Gratomic Retains SP Angel Corporate Finance LLP

Rhea-AI Summary

Gratomic Inc. has retained SP Angel Corporate Finance LLP as Nominated Advisor and Broker for the proposed admission of the Company's securities to the AIM of the LSE. The admission process will take 3 to 4 months and requires a Competent Person's Report.

Positive

• Gratomic Inc. has taken a proactive step by retaining SP Angel Corporate Finance LLP as Nominated Advisor and Broker, which could positively impact the Company's admission to the AIM of the LSE.
• The proposed admission to the AIM of the LSE could potentially increase the visibility and accessibility of Gratomic Inc.'s securities, attracting more investors and potentially driving the stock price up.

Negative

• No negative takes identified.

TORONTO, ON / ACCESSWIRE / October 26, 2023 / Gratomic Inc. ("Gratomic", "GRAT," or the "Company") (TSXV:GRAT) (OTCQX:CBULF) (FSE:CB82) wishes to announce that it has retained SP Angel Corporate Finance LLP ("SPA") of London UK to act as Nominated Advisor and Broker in connection with the proposed admission of the Company's securities to the Alternative Investment Market ("AIM") of the London Stock Exchange ("LSE"). The admission process generally takes 3 to 4 months and will require the Company to obtain a Competent Person's Report relating to the properties of the Company. SPA as the Company's nominated adviser is responsible to the LSE for assessing the appropriateness of the Company for AIM and for advising and guiding the Company on its responsibilities under the AIM Rules for Companies both in respect of its admission and its continuing obligations on an ongoing basis. The Company's admission to AIM remains conditional on, amongst other things, it meeting the eligibility requirements set out in the AIM Rules for Companies. The Company has identified the Competent Person to prepare the Competent Person's Report and is in a position to establish a timeline for the process.

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. The Company ranked third place in the top 10 performing mining stocks on the 2022 TSX Venture 50™.

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.

View source version on accesswire.com:
https://www.accesswire.com/796924/gratomic-retains-sp-angel-corporate-finance-llp

FAQ

What is the purpose of Gratomic Inc. retaining SP Angel Corporate Finance LLP?

Gratomic Inc. has retained SP Angel Corporate Finance LLP as Nominated Advisor and Broker for the proposed admission of the Company's securities to the AIM of the LSE.

How long is the admission process to the AIM of the LSE expected to take?

The admission process generally takes 3 to 4 months.

What is a Competent Person's Report and why is it required?

A Competent Person's Report is required to assess the properties of the Company. It is a necessary step in the admission process.

What are the potential benefits of the Company's admission to the AIM of the LSE?

The proposed admission could increase the visibility and accessibility of Gratomic Inc.'s securities, attracting more investors and potentially driving the stock price up.

What are the eligibility requirements for the Company's admission to AIM?

The Company's admission to AIM remains conditional on meeting the eligibility requirements set out in the AIM Rules for Companies.