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Aukam Processing Plant Video.
#TeamGRAT is making rapid progress on the final stages of commissioning at Aukam!
— Gratomic TSX.V: GRAT | OTCQX:CBULF | CB82.F (@GratomicInc) February 25, 2022
Yesterday, the team tested the full crushing circuit capabilities by performing a material dry-run.
It was a resounding success!$GRAT $CBULF #GotGraphite #CriticalMinerals #EVBattery pic.twitter.com/zyPOX5mtC0
Production Plant looks almost ready to go!
Have a look at a video released by equity holding @GratomicInc (TSX-V: GRAT) of their crushing circuit at their Aukam property in Namibia, Africa.
— Zimtu Capital Corp. (@Zimtu) February 28, 2022
Stay tuned for more updates.#GRAT #GratomicInc pic.twitter.com/Pb1FB46mKj
Setup for another big run. Production at Aukam can happen at anytime. Going to be an interesting 2022.
Should be a fun year
Momentum suggests something is brewing.
Took a position here. Timing is everything.
Looking forward to the coming months with possible TLD.
Gratomic Acquires Remaining 37% Interest in Aukam Property
TORONTO, ON / ACCESSWIRE / July 29, 2021 / Gratomic Inc. ("GRAT" or the "Company") (TSXV:GRAT)(OTCQX:CBULF)(FRA:CB82) is pleased to announce that, further to its Press Release of June 29, 2021, the Company has acquired the remaining 37% interest (the "Interest") in Gazania Investments Two Hundred and Forty Two (Proprietary) Limited (the "Acquisition"), the Namibian company which holds the licenses on the Aukam property ("Aukam") pursuant to a definitive agreement (the "Agreement") with Next Graphite, Inc. ("NextG"). Gratomic now holds 100% of the rights and interests in the Aukam Mining License (ML215) and exploration License (EPL 3895). As part of the transaction, Cliff Bream, President and CEO of NextG, has been appointed to the Board of Directors of Gratomic, subject to TSXV approval, and Lynne Brand has resigned as a director to facilitate the appointment of Cliff Bream as a director.
Arno Brand, President and CEO commented, "We are very pleased to have acquired the remaining 37% interest in the Aukam project. On behalf of the Board of Directors of Gratomic, I would like to welcome Cliff Bream to the Board. I look forward to working with Cliff to continue a strategic business relationship and build a strong future for Aukam together. I would also like to thank Lynne Brand for her service to the Company as a director."
In consideration for the Interest, Gratomic issued 18,986,188 common shares (the "Escrowed Shares"), 2,272,727 common shares (the "Additional Shares") and a further 4,500,000 common shares (the "Dilution Shares") for an an aggregate of 25,758,915 common shares (the "Consideration Shares") in the capital of Gratomic to NextG and ten (10) shareholders of NextG (the "NG Recipients") and paid $100,000 in cash to NextG. Additionally, Gratomic 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 July 29, 2022 (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 TSXV. As part of the closing, NextG delivered a promissory note to Gratomic in the amount of US$71,752 (the "Promissory Note") in respect of certain expenses owed by NextG to Gratomic. The Promissory Note bears interest at 10% per year and is due and payable on February 28, 2022, failing which, it bears default interest of 11% per annum. If the Promissory Note is not paid when due, Gratomic has the right to set off the principal amount of the Promissory Note plus accrued interest against the Revenue Amount.
The Consideration Shares issued to NextG and the NG Recipients are subject to a hold period expiring on November 30, 2021 and are subject to the provisions of an Escrow Agreement dated July 29, 2021. The Escrowed Shares and the Dilution Shares are subject to an 18-month escrow with a release of 1/3 of the original balance every 6 months, pro rata, and the Additional Shares are subject to a 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 their 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).
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".
