Black Swan Graphene Announces Commencement of Scoping Study for Large-Scale Production Facility

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TORONTO, November 21, 2022 /CNW/ – Black Swan Graphene Inc. (“Black Swan” or the “Company”) (TSXV: SWAN) (OTCQB: BSWGF) is pleased to announce the initiation of a first full-scale production engineering study (the “Scoping Study”) in partnership with Halyard Inc., a Toronto engineering company (“Halyard”).

Black Swan Graphene Inc. Logo (CNW Group/Black Swan Graphene Inc.)

The scoping study will provide an initial project assessment including process plant specifications as well as mechanical, civil, structural and electrical designs. Capital and operating cost estimates will also be prepared and incorporated into a financial analysis for Black Swan’s planned large-scale production facility at Quebec, Canadawhere the Company aims to take advantage of the province’s low-cost renewable hydroelectricity as well as the emergence of a world-class graphite industry as a source of raw material.

Michael EdwardsBlack Swan’s Chief Operating Officer, said, “This marks an important milestone for Black Swan as we move to a much larger scale of production of our graphene products and move into volume-oriented industries. services, notably the concrete and polymer industries.

Halyard Inc.

The halyard is a Toronto carbon-neutral engineering company that typically serves the mineral processing, material handling, infrastructure, and water treatment industries. The company provides a full staff including multidisciplinary engineers, project managers, designers and project support experts to deliver innovative and sustainable engineering designs.

Halyard’s key qualifications include deep expertise with significant experience in producing all levels of studies and executing new and complex brownfield projects; the ability to deliver accelerated schedules with a significant and successful record of project delivery; extensive design and implementation of a small-scale, fast-track modular plant; as well as a strong commitment to environmental sustainability and the prioritization of effective, low-impact solutions.

About Black Swan Graphene Inc.

Black Swan Graphene Inc. is focused on the large-scale production and commercialization of patented, high-performance, low-cost graphene products for multiple industrial sectors, including concrete, polymers, Li-ion batteries and others, which should require large volumes of graphene. Black Swan aims to leverage the Province of Quebec’s low-cost, green hydroelectricity as well as proximity to potential graphite production sites in the province to establish a fully integrated supply chain, reduce overall costs and accelerate the deployment of graphene usage. Black Swan’s graphene processing technology was developed by Thomas Swan & Co. Ltd (“Thomas Swan”) over the past decade. Thomas Swan is a UKglobal chemical manufacturer, with a century of experience and has been at the forefront of graphene innovation.

For more information visit: www.blackswangraphene.com

Black Swan Graphene Inc. on behalf of the Board of Directors

Simon MarcotteCFA, President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

The information contained in this document contains “forward-looking statements” within the meaning of applicable securities laws. Forward-looking statements relate to information based on management’s assumptions, forecasts of future results and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, goals, assumptions or future events or performance are not statements of historical fact and may be “forward-looking statements”. Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks relating to listing on TSXV, risks relating to failure to obtain adequate financing on a timely basis and on acceptable terms; risks relating to the outcome of legal proceedings; political and regulatory risks associated with the industry; risks associated with maintaining stock market listings; risks related to environmental regulation and liability; the possibility of delays in development activities or the completion of feasibility studies; uncertainty of profitability; risks relating to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; the results of scoping and feasibility studies, and the possibility that future results will not meet the Company’s expectations; risks related to fluctuations in commodity prices; and other risks and uncertainties relating to the Company’s prospects, properties and business detailed elsewhere in the Company’s disclosure filing. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those described in the forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof, and the Company undertakes no obligation to update or revise them to reflect new events or circumstances, except in accordance with applicable securities laws. Actual events or results could differ materially from the Company’s expectations or projections.

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SOURCE Black Swan Graphene Inc

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