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Gratomic provides a progress update on its trenching program at the Capim Grosso project in Brazil, which began on August 15. The program aims to explore a new graphite deposit, with five confirmed trench hits, showing mineralization extending over 500 meters. The trenching program is expected to last six days. CEO Arno Brand expressed confidence in Brazil's graphite potential and the project's prospects. Further exploratory trenches may occur at the nearby Jacobina project. Gratomic continues its focus on becoming a leading global graphite supplier.
Gratomic Inc. (OTCQX:CBULF) has announced its intention to apply for an extension of the exercise date for 987,882 warrants at $1.45 per share. This extension will move the expiry date from the current dates between July 26, 2022, and September 2, 2022, to between July 26, 2023, and September 2, 2023. The change is pending approval from the TSX Venture Exchange. Gratomic is focused on becoming a prominent global graphite supplier and has ongoing projects in Namibia, Brazil, and Canada, with strong ambitions to support the EV battery supply chain.
Gratomic Inc. has completed the first stage of its Diamond Drilling program at the Aukam Graphite Project in Namibia, reporting 16 holes drilled over 1,218.85 meters. All holes intercepted graphite veins, with depths ranging from 42 to 141.1 meters. Assay results are anticipated within 30 days, aiding in geological modeling and identifying new drill targets. A near-surface bench excavation program has commenced to uncover additional mineralization. Gratomic aims to enhance its position in the graphite supply chain, particularly for EV batteries, and has partnered with Forge Nano for value-added graphite production.
Gratomic Inc. (OTCQX: CBULF) has completed an additional 778.2 meters of drilling, bringing the total to 3,162.8 meters as part of its 5,000-meter campaign on the Capim Grosso graphite project in Brazil. 22 diamond drillholes have been completed, with assay results reported for holes 14, 15, and 16. The company is focused on generating a Maiden Mineral Resource Estimate and plans to advance to a Feasibility Study. Internal QA/QC measures confirm the accuracy of the assay values, with all drillholes intersecting graphite.
Gratomic (OTCQX:CBULF) reports significant increases in global natural graphite prices, driven by rising demand in the electric vehicle market. According to Benchmark Mineral Intelligence, the price of graphite fines rose by 44.5% from $500/ton in January 2021 to $723/ton in May 2022, while large flake graphite increased by 19.85% to $1,187/ton. The EV battery sector's graphite demand is projected to scale from 400,000 tonnes in 2021 to 3 million tonnes by 2030, indicating strong market potential. Gratomic aims to secure its position in this growing sector.
Gratomic Inc. announces successful production of its first batch of samples from the Aukam plant in Namibia. The samples, processed by SGS, achieved concentrate grades of 97.4% C(t), meeting specifications for a 97% product. The samples will be used for product qualification and further development of value-added processes.
Gratomic is preparing a Feasibility Study to assess the commercial viability of production. However, no mineral resources have been defined yet, posing risks related to production initiation and economic viability.
Gratomic Inc. announced the acquisition of 100% of the rights to the Jacobina and Igrapiuna Prospects in Brazil, comprising 2,782.01 Ha. The acquisition, valued at $1,768,011, was completed through the issuance of 1,262,865 shares. These properties are strategically located near Gratomic's Capim Grosso project. The company emphasizes its focus on graphite supply for EV batteries and its collaboration with Forge Nano for coating applications. The firm aims to secure a strong position in the market while ensuring quality testing for its graphite products.
Gratomic has completed an additional 130.2 meters of drilling on its Capim Grosso graphite project in Brazil, bringing the total to 2,177.7 meters of a planned 5,000-meter campaign. Eighteen diamond drillholes have been finalized, with two still ongoing. Assay results for holes 12 and 13 have been released, showing significant graphite content, including 1.90 meters at 3.99% TGC from hole CGD012 and 5.00 meters at 9.25% TGC from hole CGD013. The exploration aims to prepare a Maiden Mineral Resource Estimate compliant with NI 43-101 standards.
Gratomic (OTCQX: CBULF) has initiated a 1,250 m Diamond Drill campaign at its Aukam project in Namibia, targeting mineralization below existing mine adits. The first hole, AKD001, aims to replicate prior findings from hole AKR026. Early results indicate vein graphite mineralization approximately 40 m below the primary adit. Gratomic’s collaboration with Forge Nano is expected to enhance its graphite offerings for electric vehicle batteries. The firm continues to explore high-quality graphite assets globally, reinforcing its position in the EV supply chain.
Gratomic has commenced a diamond drilling (DD) campaign at its flagship Aukam Graphite Project in Namibia, officially starting on May 16, 2022. This follows a prior reverse circulation (RC) drilling program that provided key data for target definition. An electromagnetic airborne geophysical survey, completed in April 2022, further refined these targets. Gratomic aims to define mineral resources and has engaged a qualified person for geological reporting. The company is focused on becoming a key supplier of graphite for the EV battery market.