Gratomic Inc. designed and constructed a pilot processing facility in order to assess the requirements needed for the design and construction of its commercial processing facility at the Aukam Graphite Mine in Namibia, Africa. To date, the commercial facility is 90% completed, with finalization slated for the Fall of 2020.
TORONTO, May 14, 2019 /PRNewswire/ – Gratomic Inc. (“Gratomic” or the “Company”) (TSX-V: GRAT) (CB81–FRANKFURT) a vertically integrated graphite to graphenes, advanced materials development company announces the entering into of a definitive off take agreement for graphite concentrate to be produced from its Aukam Graphite mine (“Aukam“) in Namibia (“Offtake Agreement“).
As part of the Graphite Concentrate sales Agreement (Sales Agreement), Gratomic has appointed Phu Sumika (“PSK“) as its exclusive marketing agent, in continental Europe, for the sale of graphite concentrate to the refractory, lubricant and battery Markets.
Pursuant to the Sales Agreement, PSK will purchase up to 7,500 Dry Metric Tonnes annually, for a period of five years from the date commercial production commences at Aukam. The contract contemplates the sales of graphitic product ranging from 80% Carbon to 99.9% Carbon at prices ranging between US$500-US$2800 per Metric Tonne (depending on grade, moisture content and industry use).
Gratomic is satisfied with the high value range of product pricing for the selected markets.
Gratomic has delivered PSK with samples grading 92%, 97%, 99% and 99.9% over the past 3 months for testing in a verity of end uses. The results now positively match buyer specifications and will qualify the sales agreement for deliveries going forward.
Aukam Production Update
Gratomic has recently consulted with a processing expert in Toronto and has been able to produce several batches of Battery Grade Graphite grading over 99.9% the Company is currently compiling a budget to integrate the suggestive plant adjustment onto its processing circuit within the next 3 months. This will allow the company to commence with the production and sale of battery grade Graphite targeted towards the rapidly growing battery industry mainly being dominated by the increase of demand for electric vehicles worldwide.
In addition Gratomic expects the delivery of the final components of its Aukam processing plant within the next 49 days, this will complete the construction of the first phase of our Processing facility and bring it up to a 3 metric tonne per hour Processing Capacity.
The company continues its focus on further developing and commercializing its Graphene Processing capacity in wales through its partnership with Perpetuus carbon technologies and anticipates soft launching its Gratomic fuel efficient tire in the summer. Gratomic has recently prepared an additional 2 tonnes of Graphite concentrate which it will be shipping to wales in the coming days for converting into high quality Graphenes targeted for the use and development of several high value Graphene applications.
Gratomic’s CO-CEO Arno Brand stated, “The entering into of the sales agreement and exclusive marketing agreement with Phu Sumika is the culmination of several years of work, Gratomic is now well positioned and ready to monetize its operations through graphite sales. We thank our loyal shareholders for their support throughout the years and their contributions in helping us in commercialize the Aukam Mine”
About Phu Sumika
Phu Sumika was established in 2003 to provide raw chemical materials for leading companies in the abrasive, refractory and battery industries across Europe. They offer a wide scale of commodities from around the World. A professional organization with significant experience and a vast sales network allows them to provide the highest quality with competitive pricing.
About Gratomic Inc.
Gratomic is an advanced materials company focused on mine to market commercialization of graphite products most notably high value graphene based components for a range of mass market products. We are collaborating with a leading European manufacturer of graphenes to use Aukam graphite to manufacture graphene products for commercialization on an industrial scale. The company is listed on the TSX Venture Exchange under the symbol GRAT.
“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
TORONTO, May 3, 2019 /CNW/ – Gratomic Inc. (“Gratomic” or the “Company”) (TSX-V: GRAT) (CB81–FRANKFURT) a vertically integrated graphite to graphene, advanced materials development company is pleased to provide an update from its Aukam Graphite Mine in Namibia. The Company has been advancing the Graphite Project on three fronts focusing on exploration and diamond drilling, construction of on-site offices, laboratory, and living quarters, and the construction of a commercial scale graphite processing plant. The commercial scale graphite plant, capable of producing in excess of 20,000 tonnes of graphite concentrate per year, will replace the existing pilot plant commissioned in 2018 which successfully produced 5.5 tonnes of graphite concentrate grading between 88%-96% Carbon as Graphite (“Cg”).
The Aukam Graphite Project is located in southern Namibia close to the port city of Luderitz. The property hosts five underground adits which were mined periodically between 1940 and 1974. Graphite mineralization at Aukam is of the vein or lump type and occurs as massive lenses and veins. Graphite has also been observed as minor disseminated patches hosted in variably altered granite.
2018 Exploration
During 2018, Gratomic contracted Gregory Symons Geophysics (GSG) to perform Horizontal Loop Electromagnetics (HLEM) and magnetic surveys in continuation of previous geophysical surveys undertaken in 2016/2017. The original survey was performed in the vicinity of the Aukam Mine marked by the black polygon in Figure1 below. During the 2018 geophysical survey, ground electromagnetic and magnetic surveys were completed in two areas identified as Grid 1, which lies East of the Aukam Mine, and a portion Grid 2 as indicated in purple, known as Snyman Graphite Occurrence (see Figure 1).
