Gratomic Secures DTC Eligibility

Rhea-AI Summary

Gratomic has achieved DTC eligibility for its common shares, enhancing trading accessibility in the US markets (OTCQX:CBULF). This eligibility enables electronic clearance and settlement, potentially improving liquidity for investors. The company aims to fully operationalize its Aukam Graphite Project in 2021, with plans for solar integration by 2022. Gratomic is advancing partnerships, including collaboration with Forge Nano for graphite processing for lithium-ion batteries, and has off-take agreements with TODAQ and Phu Sumika, scheduled for fulfillment in 2021.

Positive

• Achieved DTC eligibility for common shares, enhancing trading accessibility.
• Aims for full operational capabilities at Aukam Graphite Project in 2021.
• Partnership with Forge Nano for advanced graphite processing technology.
• Secured off-take agreements with TODAQ and Phu Sumika for future sales.

Negative

• None.

TORONTO, ON / ACCESSWIRE / April 19, 2021 / Gratomic Inc. ("GRAT," "Gratomic" or the "Company") (TSXV:GRAT)(OTCQX:CBULF)(FSE:CB82) is pleased to announce that it has secured DTC eligibility on the common shares of the Company, CUSIP 38900X 207 (ISIN CA38900X2077), which are now DTC eligible to facilitate trading, settlement and clearance in the US.

DTC (Depository Trust Company) eligibility allows for trades to be cleared and settled electronically, accelerating the settlement process for investors and brokers and increasing market accessibility for both institutional and retail investors. This can have a positive impact on a stock's liquidity by creating a more desirable turn-around time on clearing of transactions.

"This is a significant achievement and another piece of the puzzle locked solidly in place and bringing value to stakeholders," said Arno Brand, President and CEO.

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
abrand@gratomic.ca
(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/641156/Gratomic-Secures-DTC-Eligibility

FAQ

What does DTC eligibility mean for Gratomic (CBULF)?

DTC eligibility allows Gratomic's shares to be cleared and settled electronically in the US, enhancing market accessibility and potentially increasing liquidity.

What are Gratomic's future plans for the Aukam Graphite Project?

Gratomic plans to achieve full operational capabilities for the Aukam Graphite Project in 2021, with an additional goal of solar integration by 2022.

Who did Gratomic partner with for graphite processing?

Gratomic partnered with Forge Nano to advance the micronization, spheronization, and coating of its graphite for lithium-ion batteries.

What off-take agreements has Gratomic secured?

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