GREY:ABGPF - Post by User
Post by
mancunian474732on Apr 26, 2017 6:30pm
258 Views
Post# 26171197
RE: News
RE: NewsCompare use of funds Sep 2016 and Apr 2017
Sep 2nd 2016 - AGC intends to use the net proceeds of the Private Placement for working capital and further advancing the Company's development of its metallurgical process for producing coated spherical purified graphite ("CSPG") for use in Lithium-ion batteries.
Apr 26th 2017 - AGC intends to use the net proceeds of the Private Placement for working capital and production, full electrochemical testing and characterization of significant quantities of Coated Spherical Purified Graphite ("CSPG") engineered for use in lithium-ion ("Li-ion") battery anodes and Delaminated Expanded Graphite ("DEXDG") engineered for use as a conductivity enhancement diluent in Li-ion battery cathodes. This fully characterized and tested battery-ready material will be conveyed to satisfy outstanding material requests from both existing United States Department of Defense ("DoD") battery manufacturers and contractors, non-DoD entities, and new potential end users.