jumpstart3
3年前
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
jumpstart3
3年前
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
jumpstart3
3年前
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.
jumpstart3
3年前
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.
oliverhugo
4年前
https://www.accesswire.com/648081/Gratomic-Appoints-New-Director
Gratomic Appoints New Director
Wednesday, May 19, 2021 8:00 AM
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Topic:
Company Update
TORONTO, ON / ACCESSWIRE / May 19, 2021 / Gratomic Inc. ("Gratomic", "GRAT" or the "Company") (TSXV:GRAT)(OTCQX:CBULF)(FRA:CB82) is pleased to announce the appointment of Bruno Baillavoine to the Company's Board as an Independent Director.
The Company is pleased to welcome Bruno to its Board of Directors and expects his appointment to be a positive addition due to his extensive experience in the financial sector. Bruno currently works with Pericles Group out of the UK in several key positions. He is an Independent Director for Cel-Sci, a leading cancer treatment research center. Bruno is also a shareholder and ex-chairman with CleanBay Inc, a company responsible for the development process from project to long-term operation of electricity, nutrient recovery and production of fertilizer plants in the US. Baillavoine is an Entrepreneurial Manager, Strategist, Innovator and Business builder, with a record of creating substantial sustained growth and strong profitability in a broad range of businesses. He is an experienced CEO, Chairman, and Independent Director with successful experience ranging from small companies to large multinationals.
"We look forward to benefiting from Bruno's extensive knowledge and experience. He has a wide breadth of knowledge in finance and business, and we believe he is an exceptional addition to the Board," stated Arno Brand, CEO & President.
About Gratomic
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.
oliverhugo
4年前
https://www.accesswire.com/646699/Gratomic-Announces-New-Director
TORONTO, ON / ACCESSWIRE / May 12, 2021 / Gratomic Inc. ("Gratomic", "GRAT" or the "Company") (TSXV:GRAT)(OTCQX:CBULF)(FRA:CB82) announces that Alex Helmel has resigned as an Independent Director on the Company's Board. Helmel is limiting his work with public companies and has already resigned from several other public company Boards to focus on other business endeavours. Daniel Baard, a finance executive with extensive industry experience, will be stepping into the role of Independent Director for Gratomic.
The Company is pleased to welcome Daniel Baard to the Board of Directors. Baard is an operationally oriented finance executive with extensive experience in logistics, contract mining, finance, administration, and public company accounting in diverse industries. He is a strategic leader with proven ability to streamline operations, impact business growth, and enhance profitability through achievements in finance management, cost and internal controls, productivity, and efficiency improvements. Baard is a CPA (Canada) / ACCA (Fellow, UK) who brings business, financial and analytical acumen to resolve complex problems creatively. He has most recently served as the Chief Investment Officer ("CIO") for the Dukathole Group from December 2018 to May of 2021. He has wide-ranging experience as a CEO, COO and CFO, spanning several impressive projects including Loubster Bulk Services and Southern Seas Advisory Group. Baard is an extremely experienced executive with invaluable insight into the essential operations of Gratomic.
Baard has been granted 400,000 stock options exercisable at $1.25 per share for 5 years vesting over a two-year period. His appointment to the Board of Directors is subject to approval of the TSX Venture Exchange.
"It has been a great experience working with Alex and we wish him all the best in his other endeavours. I have known Daniel Baard for 9 years, including the period he spent working on a vein graphite mine in Sri Lanka, and look forward to working with him" said Arno Brand, CEO and President.
"Tomorrow is only an entry in your calendar, today is the day to get things done," said Daniel Baard, Independent Director.