View source version on accesswire.com:
https://www.accesswire.com/657714/Gratomic-Acquires-Remaining-37-Interest-in-Aukam-Property
Gratomic Signs Letter of Intent to Acquire 100% Interest in Brazilian Graphite Exploration Project
TORONTO, ON / ACCESSWIRE / August 13, 2021 / Gratomic Inc. ("Gratomic", "GRAT" or the "Company") (TSXV:GRAT)(OTCQX:CBULF)(Frankfurt:CB82) is pleased to announce that the Company has entered into a letter of intent with Zumbi Mineração Brazil ("Zumbi") and the shareholders of Zumbi (collectively the "Vendors") for the acquisition of 100% of the rights and interests in and to the "Capim Grosso Property" (the "Acquisition") comprising mineral claim 870.180/2012 (426.03 Ha) located in Capim Grosso, BA, Brazil (the "Target Property").
In consideration for a 100% interest in the Target Property, Gratomic will, upon closing of the Acquisition (the "Closing"): (i) make a one-time cash payment equal to CAD $ 200,000; (ii) issue that number of common shares ("Common Shares") in the capital of GRAT (the "Subject Shares"), as is equal to the number arrived at by dividing CAD$2,300,000 by the price per Common Share at the date of the execution of the definitive agreement relating to the Acquisition; and (iii) issue a promissory note in the amount of CAD$3,000,000 payable on the earlier to occur of: (a) that date which is twenty (24) months after Closing; and (b) ten (10) business days after the receipt by GRAT of a pre-feasibility study in respect of the Target Property completed in accordance with and pursuant to National Instrument 43-101 "Standards of Disclosure for Mineral Projects". The Subject Shares will be issued as directed by the Vendors and will be subject to a four month and one day hold period from the Closing.
The Vendors will also retain a 3% gross smelter return royalty (the "Royalty") in respect of all minerals processed from the Target Property, other than graphite, on the terms and conditions set forth in a gross smelter royalty agreement, which shall contain the usual covenants, agreements, terms and conditions for a royalty agreement (the "Royalty Agreement"). The Royalty will be reduced by any pre-existing net smelter royalties in respect of the Target Property.
Acquiring the Brazilian graphite project provides Gratomic the opportunity to diversify the Company's interests and develop the graphite deposit at the Capim Grosso project. This strategically positions the Company to better meet growing demand for high quality graphite and provides a significant competitive advantage by limiting risk through business development in several key mining friendly jurisdictions.
The Capim Grosso graphite project is located within the São Francisco Craton (SFC). The SFC is a tectonic domain surrounded by Neoproterozoic orogens. Its southern sector is composed by Archean crust, with age between 3.5 and 2.6 Ga, that is formed mostly by granite-gneisses and greenstone belts constituted by mafic-ultramafic, intermediate-felsic volcanic and volcanoclastic rocks with terrigenous sediments. Graphite at Capim Grosso is set within NW-SE striking ultramafic units.
The Vendors of the project have completed three preliminary drillholes and 10 shallow trenches over a 1 km part of the mineralisation. Assay results show total graphitic carbon (TGC) of between 6.79 % TGC over 2.5 m to 20.95 % TGC over 2.4 m in surface trenching. Drilling results of 26.47 % TGC over 1 m have been obtained. While the QP has visited the sites, assays have not been verified and true mineralisation widths have not yet been obtained.
Immediately following Closing, Gratomic will commence a trenching program to generate further geological information and plan future drilling. The Company has collected verification samples on the property and has sent these to SGS Geosol Brazil for umpire analysis. These form part of the prequalification conditions to conclude the transaction.
Arno Brand, President and CEO commented, "Obtaining the Capim Grosso Project will serve as our base in Brazil, the largest graphite producer outside of China, as we plan to expand operations. The Company has reviewed projects all around the world and considers Zumbi to be one of the most promising."
Armando Farhate, COO & Head of Graphite Marketing and Sales stated, "Bringing Gratomic to my home country has a touch of personal satisfaction to me. Having worked for the largest and most traditional graphite producer in the country gives me the required experience to support Gratomic on this very strategic move towards becoming a key player in the graphite world."
The Acquisition is subject to satisfactory completion of a due diligence review of Zumbi and the Target Property by Gratomic, the determination of the appropriate structure of the Acquisition and execution of a definitive agreement relating to the Acquisition. The Acquisition (including the issuance of the Subject Shares) is subject to the fulfillment of certain conditions precedent as are customary for transactions of this nature including the approval of the TSX Venture Exchange.
