04:25 PM EDT, 05/28/2018 (MT Newswires) -- ASHBURTON VENTURES INC. (ABR.V) -- a Canadian-based junior exploration company focused on zeolite, lithium and graphite projects and trading near a 52 week low of $0.06 -- after trade Monday announced the signing of a contract between Innotech Alberta Inc. and Progressive Planet Alberta Inc. (a wholly owned subsidiary of Ashburton Ventures Inc.) to further advance the development of two types of Lithium-Sulfur batteries.

According to a statement, intellectual property developed as a result of this research project will be owned by Progressive Planet Alberta Inc.

"This agreement is an exciting look into the future for our company. As we advance our lithium, graphite and zeolite properties, we are seeking to develop value-added products for the storage of heat and electricity. As the future becomes more focused on renewable energy, we look forward to developing and owning intellectual property in this sector," said CEO Steve Harpur.

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