Gratomic (TSX.V: GRAT) (OTCQX: CBULF) (FRA: CB82) has been granted four additional prospecting licenses (“PLs”) for graphite exploration by Brazil’s National Mining Agency (“ANM”). The licenses were granted for an area near CBULF’s current Capim Grosso Graphite project and will enable the company to grow Capim Grosso from a local project to a project of district scale. According to the new announcement, the area that is covered by the new licenses is 6,312 hectares. Noting that the regional geology includes Archean and Paleoproterozoic rocks belonging to the Itabuna-Salvador-Curaçá Orogen (“OISC”), the company is looking forward to starting exploration programs on the new licenses, which are valid for three years with the possibility for a three-year renewal. The licenses expand the total portfolio at the Capim Grosso project to 10 exploration permits, covering a total combined 10,039 hectares. A company official observed that mineralization is occurring throughout the prospective areas and Gratomic is anticipating maximizing its footprint in the Capim Grosso Graphite district. Currently CBULF has licenses and approval to execute a variety of geological exploration activities, including surface sampling, trenching, drilling, and associated laboratory analysis. “The New PLs allow our geology team to continue searching for mineralization in the Capim Grosso vicinity, which ultimately will add more value to our already hugely promising project in Brazil,” said Gratomic COO and head of graphite marketing and sales Armando Farhate in the press release. “The team continues to look for more graphite occurrences in the region.”
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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 EV battery supply chain. With the continued development of its flagship Aukam project and further exploration on its 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. Gratomic ranked third place in the top-10 preforming 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 has formed a collaboration agreement with Forge Nano. 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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