Gratomic (TSX.V: GRAT) (OTCQX: CBULF) (FRA: CB82), a multinational company with projects in Namibia, Brazil and Canada, will begin initial earth-moving activities at its flagship Aukam project in Namibia on Aug. 15, 2022. According to the company, benching involves successively cutting berms along the mountain edge, steadily exposing underground material while ensuring the stability of the mountain structure. This process results in dual benefits: the collection of graphite in stages and the construction of platforms on the Aukam mountain. According to the announcement, this phase of the program is expected to take approximately six months and will result in approximately 20,000 tons of material being moved from the mountain and stockpiled at the Run of Mine (“ROM”) pad at the Aukam processing facility. At this point, no preliminary economic analysis, preliminary feasibility study or feasibility study has been completed and no mineral resources or mineral reserves demonstrating economic viability and technical feasibility have been delineated on the Aukam property. The benching program is a milestone for the Aukam site because it is the first time the company has implemented mining practices to bring product to the plant stockpile. “It has been a labor-intensive drilling campaign, which has solidified our confidence in the Aukam asset, the results of which have allowed us to intricately plan next steps, leading to the commencement of the benching program that is slated to begin on the 15th of this month,” 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. The company ranked third in the top-10 performing mining stocks on the 2022 TSX Venture 50(TM). 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 atomic layer deposition (“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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