GRATOMIC INC - CBULF STOCK NEWS

Gratomic has successfully closed a tranche of its non-brokered private placement, raising $3,221,000 by issuing 2,300,714 working capital units at a price of $1.40 each. This adds to the total proceeds of $5,532,157 from the offering. Each unit includes a common share and a 0.25 warrant, with the full warrant priced at $1.45. The firm remains committed to advancing its Aukam Graphite Project amid challenging economic conditions. Gratomic aims for product delivery by 2022 and has secured additional offtake agreements.

Gratomic Inc. (OTCQX: CBULF) has been recognized as one of the top 10 mining stocks on the TSX Venture Exchange, achieving third place in the 2022 TSX Venture 50 program. The company highlighted a 306% increase in share price and 681% growth in market cap over 2021. Gratomic continues to focus on becoming a leading graphite supplier in the EV battery market, with its flagship Aukam project and collaboration with Forge Nano for advanced graphite production techniques.

Gratomic Inc. has announced new findings from its 5,000-meter diamond drill program at the Capim Grosso graphite project in Brazil. Currently, 686.65 meters have been drilled, and the introduction of a second rig will expedite the process. The goal is to complete the drilling program and publish a maiden resource estimate according to National Instrument NI43-101. The initial assays are expected to be released soon. This initiative is part of Gratomic's strategy to become a significant player in the EV battery supply chain.

Gratomic (OTCQX:CBULF) announced a commitment of 1 million Namibian dollars (CAD $82,971) to upgrade J.S. Herero Primary School in Namibia as part of its Corporate Social Responsibility initiatives. This funding will enhance the school's facilities, including construction of a new kitchen, renovations to restrooms, and the provision of school uniforms and supplies. The initiative aims to support local education in a region severely impacted by economic challenges and to foster community growth through improved educational resources.

Gratomic has signed a Memorandum of Understanding (MOU) with Millennium Metals LTD and a third party to supply graphite for 60 months, starting with commercial production at the Aukam Graphite Project in Namibia. Initially, Gratomic will deliver 600 tons of graphite per month, scaling up to 1,200 tons after three months. Price agreements include a fixed price of $2,700 per ton for uncoated graphite and $8,000 for coated graphite. However, no feasibility studies have been completed, raising concerns about the project's economic viability.

Gratomic Inc. (OTCQX:CBULF) has signed a term sheet with Millenium Metals LTD to supply graphite over 60 months, beginning with commercial production at the Aukam Graphite Project. Gratomic will provide 30% of its uncoated and 15% of its coated graphite production. Initial pricing is set at $2,700 per ton for uncoated graphite and $8,000 for coated graphite. The company aims to become a leading graphite supplier for electric vehicle batteries. However, no economic viability has been established for the Aukam project.

Gratomic Inc. (TSXV:GRAT)(OTCQX:CBULF) has successfully closed the first tranche of its non-brokered private placement offering, raising $2,311,158 from the sale of 1,650,827 working capital units at $1.40 each. Each unit includes one common share and a quarter warrant, exercisable at $1.45 for six months. The offering aims to secure total proceeds of $27,020,000, with the final closing extended by 30 days. The Company remains focused on becoming a leading graphite supplier for the EV battery supply chain, with significant projects in Namibia, Brazil, and Canada.

Gratomic Inc. announced initial metallurgical test results from its Capim Grosso project in Brazil, achieving a combined concentrate grade of 97.5% C(t) and graphite recovery of 70.1%. Further tests project a closed-circuit recovery of 85-90%. The findings support plans for large-scale processing and expedite engineering for the project. Gratomic aims to replicate the success of its Aukam Graphite Project in Namibia. The company is focused on becoming a leading global graphite supplier, particularly for the EV battery supply chain.

Gratomic has initiated the Operational Readiness (OR) initiative for its Aukam Graphite Processing Plant in Namibia, aimed at minimizing operational risks. The initiative is managed by the Head of Operations, Karl Trudeau, with support from various departments. A schedule for the OR activities is under review, targeting the first Product In Bag (PIB) by March 2022. The Company highlights its commitment to becoming a leading graphite supplier, especially in the EV battery sector, and has partnered with Forge Nano to enhance production capabilities.