Gratomic (TSX.V: GRAT) (OTCQX: CBULF) (FSE: CB82) has announced that the first 2,600 tons have been extracted from its Aukam Graphite Project in Namibia; the announcement is the fifth progress update on the company’s bench-mining program at the Namibia project. According to the announcement, the benching process often includes cutting berms alongside the mountain edge in order to expose underground material while at the same time ensuring the stability of the mountain structure. Using this process, Gratomic has been able to collect graphite in stages as the platforms are constructed on the mountain. So far, an estimated 1,000 tons of graphite have been transferred from the mountain to the Run of Mine (“ROM”) pad, where it will be prepared for processing; another 1,600 tons of mineral have been extracted. Total for the project so far has reached 2,600 tons. A company official noted that throughout the process, ensuring safety has been a fundamental value at Gratomic while the company is also “always looking for ways to improve productivity and yield the results that we need.” The company also noted that currently no preliminary economic analysis, preliminary feasibility study or feasibility study has been completed for the project, although it is in the process of completing a feasibility study. That study will provide valuable information, conclusions and recommendations regarding the potential scale up of the existing processing plant to a commercial-scale processing facility. “One of the main foundational pillars at Gratomic is to build a sustainable operation in an environmentally friendly, people-centric manner, so that we can leave a lasting legacy for future generations,” said Gratomic president and CEO Arno Brand in the press release.
To view the full press release, visit https://ibn.fm/qXqGI
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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