Nico Scholtz is a consulting geologist and has reviewed and approved the scientific and technical information in this news release. Mr. Scholtz is a registered Professional Natural Scientist with the South African Council for Natural Scientific Professions (Pr. Sci. Nat. No. 400299/07). Mr. Scholtz 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.
View source version on accesswire.com:
https://www.accesswire.com/659680/Gratomic-Signs-Letter-of-Intent-to-Acquire-100-Interest-in-Brazilian-Graphite-Exploration-Project
Gratomic to Trade Graphite on TM2 Metals Exchange
First Canadian company to be listed on the world's first Technology Metals Market
TORONTO, ON / ACCESSWIRE / June 30, 2021 / Gratomic Inc. ("GRAT" or the "Company") (TSXV:GRAT)(OTCQX:CBULF)(FRANKFURT:CB82) has officially announced it will soon begin trading graphite on the metals exchange platform Technology Metals Market ("TM2") . Gratomic continues the development of its M97 graphite product and the commissioning of its Aukam processing plant as scheduled. M97 is a versatile and customizable graphite product, which can be used for various applications. After development has been completed on M97 and the Aukam facility has completed commissioning, the Company will begin supplying the aforementioned product to TM2 for the purpose of commodity trading. This pioneering move, positioning graphite as a publicly screen traded commodity, gives the Company a distinct competitive advantage.
TM2 has just officially launched the world's first technology metals marketplace in partnership with NASDAQ, providing access to the high-value metals that power technology globally, in a secure and efficient venue with strict regulation and governance. In addition to increasing the asset classes available to investors, the platform brings transparency to scarce and illiquid metals, institutionalizing trading, pricing and volumes on the global metals market.
The TM2 platform is open for institutional investors and also enables trading access for individual investors through broker partners. Technology metals are fundamentally irreplaceable inputs to 21st century supply chains and critical to the future of sustainable energy applications, electric vehicles, aerospace and robotics.
Gratomic is currently developing and testing an exclusive product established for TM2. Product M97 is high quality vein graphite, ideal for various applications and can be adapted and customized by end users in Lithium-Ion battery applications based on specific OEM requirements. M97 is currently undergoing testing and will not be publicly traded until the metals exchange is satisfied with the final quality of the product, have accepted the product for exchange and sufficient quantities of the product exist for trading. Gratomic is looking forward towards the long-term benefits of this venture.
TM2 is based in London, with a global network of offices and partner organizations across five continents. All metals are 100% physically backed and investors have direct title to the underlying physical metal and control their investment through the TM2 platform. A rapidly expanding custodian network across the globe with over 100 locations enables the metals to be listed and traded directly, or redeemed.
While Gratomic has yet to begin trading, becoming a part of this cutting-edge platform helps to build a strong foundation for the Company in terms of direct commodity trading. Gratomic emphasizes that no Preliminary Economic Analysis ("PEA"), Preliminary Feasibility Study or Feasibility Study has been completed to support any level of production. No mineral resources, or mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam property.
Gratomic wishes to emphasize that the supply of graphite to trade on the metals exchange 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. Gratomic continues to move its business towards production and as part of its business plan, expects to obtain a National Instrument 43-101 Standards of Disclosure for Mineral Projects technical report to help it ascertain the economics of the Aukam project.
https://www.accesswire.com/653435/Gratomic-Finalizes-Agreement-to-Acquire-Remaining-37-Interest-in-Aukam-Property
Gratomic Finalizes Agreement to Acquire Remaining 37% Interest in Aukam Property
TORONTO, ON / ACCESSWIRE / June 29, 2021 / Gratomic Inc. ("GRAT" or the "Company") (TSXV:GRAT)(OTCQX:CBULF)(FRANKFURT:CB82) is pleased to announce that the Company has finalized the terms of a definitive agreement (the "Agreement") with Next Graphite, Inc. ("NextG") for the acquisition of NextG's 37% interest (the "Interest") in Gazania Investments Two Hundred and Forty Two (Proprietary) Limited (the "Acquisition"), the Namibian company which holds the licenses on the Aukam property ("Aukam"). The Agreement dated November 12, 2020, as amended November 16, 2020, January 25, 2021 and May 26, 2021 provides that 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). The TSX Venture Exchange ("TSXV") has conditionally approval the Acquisition.
