Gratomic (TSX.V: GRAT) (OTCQX: CBULF) (FSE: CB82), a multinational company focused on becoming a leading global graphite supplier, today announced its entry into a non-binding letter of intent (“LOI”) with Graphex Group Limited and its U.S. subsidiary, Graphex Technologies LLC (collectively “Graphex”). Graphex is a global leader in the downstream processing of specialized natural graphite used in electric vehicle (“EV”) lithium-ion batteries. The LOI intends to combine Gratomic’s raw material supply capabilities with Graphex’s proven downstream processing expertise to solve an industry wide gap by delivering an end-to-end supply of graphite from mine to battery with facilities to be located in North America. “We have been working diligently for a long time to find a perfect match in a downstream processing partner to enable full cycle anode inclusion of our graphite product,” said Arno Brand, Gratomic’s CEO. “The collaboration between Gratomic and Graphex now brings forth a combination between the two companies that is unmatched in its ability to present real-life mining experience with real-life downstream processing experience. We are very excited to move forward with our due diligence and expeditiously enter into a long-lasting relationship with Graphex.”
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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 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 will continue to update the public on the status of these tests and will provide results as soon as they become available. The company has formed a collaboration agreement with Forge Nano. With its patented ALD coating, this cooperation with Forge Nano is a key element to support Gratomic’s strategies towards 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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