Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Benchmark's Africa Day Presentation
CEO Arno Brand and COO Armando Farhate presenting around 7am EST on Thursday.
Maybe some updates forthcoming.
Be sure to join us at @benchmarkmin Africa Day on Thursday, February 4th where Gratomic's CEO, Arno Brand and COO Armando Farhate will join forces for a memorable event! You won't want to miss this one! https://t.co/W2BsuwfsnH$GRAT $CBULF
— Gratomic TSX.V: GRAT | OTCQX:CBULF | CB82.F (@GratomicInc) February 1, 2021
Ooofta - Yikes (.51 Up 14.6 %)
Thanks for that BNN interview info
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=ca%3Agrat&x=57&y=18&time=100&startdate=1%2F4%2F2020&enddate=2%2F10%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=1&maval=50+200&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
Link to Letter to Shareholders from Armando Farhate (COO)
Click the link below to access today's COO letter to shareholders from Gratomic's own Armande Farhate https://t.co/L1uGjFLT7A #GoDaddy #Email #Marketing via @GoDaddy $GRAT $CBULF pic.twitter.com/YPxErieXVf
— Gratomic TSX.V: GRAT | OTCQX:CBULF | CB82.F (@GratomicInc) January 20, 2021
https://www.accesswire.com/625011/Gratomic-Appoints-Karl-Trudeau-as-a-Director-Head-of-Namibian-Operations
TORONTO, ON / ACCESSWIRE / January 20, 2021 / Gratomic Inc. ("GRAT" or the "Company") (TSX.V:GRAT)(OTCQB:CBULF)(FRANKFURT:CB82)(WKN:A143MR) announces the appointment of Karl Trudeau as a Director of the Company and Head of Namibian Operations.
Karl brings to the Board his unique experiences in building and operating some of the most profitable graphite mines in the Western World. Working for Imerys Graphite et Carbonne, he operated and optimized the Lac-Des-Îles graphite mine to become the most profitable mining operation in Quebec in 2014. An additional significant milestone was achieved with Imerys, through his role as Natural Graphite Operations Leader, where Karl was responsible for the construction and development of the Okanjande Graphite Mine in Namibia, Africa.
As the COO of Nouveau Monde Graphite, Karl made important contributions to the project including his work as a pioneer in the electrification of mining operations. As the world is changing, Gratomic will be a focused leader in making the necessary and important change of establishing carbon neutral operations. Karl brings with him the knowledge from previous projects, which will assist in making the Company's Aukam Graphite Project a carbon neutral operation.
The strength of established working relationships on previous projects with Armando Farhate and Andre Bennet and having a strong track record of delivering to plan will be a key contributing factor to the success of the Aukam Graphite Project.
"I had the privilege of working directly with Karl in other Graphite projects and having him side by side at the Board of Directors of Gratomic will ensure we continue to improve our governance level," said Armando Farhate, COO & Head of Graphite Marketing and Sales.
"On behalf of the Board of Directors, I am very pleased to welcome Karl to the Board. This step solidifies his role with the Company and represents a harbinger of the success to come in Gratomic's future," said Arno Brand, President & CEO of Gratomic Inc.
The appointment of Karl Trudeau as a director is subject to the approval of the TSX Venture Exchange.
About Gratomic Inc.
Established in 2014, Gratomic is focused on the proposed production of low-cost mine to market carbon-neutral, eco-friendly, high purity vein graphite to be provided to the EV and Energy Storage supply chains. Gratomic is anticipating full operational capabilities in 2021.
Gratomic is in the process of solidifying its plans for micronization and spheronization of its clean Aukam graphite. This significant milestone is a small, additional step in the Company's proposed eco-friendly processing cycle and is intended to allow it to meet ideal North American battery grade standards for use in Li-ion battery anodes.
The Company plans to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. The tracking will begin at Aukam and will be verified at every stage during transport.
Two off-take purchase agreements are currently held for lump-vein graphite sourced from Gratomic's Aukam Graphite Project in Namibia, Africa. Fulfillment of the contracts is anticipated to begin in Q1 of 2021. The agreements exist with TODAQ and Phu Sumika.
TODAQ is an innovative deeptech company that can containerize assets, transactions & markets, and will partner with Gratomic on its mine-to-market commodity tracking and trading. Containerized assets are verifiably unique, keep an immutable record of who has owned them, have embedded smart logic, can be transferred P2P, and are interoperable with any system. Asset owners enjoy stronger ownership control, value retention when trading, and ability to prove authenticity in seconds.
Phu Sumika is a large global graphite supplier to battery and lubrication companies.
Gratomic Inc. is listed on the TSX Venture Exchange under the symbol GRAT, on the OTCQB under the symbol CBULF and on the Frankfurt Exchange under the symbol CB82.
For more information: visit the website at www.gratomic.ca or contact:Arno Brand at abrand@gratomic.ca or 416 561-4095
Subscribe at gratomic.ca/contact/ to be added to our email list.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Forward Looking Statements:
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com.)
SOURCE: Gratomic Inc.
Gratomic Inc.
Gratomic Inc.
https://twitter.com/Candyma15276475/status/1351554659270459392?s=19
BNN Interview on Feb. 6th
Gratomic was halted for a few days in regards to an offtake agreement with a TODAQ, that has partnerships with companies such as Visa and Hyundai.
TODAQ is a crypto company so the IIROC and TSX.V needed to review all the details in the press release and get clarification.
The halt was initiated by Gratomic for the pending news.
hey, why it looks like they were halted a couple days ago there....
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=ca%3Agrat&x=57&y=18&time=100&startdate=1%2F4%2F2020&enddate=2%2F10%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=1&maval=50+200&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
https://www.youtube.com/watch?v=SLCGGX4O26o
Volume almost double the average today!
Looks like some steady consolidation going into next week when all of the steel structures and frames are completed.
"The Company is thrilled to report that it remains on target for its planned commissioning in March of 2021"
https://www.accesswire.com/624355/Gratomic-Announces-Update-on-Construction-at-Aukam-Graphite-Project
Welcome!
The PEA and 43-101 are in progress.
Test samples of graphite for the use in Electric Vehicles to a third party (Anzaplan) for spherical micronization and grading.
Many catalysts for this small company in the near future. Just the beginning in my opinion.
Howdy - Hey
How's it goin' ?.....So is this your guys' own little private corner ?
Boy - Quite the sp performance huh ? Congrats
What the heck was all of THIS tho ?
Risk Factors
No mineral resources, let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam Property.
86 on line ?.......Man ! https://ceo.ca/grat
https://www.accesswire.com/624417/Gratomic-Defines-Product-Marketing-Strategy-as-Construction-Advances-at-Aukam-Graphite-Mine
Gratomic Defines Product Marketing Strategy as Construction Advances at Aukam Graphite Mine
Friday, January 15, 2021 8:00 AM
Share this article now
Topic:
Company Update
TORONTO, ON / ACCESSWIRE / January 15, 2021 / Gratomic Inc. (TSXV:GRAT)(FSE:CB82)(WKN:A143MR)(OTCQB:CBULF) is pleased to announce that the foundations of its product marketing and sales strategy have been officially defined.
During the commissioning phase, due to begin in March 2021, the company will be testing production quality and quantity. In order to support this development, Gratomic has plans in place to upgrade its laboratory facilities at Aukam. This will enable us to properly characterize the initial production batches generated during the commissioning process, and feedback the information to our Process Control, in order to define parameters required to ensure repeatability and efficiency of the production.
As a supplement to our main strategic focus on the battery industry and graphene applications (see press release from Dec 30th, 2020), Gratomic will pursue the development of graphite grades commonly used in applications such as graphitic foil, lubricants, crucibles, refractories, friction materials and ceramics, among others.
This will allow the Company to diversify our portfolio and optimize the output of the processing plant. Filling the remainder of the Aukam Book in terms of offtake and purchase schedules. In the coming weeks, Gratomic will pursue the preparation of samples for 53 graphite end users around the world, in order to begin the testing and homologation procedures that precede the use of our product into the most technical applications.
Gratomic's Product Marketing team has requested an additional 550 kg of graphite samples be shipped to Toronto for conversion to SG16 Battery Grade product specifications in addition to the initial shipment of 243Kg of graphite, which was previously dispatched (see press release from Oct 28,2020). Both samples are destined for distribution to Battery OEM Manufacturers.
