Gratomic (TSX.V: GRAT) (OTCQX: CBULF) (FRANKFURT: CB82), has finalized a definitive agreement outlining its acquisition of Next Graphite Inc.’s 37% interest in Gazania Investments Two Hundred and Forty Two (Proprietary) Limited, a Namibian company that holds licenses on the Aukam property. According to the agreement, which was first announced in November 2020, Gratomic will hold 100% of the rights and interests in the Aukam Mining License and exploration License. Next Graphite noted that combining the interests in Aukam provides an opportunity to optimize the potential of Aukam and allow Next Graphite shareholders to participate in the success of Gratomic; the announcement noted that the companies had worked together for years. The terms of the acquisition are subject to the fulfillment of certain conditions, including final approval of the TSX-V. “It has been a pleasure working with Cliff Bream and his team at Next Graphite to finalize this agreement,” said Gratomic president and CEO Arno Brand in the press release. “I look forward to continuing a strategic business relationship and building a strong future for Aukam together.”
To view the full press release, visit https://ibn.fm/QJfOm
About Gratomic Inc.
Gratomic is focused on introducing an exceptional anode material to the global electric vehicle and energy storage supply chains. The company aims to achieve full operational capabilities in 2021, with further plans to take its Aukam Graphite Project fully solar by 2022. Large quantities of its naturally high-quality 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. Gratomic’s recent collaboration agreement with Forge Nano has advanced the developments on its graphite finalization phase for the micronization, spheronization and 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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