Gratomic (TSX.V: GRAT) (OTCQX: CBULF) (FSE: CB82), a multinational company with projects in Namibia, Brazil and Canada, has begun commercial commissioning at its Aukam Graphite mine in Namibia. According to the announcement, the commissioning involves preparing the first 100 tonnes of product to send customers for inclusion into value-added applications. The company is focused on developing Aukam into one of the first projects in the world to successfully introduce vein graphite into anode on a large scale. The next phase of development involves calibrating the Aukam Processing Plant on a scale large enough to meet end-user specifications, an effort that the company anticipates will take four to six months; this if the final step before commencing full operation of the facility. In the announcement, the company also noted that it has appointed a reputable sales representative in Europe to sell all the nonanode material produced at Aukam.
The company recognized the Namibian government as a “worthy ally” for its support in providing the opportunity to reach this point, noting that the company supports the Namibian legislative change banning exports of unprocessed critical minerals. The company did state that no mineral resources, let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam property, adding that Gratomic is not in a position to demonstrate or disclose any capital and/or operating costs that may be associated with the processing plant until the feasibility study is completed. “It is truly unbelievable that we were able to transition to this enormous achievement for the company,” said Gratomic president and CEO Arno Brand in the press release. “It has suffered greatly under tough market conditions in the past 18 months. Nonetheless, we were determined to persevere without losing sight of our goal despite any challenges thrown at us.”
To view the full press release, visit https://ibn.fm/V0ZXf
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 from the Aukam Project 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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