"This strategy, only possible thanks to the restless efforts of our team on site, will put Gratomic on a privileged position to make a solid transition to a commercially viable Company", says Armando Farhate, COO & Graphite Marketing and Sales Leader.
"We have one of the best marketing teams in Graphite. Their strategy for filling the remainder of our processing capacity is brilliant and will elevate our credibility as a market leader in the vein graphite industry" said Arno Brand, Gratomic President & CEO.
Gratomic wishes to emphasize that no Preliminary Economic Analysis ("PEA"), Preliminary Feasibility Study or Feasibility Study has been completed to support any level of production. In fact no mineral resources, let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam Property.
The Company engaged Dr. Ian Flint, Ph.D., P. Eng. (BC), a Qualified Person as that term is defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") to complete a preliminary economic assessment (PEA) on the Aukam Processing plant based upon a resource estimate to be prepared by another Qualified Person. The study, its recommendations, and their subsequent implementation, will provide conclusions and recommendation at a PEA level of comfort relating to the scale up of the existing processing plant to a commercial scale processing facility that will provide the desired concentrate grades and production rates. A preliminary economic assessment is preliminary in nature, and there is no certainty that the preliminary economic assessment will be realized.
The Company is not in a position to demonstrate or disclose any capital and/or operating costs that may be associated with the processing plant, nor the Company's ability to fulfil its obligations to deliver the 1800 tonnes of graphite as required by the purchaser orders.
Gratomic wishes to emphasize that the supply of graphite pursuant to any off-take or supply agreement referred to in this Press Release is conditional on Gratomic being able to bring the Aukam project into a production phase, and for any graphite being produced to meet certain technical and mineralization requirements. See "Risk Factors" below.
Risk Factors
No mineral resources, let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam Property. The Company is not in a position to demonstrate or disclose any capital and/or operating costs that may be associated with the processing plant.
The Company advises that it has not based its production decision on even the existence of mineral resources let alone on a feasibility study of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit.
Historically, such projects have a much higher risk of economic and technical failure. There is no guarantee that production will begin as anticipated or at all or that anticipated production costs will be achieved.
Failure to commence production would have a material adverse impact on the Company's ability to generate revenue and cash flow to fund operations. Failure to achieve the anticipated production costs would have a material adverse impact on the Company's cash flow and future profitability.
About Gratomic Inc.
Established in 2014, Gratomic is focused on the proposed production of low-cost mine to market carbon-neutral, eco-friendly, high purity vein graphite to be provided to the EV and Energy Storage supply chains. Gratomic is anticipating full operational capabilities in 2021.
Gratomic is in the process of solidifying its plans for micronization and spheronization of its clean Aukam graphite. This significant milestone is a small, additional step in the Company's proposed eco-friendly processing cycle and is intended to allow it to meet ideal North American battery grade standards for use in Li-ion battery anodes.
The Company plans to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. The tracking will begin at Aukam and will be verified at every stage during transport.
Two off-take purchase agreements are currently held for lump-vein graphite sourced from Gratomic's Aukam Graphite Project in Namibia, Africa. Fulfillment of the contracts is anticipated to begin in Q1 of 2021. The agreements exist with TODAQ and Phu Sumika.
TODAQ is an innovative deeptech company that can containerize assets, transactions & markets, and will partner with Gratomic on its mine-to-market commodity tracking and trading. Containerized assets are verifiably unique, keep an immutable record of who has owned them, have embedded smart logic, can be transferred P2P, and are interoperable with any system. Asset owners enjoy stronger ownership control, value retention when trading, and ability to prove authenticity in seconds.
Phu Sumika is a large global graphite supplier to battery and lubrication companies.
Gratomic Inc. is listed on the TSX Venture Exchange under the symbol GRAT, on the OTCQB under the symbol CBULF and on the Frankfurt Exchange under the symbol CB82.
For more information, visit the website or contact:
Arno Brand
abrand@gratomic.ca
(416) 561-4095
Subscribe here to be added to our mailing list and receive news and updates directly to your inbox.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements:
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com.)
Commissioning of mine set for March 2020!
https://ceo.ca/@accesswire/gratomic-announces-update-on-construction-at-aukam
TORONTO, ON / ACCESSWIRE / January 14, 2021 / Gratomic Inc. ("Gratomic" or the "Company") (TSXV:GRAT)(FRANKFURT:CB82)(WKN:A143MR)(OTCQB:CBULF) is pleased to announce that it has completed the settling reservoir on the mine site and has begun the commissioning process on the settling and water filtration tanks. The Company is thrilled to report that it remains on target for its planned commissioning in March of 2021.
Gratomic has mobilized a crane through local company, Coleman Transport, located in Rosh Pinah, Namibia. Coleman Transport will assist the team with the placement of the custom engineered plant equipment to allow for final assembly. The custom equipment arrived on site in October as per the Press Release dated October 15th, 2020. The Aukam team will begin commissioning the crushing and grinding circuit the third week of January. Steel Frames and Structures are expected to be installed by the 25th of January.
The Company welcomes Andre Bennet and Theodoris Stephanus to the Aukam team. Andre Bennet will arrive at the site Jan 25 as the site's Lead Mechanic and Maintenance Supervisor.
Prior to accepting the position with Gratomic Inc., Andre Bennet was the Maintenance Manager for Imerys Graphite and Carbon. He was responsible for plant commissioning, enforcement of safety protocols, plant maintenance, inspections, permitting, certifications, meeting OEM product specifications, and liaising with the Engineering team on a daily basis. Andre was responsible for the control of all permits to work including, hot work permits, working at heights, scaffolding, confined spaces, risk assessments, lockout procedures, lifting permits and plans. His vast experience also includes the role of Maintenance Manager at Gecko Namibia, time spent as a Certified Engineering Superintendent, Proprietor and operator of A.F. Bennet Engineering, and Plant Manager for African Portland Cement, to list a few of his many accomplishments.
Theodoris Stephanus will be responsible for the Electric Design and Installation for the final plant assembly phase. Theo's vast experience includes 14 additional Certifications in various areas including Risk Assessment, Snakes and Hazards, Heights, Confined Spaces, Lifting and Rigging, Moving Machinery and others. His background consists of work with various plant components including conveyors, crushers, pumps, raw material handling, compressors, lifts and various elements of the construction process. Mr. Stephanus has held various important roles including Electrical Engineer for Hernic Ferrochrome Pty Ltd -Shaft Maroelabult, where he was responsible for the maintenance of electrical and reticulation systems, problem solving and troubleshooting electrical equipment and reticulation systems, arranging shift coverage with electricians, supervise during shutdowns, and planning of new projects.
*Above image: Depicts Aukam Team Member sealing the processing plant settling reservoir.
The team will proceed with commissioning of the remaining equipment in the coming month and is on track for its March commissioning as planned. Assembly is strategically planned for each unit, or section of the plant, in order to maintain our strict timelines. Contingency plans are in place to account for any, and prevent any, potential delays.
"We are thrilled to have assembled such a fantastic team of people, here at Gratomic, and I am personally grateful for our team members for their hard work and dedication to the Company and the Aukam Graphite Project. We are also grateful to our valued shareholders for their continued support and belief in our vision for Gratomic, we wouldn't be where we are today, only weeks away from commissioning, without their support." stated Arno Brand, President and CEO.
"These are challenging and exciting times for Gratomic's Aukam teams, as work of different disciplines such as steel structure, hydraulic, electric and masonry will be done simultaneously and need to come together smoothly. The competences in our team are the best we could ask for to make that happen", stated Armando Farhate, COO & Head of Graphite Marketing and Sales.
About Gratomic Inc.
Established in 2014, Gratomic is focused on the proposed production of low-cost mine to market carbon-neutral, eco-friendly, high purity vein graphite to be provided to the EV and Energy Storage supply chains. Gratomic is anticipating full operational capabilities in 2021.
Gratomic is in the process of solidifying its plans for micronization and spheronization of its clean Aukam graphite. This significant milestone is a small, additional step in the Company's proposed eco-friendly processing cycle and is intended to allow it to meet ideal North American battery grade standards for use in Li-ion battery anodes.
