Gratomic Announces Aukam Graphite Property Construction Update
Gratomic Inc. (OTC PINK: CBULF) provides a construction update on the Aukam Graphite Property. The company has successfully completed excavations for processing equipment foundations and is set to pour concrete starting the second week of October 2020. Key components, including floatation columns and mixing tanks, are being installed, with steel frames being fabricated locally. The project remains on schedule despite COVID-19 restrictions, showcasing the team's commitment to safety and efficiency. Gratomic holds off-take agreements with TODAQ and Phu Sumika for graphite sourced from Aukam.
- Completion of excavations for processing equipment foundations signifies project progress.
- Concrete pouring scheduled to commence soon, indicating timely construction.
- Project remains on schedule despite challenges posed by COVID-19 restrictions.
- Engagement of local engineering firms enhances community involvement and project support.
- Maintain two off-take agreements for graphite products, supporting revenue generation.
- None.
TORONTO, ON / ACCESSWIRE / October 6, 2020 / Gratomic Inc. ("GRAT" or the "Company") (TSXV:GRAT) (OTC PINK:CBULF) (FRANKFURT:CB81) (WKN:A143MR) announces a Aukam Graphite Property construction update.
The Gratomic team has completed the excavations intended to contain the concrete foundations that will accommodate the custom designed processing equipment including material thickener, cyclone, material hopper, settling reservoir, and filter press. Gratomic is currently preparing to begin pouring concrete in these areas the second week of October.
The current pilot sump area will be designated to house the new floatation columns and mixing tanks. The filter press area has been prepared and excavation is currently scheduled to begin October 6th on the product dryer area.
Final general assembly and layout of the Aukam processing plant have been completed. On site Management has received the cement from Pupkewitz Megabuild - Keetmanshoop. Aggregate and bricks were received from Dolerite Brick & Sand CC, which will be utilized in the construction of the settling reservoir and key foundations.
Manhattan Process Engineering, a South African based engineering firm, has provided the Company with detailed Civil Engineering reports to complete the concrete construction on site. This included detailed bending and manufacturing parameters to meet foundational specifications for the necessary rebar, which has recently been delivered to site.
Pro Edge steel, a local engineering and fabricating company, has also been engaged to build the steel frames, cat walks and rail guards required to complete the equipment installation and to maintain regulatory safety standards.
Gratomic has been successful in keeping the project on schedule in spite of National and Global COVID-19 restrictions, which has created various workplace constraints. The Team has implemented the new standards efficiently and effectively, adapting quickly to the new workplace safety standards.
"Our Namibian team is working diligently to complete construction in a safe and timely manner, their efforts are greatly appreciated," said President and CEO, Arno Brand.
"Gratomic will complete construction on its graphite plant in Namibia in the coming weeks, proving that 2020 can still deliver good news when you have a committed and knowledgeable team", said COO & Head of Graphite Marketing and Sales, Armando Farhate.
About Gratomic Inc.
Gratomic is an advanced materials company focused on mine to market commercialization of graphite products and components for a range of mass market products. The Company currently holds two off-take purchase agreements for graphite product sourced from the Aukam facility. One agreement is with TODAQ and the other is with Phu Sumika. The Company is listed on the TSX Venture Exchange under the symbol GRAT.
For more information: visit the website at www.gratomic.ca or contact:
Arno Brand at abrand@gratomic.ca or 416 561-4095
"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).
SOURCE: Gratomic Inc
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