TORONTO, ON / ACCESSWIRE / December 22, 2020 / Gratomic Inc. ("GRAT" or the "Company") (TSXV:GRAT) (FSE:CB81) (WKN:A143MR) (OTCQB:CBULF) is pleased to announce that it has uploaded its updated December 2020 corporate presentation (the "Presentation") to its website. The updated Presentation outlines the new strategic focus of the Company on the electric vehicle battery market and an emphasis on the near negligible environmental impact of its processing facility, which is currently nearing its commissioning phase. The Presentation also outlines information on the EV battery market, which gives investors a much more well-rounded understanding of the Company's new strategic plan. Gratomic's previous focus had been applications of graphenes for use in a variety of different products including tires. This has now become a secondary focus, along with the exploration and development of assets outside of its core Aukam Graphite Project.
The Company announced the filing of a Technical Report on its Buckingham Graphite Project on December 22, 2020 and intends to pursue the further exploration of this valuable property. Information on the Buckingham Graphite Project is included in the Presentation. The Presentation also provides current information about the status of the Company's processing plant at its Aukam Graphite property in Namibia.
Please follow this link to view the Presentation.
About Gratomic Inc.
Established in 2014, Gratomic is an advanced materials company focused on low-cost mine to market commercialization of carbon-neutral, Eco-friendly, high purity vein graphite and is set to become a key player in EV and Renewable Resource supply chains. Gratomic Inc. is a leader among peers, anticipating full operational capabilities in late 2020 and aiming to transition to an open pit operation as early as the end of 2021.
Gratomic is in the process of solidifying its development plans for micronization and spheronization of its clean Aukam graphite. This significant milestone is a small, additional step in the Company's existing Eco-friendly processing cycle and will allow its naturally high purity graphite to meet ideal North American battery grade standards for use in Li-ion battery anodes.
The Company promises to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. The tracking will begin at Aukam and will be verified at every stage during transport.
Two off-take purchase agreements are currently held for lump-vein graphite sourced from Gratomic's Aukam Graphite Project in Namibia, Africa. Fulfillment of the contracts is slated to begin in 2021. The agreements exist with TODAQ and Phu Sumika.
TODAQ is an innovative tech company and will partner with Gratomic on its mine-to-market commodity tracking.
Phu Sumika is a large global graphite supplier to battery and lubrication companies.
Gratomic Inc. is listed on the TSX Venture Exchange under the symbol GRAT.
For more information: visit the website at www.gratomic.ca or contact:
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This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com.)