The Company plans to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. The tracking will begin at Aukam and will be verified at every stage during transport.
Two off-take purchase agreements are currently held for lump-vein graphite sourced from Gratomic's Aukam Graphite Project in Namibia, Africa. Fulfillment of the contracts is anticipated to begin in Q1 of 2021. The agreements exist with TODAQ and Phu Sumika.
TODAQ is an innovative deeptech company that can containerize assets, transactions & markets, and will partner with Gratomic on its mine-to-market commodity tracking and trading. Containerized assets are verifiably unique, keep an immutable record of who has owned them, have embedded smart logic, can be transferred P2P, and are interoperable with any system. Asset owners enjoy stronger ownership control, value retention when trading, and ability to prove authenticity in seconds.
Phu Sumika is a large global graphite supplier to battery and lubrication companies.
Gratomic Inc. is listed on the TSX Venture Exchange under the symbol GRAT, on the OTCQB under the symbol CBULF and on the Frankfurt Exchange under the symbol CB82.
For more information: visit the website at www.gratomic.ca or contact:
Arno Brand at abrand@gratomic.ca or 416 561-4095
Subscribe to the link below to be added to our mailing list and receive news and updates directly to your inbox
https://gratomic.ca/contact/
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Forward Looking Statements:
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).
SOURCE: Gratomic Inc.
View source version on accesswire.com:
https://www.accesswire.com/624355/Gratomic-Announces-Update-on-Construction-at-Aukam-Graphite-Project
HUGE VOLUME TODAY!
Should be a steady climb for Gratomic in 2021
News out !!
https://www.accesswire.com/623960/Gratomic-Upgrades-Pre-Purchase-Agreement-with-Crypto-Currency-Company-to-Battery-Grade-Graphite-for-the-EV-Market
Gratomic Upgrades Pre-Purchase Agreement with Crypto Currency Company to Battery Grade Graphite for the EV Market
Tuesday, January 12, 2021 9:45 AM
Share this article now
Topic:
Company Update
TORONTO, ON / ACCESSWIRE / January 12, 2021 / Gratomic Inc. ("Gratomic" or the "Company") (TSXV:GRAT)(FRANKFURT:CB82)(WKN:A143MR)(OTCQB:CBULF) wishes to announce that it has upgraded its pre purchase agreement with technology company, TODAQ Star Program Phase 1 Corp.("TODAQ"), a subsidiary of TODAQ Holdings Inc., pursuant to the terms of a new agreement dated January 7, 2020 between the Company and TODAQ (the "Supply Agreement") to provide battery grade graphite SG16 for the EV Battery Market. TODAQ is proposed to receive an aggregate of graphite valued at US$25,000,000 from Gratomic's Aukam Graphite Project in Namibia over a 36-month period in exchange for a non-cash digital asset created by TODAQ as a medium for exchange and store of value known as a TODA note ("TDN"). The Supply Agreement fulfillment has been negotiated at an exchange rate of USD$0.30 per TDN note.
The Supply Agreement contemplates that Gratomic will deliver, to TODAQ, 5,000 tonnes of SG16 product valued at USD$25 million under the terms of the agreement, over a 36-month period. TODAQ will put in an initial order of 1,800 tonnes, valued at USD $9 million, in exchange for 30,000,000 TDN, over the first 90-day period of the contract. The original agreement with TODAQ announced in the Press Release dated October 17, 2019, and referred to in the Press Release dated May 25, 2020, provided that the first 1800 tonnes of product would be purchased on the basis of an exchange rate of USD$0.10 per TDN with the balance being purchased at the market rate for TDN.
The Supply Agreement now fixes the value of the TDN notes at USD$0.30 for the purchase of the entire 5000 tonnes providing a fixed value and certainty for the Company. The first delivery date has not yet been established and will depend upon when the Company completes the construction of its processing plant at the Aukam Project in Namibia (see Press Release dated December 31, 2020 for an update on the status of the processing facility). When the Company is ready to deliver the SG16 product to TODAQ, it will inform TODAQ. TODAQ will then submit a purchase order for an initial 600 tonnes of product valued at $3 million and TODAQ will issue 10 million TDN to the Company. The Company will have 90 days thereafter to deliver the product to an on-site warehouse at the Aukam Property under the control of TODAQ which will constitute good delivery for the product. The Company intends to hold onto any TDN received for a minimum six months after which it will start liquidating the TDN into cash. See "Risk Factors" below.
As part of the Supply Agreement, both TODAQ and Gratomic will also be establishing a jointly owned entity, Q Corp, to hold an initial reserve of 60 million TDN to be used to build a treasury of commodities including graphite. As well, Q Corp will be provided with digital supply chain, custody, wallet and trading solutions by TODAQ USA, the digital solution provider of TODAQ, so Gratomic customers and graphite owners can own verifiably authentic and clean graphite which can be traded peer-to-peer and brought to exchange markets. Q Corp offers the option to Gratomic to trade excess production coming from its Aukam Processing facility to Q Corp.
SG16 is a battery grade graphite that can be used for anode material in the majority of Li-ion batteries focusing mainly on the EV sector.
The graphite is to be purchased by TODAQ to sit in reserve as a backstop to underpin the value of deployed TDN. The TDN will allow for cryptographic ownership and tracking of commodities as they are processed and traded.
The Supply Agreement provides that if Gratomic is unable to deliver graphite in accordance with the orders from TODAQ, TODAQ has the right to refuse to take any subsequent attempt to fulfil the order, terminate the agreement immediately, obtain substitute product from another supplier and recover from the Company any costs and expenses incurred in obtaining such substitute product or suing for damages under the contract.
The Supply Agreement provides that the graphite to be delivered will comprise the SG16 product pre-specifications. For more information, please follow this link to view the Company's current Corporate Presentation, preliminary product information is listed on page 48.
"The recent development of digital currency markets demonstrates the importance of Gratomic being ahead of the competition with this pre-purchase agreement. We will be the first company to commercialize graphite with this innovative technology." commented Armando Farhate, COO and Head of Graphite Marketing and sales.
"The adjustment to our existing TODAQ agreement comes as a welcome change as the Company continues to adjust its primary focus towards the rapidly growing electric vehicle market. TODAQ offers a very unique and innovative platform, through which Gratomic can bring shareholder value through bridging the Company's asset into a non-Fiat medium" stated Arno Brand, President & CEO of Gratomic Inc.
Gratomic wishes to emphasize that no Preliminary Economic Analysis ("PEA"), Preliminary Feasibility Study or Feasibility Study has been completed to support any level of production. In fact no mineral resources, let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam Property.
The Company engaged Dr. Ian Flint, Ph.D., P. Eng. (BC), a Qualified Person as that term is defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") to complete a preliminary economic assessment (PEA) on the Aukam Processing plant based upon a resource estimate to be prepared by another Qualified Person. The study, its recommendations, and their subsequent implementation, will provide conclusions and recommendation at a PEA level of comfort relating to the scale up of the existing processing plant to a commercial scale processing facility that will provide the desired concentrate grades and production rates. A preliminary economic assessment is preliminary in nature, and there is no certainty that the preliminary economic assessment will be realized.
The Company is not in a position to demonstrate or disclose any capital and/or operating costs that may be associated with the processing plant, nor the Company's ability to fulfil its obligations to deliver the 1800 tonnes of graphite as required by the purchaser orders.
Gratomic wishes to emphasize that the supply of graphite pursuant to any off-take or supply agreement referred to in this Press Release is conditional on Gratomic being able to bring the Aukam project into a production phase, and for any graphite being produced to meet certain technical and mineralization requirements. See "Risk Factors" below.
Risk Factors
No mineral resources, let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam Property. The Company is not in a position to demonstrate or disclose any capital and/or operating costs that may be associated with the processing plant.
The Company advises that it has not based its production decision on even the existence of mineral resources let alone on a feasibility study of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit.
Historically, such projects have a much higher risk of economic and technical failure. There is no guarantee that production will begin as anticipated or at all or that anticipated production costs will be achieved.
Failure to commence production would have a material adverse impact on the Company's ability to generate revenue and cash flow to fund operations. Failure to achieve the anticipated production costs would have a material adverse impact on the Company's cash flow and future profitability.
