NNXPF - NanoXplore acquires assets of XG Sciences terms not disclosed
- NanoXplore ( OTCQX:NNXPF ) has announced that it was the winning bidder for a significant portion of the assets of XG Sciences, in a sale conducted by XG’s senior secured creditor.
- NanoXplore will be acquiring XG’s mechanical milling platform, research and development lab and all issued and pending patents and trademarks, among other items.
- The payment of this transaction is paid in cash without any share issuance.
- Moreover, NanoXplore is planning to use these assets to build a silicon-graphene anode material facility with a production capacity of 100-200 tons per year during 2023.
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NanoXplore acquires assets of XG Sciences, terms not disclosed