Mr. Paul Ogilvie reports

SAINT JEAN CARBON BUILDING A RECYCLED HIGH PERFORMANCE LITHIUM-ION BATTERY

Saint Jean Carbon Inc. and its battery manufacturing partner will build a high-powered full-scale lithium-ion battery with recycled/upcycling material from an electric car power pack and the upcycled anode material from Saint Jean Carbon. This will be a world-first and hopefully will provide results that prove the life cycle of the raw material can be reused over and over again, and ideally, greatly reducing the demand for continued mining and helping the environment significantly.

The project will have a three-stage approach:

1. Using proprietary and patented systems for dismantling and separating the chemistry and hard materials;
2. Design and re-engineering the surfacing of the raw materials;
3. Construct two identical cells, one with new material and one with upcycled materials. Both cells will be tested to over 10,000 cycles, which will create the most realistic sampling test results.

In the future, having the ability to take recycled materials, re-engineer them and repurpose to build a high performance lithium-ion battery (HPL) would be a first, and this would greatly change the way people look at the raw material chain in energy storage applications and how the raw material will affect the cost of electric vehicles. The outcome, if successful, will be step one in a multidesign build project that would hopefully see a test vehicle built using the batteries.

Paul Ogilvie, chief executive officer, commented: "The focus to work together to create a fully functioning upcycled battery is really a great opportunity for all parties involved, and aligns perfectly with our overall strategy. We have always had concerns about the significant amount of raw materials needed for lithium-ion batteries, frankly, making the environmentally sound energy storage devices not so environmentally friendly when you dispose of them. With our technology and the knowledge strength within our team, we feel strongly, very promising results may come from the project. We look forward to presenting the results and any milestones as they get completed."

The company anticipates the project will take six months to complete and will issue updates periodically.

We seek Safe Harbor.