Gratomic Announces New Director
Gratomic Inc. (OTCQX: CBULF) announces the resignation of Alex Helmel as Independent Director, who is stepping back to focus on other business interests. Daniel Baard, a seasoned finance executive, will replace him. Baard brings expertise in finance and operations, having served as CIO for Dukathole Group. He received 400,000 stock options valued at $1.25 per share, subject to TSX Venture Exchange approval. Gratomic aims to enhance its graphite production capabilities while collaborating with Forge Nano for advanced battery material development. The company's operational capabilities are targeted for 2021.
- Appointment of Daniel Baard as Independent Director expected to enhance operational efficiency and strategic growth.
- Baard's extensive experience in finance and operations may lead to improved profitability.
- Collaboration with Forge Nano could advance the development of graphite for lithium-ion batteries.
- Resignation of Alex Helmel may raise concerns about continuity in the Board's oversight.
TORONTO, ON / ACCESSWIRE / May 12, 2021 / Gratomic Inc. ("Gratomic", "GRAT" or the "Company") (TSXV:GRAT)(OTCQX:CBULF)(FRA:CB82) announces that Alex Helmel has resigned as an Independent Director on the Company's Board. Helmel is limiting his work with public companies and has already resigned from several other public company Boards to focus on other business endeavours. Daniel Baard, a finance executive with extensive industry experience, will be stepping into the role of Independent Director for Gratomic.
The Company is pleased to welcome Daniel Baard to the Board of Directors. Baard is an operationally oriented finance executive with extensive experience in logistics, contract mining, finance, administration, and public company accounting in diverse industries. He is a strategic leader with proven ability to streamline operations, impact business growth, and enhance profitability through achievements in finance management, cost and internal controls, productivity, and efficiency improvements. Baard is a CPA (Canada) / ACCA (Fellow, UK) who brings business, financial and analytical acumen to resolve complex problems creatively. He has most recently served as the Chief Investment Officer ("CIO") for the Dukathole Group from December 2018 to May of 2021. He has wide-ranging experience as a CEO, COO and CFO, spanning several impressive projects including Loubster Bulk Services and Southern Seas Advisory Group. Baard is an extremely experienced executive with invaluable insight into the essential operations of Gratomic.
Baard has been granted 400,000 stock options exercisable at
"It has been a great experience working with Alex and we wish him all the best in his other endeavours. I have known Daniel Baard for 9 years, including the period he spent working on a vein graphite mine in Sri Lanka, and look forward to working with him" said Arno Brand, CEO and President.
"Tomorrow is only an entry in your calendar, today is the day to get things done," said Daniel Baard, Independent Director.
About Gratomic
Gratomic is focused on introducing an exceptional anode material to the global Electric Vehicle and Energy Storage supply chains. The Company aims to achieve full operational capabilities in 2021, with further plans to take its Aukam Graphite Project fully solar by 2022. Large quantities of its naturally high-quality graphite have been shipped for testing to confirm its viability as an anode material. Gratomic is confident that the results will provide a unique competitive advantage in its desired target markets.
The Company's recent collaboration agreement with Forge Nano has advanced the developments on its graphite finalization phase for the micronization, spheronization, and the patented ALD coating of its Aukam vein graphite for use in lithium-ion batteries. Forge Nano is a global leader in surface engineering and precision nano-coating technology, using Atomic Layer Deposition.
GRAT has two outstanding off-take purchase agreements with TODAQ and Phu Sumika with contract fulfillment slated to begin in 2021. Gratomic plans to deliver mine-to-market traceability through its partnership with deeptech company TODAQ by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project.
For more information: visit the website at www.gratomic.ca or contact:
Arno Brand at abrand@gratomic.ca or 416 561-4095
Subscribe at gratomic.ca/contact/ to be added to our email list.
"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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FAQ
Who is the new Independent Director of Gratomic?
What options were granted to Daniel Baard upon his appointment?
What are Gratomic's future plans regarding its Aukam Graphite Project?
How does the collaboration with Forge Nano benefit Gratomic?
