Gratomic Inc.

Description

Gratomic Inc is a Toronto-based mineral exploration company that focuses on the acquisition, exploration, and development of low-cost, carbon-neutral and high-grade graphite projects.

The company claims to cater to the customers engaged in the electric vehicle and energy storage supply chains.

Gratomic mainly focuses on advancing its Aukam Graphite Project in Namibia that consists of a past producing mine, and a graphite project in Quebec.

It has entered into an agreement with Forge Nano to expand its portfolio of the Aukam vein graphite.

The metal is used in lithium-ion batteries.

Forge Nano is a surface engineering company that offers nano-coating technology globally.

Aukam Graphite Project

It is situated in southern Namibia in Africa. This historic mine commenced first operations in 1940, the firm claims.

The project is accessible by Highway B4 that crosses Luderitz and Keetmanshoop districts.

In 1974, the company commenced the second phase of operation at the property, which hosts five underground deposits and an open pit representing historical vein graphite structures.

On April 28, 2017, the company claims to have drilled 28 diamond drill holes of up to 630 meters.

The property hosts the following exclusive prospecting licenses:
• EPL 7513
• EPL 3895
• EPL 7512
• EPL 6710

It covers 141,600 hectares in the Karas region of Namibia.

The project infrastructure consists of a paved highway, rail line, water from underground aquifers connecting to Luderitz and Keetmanshoop district near the karas region.

In addition, it is accessible through a rail line and container quay.

The metals and mining firm claims to have got ML 215 license form the government.

The license covers various type of metals and minerals such as base, rare and industrial metals. The license area is surrounded by the Aukam Processing Plant.

Aukam Graphite Project also consists of a production facility.

Gratomic Inc signed two pre-production purchase agreements with Phu Sumika and TODAQ. Phu Sumika utilizes company’s graphite to fulfil its end-user requirements and become the largest graphite distributor for lubricants and batteries reportedly.

Under the agreement, Gratomic agrees to deliver 37,500 tons of graphite for over five years.

While it would provide TODAQ with 5,000 tons of graphite over a three-year term.

Buckingham Graphite property

It consists of eight claim blocks situated approximately 7 kilometers of Buckingham region in Canada. The 480-hectare property lies within the Central Metasedimentary Belt.

The graphite mineralization covers two prime zones, namely the Uncle Zone and Case Zone.