Gratomic (TSX.V: GRAT) (OTCQX: CBULF) (FSE: CB82) today disclosed the preliminary (simplified) Process Flow Diagram (“PFD”) for its 100% owned Capim Grosso project, located in the mining friendly jurisdiction of Bahia, Brazil. Following the Feb. 7 announcement of the results from initial metallurgical tests performed on trenched material, the company’s technical team has initiated preliminary engineering for the project, which will include completion of a mass and water balance PFD and process design criteria (“PDC”). According to the update, the engineering design will facilitate the development of preliminary operating and capital expenses (“OPEX” and “CAPEX”) for the project. As Gratomic proceeds with the current 5,000-meter drilling program, it will continue to conduct new tests with the drill core samples in order to optimize engineering design for the flotation circuit and factor in the requirements to process the material at depth. “We are very proud to be true to our vision of agility, out-of-the-box thinking, and return to shareholders and stakeholders,” said Arno Brand, Gratomic’s CEO and president. “The speed we have been moving in the Capim Grosso project is good evidence of that.”
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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 the company’s 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. 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. The company has formed a collaboration agreement with Forge Nano. With its patented Atomic Layer Deposition (“ALD”) coating, this cooperation with Forge Nano is a key element to support Gratomic’s strategies towards the value-added phases of production of graphite for anode applications, namely micronization, spheronization and coating, making Gratomic graphite a preferred choice for use in lithium-ion batteries. For more information about the company, please visit www.Gratomic.ca.
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