TDN is designed to function as a stablecoin, not a security; have a significant portion of the use as a loyalty reward; act as an asset for goods and services purchases; and have its use be contained within the Adot network ecosystem. The TDN program governance plans to be put under a non-profit foundation during 2021. As a fully decentralized asset, business and individual owners can exercise full control and possession of their TDN. Due to its intrinsic qualities as a TODA containerized, smart, immutably self-tracking asset, TDN is also designed to support secure and efficient fulfillment of regulatory needs. The current market for TDN consists of TODAQ and its current customers, partnering companies as well as their customers and partners. These parties are using TDN among each other as a payment means in return for goods and services. TODAQ intends to expand this market in the future and also expects to expand this market to include over-the-counter digital asset trading platforms, crypto exchanges, commodity exchanges and custodial trust services although TODAQ makes no representation that it will be able to expand the market for the trading of TDN.
Historically, such innovative technical digital assets have a much higher risk of economic and technical failure and there is no certainty that these kinds of assets will have any value. There is no guarantee that TDN will perform as anticipated and neither TODAQ nor the TDN program make any claim or forecast regarding the future value of TDN and do not offer any future expectation of profit.
About Gratomic Inc.
Established in 2014, Gratomic is focused on the proposed production of low-cost mine to market carbon-neutral, eco-friendly, high purity vein graphite to be provided to the EV and Energy Storage supply chains. Gratomic is anticipating full operational capabilities in 2021.
Gratomic is in the process of solidifying its plans for micronization and spheronization of its clean Aukam graphite. This significant milestone is a small, additional step in the Company's proposed eco-friendly processing cycle and is intended to allow it to meet ideal North American battery grade standards for use in Li-ion battery anodes.
The Company plans to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. The tracking will begin at Aukam and will be verified at every stage during transport.
Two off-take purchase agreements are currently held for lump-vein graphite sourced from Gratomic's Aukam Graphite Project in Namibia, Africa. Fulfillment of the contracts is anticipated to begin in Q1 of 2021. The agreements exist with TODAQ and Phu Sumika.
TODAQ is an innovative deeptech company that can containerize assets, transactions & markets, and will partner with Gratomic on its mine-to-market commodity tracking and trading. Containerized assets are verifiably unique, keep an immutable record of who has owned them, have embedded smart logic, can be transferred P2P, and are interoperable with any system. Asset owners enjoy stronger ownership control, value retention when trading, and ability to prove authenticity in seconds.
Phu Sumika is a large global graphite supplier to battery and lubrication companies.
Gratomic Inc. is listed on the TSX Venture Exchange under the symbol GRAT, on the OTCQB under the symbol CBULF and on the Frankfurt Exchange under the symbol CB82.
For more information: visit the website at www.gratomic.ca or contact:
Arno Brand at abrand@gratomic.ca or 416 561-4095
Subscribe to the link below to be added to our mailing list and receive news and updates directly to your inbox
https://gratomic.ca/contact/
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Forward Looking Statements:
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).
SOURCE: Gratomic Inc.
Gratomic Inc.
Gratomic Inc.
Huge volume yesterday and now trading is halted pending news from the company. Should be something great!
GLTA
CBULF +20% TODAY!
People need to start taking this one seriously.
Gratomic is looking very bullish right now.
Promotion and FOMO starting to kick in imo. This very under the radar stock may make a big splash in the EV battery graphite supply chain.
https://www.accesswire.com/622568/Gratomic-Announces-Completion-of-Civil-Construction-Work-and-Begins-Final-Equipment-Assembly
Gratomic Announces Completion of Civil Construction Work and Begins Final Equipment Assembly
Wednesday, December 30, 2020 8:00 AM
Share this article now
Topic:
Product Announcements
TORONTO, ON / ACCESSWIRE / December 30, 2020 / Gratomic Inc. ("GRAT" or the "Company") (TSXV:GRAT)(FRANKFURT:CB82)(WKN:A143MR)(OTCQB:CBULF) is pleased to announce completion of civil construction work and final equipment assembly on its Aukam Processing Plant in Namibia. The Gratomic team has made an extreme effort to maintain the activities at the Aukam site, while ensuring that every precautionary measure has been taken to prevent the likelihood of a COVID-19 infection on the premises.
Gratomic has engaged the services of 12 additional temporary workers, through the local community of Aus, to relieve the Company's Aukam workers and to allow them time-off during the Holiday Season. This is one of the many additional steps that the team has undertaken to ensure that time constraints are met according to the strict construction timeline.
Final equipment assembly has started on metal structures and support frames, manufactured locally by Pro-Edge Steel. Each piece of equipment is being assembled over its custom designed structure.
Simultaneously, the onsite team is setting up water, slurry, hydraulic, and electrical installation in preparation of the commissioning phase that comes thereafter.
Karl Trudeau will travel to the Aukam Graphite Project in Namibia in Mid-January to oversee final equipment assembly and commissioning in person.
Andre Bennet has been appointed as Mechanic and maintenance Supervisor for the Aukam Graphite Project.
"I would like to thank the Gratomic workforce in Aukam for their extreme dedication and hard work, which made possible this great achievement, and I am sure that they will continue to be the backbone of our Company for the next steps to come," said Armando Farhate, COO & Head of Graphite Marketing and Sales.
"Gratomic continues to excel against all odds in this new exciting phase that brings our Aukam Processing Plant even closer to commissioning. We couldn't be more thrilled with the progress the team is making and with their ability to quickly adapt to changing circumstances. It is amazing to see how the team has come together to bring this eight-year-old vision to life." commented Arno Brand, President & CEO at Gratomic Inc.
About Gratomic Inc.
Established in 2014, Gratomic is an advanced materials company focused on low-cost mine to market commercialization of carbon-neutral, Eco-friendly, high purity vein graphite and is set to become a key player in EV and Renewable Resource supply chains. Gratomic Inc. is a leader among peers, anticipating full operational capabilities in early 2021 and aiming to transition to an open pit operation by Q4 of 2021.
Gratomic is in the process of solidifying its development plans for micronization and spheronization of its clean Aukam graphite. This significant milestone is a small, additional step in the Company's existing Eco-friendly processing cycle and will allow its naturally high purity graphite to meet ideal North American battery grade standards for use in Li-ion battery anodes.
The Company promises to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. The tracking will begin at Aukam and will be verified at every stage during transport.
Two off-take purchase agreements are currently held for lump-vein graphite sourced from Gratomic's Aukam Graphite Project in Namibia, Africa. Fulfillment of the contracts is slated to begin in 2021. The agreements exist with TODAQ and Phu Sumika.
TODAQ is an innovative tech company and will partner with Gratomic on its mine-to-market commodity tracking.
Phu Sumika is a large global graphite supplier to battery and lubrication companies.
Gratomic Inc. is listed on the TSX Venture Exchange under the symbol GRAT.
For more information, visit our website at www.gratomic.ca or contact us at info@gratomic.ca. Subscribe to receive news and updates.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements:
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com
SOURCE: Gratomic Inc.
Bid/ask spread finally tightening. Good things coming, stay tuned.
Plant should almost be complete to start the revenue stream from the two supply agreements already in place.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/540-tsx-venture/grat/89967-gratomic-retains-marketing-consultants.html
Gratomic Retains Marketing Consultants
TSX VENTURE: GRAT
www.gratomic.ca
Mr. Arno Brand reports:
TORONTO, ON / ACCESSWIRE / December 21, 2020 / Gratomic Inc. ("GRAT" or the "Company") (TSXV:GRAT) (FRA:CB81) (WKN:A143MR) (OTCQB:CBULF) is pleased to announce that the Company has retained Amherst Baer Consultancy Corp. ("ABCC"), of Langley British Columbia, as investor relations consultants to prepare a marketing campaign for the Company. ABCC will be paid US$100,000 per month for a three month contract. The contract can be terminated at any time on 30 days' notice. ABCC operates out of North Vancouver, BC and is owned by Miss Lisa Little, ABCC provides digital media marketing services for issuers and non-issuers. Neither ABCC nor any representatives of ABCC own any securities of Gratomic directly or indirectly or have any intention to acquire any securities of Gratomic. The services provided will include:
Creation of copywriting by CFA
Creation of video interviews with key senior management
The sale of digital media traffic
Hosting of copywriting at www.investorsscene.com
The Company is also pleased to announce that it has retained Winning Media LLC ("Winning"), of Houston Texas, to provide strategic digital media services, marketing, and data analytics services in the United States. Winning will be paid a fee of US$150,000 for a one month contract. Neither Winning nor any representatives of Winning own any securities of Gratomic directly or indirectly or have any intention to acquire any securities of Gratomic.
