Gratomic Director Steps Down
Gratomic Inc. announced the resignation of Walter Luke, Project Manager and Director, effective April 1, 2021. He is leaving to pursue a new opportunity in the United States but departs on good terms, having contributed significantly to the company's Aukam Graphite Project in Namibia. Gratomic is focused on high-purity, eco-friendly graphite for the Electric Vehicle and Energy Storage markets. The company anticipates operational capabilities in 2021 and has existing agreements for graphite supply with TODAQ and Phu Sumika.
- Gratomic is advancing its Aukam Graphite Project, strengthening its presence in the electric vehicle and energy storage sectors.
- The company holds off-take agreements with TODAQ and Phu Sumika for graphite supply, enhancing revenue potential.
- Walter Luke's departure may create a temporary leadership gap in project management.
TORONTO, ON / ACCESSWIRE / April 6, 2021 / Gratomic Inc. ("GRAT", "Gratomic" or "the Company") (TSXV:GRAT)(OTXQX:CBULF)(FRANKFURT:CB82) bids farewell to one of our own. Walter Luke, Project Manager and Director, has accepted a new employment opportunity in the United States. This new and exciting opportunity does create some logistical constraints, which is what led to the decision for Walter Luke to step down from the Board of directors, effective April 1, 2021. The Company wishes him the best of luck and much in all his future endeavors.
Walter Luke leaves on great terms, stating "I'm sad to be leaving the Board and the amazing team at Gratomic. I look forward to following the progress of the Company and seeing its ongoing success, with best wishes to all."
"We would like to thank Walt for his hard work and contributions to the growth and development of our Aukam Graphite Project in Namibia. His experience and expertise were appreciated, he has been an integral member of the cohesive team we have assembled, and he will be missed," stated Arno Brand CEO & President
Armando Farhate COO & Head of Graphite Marketing and Sales commented, "Mr. Luke has given an immense contribution to Gratomic when the company most needed someone that could organize the activities in a professional and efficient fashion. We would not be in the privileged position we are in now without his support. I will do my best to honor his legacy, and ensure we continue on the right path. There is no need to wish Walt good luck on his new assignment, because he already has the knowledge and competence to be very successful."
About Gratomic Inc.
Established in 2014, Gratomic is focused on introducing carbon-neutral, eco-friendly, high purity vein graphite to the global Electric Vehicle and Energy Storage supply chains. Gratomic is anticipating full operational capabilities in 2021.
Gratomic is in the process of solidifying its plans for the micronization, spheronization, and coating of its Aukam vein graphite. This significant milestone is a small, additional step in the Company's proposed eco-friendly processing cycle and is intended to allow it to meet ideal battery grade standards for use in Li-ion battery anodes. The Company's recent collaboration agreement with Forge Nano has advanced developments on its graphite finalization phase.
Forge Nano is a global leader in surface engineering and precision nano-coating technology, using Atomic Layer Deposition. Forge Nano's proprietary technology and manufacturing processes make angstrom-thick coatings fast, affordable and commercially viable for a wide range of materials, applications and industries. Forge Nano's suite of ALD and PALD products and services covers the full spectrum from lab-scale tools to commercial-scale manufacturing systems.
GRAT plans to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. The tracking will begin at Aukam and will be verified at every stage during transport.
Two off-take purchase agreements are currently held for lump-vein graphite sourced from Gratomic's Aukam Graphite Project in Namibia, Africa. Fulfillment of the contracts is anticipated to begin in Q1 of 2021. The agreements exist with TODAQ and Phu Sumika.
TODAQ is an innovative deeptech company that can containerize assets, transactions & markets, and will partner with Gratomic on its mine-to-market commodity tracking and trading. Containerized assets are verifiably unique, keep an immutable record of who has owned them, have embedded smart logic, can be transferred P2P, and are interoperable with any system. Asset owners enjoy stronger ownership control, value retention when trading, and ability to prove authenticity in seconds.
Phu Sumika is a large global graphite supplier to battery and lubrication companies.
Gratomic Inc. is listed on the TSX Venture Exchange under the symbol GRAT, on the OTCQX under the symbol CBULF and on the Frankfurt Exchange under the symbol CB82.
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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