Gratomic Stock Price, News & Analysis

Gratomic Inc. provides a significant update on the Aukam Graphite Project in Namibia, indicating successful progress in its commissioning phase. As of April 8, 2021, the installation of key equipment, including a filter press and rotary dryer, has marked the completion of the assembly phase, moving the project into the C1 (pre-commissioning) stage. The company plans to recycle 95% of processed water via its dewatering circuit. However, it underscores that no mineral resources or feasibility studies have been established, introducing risks related to production and profitability.

Gratomic Inc. has appointed Stephen Woodhead as Senior VP Finance and Dean Esau as HR Officer & Administrative Assistant, both in Namibia. Woodhead, with over 25 years of experience, previously served as CFO in multiple companies and will focus on financial operations as Gratomic commissions its processing facility. Esau brings extensive HR experience, enhancing the company's talent management capabilities. These additions are expected to strengthen Gratomic's leadership as it aims for full operational capabilities in 2021, while also solidifying contracts for graphite sourced from its Aukam project.

Gratomic Inc. is advancing its Aukam Graphite Project by transitioning to solar power, enhancing its sustainability efforts. The shift to solar aligns with Gratomic's strategy to lead in the EV battery market by providing cleaner, more eco-friendly graphite. Currently in discussions with solar supply companies, the goal is to develop a custom facility catering to the project's energy needs. This initiative reflects Gratomic's commitment to reducing its carbon footprint, which is already low at 0.8Kg/tonne. The company aims for operational capabilities in 2021, focusing on high-purity graphite for Li-ion batteries.

Gratomic Inc. has appointed Nico Scholtz as the Qualified Person (QP) for its Aukam Graphite Project in Namibia. With over 20 years of global experience in mineral exploration, Scholtz will enhance the company's drilling programs starting April 8, 2021. His extensive background includes various geological projects across Africa and beyond. Gratomic aims to leverage his expertise to meet its operational goals in reporting infill drilling results. The company focuses on eco-friendly graphite production for electric vehicles and energy storage, with plans for operational capabilities set for 2021.

Gratomic Inc. has reported a strong cash position of $8,054,000, primarily from the exercise of share purchase warrants valued at $3,596,400. The company has 3,596,400 warrants outstanding. It announced debt-free status and the commissioning of its Aukam processing plant. Gratomic aims to eliminate the need for further financings through the exercise of warrants, fostering shareholder confidence. The company is focused on eco-friendly high purity graphite for electric vehicles, with plans for traceable mine-to-market operations, supported by agreements with TODAQ and Phu Sumika.

Gratomic Inc. announced the resignation of Walter Luke, Project Manager and Director, effective April 1, 2021. He is leaving to pursue a new opportunity in the United States but departs on good terms, having contributed significantly to the company's Aukam Graphite Project in Namibia. Gratomic is focused on high-purity, eco-friendly graphite for the Electric Vehicle and Energy Storage markets. The company anticipates operational capabilities in 2021 and has existing agreements for graphite supply with TODAQ and Phu Sumika.

Gratomic Inc. (OTCQX: CBULF) has announced plans to build a pilot facility to process up to 1,000 tons of SG16 battery-grade anode materials by late 2021, with potential expansion to 20,000 tons annually. Located at Luderitz Bay, this facility aims to enhance lithium-ion battery performance through Atomic Layer Deposition (ALD) technology in collaboration with Forge Nano. The pilot installation could significantly transform battery anode production, addressing looming graphite shortages as demand for electric vehicle batteries grows.

Gratomic Inc. has initiated the commissioning phase of its processing plant in Aukam, Namibia. Currently engaged in the Direction Testing (C2 phase), the company aims to systematically progress through the commissioning stages. Notably, no Preliminary Economic Analysis or feasibility studies have been conducted to support production viability, leading to potential economic uncertainties. Gratomic has appointed Dr. Ian Flint for a preliminary economic assessment to evaluate scaling the processing plant. The company emphasizes that graphite supply depends on successful project development and production commencement.

Gratomic Inc. (OTCQX:CBULF) is now trading on the OTCQX Best Market, enhancing its visibility and liquidity for U.S. investors. This advancement follows its transition from the OTCQB Market, initiated in mid-December 2020. CEO Arno Brand emphasized that this step will provide greater execution services and is crucial for the company's growth. Gratomic focuses on eco-friendly, high purity vein graphite production for the EV and Energy Storage markets, with operations expected to be fully functional in 2021.