The appointments of ABC and Winning are subject to the Company making certain filings with the TSX Venture Exchange.
The Company engaged Amherst Baer Consultancy Corp., to provide digital media services, vendor management, marketing and data analytics services to the Company, and the Company budgeted USD$300,000 for such services over an expected three-month period. Amherst Baer is a full-service advertising agency, that owns and operates a proprietary ad exchange and who is partnered with additional ad exchanges whose integrated SSPs (supply side platforms) result in access to 2-10 billion daily North American ad impressions. Neither Amherst Baer nor any of its directors and officers own any securities of the Company.
About Gratomic Inc.
Established in 2014, Gratomic is an advanced materials company focused on low-cost mine to market commercialization of carbon-neutral, Eco-friendly, high purity vein graphite and is set to become a key player in EV and Renewable Resource supply chains. Gratomic Inc. is a leader among peers, anticipating full operational capabilities in late 2020 and aiming to transition to an open pit operation as early as the end of 2021.
Gratomic is in the process of solidifying its development plans for micronization and spheronization of its clean Aukam graphite. This significant milestone is a small, additional step in the Company's existing Eco-friendly processing cycle and will allow its naturally high purity graphite to meet ideal North American battery grade standards for use in Li-ion battery anodes.
The Company promises to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. The tracking will begin at Aukam and will be verified at every stage during transport.
Two off-take purchase agreements are currently held for lump-vein graphite sourced from Gratomic's Aukam Graphite Project in Namibia, Africa. Fulfillment of the contracts is slated to begin in 2021. The agreements exist with TODAQ and Phu Sumika.
TODAQ is an innovative tech company and will partner with Gratomic on its mine-to-market commodity tracking.
Phu Sumika is a large global graphite supplier to battery and lubrication companies.
Gratomic Inc. is listed on the TSX Venture Exchange under the symbol GRAT.
For more information: visit the website at www.gratomic.ca or contact:
Arno Brand at abrand@gratomic.ca or 416 561-4095
Subscribe to the link below to receive news and updates
https://gratomic.ca/contact/
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Forward Looking Statements:
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com
Up 19% today. Chart is looking prime for gap up next week!
Bids are rising. Looks like a breakout week.
Gratomic Approved for Trading on the OTCQB Venture Market
Gratomic OTCQB
Volume increasing daily. Many catalysts to come.
Looking like a breakout in the near future.
Vein graphite being grading for use in EV batteries. Looking to become a major player in the supply chain.
Already has 2 supply agreements in place.
Construction of the mine is completed in the coming weeks.
Gratomic has been on a steady climb since March. Management team has turned this stock around.
https://www.accesswire.com/619182/Community-Building-Gratomic-Continues-to-Support-Local-Initiatives
Community Building: Gratomic Continues to Support Local Initiatives
Wednesday, December 2, 2020 12:50 PM
Share this article now
Topic:
Company Update
TORONTO, ON / ACCESSWIRE / December 2, 2020 / Gratomic Inc. ("GRAT" or the "Company") (TSXV:GRAT)(FRANKFURT:CB81)(WKN:A143MR) is pleased to have recently met with local leaders of the !Aman Clan. The Company has also donated $70,000 to drought relief in Namibia, hosted a site visit from the President's office, and has organized a community cleanup program in the neighboring town of Aus.
The !Aman clan resides in the Karas region of Namibia and were interested in learning about progress at the mine. The clan leaders were also interested in discussing harmonized working relationships between Gratomic and the !Aman Trust Fund for local businesses and individuals. A tour of the Aukam mine site was conducted for the head of the !Aman Clan by the Company's Site Medic and Safety Manager, Oswald Mughongora. The local Clan leaders were presented with a full, guided tour of the property, were provided with explanations regarding the preservation and safeguarding of ancestral lands and resources as well as operational plans and future expectations of the mine. Gratomic has mobilized its workforce to homestead in the town of Aus.
Discussions regarding visible and transparent job tendering opportunities were had regarding participation of local businesses in various areas such as loading and unloading of equipment, drilling and blasting, plant operations, maintenance, inventory delivery to port, and water supply chain. Plans were also made regarding visible and transparent job postings for individuals.
Gratomic is pleased to provide opportunities for the improvement of surrounding communities. The Company has invested in the betterment of society by way of educational programs, opportunities for local businesses and the hiring of local workers whenever possible. We look forward to continued growth in these areas.
$70,000 Namibian dollars has been donated recently to the Farmers Drought Relief Fund to support these initiatives in the area. Gratomic feels that this is an important objective because water is a scarce natural resource in a desert environment under normal conditions and drought in Namibia has been exacerbated by 5 years of below average rainfall, which has led to wildfires in the region. As discussed in a previous press release dated November 9, 2020, the Company is very cognisant about water conservation and recycling.
"We intend to ensure that clean water remains available to local communities," commented Namibian born President & CEO, Arno Brand, "Our overarching goal at Gratomic is to make the world a better place than it was before we began this adventure at Aukam."
Gratomic also provides opportunities in skill development through-on-the-job training programs. This directly affects many people in the area by providing them with improved lifestyles and skill sets that they would have otherwise not have received. The Leadership team at Gratomic views this project as an opportunity to create prosperity in the Karas region by providing jobs, community programs, and assisting with the protection and preservation of natural resources.
The Company is currently organizing a clean-up initiative in Aukam's neighboring Town of Aus. Gratomic plans to close the mine down for the day and transport its workers to the Aus town-site, where the group of paid volunteers will begin the beautification process by removing litter and debris from the townsite and its neighboring nature preserve.
About Gratomic Inc.
Established in 2014, Gratomic is an advanced materials company focused on low-cost mine to market commercialization of carbon-neutral, Eco-friendly, high purity vein graphite and is set to become a key player in EV and Renewable Resource supply chains. Gratomic Inc. is a leader among peers, anticipating full operational capabilities in late 2020 and aiming to transition to an open pit operation as early as the end of 2021.
Gratomic is in the process of solidifying its development plans for micronization and spheronization of its clean Aukam graphite. This significant milestone is a small, additional step in the Company's existing Eco-friendly processing cycle and will allow its naturally high purity graphite to meet ideal North American battery grade standards for use in Li-ion battery anodes.
The Company promises to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. The tracking will begin at Aukam and will be verified at every stage during transport.
Two off-take purchase agreements are currently held for lump-vein graphite sourced from Gratomic's Aukam Graphite Project in Namibia, Africa. Fulfillment of the contracts is slated to begin in 2021. The agreements exist with TODAQ and Phu Sumika.
TODAQ is an innovative tech company and will partner with Gratomic on its mine-to-market commodity tracking.
Phu Sumika is a large global graphite supplier to battery and lubrication companies.
Gratomic Inc. is listed on the TSX Venture Exchange under the symbol GRAT.
For more information: visit the website at www.gratomic.ca or contact:
Arno Brand at abrand@gratomic.ca or 416 561-4095
Subscribe to the link below to receive news and updates
https://gratomic.ca/contact/
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Forward Looking Statements:
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com.
SOURCE: Gratomic Inc.
Gratomic Inc.
Gratomic Inc.
Gratomic has clean sources of vein graphite tesla uses lithium and graphite and copper in his batteries !!
The company said it had appointed concrete expert Fanie Barnard to oversee rebar and baseplate installations and the pouring of concrete foundations at the processing plant, with the concrete work due to finish by month-end.
Gratomic said it was expecting to achieve commercial production later this year or early 2021.
It had also announced further drilling in October, to assist in calculating a resource and to support the completion of a preliminary economic assessment for Aukam.
Gratomic said the settling reservoir was being built and all components for the processing plant were now manufactured and assembly would be completed over the upcoming weeks.
