Junior explorer Focus Metals (CVE:FMS) said Wednesday that it plans to form a multi-country joint venture to develop patents for applications of technologies using graphene, a form of carbon.
The US-Canada-Asia joint venture will be based in New York City, but Focus did not disclose who its partners would be, or any terms of the agreement.
"As a material it is completely novel - not only is graphene the thinnest material known in science but it is also the strongest. As a conductor of heat, graphene outperforms all currently known materials,” said Dr. Gordon Chiu, the newly appointed chief scientist and managing director of the future venture.
“It is nearly transparent yet so dense that not even helium, the smallest gas atom, can pass through it...As a combination, it is potentially more applicable than copper because when graphene is mixed into plastics, the resultant material turns into a conductor of electricity while being more heat resistant and mechanically robust."
Under the joint venture agreement, Dr. Chiu will be responsible for building the new company’s portfolio of graphene-based applications, particularly in the development and acquisition of aviation and defence applications.
Focus Metals owns one of the world's highest concentrations of natural flake graphite at its Lac Knife property in Quebec. Graphite is used in the manufacturing of solar panels and lithium-ion batteries, as well as in the nuclear industry and many other renewable energy applications.
"The world of scientific research is currently dominated by the development of graphene applications - from electron-microscopic imaging for medical diagnostics, to stealth military applications to nanotechnology-based supercomputers," said president and CEO of Focus Metals, Gary Economo.
Currently, China controls more than 70% of the global supply of industrial graphite and many are concerned that this could become an increasing worry in the coming years.
"We see no end to the future of graphene development, and, given our company's source, see a long-term benefit by moving now to capturing ownership of patent values," Economo added.