InvestorNewsBreaks – Gratomic Inc. (TSX.V: GRAT) (OTCQX: CBULF) (FSE: CB82) Announces Benching Program Updates, New All-Time Graphite Extraction Record at Aukam
Sep 20, 2022
Gratomic (TSX.V: GRAT) (OTCQX: CBULF) (FSE: CB82), a multinational company focused on becoming a leading global graphite supplier, today announced a progress update on the earth moving activities at its Flagship Aukam Graphite Project in Namibia. According to the update, the benching process typically involves successively cutting berms alongside the mountain edge in order to steadily expose underground material, at the same time ensuring stability of the mountain structure. The process allows for the collection of graphite in stages as platforms are constructed on the Aukam mountain. Road construction was completed to the upper part of the mountain during the past several weeks, and actual benching of the mountainside began in earnest.
In addition, Gratomic released an additional progress update for its Aukam Graphite Project. The company reported that a mining team began extracting graphite from a newly discovered vein in the early hours of the morning, unearthing more than 150 tonnes of graphite in one working shift and breaking the all-time record of graphite extracted at Aukam in a single day. The vein was excavated approximately 2.5 meters deep, exposing the over 150 tonnes of graphite hosted below the surface. “This momentous achievement by the Gratomic Aukam mining team sets a very positive trend forward to what is expected as the program continues,” said Arno Brand, president and CEO of Gratomic. “Watching the stockpiles grow gives us an immense sense of achievement that we are moving closer and closer to commercializing our Aukam project.”
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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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