Arno Brand, President and CEO commented, "It has been a pleasure working with Cliff Bream and his team at Next Graphite to finalize this Agreement. 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"), 2,272,727 common shares (the "Additional Shares") and a further 4,500,000 common shares (the "Dilution Shares") for an aggregate of 25,758,915 common shares (the "Consideration Shares") in the capital of Gratomic to NextG and ten (10) shareholders of NextG (the "NG Recipients") and pay $100,000 in cash on closing to NextG. 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 TSXV.
The Consideration Shares will be issued to NextG and the NG Recipients on closing and held in escrow. The Escrowed Shares and the Dilution 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 a 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 their 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). On the closing of the Acquisition, Cliff Bream will be appointed to the Board of Directors of Gratomic, subject to TSXV approval.
The Acquisition (including the issuance of the Consideration Shares) is subject to the fulfillment of certain conditions precedent as are customary for transactions of this size including the final 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.??
Gratomic?is focused on?introducing an exceptional anode material to the global electric vehicle and energy storage supply chains.?The Company?aims to achieve full operational capabilities in 2021, with further plans to take its Aukam Graphite Project fully solar by 2022.? Large quantities of its naturally high-quality graphite have been shipped for testing to confirm its viability as an anode material. Gratomic is confident that the results will provide a unique competitive advantage in its desired target markets.
The Company's recent collaboration agreement with Forge Nano has advanced the developments on its graphite finalization phase for?the?micronization,?spheronization, and the patented ALD coating?of its Aukam vein?graphite for use in lithium-ion batteries. Forge Nano is?a?global leader in surface engineering and precision nano-coating technology, using Atomic Layer?Deposition.
GRAT has two outstanding off-take purchase agreements with TODAQ and Phu Sumika with contract fulfillment slated to begin in 2021.??Gratomic?plans to deliver mine-to-market traceability through its partnership with deeptech company TODAQ by providing documented tracking on all graphite generated at its flagship?Aukam?Graphite Project.
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.
ForgeNano ASE Summit starts on Wednesday.
https://www.forgenano.com/ase/
Another green day for Gratomic. Approaching all time highs again
Surprised this isn't getting as much attention as some other companies. SP continuing to rise.
Approaching the end of the month. Can't be much time before a news release imo.
Any day now the mine can go into comissioning with many other catalysts. Keep this one close on the radar.
Should be able to see the documents on OTC markets soon.
Selling pressure decreasing imo. Company cashing a lot of warrants the past few months. DEBT FREE
Won't be dead for much longer imo.
Back in TXTM.
Gap has been filled imo. Going current would be huge.
Gratomic Becomes Debt Free
Start of a giant run imo. Being debt free and weeks away from becoming a producing mine is a huge de-risking factor imo.
Should start to see this move up again imo.
News Update Friday?????
Lets have a nice power hour to close the day out green.
Congrats! We have stuck this out for years. Happy for all the longs.
Not a bad start to the week hahahahaha
Experts agree that graphite is the only viable option for #evbatteryanodes for the foreseeable future and #Gratomic's #Aukam #Vein #Graphite is the the #cleangraphite option for battery manufacturers today.https://t.co/EaBOqmRj7w$GRAT $CBULF #GratomicForABetterFuture pic.twitter.com/nOjlzBrf9j
— Gratomic TSX.V: GRAT | OTCQX:CBULF | CB82.F (@GratomicInc) February 4, 2021
The LOI with RSAMMD does state the extraction technology can be licensed out to the US. Maybe the GM Pharma deal has allowed TXTM to make an agreement.
Hopefully we see something positive in regards of a news update.
Free shares for me riding on this one.
Congrats. You have had a lot of negative things to say about TXTM stock.
"Lets see what happens" is the most positive thing I have heard from your posts.
A news catalyst here can send it to .01 imo
On to 14ssss
Aftermarket news release maybe?
About to see the next runner of 2021!
Thanks! Here is a link to a preview of interview this weekend.
https://www.newsfilecorp.com/release/73626
News?
10s are getting chewed up