Gratomic (TSX.V: GRAT) (OTCQX: CBULF) (FRA: CB82), a multinational company with projects in Namibia, Brazil and Canada, has entered into a memorandum of understanding (“MOU”) with Millennium Metals LTD (“TM2″) along with an undisclosed third party. The MOU calls on Gratomic to supply graphite over 60 consecutive months once commercial production begins at CBULF’s Aukam Graphite Project in Namibia. Gratomic and TM2 previously announced a partnership designed to industrialize graphite as a commodity. According to the announcement, TM2 is the world’s first spot market where direct investment in technology metals is possible. The company is building a reputation for becoming a one-stop-shop for electric vehicle (“EV”) battery manufacturers and OEMs. The companies also agreed to enter into a long-form agreement within six months; in that agreement, Gratomic will commit to supplying 600 tons per month of graphite SG16 uncoated or other grade in the initial three months of supply, and 1,200 tons per month of graphite SG16 coated or uncoated or other grade after the initial three-month period, year over year for 60 consecutive months; the agreement will begin when the Aukam Graphite Plant officially enters commercial production. “Bringing a buyer into the partnership between Gratomic and TM2 continues to build our vision of creating opportunities and becoming a lead player in the electric vehicle battery sector, with the right partners,” said Gratomic president and CEO Arno Brand in the press release.
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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. 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 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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