Gratomic (TSX.V: GRAT) (OTCQX: CBULF) (FSE: CB82) together with Graphex Technologies LLC, the U.S. subsidiary of Graphex Group Limited (NYSE American: GRFX) (HKSE: 6128), today announced that the companies have jointly submitted samples of vein graphite concentrate from the Aukam Project in Namibia for characterization at an independent laboratory. According to the announcement, the goal is to determine whether the graphite is suitable for lithium-ion battery anode applications, and the test results are critical to establish entry into the next phase of collaboration for Gratomic and Graphex. The phase would have the objective to incorporate Aukam vein graphite in lithium-ion battery applications that utilize Graphex’s technology and expertise in mid-tier processing of graphite for anode materials. “Gratomic looks forward to starting up its processing plant at the Aukam vein graphite mine this month to provide Graphex with the required product to advance our commercial relationship on the back of these positive test results,” said Arno Brand, Gratomic CEO. “Consummating the partnership will signify an even greater achievement: diversifying supply chains in a very troubled graphite market.”
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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 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 place in the top 10 performing mining stocks on the 2022 TSX Venture 50(TM). For more information about the company, visit www.Gratomic.ca.
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