About Gratomic
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)
oliverhugo
4年前
https://www.accesswire.com/641156/Gratomic-Secures-DTC-Eligibility
Gratomic Secures DTC Eligibility
Monday, April 19, 2021 1:25 PM
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Topic:
Company Update
TORONTO, ON / ACCESSWIRE / April 19, 2021 /?Gratomic?Inc.?("GRAT,"?"Gratomic" or?the "Company") (TSXV:GRAT)(OTCQX:CBULF)(FSE:CB82)?is?pleased to announce that it has secured DTC eligibility on the common shares of the Company, CUSIP 38900X 207 (ISIN CA38900X2077), which are now DTC eligible to facilitate trading, settlement and clearance in the US.
DTC (Depository Trust Company) eligibility allows for trades to be cleared and settled electronically, accelerating the settlement process for investors and brokers and increasing market accessibility for both institutional and retail investors. This can have a positive impact on a stock's liquidity by creating a more desirable turn-around time on clearing of transactions.
"This is a significant achievement and another piece of the puzzle locked solidly in place and bringing value to stakeholders," said Arno Brand, President and CEO.
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
abrand@gratomic.ca
(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).
oliverhugo
4年前
https://www.accesswire.com/639400/Gratomic-Intends-to-Fully-Power-Its-Aukam-Processing-Facility-Through-Solar-Energy-by-2022-Offering-an-Even-Greener-Option-to-the-Global-Electric-Vehicle-Supply-Chain
Gratomic Intends to Fully Power Its Aukam Processing Facility Through Solar Energy by 2022, Offering an Even Greener Option to the Global Electric Vehicle Supply Chain
Thursday, April 8, 2021 8:00 AM
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Topic:
Company Update
TORONTO, ON / ACCESSWIRE / April 8, 2021 / Gratomic Inc. ("GRAT," "Gratomic" or the "Company") (TSXV:GRAT)(OTCQX:CBULF)(Frankfurt:CB82) is proud to announce it is in the research and planning phase of its goal to take its flagship Aukam Graphite Project solar, which will enable the Company's Aukam processing plant to transition from traditional fuel generators to clean, renewable and sustainable solar power. Implementing solar into its already highly energy efficient operations will further reduce the Company's already nearly negligible carbon footprint, which was internally calculated at an estimated 0.8Kg/tonne.
In keeping with its main strategic focus to become a key player in the EV battery market, going solar is an integral part of Gratomic's business plan as well as its initiative to introduce a cleaner, more environmentally friendly anode material to the global EV battery market. The Company is currently in talks with various solar supply companies to better assess their viability and to determine if they are able to fill Gratomic's needs as the solar plant will be a custom facility, designed to accommodate the Aukam Graphite Project's current and future energy requirements.
This transition to solar allows Gratomic to secure its position as a leader of environmentally conscious business practices and demonstrates the ways in which the Company adheres to those practices. By continuing to reduce Gratomic's carbon footprint, the Company shows its dedication and commitment to providing the world with cleaner graphite solutions for the future.
Gratomic looks forward to continuing to develop further green initiatives for its processing facility. The Aukam Graphite Project, while taking a large step by going solar, is already a cornerstone of modern graphite mining environmental awareness. The combined anticipated electrical draw of the Aukam facility currently sits at approximately half a megawatt per hour, compared to three to six megawatts per hour at the average graphite processing operation. Due to the naturally high purity levels and high quality of vein graphite available at the site, Gratomic can also avoid processes such as acid leaching and other chemical treatments. The only treatment required can be accomplished through a water treatment system. The water used for processing the graphite is then recirculated, with an approximated five percent of water being lost in the drying process while the other 95% is reused.
Gratomic's corporate vision is to become a key strategic supplier of clean, environmentally friendly and ethically sourced graphite for the Carbon Age, going solar is a large aspect of that plan and has been a company goal from the beginning.
"As ultimately all of the Earth's energy comes from the sun, we are reducing our carbon footprint by cutting corners and harvesting the energy directly," commented Armando Farhate, COO & Head of Graphite Marketing and Sales
"Gratomic, as a company, is focused on building a sustainable operation in an environmentally friendly manner, so that we can leave a lasting legacy for future generations." stated Arno Brand CEO & President.
