Gratomic (TSX.V: GRAT) (OTCQX: CBULF) (FSE: CB82), a multinational company with projects in Namibia, Brazil and Canada, is partnering with TM2 Verticals. The two companies entered into a commercial partnership and sales agreement for Gratomic to sell concentrate to the partnership for the joint supply of value-added applications. According to the announcement, initially the focus will be on alkaline batteries. Earlier this week, Gratomic executed a purchase order to supply TM2 with 1 tonne of graphite concentrate; the concentrate came from Gratomic’s Namibia-based Aukam Vein Graphite mine. The concentrate will be sent to South Africa for further upgrading and then shipped to midstream U.S. and European processors that will convert the material into a purified flake graphite (“PFG”) equivalent for use in alkaline batteries.
The announcement noted that funding for this pilot processing comes from an anonymous end user that anticipates entering into a direct purchase agreement with the commercial partnership after the supply chain and the PFG have been qualified. According to the announcement, this arrangement may be a first of its kind in the graphite industry for an up-and-coming producer and “shows the power of vertical integration and the benefit of early partnerships with the right people.” TM2 and Gratomic have been working together for the past two years. “We foresee that over the next 36 months, every major OEM on the planet will be backwards integrating to the mine — securing long-term supply and a reliable supply chain,” said TM2 CEO Petur Georgesson in the press release. “TM2 realized this several years ago and became one of the first movers in the battery metals space to start building globally integrated and connected markets. Gratomic has been a key visionary in the graphite vertical, and this partnership is a powerful step towards building market liquidity, transparent pricing and interconnectivity from source to consumer,”
To view the full press release, visit https://ibn.fm/7ZGqk
About Gratomic Inc.
Gratomic is a multinational company with projects in Namibia, Brazil and Canada. The company is focused on becoming a leading global graphite supplier and aims to secure a strong position in the electric vehicle (“EV”) battery supply chain. With the continued development of its flagship Aukam Project and further exploration on its Capim Grosso property, Gratomic sets itself apart by seeking out unique top-quality assets around the world. True to its roots, the company will continue to explore graphite opportunities displaying potential for development. Gratomic ranked third place in the top 10 performing mining stocks on the 2022 TSX Venture 50(TM). Large quantities of high-quality vein graphite have been shipped for testing to confirm its viability as an anode material. Gratomic is confident that the test results will provide a unique competitive advantage in its desired target markets. The company will continue to update the public on the status of these tests and will provide results as soon as they become available. For more information about the company, visit www.Gratomic.ca.
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