MONTREAL, Aug. 03, 2018 (GLOBE NEWSWIRE) -- On July 17, 2018, NanoXplore Inc. ("NanoXplore" or the “Corporation”) (TSX-V: GRA) issued a news release announcing a positive feasibility study for its 10,000 metric ton/year graphene production plant.

Such news release contained information extracted from the feasibility study prepared by an independent firm, dated July 2018, which has been filed on SEDAR, including future-oriented financial information for a period of 25 years.

According to section 4A.8 of Policy Statement to Regulation 51-102 Respecting Continuous Disclosure Obligations, future-oriented financial information should cover a period for which the information can be reasonably estimated and, in many cases, that time period will not go beyond the end of the reporting issuer’s next fiscal year.

Therefore, the Corporation retracts from it news release dated July 17, 2018, the future-oriented financial information covering a period of 25 years.

Readers are cautioned that the terms feasibility study and PEA (preliminary economic assessment) used by the Corporation are not the same as those used for mineral projects as defined under Regulation 43-101 respecting standards of disclosure for mineral projects (NI 43-101), and should not be viewed as equating in any way to a feasibility study or PEA as defined under NI 43-101.

Investors should not rely on the future-oriented financial information made by the Corporation in its news release to guide them in their investment decisions.

This news release is issued at the request of the Autorité des marchés financiers (Québec) and the TSX Venture Exchange.

About NanoXplore Inc.

NanoXplore is a graphene corporation, a manufacturer and supplier of high-volume graphene powder for use in industrial markets, as well as standard and custom graphene enhanced plastic and composite products. NanoXplore has recently announced the acquisition of Sigma Industries. Upon completion, NanoXplore will employ near 400 people with production plants in Canada, US, and Switzerland.  

Neither TSX Venture Exchange nor its Regulation Services Providers (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact:

NanoXplore Inc. Soroush Nazarpour President and CEO (514) 935-1377 info@nanoxplore.ca