About?Gratomic?Inc.?
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.?
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)
oliverhugo
4年前
RETRANSMISSION: Gratomic Engages Forge Nano in Battery Grade Graphite Enhancement Program
Wednesday, March 31, 2021 7:30 AM
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Topic:
Company Update
Invests in Vertical Integration with ALD coating equipment for New Pilot Facility Program
TORONTO, ON / ACCESSWIRE / March 31, 2021 /?Gratomic Inc.?("GRAT", "Gratomic" or the "Company")?(TSXV:GRAT)(OTCQX:CBULF)(FRANKFURT:CB82) is pleased to announce its plans to build a pilot facility (the "Facility") to internally process up to 1,000 tons of SG16 battery grade anode materials for the booming Electronic Vehicle ("EV") battery market in the second half of 2021. This initial pilot facility, if successful (as demonstrated by internal testing), is expected to be followed by the construction of a demonstration facility, which will process up to approximately 2,000 tons per annum beginning in 2022 and up to 20,000 tons per annum once the demonstration facility is converted into a full final production phase. The facility will be located at the Company's owned warehouse located at the Port of Luderitz Bay. While Gratomic completes the development of the pilot facility graphitic material will be shipped to Forge Nano, Inc. ("Forge Nano") for Atomic Layer Deposition ("ALD") coating in preparation for use as a battery anode material. This processing facility will enable the Company to take our raw graphite material to the final stages required for use in a battery anode application.
Forge Nano's ALD coating technology for use in lithium-ion battery anode applications, could result in significant gains in performance to Gratomic's SG16 battery graphite compounds, as per our press release dated October28. The Company has therefore entered into a cooperative agreement with Forge Nano, a leading expert in the field of battery materials (www.forgenano.com), to not only undertake the ALD coating process but also to assist in the planning and development of GRAT's aforementioned processing facility. Battery anode materials generally consists of three stages of processing: micronization, spheronization and coating. Forge Nano specializes in the final coating stage with their patented ALD coating technology. This facility will work in tandem with the Company's Aukam vein graphite project, which is now in its commissioning phase (See Company's press release dated March 29).
Procurement of the equipment system capable of applying ALD coatings for use in the Facility will be released by Forge Nano upon the successful completion of various performance and cost milestones (See "Scope of Collaboration" below).
Gratomic's Ludertiz Bay property covers 6,564 square meters and contains three buildings including a large warehouse, a double garage with six storerooms/workshops and a single garage with two offices and a store-room. The Company intends to use the warehouse for the ALD processing and packaging of its graphite. The property provides Gratomic with waterfront access to the Port of Luderitz and to container facilities, enabling direct delivery to ports in Europe, Asia and North America.
About Forge Nano Inc.
Forge Nano is an innovative and advanced company that brings to the table disruptive technological advancements and proprietary engineering techniques that have the potential to drive the entire Li-ion and graphite industry ahead in new and exciting ways.
The proprietary ALD technology employed by Forge Nano boosts battery performance by enabling li-ion batteries to better withstand higher temperatures and faster cycle rates.
Solutions are custom built for performance and reliability, with their technology enabling angstrom-thick coatings to be applied with unmated precision, consistency, and efficiency. The company's systems apply lean manufacturing principles that enable fast and economical atomic level coatings for a variety of surface engineering practices.
Forge Nano has compiled a comprehensive IP portfolio that provides full benefits to its partners and Licensees for battery applications. The company also has a wide selection of forward-thinking partners, ranging from Volkswagen, Air Liquide, and LG Technology Ventures to Mitsui Kinzoku and SBI Investments.
