GRATOMIC INC - CBULF STOCK NEWS

Gratomic Inc. (OTCQX: CBULF) has extended the closing of its non-brokered private placement offering, aiming to raise up to $6 million from the sale of 20 million working capital units at $0.30 each. So far, the company has raised $2,723,980.50 and anticipates completing a further tranche this week. The offering includes common shares and warrants for future purchases at $0.45 per share. CEO Arno Brand expressed optimism about the extension facilitating the closing of the offering. Gratomic remains focused on its graphite projects in Namibia, Brazil, and Canada and aims to strengthen its position in the electric car battery supply chain.

Gratomic has completed the second tranche of a non-brokered private placement offering, raising $1,419,285.30 from 4,730,951 working capital units at $0.30 each. This brings total proceeds to $2,723,980.50, part of an offering aiming for $6 million. Each unit includes one common share and a warrant for an additional share at $0.45 until March 2025. The funds will support general working and operational capital for the Aukam Project. Insiders may subscribe up to 25% of the offering, with one insider purchasing 747,765 units. The offering remains subject to hold periods and regulations excluding U.S. sales.

Gratomic Inc. (OTCQX: CBULF) has appointed Bruno Baillavoine as Chair of its Board of Directors, effective February 16, 2023. Baillavoine, who joined the Board as an independent director in May 2021, brings extensive experience in banking, finance, and asset management. The Board's evolution aims to strengthen corporate governance as Gratomic focuses on becoming a leading global graphite supplier for the burgeoning Electric Vehicle market. Arno Brand, CEO of Gratomic, supports this appointment, highlighting the importance of separating duties to improve operational efficiency. The company continues to develop its flagship Aukam project and align strategies within the electric vehicle supply chain.

Gratomic Inc. (OTCQX: CBULF) has completed the first tranche of a non-brokered private placement offering, raising approximately $1.3 million from the placement of over 4.3 million working capital units at $0.30 each. Each unit comprises one common share and one purchase warrant, priced at $0.45 for two years. Proceeds will support general working capital and the Aukam Project. Insider participation reached $338,010. The company aims to expedite the Aukam processing facility completion amidst challenges from COVID-19 and supply chain issues. Gratomic, a leader in graphite supply, continues to enhance its position in the electric vehicle market and plans future announcements about project developments.

Gratomic Inc. (OTCQX: CBULF) has entered a non-binding Letter of Intent (LOI) with Graphex Group Limited to create a Joint Venture for producing anode material for electric vehicle (EV) batteries. The collaboration aims to address the supply-demand gap in North America by leveraging Gratomic's raw material supply and Graphex’s processing technology. Graphex plans to develop a facility in Warren, Michigan, with a capacity of 15,000 tonnes per year. The partnership also emphasizes the need for a domestic graphite supply chain to meet rising EV demands. However, Gratomic cautioned that no feasibility studies have been completed regarding their mineral resources.

Gratomic has disposed of non-core assets in Namibia, generating total proceeds of NAD 3.20 million (approximately CDN$251,178). The company also expects to receive a VAT refund of NAD 3.15 million (around CDN$247,253) from the Namibian government within two weeks. Gratomic is focused on becoming a leading global graphite supplier, particularly within the EV battery supply chain. The company has formed a collaboration with Forge Nano to enhance its graphite production processes.

Gratomic Inc. (OTCQX: CBULF) announced the initial assay results from its diamond drilling program at the Aukam Graphite Project in Namibia. The program aimed to validate early estimations of mineralized graphite veins and improve understanding of the geology. The assay results from ALS Laboratories included 15 drill core samples, with significant Total Graphitic Carbon (TGC) percentages reported, reaching over 50% in some instances. The drilling data aims to support the company's mining efforts and future development.

Gratomic has completed a National Instrument 43-101 report for its Capim Grosso graphite project in Brazil, indicating significant exploration potential. The project is 100% owned by Gratomic and is situated in a promising geological area. The report recommends further exploration, with ongoing diamond drilling and trenching efforts. As of now, 4,051.15 meters of drilling has been completed. The company is optimistic about the report's findings, believing they position them as a potential major player in the graphite market.

Gratomic Inc. (OTCQX: CBULF) announces that its bench-mining program at the Aukam Graphite Mine in Namibia has reached full capacity following the completion of road construction. The new access road enhances exploration and mining operations, providing safer and more efficient access to graphite. Although progress is notable, Gratomic highlights the lack of completed economic studies or mineral resource delineation, stressing the risks associated with production initiation and cost recovery. The company is advancing a feasibility study for its processing plant while aiming to secure a competitive position in the graphite market.