Gratomic Grants Stock Options

Rhea-AI Summary

Gratomic Inc. (OTCQX:CBULF) announced the granting of 400,000 stock options to new board member Bruno Baillavoine, exercisable at $1.30 per share over five years, pending TSX approval. The company focuses on supplying high-quality graphite for electric vehicles and energy storage, aiming for full operations in 2021 and plans to shift its Aukam Graphite Project to solar energy by 2022. A collaboration with Forge Nano will enhance graphite processing for lithium-ion batteries, while two off-take purchase agreements are expected to fulfill in 2021.

Positive

• Granting of 400,000 stock options to board member could improve governance and investor confidence.
• Ongoing collaboration with Forge Nano for advanced graphite processing can position Gratomic favorably in the lithium-ion battery market.
• Fulfillment of off-take agreements with TODAQ and Phu Sumika anticipated for 2021 could bolster revenue.

Negative

• None.

TORONTO, ON / ACCESSWIRE / June 7, 2021 / Gratomic Inc. ("GRAT" or the "Company") (TSXV:GRAT) (OTCQX:CBULF) (FRANKFURT:CB82) is pleased to announce that the Company has granted Bruno Baillavoine, recently appointed to the Board of Directors (see Press Release dated May 19, 2021), 400,000 stock options exercisable at $1.30 per share for 5 years vesting over a two-year period. His appointment to the Board of Directors and the grant of stock options to him is subject to approval of the TSX Venture Exchange.

About Gratomic Inc.  

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.

View source version on accesswire.com:
https://www.accesswire.com/650810/Gratomic-Grants-Stock-Options

FAQ

What are the details of the stock options granted by Gratomic Inc.?

Gratomic Inc. has granted Bruno Baillavoine 400,000 stock options exercisable at $1.30 per share for five years, pending TSX approval.

What is Gratomic's strategy for the Aukam Graphite Project?

Gratomic aims to achieve full operational capabilities in 2021 and plans to transition the Aukam Graphite Project to solar energy by 2022.

How is Gratomic partnering with Forge Nano?

Gratomic is collaborating with Forge Nano to advance the micronization, spheronization, and coating of its Aukam vein graphite for lithium-ion battery use.

What off-take agreements does Gratomic have?

Gratomic has two off-take purchase agreements with TODAQ and Phu Sumika, with contract fulfillment expected to begin in 2021.

What is the purpose of the stock options grant to Bruno Baillavoine?

The stock options grant aims to align the interests of the board member with shareholders and enhance governance.