ALD - Improving Performance at the atomic level
ALD is a surface engineering technique in which chemicals called precursors are applied to a particle or material, applying an angstrom-thick coating one atomic layer at a time. The nano-coating technique uniformly encapsulates particles and objects, leading to pinhole free coatings. This nanometer-thick ceramic coating helps anode-cathode components avoid long term electrode-electrolyte degradation. This helps to lengthen battery life by protecting against high temperatures and fast cycle rates, leading to safer and more versatile EV batteries. These nano-coatings also enable the safe and profitable use of several new high-capacity and high-voltage chemistries that were previously unavailable. The coatings are stable in virtually every environment, help batteries run at faster cycles and disperse heat better, and the coating process costs less than $0.50 per Kg, meaning that the nano-coating process leads to a higher quality and more profitable product at a relatively inexpensive cost. With the vein graphite sourced from the Aukum project combined with the ALD coating GRAT expects to have an extremely high-quality final product that will give the Company a strong competitive advantage.
Global graphite shortage and critical minerals
As depicted in the Benchmark Minerals graph below, looming substantial graphite shortages are predicted to become a global issue for the EV battery industry beginning as early as 2023. The Company is currently licensed to increase production according to market needs, up from its original plan of 20,000 tonnes per annum, and its processing facility has been engineered in a modular design to accommodate a rapid expansion. Even with a slight decrease in graphite prices in 2020 due to repercussions of the COVID-19 pandemic, the price of spherical graphite ("SPG") remained stable. The United States, has been so impacted by this graphite shortage, that in October of 2020, the US Presidential administration (Federal Register, 2020), along with the Government of Canada, declared the mineral shortage a state of emergency and added Graphite to their critical minerals list (Government of Canada, 2021). GRAT continues to forge ahead with its plan to introduce a cleaner alternative SPG anode material to the global EV market.
https://www.benchmarkminerals.com/wp-content/uploads/Graphite-COVID-19-Special-Report.pdf
Pilot facility system specification criteria (provided by GRAT):
Throughput: To be determined as part of the ALD coating study work. Initially targeting 1,000 tons/year in pilot stage and 2,000 tons/year in demonstration facility
Coating: Al2O3
Handling: Manual Loading
Scope of Collaboration
Forge Nano has been commissioned to apply ALD to the materials supplied by GRAT for evaluation and confirmation of ALD-enhancement, to be completed within 6 months of the Agreement, which is dated to start March 29th. Upon successful demonstration of the Proof-of-Concept, GRAT will purchase the pilot equipment from Forge Nano with a targeted installation date for 2021.
Once the successful qualification and demonstration of the Pilot Equipment is completed, GRAT and Forge Nano will enter into a commercial development project in which GRAT will provide sufficient quantities of material to Forge Nano for building, qualification and operational studies for the commercial application of the ALD system. This system will be based on the capability of processing up to 20,000 tons per year. Specific final design elements and pricing to be determined.
Upon the successful implementation of the Commercial Development program, GRATOMIC will purchase Commercial Equipment for integration of ALD into their 2022 commercial production facility intended to produce 20,000 ton/year of ALD-coated graphite. Final design and pricing to be determined.
"The ALD enhancement process may turn out to become a breakthrough on battery anode technology, and the unique technical features of Aukam's vein graphite makes it the best candidate to test this concept", says Armando Farhate, COO & Head of Graphite Sales & Marketing.
Arno Brand, CEO & President states, "We are pleased to collaborate with Forge Nano on the implementation of the ALD program, which will optimize our vein graphite at the atomic level, essentially establishing a highly effective and desirable battery anode material for the EV battery market in a truly environmentally conscious manner."
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 appointed Dr. Ian Flint to complete a preliminary economic assessment (PEA) on the Aukam Processing plant. 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, it includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized.
Gratomic wishes to emphasize that the supply of graphite 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.
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 its processing plant or the Facility.
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.
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 (See press releases dated Jan. 25th).
