Gratomic (TSX.V: GRAT) (OTCQX: CBULF) (FRA: CB82), a multinational company with projects in Namibia, Brazil and Canada, has released an operational update for its wholly owned Aukam graphite mine and processing plant located in Namibia. The company’s technical team arrived at the site last month to prepare the plant to batch process 100 tonnes of a high-purity graphite concentrate. That work will include removing minor impurities from the surface of graphite particles to reach the specification required by customers. The company expects to ship the concentrate to industry partners in Asia, Europe and the United States for integration into end-user applications. In addition, the team will complete several additional assignments during the next two months. The company noted that no preliminary economic analysis, preliminary feasibility study or feasibility study has been completed to support any level of production. However, the company is working toward completing a feasibility study (“FS”) on the Aukam Processing plant. That study will provide conclusions and recommendation for the anticipated scale up of the existing processing plant to a commercial-scale processing facility that will be capable of producing desired levels of concentrate grades and production rates. “We are very pleased with the progress at Aukam and look forward to the completion of our final stages and the commencement of production,” said Gratomic CEO and president Arno Brand in the press release. “I’d like to thank our entire Gratomic team for their efforts, and we look forward to enhancing shareholder value and servicing our global customers.”
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About Gratomic Inc.
Gratomic is a multinational company with projects in Namibia, Brazil and Canada. The company aims to become a leading global graphite supplier and to secure a strong position in the electric vehicle (“EV”) battery supply chain through the development of its flagship Aukam graphite mine and ongoing exploration at its Capim Grosso property. The company will continue to explore graphite opportunities that show the potential to produce the specific flake size and purity required for active anodes. Large quantities of high-quality vein graphite have been shipped for testing to confirm its suitability as anode material. Gratomic is confident that the test results will provide a unique competitive advantage in desired target markets and will continue to update the public on the status of these tests and share results as they become available. On Jan. 25, 2023, Gratomic entered into a LOI with Graphex Technologies to supply graphite through existing facilities and develop a downstream processing facility in the continental United States. The company has also entered into a collaborative agreement with Forge Nano to use its patented layer technology (“ALD”) to coast spherical graphic required in lithium-ion batteries. For more information about the company, visit www.Gratomic.ca
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