"With multiple skilled crews now working on-site, we could not be more proud of the progress being made on our custom-designed processing plant," president and CEO Arno Brand said.
"We would also like to thank our very supportive shareholders and investors, who have given Gratomic the opportunity to bring the Aukam graphite deposit back to life."
The past-producing mine in the Karas region was previously in operation between 1940-1956 and from 1964-1974.
The company, formerly CKR Carbon, said phase three would "allow the mine to realise its full potential" with an estimated 20,000 tonnes per annum of high purity, vein graphite production.
Gratomic said it had two off-take purchase agreements for Aukam's lump-vein graphite with TODAQ and Phu Sumika.
Gratomic is gaining the project in full after agreeing earlier this month to acquire NextG's 37% interest, for consideration including shares and US$500,000 from the first $1 million of net revenue from Aukam graphite sales.
The company also has the Montpellier and Buckingham graphite properties in Quebec.
Gratomic had about C$1 million in working capital at June 30.
Its shares (TSXV: GRAT), which have ranged from 2.5c-25c over the past year, closed up 12.9% to 17.5c on Friday, capitalising it at $12.8 million (US$9.8 million).
https://gratomic.ca/concrete-expert-arrives-on-site-to-complete-final-phase-of-construction-on-aukam-processing-plant/
Concrete Expert Arrives On Site to Complete Final Phase of Construction on Aukam Processing Plant
Friday, November 20, 2020
TORONTO, ON / November 20, 2020 / Gratomic Inc. (“GRAT” or the “Company”) (TSXV:GRAT) (OTC Pink: CBULF) (FRANKFURT:CB81) (WKN:A143MR) is pleased to announce the arrival of Fanie Barnard to its Aukam Graphite project in Namibia. Mr Barnard has been appointed to complete onsite construction and oversee the concrete work on the Aukam Graphite processing plant which is expected to be completed by the end of this month.
Mr Barnard has steel and concrete experience on previous projects with many high-profile companies including Glencore and Anglo American. He has been tasked to supervise rebar and baseplate installations and the pouring of concrete foundations. Fanie Barnard is leading the final phase of foundation construction for the Rotary Drier, Filter Press, Cyclone, Material Hopper, Material Thickener Tank and Product Thickener Tank.
Gratomic would also like to report that a local company, Pro Edge Steel, in Keetmanshoop is responsible for designing and supplying various structural base plates and steel frames. Pro Edge has delivered the first order of steel structures to the Aukam Processing site and we expect further delivery of the steel frames in short order.
Excavation work for the multiple foundations on site was completed in late October. In total, Company employees excavated approximately 414 tonnes of material. This work will accommodate the multiple tanks and final pieces of equipment for the Company’s custom designed Graphite Processing Plant with a design capacity of 20,000 tpa. The Processing Plant has been designed on a modular basis with an over-engineered front and back end to accommodate easy future expansion through the inclusion of added columns and mixing tanks.
With excavation work completed on Aukam, the team has begun installing concrete forms and rebar in preparation for the final construction phase. The structural base plates and hold-down bolts are being carefully positioned into the concrete foundations during the pouring process. Once the concrete has been properly cured, the equipment structures and support frames will be assembled and installed onto the new foundations.
Fanie Barnard, and Gratomic’s Aukam team have begun work on the installation of rebar and pouring of concrete on all required foundations. The rotary dryer foundation is the first equipment foundation being poured on the expansion of the Company’s Graphite Processing Plant. The custom built rotary dryer consists of 6 steel frames, a dryer inlet frame, inlet support frame, main support frame, outlet frame, drive frame and motor-gearbox frame.
The mounting frames and rotary dryer will be installed and mounted once the concrete foundation has cured. The drive motor assembly and final hookups to the unit will then be completed, tested and calibrated upon plant commissioning. At 39 feet long and a drying capacity of 5 tonnes per hour, the rotary dryer will play a key role in the final processing phase of generating high quality graphite concentrate from Aukam.
The Company would like to provide an additional update on the progress made by the local masonry crew from Aus (see press release November 9th, 2020). The crew has now completed the construction work on the base frame of the water filtration and deionization unit.
Workers have completed the excavation work on the processing plant’s settling reservoir. The excavation has been completely lined with a black plastic liner to prevent seepage of water. Concrete pouring of the foundation started this morning and has subsequently been completed. Workers will now start pulling up the six tier overflow settling reservoir walls which will be plastered with a chemical and water tight seal to further minimize seepage. When completed the reservoir will be filled with water and left to cure for 21 days allowing the cement to cure.
Gratomic would also like to provide an update on the graphite flotation circuit. Company workers recently disassembled and removed the components from the pilot processing facility. This equipment was utilized to generate the data sets required to engineer the 20,000 tonne per year processing facility at Aukam. The new mixing tanks and vertical flotation columns were manufactured by Pro Edge Steel and will be installed on the existing sump that was utilized for the pilot facility. The sump was originally designed to a size that will allow it to fully contain all the water from the new six commercial sized columns with a minimum free board of 4 feet, if all of them were to fail at the same time. This is another great example of the Company’s capability to plan ahead for future development and make sure it is doing its part to sustain the environment in which it is working.
The Company wishes to advise that C.B Burger engineering has completed manufacturing the Material Hopper and Graphite Concentrate Chipper. The material hopper and chipper were designed by the company’s engineering team alongside the manufacturing team from South Africa, C.B Burger Engineering. We would like to thank our Chief on-site geologist, Corne Coetser, for his agility in taking on this part of the processing plant and organizing the execution and build of these vital pieces of equipment.
The company designed the Material Hopper to hold up to 80 tonnes of graphite material and to act as a buffer to keep the processing plant running for up to 1 and a half days without flow disruption during maintenance. The Hopper will be fed continuously by the already constructed crushing and screening circuit of the processing plant. The material hopper was designed to feed directly into the rod mill with a horizontal screw conveyor using a VSD (variable speed drive) to control the material fed into the rod mill.
The custom designed Graphite Concentrate Chipper which will be fed by the filter press, is made from stainless steel to prevent any contamination of the Company’s final product. The chipper has a capacity to handle up to 2.7 tonnes per hour of graphite concentrate that will feed directly into a supply hopper for the rotary dryer. With these last two equipment components completed and en-route to site, Gratomic is pleased to advise that all components for the Aukam custom built processing plant are now manufactured and assembly will be completed over the upcoming weeks.
“With multiple skilled crews now working on-site, we could not be more proud of the progress being made on our custom designed processing plant. We would also like to thank our very supportive shareholders and investors, who have given Gratomic the opportunity to bring the Aukam graphite deposit back to life.” says President and CEO, Arno Brand.
“The custom built plant, carefully designed to optimize the processing of the unique material we expect to obtain from the Aukam deposit, is one of the Company’s best competitive advantages,” says COO & Head of Graphite Marketing and Sales, Armando Farhate.
About Gratomic Inc.
Established in 2014, Gratomic is an advanced materials company focused on low-cost mine to market commercialization of carbon-neutral, Eco-friendly, high purity vein graphite and is set to become a key player in EV and Renewable Resource supply chains. Gratomic Inc. is a leader among peers, anticipating full operational capabilities in late 2020 and aiming to transition to an open pit operation as early as the end of 2021.
Gratomic is in the process of solidifying its development plans for micronization and spheronization of its clean Aukam graphite. This significant milestone is a small, additional step in the Company’s existing Eco-friendly processing cycle and will allow its naturally high purity graphite to meet ideal North American battery grade standards for use in Li-ion battery anodes.
The Company promises to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. The tracking will begin at Aukam and will be verified at every stage during transport.
Two off-take purchase agreements are currently held for lump-vein graphite sourced from Gratomic’s Aukam Graphite Project in Namibia, Africa. Fulfillment of the contracts is slated to begin in 2021. The agreements exist with TODAQ and Phu Sumika.
TODAQ is an innovative tech company and will partner with Gratomic on its mine-to-market commodity tracking.
Phu Sumika is a large global graphite supplier to battery and lubrication companies.
Gratomic Inc. is listed on the TSX Venture Exchange under the symbol GRAT.
