Gratomic to Trade on OTCQX
Gratomic Inc. (OTCQX:CBULF) is now trading on the OTCQX Best Market, enhancing its visibility and liquidity for U.S. investors. This advancement follows its transition from the OTCQB Market, initiated in mid-December 2020. CEO Arno Brand emphasized that this step will provide greater execution services and is crucial for the company's growth. Gratomic focuses on eco-friendly, high purity vein graphite production for the EV and Energy Storage markets, with operations expected to be fully functional in 2021.
- Transition to OTCQX market enhances visibility and liquidity for investors.
- CEO emphasizes the importance of this milestone for company evolution.
- Gratomic's focus on eco-friendly graphite positions it well for the growing EV market.
- No immediate financial metrics disclosed regarding the impact of the OTCQX transition.
- Dependence on successful completion of two off-take agreements scheduled for Q1 2021.
TORONTO, ON / ACCESSWIRE / March 26, 2021 / Gratomic Inc. ("GRAT" or "The Company") (TSXV:GRAT)(OTCQX:CBULF)(Frankfurt:CB82) is pleased to announce that its common shares have been approved for trading on the OTCQX® in the United States under the symbol (OTCQX:CBULF). Trading commences today. Investors in the US can find current financial disclosure and Real-Time Level 2 quotes in US currency for Gratomic on www.otcmarkets.com.
The OTCQX® Best Market is for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.
Arno Brand, Gratomic CEO & President commented "we are very pleased to be graduating to the OTCQX Market after only commencing trading on the OTCQB in mid-December 2020. This will provide our valued US investors with greater liquidity and execution services through OTCQX. It will also help us to build our visibility among US investors. This is an important step in the evolution of the Company."
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
About Gratomic Inc.
Established in 2014, Gratomic is focused on the proposed production of low-cost mine to market carbon-neutral, eco-friendly, high purity vein graphite to be provided to the EV and Energy Storage supply chains. Gratomic is anticipating full operational capabilities in 2021.
Gratomic is in the process of solidifying its plans for micronization and spheronization of its clean Aukam 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 North American battery grade standards for use in Li-ion battery anodes.
The Company 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 OTCQB 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.
View source version on accesswire.com:
https://www.accesswire.com/637542/Gratomic-to-Trade-on-OTCQX
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