Gratomic (TSX.V: GRAT) (OTCQX: CBULF) (FRA: CB82) has entered into a letter of intent (“LOI”) with Zumbi Mineração Brazil and its shareholders outlining the 100% acquisition of the rights and interests in and to the Capim Grosso Property. The LOI notes that the acquisition comprises mineral claim 870.180/2012 (426.03 Ha) located in Capim Grosso, Brazil; the letter also outlines the conditions of the acquisition including cash payments as well as the issuance of common shares and a promissory note. In addition, the letter includes deadlines associated with the acquisition. According to the announcement, Gratomic said acquiring the Brazilian graphite project provides the company with the opportunity to diversify its interests while also developing the graphite deposit at the Capim Grosso project. The company intends to position itself to better meet growing demand for high-quality graphite as well as enjoy a competitive advantage by limiting risk as it develops businesses in several key mining friendly jurisdictions. Gratomic noted that three preliminary drillholes and 10 shallow trenches have been completed at the project, with assay results indicating total graphitic carbon (“TGC”) of between 6.79% TGC over 2.5 m to 20.95% TGC over 2.4 m in surface trenching. In addition, drilling results of 26.47% TGC over 1 m have been obtained. The company plans to start a trenching program to generate further geological information and plan future drilling once the acquisition is completed. “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,” said Gratomic president and CEO Arno Brand in the press release. “The company has reviewed projects all around the world and considers Zumbi to be one of the most promising.”
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About Gratomic Inc.
Gratomic is focused on introducing an exceptional anode material to the global electric vehicle and energy storage supply chains. True to its roots as an exploration and mining company, Gratomic aims to achieve full operational capabilities in 2021 on its Aukam Graphite Project and continues to diversify its assets into a multinational company with various projects globally. Large quantities of its naturally high-quality vein 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 and spheronization, as well as the patented Atomic Layer Deposition (“ALD”) coating of its Aukam vein graphite for use in lithium-ion batteries. Forge Nano is a global leader in surface engineering and precision nanocoating technology, using ALD. 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 deep-tech company TODAQ by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. For more information about the company, visit
www.Gratomic.ca.
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