Gratomic (TSX.V: GRAT) (OTCQX: CBULF) (FRA: CB82) has shared the results of initial metallurgical tests from its wholly owned Capim Grosso project in Brazil; the tests were performed on trenched material obtained from the site. Canada-based SGS Lakefield performed the tests from samples obtained from trenching programs at the property. Highlights of the results included a combined concentrate grade of 97.5% C(t) in one test with total carbon grades reaching as high as 98.6% in several particle-size fractions. The open circuit graphite recovery was 70.1%, with an estimated 20% of the graphite losses being associated with intermediated streams; most of these graphite units will report to the final concentrate during closed-circuit operation. Company officials noted that from the beginning, they were confident that the project could become a word-class deposit. The test results have confirmed that, and the company plans on fast-tracking the engineering process and plant construction. In addition, the company announced that it has signed an indicative term sheet with Millennium Metals LTD (“TM2”). The world’s first spot market where direct investment in technology metals is possible, TM2 is building a reputation for being the one-stop-shop for electric vehicle battery manufacturers and OEMs. The deal calls for Gratomic to supply graphite for 60 consecutive months begin upon commencement of commercial production at its Aukam Graphite Project in Namibia. The agreement is intended to form a strategic partnership that will allow the companies to be the first to industrialize graphite as a commodity. “Gratomic, like TM2, is founded on forward thinking, and this transaction is a prime example of how we strive to create opportunities rather than settling for the status quo,” said Gratomic president and CEO Arno Brand in the press release. “Gratomic will continue to establish itself as a multinational graphite supplier and aims to stake out a solid position in the electric vehicle battery sector.”
To view the full press releases, visit https://nnw.fm/qtw3N and https://nnw.fm/S5tPP
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 battery supply chain. With the continued development of its flagship Aukam project and further exploration on the company’s 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. In addition, the company has formed a collaboration agreement with Forge Nano. With its patented ALD coating, this cooperation with Forge Nano is a key element to support Gratomic’s strategies towards the value-added phases of production of 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.
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
[email protected]
NetworkNewsWire is part of the InvestorBrandNetwork
