Gratomic (TSX.V: GRAT) (OTCQX: CBULF) (FRANKFURT: CB82), focused on introducing an exceptional anode material to the global electric vehicle and energy storage supply chains, today announced its commencement of an independent prefeasibility study (“PFS”) and provided an operational update on the commissioning progress currently underway at its flagship Aukam Vein Graphite Project in Namibia. According to the announcement, Process Research Ortech Inc., based out of Mississauga, Ontario, has undertaken the PFS. To date, the PFS has independently verified that Aukam Graphite is capable of being upgraded without any chemical or heat treatment to a grade of 99.38% Cg. The company has also begun construction and extensive testing on Gratomic TM coin cell batteries using graphite sourced from the lower adit of the Aukam graphite project and prepared by Ortech to 99.81% Cg. Gratomic will be assisted by Robert Rice, the inventor and provisional patent-owner of the air-classification system being used in conducting the non-chemical refining process intended to upgrade the graphite concentrate from 99.38 to 99.98 %Cg for the purpose of achieving battery grade material. The company has also brought David Salari on board alongside Rice to assist in the completion of the PFS and in final preparation of the refining circuit. “Day after day our team at Aukam shows their resilience and determination towards finalizing the processing plant,” said COO and Head of Graphite Marketing and Sales Armando Farhate. “I am also very happy with the support we continue to obtain from our key partners. The project development continues as planned.”
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About Gratomic Inc.
Gratomic 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, spheronization and the patented ALD coating of its Aukam vein graphite for use in lithium-ion batteries. Forge Nano is a global leader in surface engineering and precision nano-coating technology, using Atomic Layer Deposition. 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 deeptech company TODAQ by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. For more information about the company, please visit www.Gratomic.ca.
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