Grid 1 adjoins the previous survey over the mine area at Aukam and extends the strike length covered to 1.6 kilometres to the East. Significant interpretations pertaining to Grid 1 include:
Grid 2 of the completed geophysical survey covers the Snyman graphite occurrence in the northeastern portion of EPL3895. The Snyman graphite occurrence covers an area of 7.5 ha and lies approximately 6.5 kilometres east of the Aukam mine.
Significant interpretations pertaining to Grid 2 include:
During 2018 Gratomic was granted additional Exclusive Prospecting License, Number 6710 (EPL 6710) by the Namibian Ministry of Mines and Energy, with an initial exclusivity of three years. The license area is contiguous with EPL 3895, which covers the Aukam graphite deposit and the Snyman graphite occurrence (see Figure 4). The application for EPL 6710 was submitted in order to cover the potential strike extension of the Snyman graphite occurrence to the east. In addition, EPL 6710 covers an additional area considered prospective for graphite within the “Aukam window” where rocks hosting the Aukam and Snyman graphite are exposed beneath the regional unconformity at the base of the Nama Group sedimentary rocks. The addition of the new EPL increases the area of prospective geology covered to 63,072 hectares (630 square kilometres).
Regional exploration in 2018 included mapping and sampling of graphite occurrences throughout the Company’s license areas with emphasis on the 400 hectares encompassing both the Snyman graphite occurrence and the area east of the Aukam Mine. Compilation, interpretation and presentation of all available geologic data allowed for subsequent diamond drill targeting with initial drilling planned for the area immediately east of the existing underground workings of the Aukam Mine.
Diamond Drilling
Two company drills were deployed to Aukam in March 2019 with diamond drilling commencing in April. The company is currently operating a Longyear 38 with a 2-cylinder XY-1 drill for a backup. Initial targets being drilled are proximal to the Aukam Mine and are spaced at 25 metres with infill drill planned to follow based on results. Five holes have been completed at the time of this release.
Processing Plant
During 2018 Gratomic completed the construction and start-up of its’ prototype processing plant to test and refine the processes that will be used for commercial production. The Aukam processing plant uses a simple crushing, grinding and flotation system. Graphite feed for the prototype plant was obtained from screening and sorting of existing stockpiles from historical mining. The processing plant operated for 26 days during April and for all 31 days in May of 2018. While operational, data was collected at each phase of the process and test results from samples were sent to Gecko labs with the subsequent results used to optimize plant processes. The following tests and optimization were conducted:
The Company continued to optimize the pilot plant processing stockpiled graphite mineralization throughout 2018. To date, the plant has processed 9 tonnes of the graphite mineralization with 5.5 tonnes of graphite concentrate grading between 88% and 96% Cg shipped to Perpetuus Carbon Technologies (“Perpetuus”) for the manufacture of graphene to be used in the automobile and bicycle tire industry. Graphene made from Aukam graphite continues to be tested in Europe and Asia with good results.
Gratomic and Perpetuus are currently in collaboration to build on Perpetuus’ capability to produce high quality surface modified graphene in support of the anticipated volumes required by the tire manufacturing industry. Additional applications that have now been generated in a preproduction format include radiant heating membranes and super hydrophobic coatings with an addressable market that include; graphene inks, marine, oil & gas, power generation, industrial (repair & maintenance), infrastructure (new build) and automotive & transportation among others.
Plant Expansion
Plant expansion to increase capacity to 20,000 tonne per annum began in2018. Initial activities included construction of a platform for drying graphite product and of a washing bay for equipment, complete with a containment system to collect impacted water. Steel drying pans, an oven, and two screens were also assembled and successfully tested. Continued upgrades involved the extension of the working area on the pilot plant by another 35 metres to the north-west to accommodate new crushing equipment and conveyer belts. Analysis of all plant processes continues to optimize efficiencies of each process such as rod mills, flotation columns, and reagent introduction. Four different tests were run with the first test being used as a base line. Samples were taken from the rod mill feed, mill discharge, and screen under-and-over size. Calculations were made to determine the amount of chemicals needed to be introduced into the mixers according to the density and volume of the mixer feed.
Recent upgrades to the processing plant continue with the arrival of additional commercial scale equipment including; industrial sized generator, screw conveyors, shaker screens, rod mill, conveyors, and boom truck.
Gratomic is continuing with its systematic assembly of the commercial scale graphite processing plant. Next steps will include:
Camp Construction
Construction of the onsite Management Camp consisting of offices, laboratory, kitchen, and living quarters, is ongoing. Work began with two of the larger structures during Q4/2018.
Qualified Persons
Steve Gray, P.Geo. has reviewed, prepared and approved the scientific and technical information in this press release and is Gratomic Inc’s “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About Gratomic Inc.
Gratomic is an advanced materials company focused on mine to market commercialization of graphite products most notably high value graphene-based components for a range of mass market products. We are collaborating with a leading European manufacturer of graphene to use Aukam graphite to manufacture graphene products for commercialization on an industrial scale. The company is listed on the TSX Venture Exchange under the symbol GRAT.
