STOCK TITAN

Gratomic Inc. - CBULF STOCK NEWS

Welcome to our dedicated page for Gratomic news (Ticker: CBULF), a resource for investors and traders seeking the latest updates and insights on Gratomic stock.

Gratomic Inc. is a multinational company with projects in Namibia, Brazil, and Canada, focused on becoming a leading global graphite supplier. The company aims to secure a strong position in the electric vehicle battery supply chain through its flagship Aukam project in Namibia and exploration at the Capim Grosso property.

The recent operational update from the Aukam graphite mine demonstrates the progress made in upgrading graphite concentrate to the required grade for the alkaline battery market. Gratomic has formed strategic partnerships with TM2 Verticals and Forge Nano to enhance its graphite production capabilities and supply chain integration, positioning itself for success in the high-value graphite applications market.

Rhea-AI Summary

Gratomic has signed a non-binding Letter of Intent (LOI) with Tristream Capital for a $5.2 million CAD royalty financing.

The investment will be used to acquire a 5% Gross Sales Royalty (GSR) from sales of graphite at the Aukam Property, which will decrease to 1% after 5.5 years.

The agreement is subject to due diligence and a definitive agreement within 90 days.

Interest of 10% per year will be paid for the first six months. Gratomic will also be responsible for covering up to 30,000 GBP in due diligence expenses.

A finder's fee of 5% will be paid upon closing. The transaction awaits regulatory approval.

Currently, no mineral resources or reserves have been established, and the company plans to conduct a feasibility study on the Aukam Processing plant.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.13%
Tags
none
-
Rhea-AI Summary

Gratomic Inc. has retained Mr. Ndelineekela Helao Shivolo as a government liaison consultant to strengthen its relationship with the Government of the Republic of Namibia for the Aukam Graphite Project. Shivolo, a seasoned geoscientist, brings over a decade of experience in mineral exploration, policy shaping, small-scale mining support, and strategic collaborations. Their expertise includes geology, mineral rights applications, business development, and project management. Shivolo holds multiple academic credentials and has been granted 1,000,000 options as part of the engagement.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.22%
Tags
none
-
News
Rhea-AI Summary
Gratomic Inc. provides an update on its strategic path, highlighting progress towards becoming a mining company. The company aims to optimize performance at the Aukam plant, secure funding for operational needs, and achieve profitability within 12 months of production. Gratomic has retained SP Angel Corporate Finance LLP for a proposed AIM listing. The Capim Grosso Property plays a vital role in the company's long-term strategy, with plans for a pre-feasibility study and further development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.61%
Tags
none
Rhea-AI Summary
Gratomic Inc. (GRAT) Announces New Investor Presentation
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.23%
Tags
none
-
Rhea-AI Summary
Gratomic Inc. (GRAT) Provides Operational Update for Aukam Graphite Mine, Processing 80 Tonnes of Material with 94% Cg Concentrate. Company Expects Upgrades to 97-99% Cg Concentrate Grade. Delay in Receiving Critical Equipment Hindered Initial Program, but All Equipment Now On Site and Being Installed.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.46%
Tags
none
-
Rhea-AI Summary
Gratomic Inc. (GRAT) Announces Update on Commercial Partnership and Sales Agreement with TM2 Verticals for Supply of Purified Flake Graphite (PFG) to the Alkaline Battery Sector
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.75%
Tags
partnership
Rhea-AI Summary
Gratomic Inc. has retained SP Angel Corporate Finance LLP as Nominated Advisor and Broker for the proposed admission of the Company's securities to the AIM of the LSE. The admission process will take 3 to 4 months and requires a Competent Person's Report.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.15%
Tags
none
-
Rhea-AI Summary
Gratomic Inc. appoints Bruno Baillavoine as Executive Chair of its Board of Directors and Stephen Woodhead as Chief Financial Officer. The Company also reports that all matters at the Annual General and Special Meeting of Shareholders were approved by at least a 97% majority. Gratomic will be searching for up to two additional independent directors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.76%
Tags
management
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.23%
Tags
partnership

FAQ

What is Gratomic Inc.'s focus?

Gratomic aims to become a leading global graphite supplier and secure a strong position in the electric vehicle battery supply chain.

What recent achievements has Gratomic disclosed?

Gratomic has successfully upgraded graphite concentrate to the required grade for the alkaline battery market, marking a significant milestone in its development.

Are there any key partnerships Gratomic Inc. has formed?

Gratomic has strategic collaborations with TM2 Verticals and Forge Nano to enhance its graphite production capabilities and supply chain integration.

What projects is Gratomic currently working on?

Gratomic is focused on its flagship Aukam project in Namibia and exploration at the Capim Grosso property to tap into unique graphite opportunities for development.

Gratomic Inc.

OTC:CBULF

CBULF Rankings

CBULF Stock Data

12.61M
188.61M
5.7%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
Toronto