Gratomic Announces Update on Capim Grosso Graphite Project Drilling Program in Brazil

Rhea-AI Summary

Gratomic Inc. (OTCQX: CBULF) has resumed its 5,000-meter diamond drill program at the Capim Grosso graphite project in Brazil.

The program, which briefly halted for the holidays, aims to further delineate graphite mineralization. With a second drilling rig now onsite, the company expects faster completion and earlier results. Samples will be analyzed by SGS Geosol.

Gratomic remains focused on becoming a leading global graphite supplier, particularly in the EV battery supply chain, with ongoing development of its Aukam project and partnerships for enhanced production techniques.

Positive

• Resumption of a 5,000-meter drilling program at Capim Grosso project.
• Introduction of a second drilling rig to expedite the drilling process.
• Partnership with Forge Nano for value-added graphite production for battery applications.

Negative

• None.

TORONTO, ON / ACCESSWIRE / January 26, 2022 / Gratomic Inc. ("Gratomic", "GRAT," or the "Company") (TSXV:GRAT)(OTCQX:CBULF)(FSE:CB82) announces the resumption of its 5,000-meter diamond drill program on the Capim Grosso graphite project located within the Bahia State of Brazil, aiming to further delineate the graphite mineralization at the site.

After having drilled 241.3 meters in 2021 (see press release dated December 22, 2021), the drilling team temporarily wrapped up drilling over the holiday period, resuming activities on January 15, 2022.

The introduction of a second drilling rig, which is currently onsite, has expedited the drilling program. The ability to drill two holes simultaneously will accelerate the conclusion of the drilling program and will positively impact the announcement of results.

Drillcore-cutting equipment is currently en route to the site, which will enable the team to begin splitting the drill core to produce samples for laboratory assays. SGS Geosol, in Vespasiano, state of Minas Gerais, Brazil will be commissioned to conduct the analysis of the assays.

Drilling activities are led by Mr. Ib Camara, Geologist for Gratomic do Brasil, with the support of Area Manager Mr. Antonio Vitor, and under the guidance of Senior Geology Consultant Mr. Nico Scholtz, QP.

Armando Farhate, COO & Head of Graphite Marketing and Sales, says: "I am extremely happy to see how our multicultural team cooperates in a very effective way, regardless of distance, nationality and language. The end result will most certainly be world-class, supporting Gratomic's strategy to become a key global player in the Graphite scenario."

"Gratomic's focus is, and will remain, bringing value to its shareholders and stakeholders. We will continue to seek out potential projects that fit within our core foundational pillars, which includes positive economic impact, strategic asset acquisition and development, continuous improvement, and environmental stewardship. Our overarching goal is sustainable growth to support a cleaner future," stated Arno Brand CEO & President.

About Gratomic

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 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.

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 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: 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.

For Marketing and Media information, please email: info@gratomic.ca

"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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https://www.accesswire.com/685541/Gratomic-Announces-Update-on-Capim-Grosso-Graphite-Project-Drilling-Program-in-Brazil

FAQ

What is the current status of Gratomic's drilling program at Capim Grosso?

Gratomic has resumed its 5,000-meter diamond drill program at the Capim Grosso graphite project, which aims to further delineate graphite mineralization.

What improvements have been made to the drilling program at Capim Grosso?

The introduction of a second drilling rig has been made, allowing two holes to be drilled simultaneously to accelerate the program's timeline.

Who is conducting the analysis of drill samples from Gratomic's project?

SGS Geosol in Minas Gerais, Brazil, will conduct the laboratory analysis of the drill samples.

What is Gratomic's strategy regarding graphite supply?

Gratomic aims to become a leading global graphite supplier, focusing on the EV battery supply chain and enhancing production through strategic partnerships.