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)
oliverhugo
4年前
Gratomic Inc. TSX.V:GRAT | OTCQX:CBULF | CB82.F
Gratomic Announces Commissioning of Aukam Processing Plant
Monday, March 29, 2021 7:30 AM
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Topic:
Company Update
TORONTO, ON / ACCESSWIRE / March 29, 2021 / Gratomic Inc. ("GRAT" or "The Company") (TSXV:GRAT)(OTCQX:CBULF)(Frankfurt:CB82) announces that it has officially started the commissioning phase of its processing plant in Aukam, Namibia. Commissioning will begin with the crushing circuit and progress throughout the other areas of the plant systematically in order of progression.
Commissioning of a mining processing plant is usually divided into 6 progressive stages:
C0 - Constructed to Design including Factory Acceptance
C1 - Pre-commissioning
C2 - Direction Testing
C3 - No Load / Dry Commissioning
C4 - Load / Wet Commissioning
C5 - Project Completion
Gratomic is currently entering into Direction Testing (C2 phase) of the equipment composing the crushing circuit of the plant. This stage consists of energizing the equipment and ensuring it rotates in the right direction, stroking the control systems, calibrating instruments and verifying protections.
Once obtaining the expected results on stage C2, our team will progressively advance to stages C3 to C5 of the commissioning process, aiming to ensure that, at the end, the entire plant will perform according to project parameters in a sustainable matter.
"It is essential that we proceed with the necessary steps of commissioning, according to engineering good practices, before the plant becomes operational, and our team in Aukam has been employing all available resources in order to complete this crucial milestone", says Armando Farhate COO & Head of Graphite Marketing and Sales.
"On the 2nd of March, we went silent as an exploration company. We are preparing to go live with a mining company. Nothing evokes a more powerful emotional response than one of revival after a down spell and as a CEO I couldn't be prouder to be entering this important commissioning phase", says CEO & President Arno Brand.
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 appointed Dr. Ian Flint to complete a preliminary economic assessment (PEA) on the Aukam Processing plant. 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, it includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized.
Gratomic wishes to emphasize that the supply of graphite 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.
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.
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 OTCQX 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)
oliverhugo
4年前
https://www.accesswire.com/637542/Gratomic-to-Trade-on-OTCQX $GRAT $CBULF #Graphite #Mining #stocks #EVBatterymetals #Batterymetals #EV #TSX
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Mentioned in this Article
Gratomic to Trade on OTCQX
Friday, March 26, 2021 8:00 AM
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Topic:
Exchange Listing Upgrade
TORONTO, ON / ACCESSWIRE / March 26, 2021 / Gratomic Inc. ("GRAT" or "The Company") (TSXV:GRAT)(OTCQX:CBULF)(Frankfurt:CB82) is pleased to announce that its common shares have been approved for trading on the OTCQX® in the United States under the symbol (OTCQX:CBULF). Trading commences today. Investors in the US can find current financial disclosure and Real-Time Level 2 quotes in US currency for Gratomic on www.otcmarkets.com.
The OTCQX® Best Market is for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.
Arno Brand, Gratomic CEO & President commented "we are very pleased to be graduating to the OTCQX Market after only commencing trading on the OTCQB in mid-December 2020. This will provide our valued US investors with greater liquidity and execution services through OTCQX. It will also help us to build our visibility among US investors. This is an important step in the evolution of the Company."
