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08:56 AM EDT, 09/27/2016 (MT Newswires) -- Zenyatta Ventures Ltd. (ZEN.V) - which gained 6.4% on the TSX Venture Exchange yesterday - signed Tuesday a contribution agreement with the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP). According to a statement, Zenyatta will receive technical advisory services and a financial contribution of up to $350,000 to support Zenyatta's metallurgical program designed to provide data for the start of a pre-feasibility phase on its Albany graphite project as previously announced.
Aubrey Eveleigh, President and CEO, said: "This support by NRC IRAP complements our various collaborative partnerships and allows us to produce larger market samples of high purity graphite which will permit continued graphite and graphene application development. The Albany project has the potential to produce an ultra high purity graphite product that could lead to high tech, value added business opportunities to emerge in Canada."
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