Gratomic (TSX.V: GRAT) (OTCQX: CBULF) (FSE: CB82), a multinational company with projects in Namibia, Brazil and Canada, has updated its commercial partnership and sales agreement with TM2 Verticals. The agreement outlines the company’s commitment to supply purified flake graphite (“PFG”) to the alkaline battery sector. According to the announcement, TM2 Verticals has partnered with Gratomic and Suntech Labs of South Africa to successfully upgrade Aukam graphite concentrate to the required 96% grade concentrate as part of a large-scale pilot plant OEM qualification program designed to generate bulk samples that can be sent to alkaline battery producers around the world. The collaboration marks an “important milestone” in the global alkaline battery market opportunity for Gratomic. Over the next 36 months, every major OEM on the planet will be backwards integrating, noted TM2 officials, who observed that securing long-term supply and a reliable supply chain remains on target and a key catalyst for ongoing successful operations. The alkaline battery market is projected to reach an estimated annual sales of more than $8 billion, requiring more than 14,000 tons of graphite material. “The partnership with TM2 is steadily advancing towards our common objectives of being ahead of competition in one of the most dynamic high value applications for graphite,” said Gratomic CEO and president Arno Brand in the press release.
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About Gratomic Inc.
Gratomic is a multinational company with projects in Namibia, Brazil and Canada. The company is focused on becoming a leading global graphite supplier and aims to secure a strong position in the electric vehicle (“EV”) battery supply chain. With the continued development of its flagship Aukam Project and further exploration on its Capim Grosso property, Gratomic sets itself apart by seeking out unique top-quality assets around the world. True to its roots, the company will continue to explore graphite opportunities displaying potential for development. Large quantities of high-quality vein graphite have been shipped for testing to confirm its viability as an anode material. Gratomic is confident that the test results will provide a unique competitive advantage in its desired target markets. The company will continue to update the public on the status of these tests and will provide results as soon as they become available. The company has also formed a collaboration agreement with Forge Nano. This cooperation is a key element in supporting Gratomic’s strategies toward the value-added phases of producing graphite for anode applications, namely micronization, spheronization and coating, making Gratomic graphite a preferred choice for use in lithium-ion batteries. For more information about the company, visit www.Gratomic.ca.
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