Gratomic (TSX.V: GRAT) (OTCQX: CBULF) (FRA: CB82) has entered into a definitive agreement with Zumbi Mineração Brazil and its shareholders; the agreement outlines Gratomic Inc plans to acquire 100% of the rights and interests in and to Zumbi’s Capim Grosso Property. The property is located in Capim Grosso, Brazil, and consists of mineral claim 870.180/2012. According to the agreement, the transaction calls for Gratomic Inc to make a one-time cash payment equal to C$200,000 as well as issuing 1,666,667 common shares in the capital of GRAT and a further 2,173,913 restricted shares; the shares will be subject to holding periods and resale restrictions and will be issued as directed by the vendors. Acquiring interest in the Brazilian graphite project will allow Gratomic Inc to diversify its interests as well as develop the project’s graphite deposit. According to the announcement, the move positions CBULF to meet growing demand for high-quality graphite. “We are pleased to have successfully finalized the deal on the Zumbi project in Brazil,” said Gratomic CEO and president Arno Brand in the press release. “The goal has always been for Gratomic Inc to evolve into a multi-national organization. At its core, the company will stay true to its roots as an exploration and mining company.”
To view the full press release, visit https://ibn.fm/TGzvk
About Gratomic Inc.
Gratomic Inc 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 2022 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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