Gratomic (TSX.V: GRAT) (OTCQX: CBULF) (FSE: CB82), a multinational company focused on becoming a leading global graphite supplier, today announced that it has successfully completed the first stage of its Diamond Drilling (“DD”) program at its Aukam Graphite Project in Namibia. According to the update, 16 holes, totaling 1,218.85 meters, were drilled during this first stage of the program, which concluded on June 24, 2022. Hole depths varied from 42 to 141.1 m, with all holes intercepting graphite veins, as expected by the company. Drill core samples were sent to laboratories in Namibia and South Africa, and assay results are expected within 30 days. The results will enable completion of geological modelling of the drilled mineralization and quantified and new drill targets to be defined and pursued. In addition, the company has initiated a near-surface bench excavation program at the region in order to unveil additional mineralization, which was not previously accessible due to poor access conditions in the upper areas of the mountain. The program will work to recover eventual mineralization from this section and provide proper surfaces to accommodate drilling rigs for a second planned DD program, aiming to intercept additional veins.
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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 electric vehicle (“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 Atomic Layer Deposition (“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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