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
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)
oliverhugo
4年前
Gratomic Provides Further Update on Its Acquisition of The Remaining 37% Interest in Aukam Property
https://www.accesswire.com/636444/Gratomic-Provides-Further-Update-on-Its-Acquisition-of-The-Remaining-37-Interest-in-Aukam-Property
Gratomic Provides Further Update on Its Acquisition of The Remaining 37% Interest in Aukam Property
Friday, March 19, 2021 8:10 AM
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Topic:
Company Update
TORONTO, ON / ACCESSWIRE / March 19, 2021 / Gratomic Inc. ("GRAT" or the "Company") (TSX.V:GRAT) (OTCQB:CBULF) (FRANKFURT:CB82) (WKN:A143MR) is pleased to provide an update to its press releases of November 19, 2020 and February 17, 2021, in which it disclosed that it had entered into a definitive agreement, as amended, (the "Agreement") with Next Graphite, Inc. ("NextG"), for the acquisition of NextG's 37% interest in Gazania 242 Pty Ltd. (the "Acquisition"), the Namibian company which holds the licenses on the Aukam property. The Acquisition remains ongoing and will close once all of the pre-conditions to closing have been satisfied. It is anticipated that these preconditions will be satisfied within the next several weeks and the transaction will close immediately thereafter. 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 Acquisition is subject to the fulfillment of certain conditions precedent as are customary for transactions of this size including the approval of the TSXV.
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
oliverhugo
4年前
https://www.accesswire.com/630920/Gratomic-Becomes-Debt-Free
Gratomic Becomes Debt-Free
Monday, February 22, 2021 8:00 AM
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Topic:
Company Update
TORONTO, ON / ACCESSWIRE / February 22, 2021 / Gratomic Inc. ("GRAT" or the "Company") (TSXV:GRAT)(OTCQB:CBULF)(FRANKFURT:CB82) (WKN:A143MR) is pleased to announce that it has officially achieved debt-free status. This feat was accomplished through the committed and strategic efforts carried out by management over the past several months to effectively eliminate the debt of the Company.
On June 12, 2020, the Company announced the successful completion of a $2.25 million financing (the "April 2020 Financing"), which included $1.5 million in convertible debentures. Since then, all of the outstanding debentures have been converted into common shares. Commencing in the fall of 2020, there was a systematic appreciation of the Company's stock price, ushered on by immense support from institutional and retail investors. The Company commenced trading on the OTCQB Venture Market on December 14, 2020.
The Company's current cash position is approximate $2.4 million. This provides the Company with sufficient capital to see it through the commissioning phase.
Gratomic has become a notable Brand in the graphite community. Very few junior graphite companies have been in such a fortunate position to achieve debt-free status at such an early point in their development. With the Company cash-positive and the Aukam processing plant poised to enter commissioning in only a few weeks, Gratomic sits at a comfortable position as a leader in the global junior resource sector; unlike competitors in the industry.
"Gratomic has come a long way in the past 11 months. Its world class team has worked hard to advance the Company and its key asset to deliver fundamental value to its shareholders. We are proud of our team's hard work and are grateful for the support of our valued shareholders. We look forward to a very interesting March and April" stated CEO & President, Arno Brand.
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.
oliverhugo
4年前
https://www.accesswire.com/630177/Gratomic-Provides-Update-on-Its-Acquisition-of-the-Remaining-37-Interest-in-Aukam-Property
Gratomic Provides Update on Its Acquisition of the Remaining 37% Interest in Aukam Property
Wednesday, February 17, 2021 8:00 AM
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Topic:
Company Update
TORONTO, ON / ACCESSWIRE / February 17, 2021 / Gratomic Inc. ("GRAT" or the "Company") (TSXV:GRAT)(OTCQB:CBULF)(FRANKFURT:CB82) (WKN:A143MR) is pleased to provide an update to its press release of November 19, 2020, in which it disclosed that it had 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. The Agreement has been amended, pursuant to an amendment agreement dated January 25, 2021, to increase the consideration to be paid to NextG by an additional 4,500,000 common shares in the capital of Gratomic (the "Shares") and a cash payment on closing of CDN$100,000. The Shares will be subject to an 18-month escrow subject to a release of 1/3 of the original balance every 6 months. A total of 25,758,915 common shares of the Company are issuable pursuant to the Agreement, as amended. All other material terms remain of the Agreement remain unchanged. 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 Acquisition (including the issuance of the Shares) is subject to the fulfillment of certain conditions precedent as are customary for transactions of this size including the approval of the TSXV.
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
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