“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
TORONTO, March 4, 2019 /CNW/ – Gratomic Inc. (“Gratomic” or the “Company”) (TSX-V: GRAT) (CB81–FRANKFURT) a vertically integrated graphite to graphenes, advanced materials development company announces that it has submitted a full mining license application to the Namibian Ministry of Mines and Energy.
The company has submitted its application for Mining License 215 (M L215). The License area falls within the proximity of the Aukam Processing Plant and the Graphite bearing shear zone for a total of 5002 hectares (5002 ha). The mining license was the last step required for the company to go into full production. The license submission is timed strategically with the construction of Gratomic’s onsite processing plant located at the Aukam Graphite Mine in Namibia and in conjunction with the recently announced long-term Graphene supply agreement with Vittoria Tires and Gratomic’s partner Perpetuus Advanced Materials.
Gratomic’s CO-CEO Arno Brand stated, “This marks a significant milestone in the company’s path to commercializing its Aukam Graphite mine, through this submission of our mining license we are now able to start producing graphite from our Aukam Graphite mine at full capacity.”
About Gratomic Inc.
Gratomic is an advanced
materials company focused on mine to market commercialization of
graphite products most notably high value graphene based components for a
range of mass market products. We are collaborating with a leading
European manufacturer of graphenes to use Aukam graphite to manufacture
graphene products for commercialization on an industrial scale. The
company is listed on the TSX Venture Exchange under the symbol GRAT.
“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2019/04/c5980.html
visit the website at www.gratomic.ca or contact: Arno Brand, Co-CEO, +1 416-561-4095, E-mail inquiries: [email protected] CNW Group 2019
About Gratomic Inc.
Gratomic is an advanced material company focused on mine to market commercialization of graphite products, most notably high-value graphene-based components for a range of mass market products.
FULL DISCLOSURE: Gratomic is an advertising client of AGORA Internet Relations Corp.
About Gratomic Inc.
Gratomic is an advanced material company focused on mine to market commercialization of graphite products, most notably high-value graphene-based components for a range of mass market products.
FULL DISCLOSURE: Gratomic is an advertising client of AGORA Internet Relations Corp.
About Gratomic Inc.
Gratomic is an advanced material company focused on mine to market commercialization of graphite products, most notably high-value graphene-based components for a range of mass market products.
FULL DISCLOSURE: Gratomic is an advertising client of AGORA Internet Relations Corp.
Gratomic, is pleased to provide an update on its previously announced Graphene development program primarily targeted towards elastomer and polymer tire markets, launched with its European partner, Perpetuus Carbon Technologies Limited (“Perpetuusâ€), a wholly owned subsidiary of Perpetuus Advanced Materials.
As disclosed by Gratomic on April 22, 2018, Perpetuus and Gratomic executed a letter of collaboration pursuant to which Perpetuus undertook to build three specialized process tooling chambers (“Chambersâ€) to be used solely for processing Graphite from Gratomic’s Aukam Graphite mine in Namibia.
The first of such Chambers has passed the testing phase and is ready to process the Aukam sourced Graphite, the second Chamber is presently under construction with the third to follow immediately thereafter.
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/38d30f00-f4a4-41fb-9cb7-ca8794311260
http://www.globenewswire.com/NewsRoom/AttachmentNg/4c7dbc05-9ece-4bf8-a27a-f875c2a99e80
About Gratomic Inc.
Gratomic Inc. is an advanced materials company focused on mine to market commercialization of graphite products most notably high value graphene-based components for a range of mass market products.
For more information: visit the website at www.gratomic.ca or contact: Arno Brand, Co-CEO +1 416-561-4095 [email protected]
“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.â€
FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).
Gratomic Inc. has entered into a letter of intent with a strategic partner to establish, finance, design, develop, market and create an ecosystem for producers and users of graphene in all parts of the graphene food chain based on blockchain technology. This new ecosystem will facilitate distribution and sale of the Company’s graphene products being manufactured from graphite produced from its Aukam project in Namibia.
Once the strategic partner has completed its design of the ecosystem, the two parties will form a 50/50 joint venture and respectively fund the development of the blockchain until fully commercialized. Consummation of a joint venture agreement is subject to the execution of a definitive agreement by June 30, 2018.
Gratomic’s strategic partner is well experienced in the blockchain technology and cryptocurrency fields having recently been involved with creating a token for online gaming, as well as providing structural, technical, and strategic advice for other entities within the mining industry.
Gratomic’s Co-CEO Sheldon Inwentash stated, “With this development, Gratomic will gain benefit through association with a team experienced in operating a diversified business based on blockchain technology which could ultimately increase shareholder value.”
About Gratomic Inc.
Gratomic Inc. is an advanced materials company focused on mine to market commercialization of graphite products most notably high value graphene based components for a range of mass market products. We are collaborating with a leading European manufacturer of graphenes to use Aukam graphite to manufacture graphene products for commercialization on an industrial scale. The Company is listed on the TSX Venture Exchange under the symbol GRAT.
