Gratomic (TSX.V: GRAT) (OTCQX: CBULF) (FRA: CB82), a multinational company with projects in Namibia, Brazil and Canada, has reached a significant milestone: the company’s Aukam plant, located in Namibia, has produced its first batch of processed graphite in decades. The production of processed graphite is part of the wet commissioning process and operational readiness that the facility is undergoing. This product in bag (“PIB”) is the first product produced at the Aukam site since 1974. According to the announcement, the PIB milestone was met when the plant produced one metric ton of material, which was transferred to inventory, earmarked to be sent to SGS Lakefield for product development. The PIB will be in fulfillment of Gratomic’s obligation to modify the product to suit the needs of the end users, which is a key step required in the product development process. The company noted that the produced grade was suitable for applications in the markets of refractories, powder metallurgy, lubricants and friction elements; the company also observed that the material could be used as an anode material in li-ion batteries after undergoing micronizing and spheronizing. The company anticipates producing more types of products of different specifications as the plant prepares to become fully operational. Production samples will be sent to independent laboratories to confirm the product grade. Gratomic also noted that the finished PIB product was produced from historical stockpiles at the site, with all components of the processing plant set to work.
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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. The company ranked third in the top-10 performing mining stocks on the 2022 TSX Venture 50(TM). 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. Featuring a patented atomic layer deposition (“ALD”) coating, this cooperation with Forge Nano is a key element to support Gratomic’s strategies toward 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
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