- 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
- The license submission is timed strategically with the construction of Gratomic’s onsite processing plant and in conjunction with the recently announced long-term Graphene supply agreement with Vittoria Tires and Gratomic’s partner Perpetuus Advanced Materials.
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
