Gratomic (TSX.V: GRAT) (OTCQX: CBULF) (FRA: CB82) has acquired the remaining interest in Gazania Investments Two Hundred and Forty Two (Proprietary) Limited. Gazania Investments is a Namibian company holding licenses on Aukam property based on a definitive agreement with Next Graphite Inc. With the acquisition, Gratomic now owns 100% of the rights and interests in the Aukum mining license and exploration license. The transaction involved Gratomic issuing more than 25 million common shares in the capital of the company to NextG and 10 NextG shareholders, along with $100,000 in cash. In addition, Gratomic will pay NextG $500,000 from the first $1,000,000 of net revenue generated from sales of graphite mined from the Aukam property pursuant to the issuance of the additional shares and the agreement to pay $250,000. Also as part of the acquisition, NextG president and CEO Cliff Bream will join Gratomic’s board of directors. “We are very pleased to have acquired the remaining 37% interest in the Aukam project,” said Gratomic president and CEO Arno Brand. “On behalf of the Board of Directors of Gratomic, I would like to welcome Cliff Bream to the board. I look forward to working with Cliff to continue a strategic business relationship and build a strong future for Aukam together. I would also like to thank Lynne Brand for her service to the Company as a director.”
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About Gratomic Inc.
Gratomic is focused on introducing an exceptional anode material to the global electric vehicle and energy storage supply chains. The company aims to achieve full operational capabilities in 2021, with further plans to take its Aukam Graphite Project fully solar by 2022. Large quantities of its naturally high-quality graphite have been shipped for testing to confirm its viability as an anode material. Gratomic is confident that the results will provide a unique competitive advantage in its desired target markets. The company’s recent collaboration agreement with Forge Nano has advanced the developments on its graphite finalization phase for the micronization, spheronization and patented ALD coating of its Aukam vein graphite for use in lithium-ion batteries. Forge Nano is a global leader in surface engineering and precision nano-coating technology, using atomic layer deposition. CBULF has two outstanding off-take purchase agreements with TODAQ (“TODAQ”) and Phu Sumika with contract fulfillment slated to begin in 2021. Gratomic plans to deliver mine-to-market traceability through its partnership with deep-tech company TODAQ by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. For more information about the company, visit www.Gratomic.ca
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