Gratomic Stock Price, News & Analysis

Gratomic Inc. has fully subscribed its non-brokered private placement offering amounting to $27,020,000. This comprises 19,300,000 units at $1.40 each, with the final closing extended to February 8, 2022. The funds will primarily support the Aukam Project ($17 million), Capim Grosso Property ($6 million), and general working capital ($4 million). The offering is pending TSX Venture Exchange approval, with a four-month hold period on the issued securities. Insider participation is allowed up to 10% of the offering.

Gratomic Inc. (CBULF) reports significant progress in commissioning its Aukam graphite processing plant in Namibia. Key equipment, including the Product Thickener and vibrating feeder, is being prepared for operation. The construction team has worked continuously, even during holidays, demonstrating resilience. The company is on track for full operational capability in 2022, with ongoing advancements in graphite processing technologies through collaboration with Forge Nano. Gratomic aims to introduce high-quality graphite as an anode material for electric vehicles and energy storage.

Gratomic Inc. (OTCQX:CBULF) has commenced manufacturing Air Classification units for its Aukam Graphite Project in Namibia. This patented technology enhances graphite processing by efficiently separating ore by size, weight, and shape, aimed at increasing purity for anode material. The manufacturing coincides with the wet commissioning phase of the plant. CEO Arno Brand emphasizes its potential to revolutionize graphite upgrading. The company also aims to achieve operational capabilities in 2022, supported by partnerships, including one with Forge Nano for lithium-ion battery applications.

Gratomic (OTCQX:CBULF) has disclosed successful results from its wet circuit process flow tests conducted by SGS Lakefield. The tests achieved a concentrate grading up to 97.3% total carbon (C(t)), with high recoveries between 86.7% and 87.5%. The company anticipates an increase in recovery rates to 94-95% in a closed circuit operation. Gratomic is also finalizing steps to enhance purity for battery applications. However, no feasibility studies have been completed, raising risks regarding production viability and economic feasibility for the Aukam project.

Gratomic has announced an increase in its non-brokered private placement offering from $20 million to $27 million due to strong demand. The offering will consist of up to 19.3 million working capital units priced at $1.40 per unit, with proceeds allocated to the Aukam Project ($17 million), Capim Grosso Property exploration ($6 million), and general working capital ($5 million). Insiders may subscribe for up to 10% of the offering. The securities will not be registered under U.S. Securities laws and are subject to a four-month hold period.

Gratomic Inc. (OTCQX:CBULF) announced a non-brokered private placement offering of up to 14.3 million working capital units at $1.40 each, totaling up to $20.02 million. Each unit includes one common share and one-quarter of a warrant, exercisable at $1.45 for six months. Proceeds will fund the Aukam Project ($14M), Capim Grosso Property exploration ($5M), and general working capital ($2M). Insiders may buy up to 10% of the offering, exempt from certain approval requirements. This offering is pending TSXV approval and securities will have a hold period of four months and one day.

Gratomic announces positive results from initial sampling and trenching at the Capim Grosso graphite project in Brazil, where it owns a 100% interest. Initial samples indicate high-grade graphite ranging from 3.87% to 41.79% Cg, confirming the project's potential for large-scale mineralization. The trenching program has revealed 31 of 42 trenches intersected graphite mineralization, with a total mineralized strike length of 4 km. The company has initiated a 5000m Diamond drilling program and plans to prepare a NI 43-101 resource estimate.

Gratomic Inc. (TSXV:GRAT)(OTCQX:CBULF) has acquired 100% of the rights to the Capim Grosso Property in Brazil for CAD $200,000 and 3,840,580 common shares at a deemed price of $1.38 each. This acquisition allows Gratomic to diversify its interests in graphite, strategically positioning them to meet growing demand. The Vendors will retain a 3% gross smelter return royalty on all minerals processed (excluding graphite). The deal enhances Gratomic's operational capabilities and market position.

Gratomic Inc. (OTCQX: CBULF) has finalized a Definitive Agreement to acquire 100% of the rights to the Capim Grosso Property in Brazil from Zumbi Mineração. The acquisition involves a one-time cash payment of CAD $200,000 and the issuance of 3,840,580 common shares. This strategic move aims to diversify Gratomic’s asset portfolio and enhance its position in the growing graphite market, expected to boost revenues and meet increasing demand. The acquisition is subject to customary conditions and TSX Venture Exchange approval.