For more information: visit the website at www.gratomic.ca or contact:
Arno Brand at abrand@gratomic.ca or 416 561-4095
“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
Risk Factors
No mineral resources, let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam Property. The Company is not in a position to demonstrate or disclose any capital and/or operating costs that may be associated with the processing plant.
The Company advises that it has not based its production decision on even the existence of mineral resources let alone on a feasibility study of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit.
Historically, such projects have a much higher risk of economic and technical failure. There is no guarantee that production will begin as anticipated or at all or that anticipated production costs will be achieved.
Failure to commence production would have a material adverse impact on the Company’s ability to generate revenue and cash flow to fund operations. Failure to achieve the anticipated production costs would have a material adverse impact on the Company’s cash flow and future profitability
Steve Gray, P. Geo. and a Director of the Company has reviewed and approved the scientific and technical information in this press release and is the Company’s “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
FORWARD LOOKING STATEMENTS:
This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com
accesswire.com/617738/Concrete-Expert-Arrives-on-Site-to-Complete-Final-Phase-of-Construction-on-Aukam-Processing-Plant
Concrete Expert Arrives on Site to Complete Final Phase of Construction on Aukam Processing Plant
Friday, November 20, 2020 12:28 PM
Share this article now
Topic:
Company Update
TORONTO, ON / ACCESSWIRE / November 20, 2020 / Gratomic Inc. ("GRAT" or the "Company") (TSXV:GRAT)(OTC Pink:CBULF)(FRANKFURT:CB81)(WKN:A143MR) is pleased to announce the arrival of Fanie Barnard to its Aukam Graphite project in Namibia. Mr Barnard has been appointed to complete onsite construction and oversee the concrete work on the Aukam Graphite processing plant which is expected to be completed by the end of this month.
Mr Barnard has steel and concrete experience on previous projects with many high-profile companies including Glencore and Anglo American. He has been tasked to supervise rebar and baseplate installations and the pouring of concrete foundations. Fanie Barnard is leading the final phase of foundation construction for the Rotary Drier, Filter Press, Cyclone, Material Hopper, Material Thickener Tank and Product Thickener Tank.
Gratomic would also like to report that a local company, Pro Edge Steel, in Keetmanshoop is responsible for designing and supplying various structural base plates and steel frames. Pro Edge has delivered the first order of steel structures to the Aukam Processing site and we expect further delivery of the steel frames in short order.
Excavation work for the multiple foundations on site was completed in late October. In total, Company employees excavated approximately 414 tonnes of material. This work will accommodate the multiple tanks and final pieces of equipment for the Company's custom designed Graphite Processing Plant with a design capacity of 20,000 tpa. The Processing Plant has been designed on a modular basis with an over-engineered front and back end to accommodate easy future expansion through the inclusion of added columns and mixing tanks.
With excavation work completed on Aukam, the team has begun installing concrete forms and rebar in preparation for the final construction phase. The structural base plates and hold-down bolts are being carefully positioned into the concrete foundations during the pouring process. Once the concrete has been properly cured, the equipment structures and support frames will be assembled and installed onto the new foundations.
Fanie Barnard, and Gratomic's Aukam team have begun work on the installation of rebar and pouring of concrete on all required foundations. The rotary dryer foundation is the first equipment foundation being poured on the expansion of the Company's Graphite Processing Plant. The custom built rotary dryer consists of 6 steel frames, a dryer inlet frame, inlet support frame, main support frame, outlet frame, drive frame and motor-gearbox frame.
The mounting frames and rotary dryer will be installed and mounted once the concrete foundation has cured. The drive motor assembly and final hookups to the unit will then be completed, tested and calibrated upon plant commissioning. At 39 feet long and a drying capacity of 5 tonnes per hour, the rotary dryer will play a key role in the final processing phase of generating high quality graphite concentrate from Aukam.
The Company would like to provide an additional update on the progress made by the local masonry crew from Aus (see press release November 9th, 2020). The crew has now completed the construction work on the base frame of the water filtration and deionization unit.
Workers have completed the excavation work on the processing plant's settling reservoir. The excavation has been completely lined with a black plastic liner to prevent seepage of water. Concrete pouring of the foundation started this morning and has subsequently been completed. Workers will now start pulling up the six tier overflow settling reservoir walls which will be plastered with a chemical and water tight seal to further minimize seepage. When completed the reservoir will be filled with water and left to cure for 21 days allowing the cement to cure.
Gratomic would also like to provide an update on the graphite flotation circuit. Company workers recently disassembled and removed the components from the pilot processing facility. This equipment was utilized to generate the data sets required to engineer the 20,000 tonne per year processing facility at Aukam. The new mixing tanks and vertical flotation columns were manufactured by Pro Edge Steel and will be installed on the existing sump that was utilized for the pilot facility. The sump was originally designed to a size that will allow it to fully contain all the water from the new six commercial sized columns with a minimum free board of 4 feet, if all of them were to fail at the same time. This is another great example of the Company's capability to plan ahead for future development and make sure it is doing its part to sustain the environment in which it is working.
The Company wishes to advise that C.B Burger engineering has completed manufacturing the Material Hopper and Graphite Concentrate Chipper. The material hopper and chipper were designed by the company's engineering team alongside the manufacturing team from South Africa, C.B Burger Engineering. We would like to thank our Chief on-site geologist, Corne Coetser, for his agility in taking on this part of the processing plant and organizing the execution and build of these vital pieces of equipment.
The company designed the Material Hopper to hold up to 80 tonnes of graphite material and to act as a buffer to keep the processing plant running for up to 1 and a half days without flow disruption during maintenance. The Hopper will be fed continuously by the already constructed crushing and screening circuit of the processing plant. The material hopper was designed to feed directly into the rod mill with a horizontal screw conveyor using a VSD (variable speed drive) to control the material fed into the rod mill.
The custom designed Graphite Concentrate Chipper which will be fed by the filter press, is made from stainless steel to prevent any contamination of the Company's final product. The chipper has a capacity to handle up to 2.7 tonnes per hour of graphite concentrate that will feed directly into a supply hopper for the rotary dryer. With these last two equipment components completed and en-route to site, Gratomic is pleased to advise that all components for the Aukam custom built processing plant are now manufactured and assembly will be completed over the upcoming weeks.
"With multiple skilled crews now working on-site, we could not be more proud of the progress being made on our custom designed processing plant. We would also like to thank our very supportive shareholders and investors, who have given Gratomic the opportunity to bring the Aukam graphite deposit back to life." says President and CEO, Arno Brand.
"The custom built plant, carefully designed to optimize the processing of the unique material we expect to obtain from the Aukam deposit, is one of the Company's best competitive advantages," says COO & Head of Graphite Marketing and Sales, Armando Farhate.
About Gratomic Inc.
Established in 2014, Gratomic is an advanced materials company focused on low-cost mine to market commercialization of carbon-neutral, Eco-friendly, high purity vein graphite and is set to become a key player in EV and Renewable Resource supply chains. Gratomic Inc. is a leader among peers, anticipating full operational capabilities in late 2020 and aiming to transition to an open pit operation as early as the end of 2021.
Gratomic is in the process of solidifying its development plans for micronization and spheronization of its clean Aukam graphite. This significant milestone is a small, additional step in the Company's existing Eco-friendly processing cycle and will allow its naturally high purity graphite to meet ideal North American battery grade standards for use in Li-ion battery anodes.
The Company promises to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. The tracking will begin at Aukam and will be verified at every stage during transport.
Two off-take purchase agreements are currently held for lump-vein graphite sourced from Gratomic's Aukam Graphite Project in Namibia, Africa. Fulfillment of the contracts is slated to begin in 2021. The agreements exist with TODAQ and Phu Sumika.
TODAQ is an innovative tech company and will partner with Gratomic on its mine-to-market commodity tracking.
Phu Sumika is a large global graphite supplier to battery and lubrication companies.
Gratomic Inc. is listed on the TSX Venture Exchange under the symbol GRAT.
For more information: visit the website at www.gratomic.ca or contact:
Arno Brand at abrand@gratomic.ca or 416 561-4095
Subscribe to the link below to receive news and updates
https://gratomic.ca/contact/
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Risk Factors
No mineral resources, let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam Property. The Company is not in a position to demonstrate or disclose any capital and/or operating costs that may be associated with the processing plant.
