Welcome to our dedicated page for Gratomic news (Ticker: CBULF), a resource for investors and traders seeking the latest updates and insights on Gratomic stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Gratomic's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Gratomic's position in the market.
Gratomic Inc. (OTC PINK: CBULF) provides a construction update on the Aukam Graphite Property. The company has successfully completed excavations for processing equipment foundations and is set to pour concrete starting the second week of October 2020. Key components, including floatation columns and mixing tanks, are being installed, with steel frames being fabricated locally. The project remains on schedule despite COVID-19 restrictions, showcasing the team's commitment to safety and efficiency. Gratomic holds off-take agreements with TODAQ and Phu Sumika for graphite sourced from Aukam.
Gratomic Inc. (TSXV:GRAT)(OTC PINK:CBULF) announced its readiness to introduce high-grade, environmentally sustainable graphite to the North American EV market amid Tesla's battery week. The company claims to be the only graphite firm to reach the construction phase. Gratomic's Aukam graphite is noted for its high purity and more efficient processing methods. However, the company emphasizes that no feasibility studies have been completed, which brings uncertainty regarding production viability. Recent appointment of Dr. Ian Flint aims to conduct a preliminary economic assessment (PEA) for the Aukam Processing plant.
Gratomic Inc. has announced its commitment to producing environmentally friendly graphite for North American consumers. The company aims to innovate graphite processing methods that minimize environmental impact while achieving high-quality output. Notably, their process will produce just 0.8 kg of carbon emissions per tonne of graphite, alongside a water recycling system that recovers up to 95% of used water. However, no economic viability studies have been conducted for their Aukam project, leading to heightened risks surrounding production commencement and potential revenue generation.
Gratomic Inc. (OTC PINK:CBULF) announced the early arrival of custom equipment from China at the Walvis Bay Port in Namibia, crucial for the Aukam Graphite Mine processing plant. The components, including thickener tanks and rotary dryers, will be inspected and shipped to the site after clearing customs. This early delivery aligns with Gratomic's existing construction timelines. The company holds two off-take agreements for graphite products sourced from Aukam, enhancing its commercialization strategy in the graphite market.
Gratomic Inc. announced an engineering update for its Aukam Graphite Mine processing plant, currently under construction in October 2020.
Site preparations for additional equipment are underway, with machinery on route from China. Excavation work has progressed, with 100 tonnes completed. Two contractors have been identified for further steelwork and installation.
The plant aims for high efficiency and minimal environmental impact, expected to outperform competitors upon commissioning.