The Company advises that it has not based its production decision on even the existence of mineral resources let alone on a feasibility study of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit.
Historically, such projects have a much higher risk of economic and technical failure. There is no guarantee that production will begin as anticipated or at all or that anticipated production costs will be achieved.
Failure to commence production would have a material adverse impact on the Company's ability to generate revenue and cash flow to fund operations. Failure to achieve the anticipated production costs would have a material adverse impact on the Company's cash flow and future profitability
Steve Gray, P. Geo. and a Director of the Company has reviewed and approved the scientific and technical information in this press release and is the Company's "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
FORWARD LOOKING STATEMENTS:
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com.
SOURCE: Gratomic Inc.
https://investingnews.com/news/emerging-tech-investing/gratomic-signs-agreement-to-acquire-remaining-37-interest-in-aukam-property/
Gratomic Signs Agreement to Acquire Remaining 37% Interest in Aukam Property
Investing News Network - November 19th, 2020
gratomic logo
Gratomic Inc. is pleased to report that it has entered into a definitive agreement with Next Graphite, Inc. for the acquisition of NextG’s 37% interest in Gazania 242 Pty Ltd. the Namibian company which holds the licenses on the Aukam property . The Agreement was dated November 12, 2020 and executed on November 16, 2020. The parties negotiated an amendment to the Agreement dated November 16, 2020 which was executed …
Gratomic Inc. (“GRAT” or the “Company”) (TSXV:GRAT)(OTC PINK:CBULF)(FSE:CB81)(WKN:A143MR) is pleased to report that it has entered into a definitive agreement (the “Agreement”) with Next Graphite, Inc. (“NextG”), for the acquisition of NextG’s 37% interest (the “Interest”) in Gazania 242 Pty Ltd. (the “Acquisition”), the Namibian company which holds the licenses on the Aukam property (“Aukam”). The Agreement was dated November 12, 2020 and executed on November 16, 2020. The parties negotiated an amendment to the Agreement dated November 16, 2020 which was executed on November 19, 2020. Upon completion of the acquisition, Gratomic will hold 100% of the rights and interests in the Aukam Mining License (ML215) and exploration License (EPL 3895
Arno Brand, President and CEO commented, “It has been a pleasure working with Cliff Bream and his team at Next Graphite over the years and I look forward to continuing a strategic business relationship and building a strong future for Aukam together.”
In consideration for the Interest, Gratomic will, upon closing of the Acquisition (the “Closing“), issue 18,986,188 common shares (the “Escrowed Shares“), valued at $0.14 per share, and 2,272,727 common shares (the “Additional Shares” and collectively with the Escrowed Shares, the “Consideration Shares“)) in the capital of Gratomic (the “Common Shares“). Additionally, Gratomic has agreed to honour its previous contractual condition to provide NextG with US$500,000 from the first US$1,000,000 of net revenue generated from sales of graphite from the Aukam property pursuant to the issuance of the Additional Shares and the agreement to pay US$250,000 (the “Revenue Amount“). In the event the Revenue Amount is not paid in full by the 12-month anniversary of the Closing (the “Due Date“), then any outstanding Revenue Amount will be settled by the issuance to NextG of that number of common shares (the “Settlement Shares“) as is arrived at by dividing the then outstanding Revenue Amount by the closing price of the Common Shares on the first trading day following the Due Date, less the maximum discount allowed by the rules of the TSX Venture Exchange (“TSXV“).
The Consideration Shares will be issued to third parties and NextG shareholders (the “NG Recipients“), as directed by NextG, upon condition that no such issuance will result in any such recipient holding more than 9.9% of the Common Shares of Gratomic post issuance. The Escrowed Shares will be subject to an 18-month escrow subject to a release of 1/3 of the original balance every 6 months, pro rata, and the Additional Shares will be subject to an 12-month escrow and shall be released from escrow, pro rata, on the Due Date.
Gratomic has also granted the NG Recipients a right to participate in any future financings of Gratomic at the same price as any other participants on a pro rata basis to its percentage holding in Gratomic (calculated on the basis of the number of Consideration Shares remaining in Escrow) at the time of any such fundraise (calculated on a non-dilutive basis).
The Acquisition (including the issuance of the Consideration Shares and Additional Shares, if any) is subject to the fulfillment of certain conditions precedent as are customary for transactions of this size including the approval of the TSXV.
Cliff Bream, President and CEO of Next Graphite said, “we feel that combining the interests in Aukam will optimize the potential of Aukam and allow the shareholders of NextG to participate in the success of Gratomic. Many of us in the two companies have worked together for years, and we have great confidence that Gratomic will be successful with the Aukam project”.
About Gratomic Inc.
Established in 2014, Gratomic is an advanced materials company focused on low-cost mine to market commercialization of carbon-neutral, Eco-friendly, high purity vein graphite and is set to become a key player in EV and Renewable Resource supply chains. Gratomic Inc. is a leader among peers, anticipating full operational capabilities in late 2020 and aiming to transition to an open pit operation as early as the end of 2021.
Gratomic is in the process of solidifying its development plans for micronization and spheronization of its clean Aukam graphite. This significant milestone is a small, additional step in the Company’s existing Eco-friendly processing cycle and will allow its naturally high purity graphite to meet ideal North American battery grade standards for use in Li-ion battery anodes.
The Company promises to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. The tracking will begin at Aukam and will be verified at every stage during transport.
Two off-take purchase agreements are currently held for lump-vein graphite sourced from Gratomic‘s Aukam Graphite Project in Namibia, Africa. Fulfillment of the contracts is slated to begin in 2021. The agreements exist with TODAQ and Phu Sumika.
TODAQ is an innovative tech company and will partner with Gratomic on its mine-to-market commodity tracking.
Phu Sumika is a large global graphite supplier to battery and lubrication companies. Gratomic Inc. is listed on the TSX Venture Exchange under the symbol GRAT.
For more information: visit the website at www.gratomic.ca or contact:
Arno Brand at abrand@gratomic.ca or 416 561-4095
Subscribe to the link below to receive news and updates
https://gratomic.ca/contact/
“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
FORWARD-LOOKING STATEMENTS:
This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com.
Followers
|
14
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
138
|
Created
|
05/31/18
|
Type
|
Free
|
Moderators |
Established in 2014, Gratomic is focused on introducing carbon-neutral, eco-friendly, high purity vein graphite to the global Electric Vehicle and Energy Storage supply chains. Gratomic is anticipating full operational capabilities in 2021.
Gratomic is in the process of solidifying its plans for the micronization, spheronization, and coating of its Aukam vein graphite. This significant milestone is a small, additional step in the Company's proposed eco-friendly processing cycle and is intended to allow it to meet ideal battery grade standards for use in Li-ion battery anodes. The Company's recent collaboration agreement with Forge Nano has advanced developments on its graphite finalization phase.
Forge Nano is a global leader in surface engineering and precision nano-coating technology, using Atomic Layer Deposition. Forge Nano's proprietary technology and manufacturing processes make angstrom-thick coatings fast, affordable and commercially viable for a wide range of materials, applications and industries. Forge Nano's suite of ALD and PALD products and services covers the full spectrum from lab-scale tools to commercial-scale manufacturing systems.
GRAT plans to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. The tracking will begin at Aukam and will be verified at every stage during transport.
Two off-take purchase agreements are currently held for lump-vein graphite sourced from Gratomic's Aukam Graphite Project in Namibia, Africa. Fulfillment of the contracts is anticipated to begin in 2021. The agreements exist with TODAQ and Phu Sumika.
TODAQ is an innovative deeptech company that can containerize assets, transactions & markets, and will partner with Gratomic on its mine-to-market commodity tracking and trading. Containerized assets are verifiably unique, keep an immutable record of who has owned them, have embedded smart logic, can be transferred P2P, and are interoperable with any system. Asset owners enjoy stronger ownership control, value retention when trading, and ability to prove authenticity in seconds.
Phu Sumika is a large global graphite supplier to battery and lubrication companies.
Gratomic Inc. is listed on the TSX Venture Exchange under the symbol GRAT, on the OTCQX under the symbol CBULF and on the Frankfurt Exchange under the symbol CB82.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |