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Gratomic Appoints Armando Farhate as Chief Operations Officer and Head of Graphite Marketing and Sales

Posted By Graphene Council, Thursday, July 16, 2020

Gratomic Inc. officially welcomes Armando Farhate aboard as Chief Operations Officer and Head of Graphite Marketing and Sales. Mr. Farhate was previously appointed as Head of the Advisory Board. Due to his extensive and successful experience in the graphite mining industry, Gratomic is thrilled to have him onboard in his new role with the Company.

Mr. Farhate will oversee all operations for the Aukam Graphite Mine in Namibia, Africa. This includes the completion of the final 10% of construction required to take the processing plant into the full commissioning phase. He will also be responsible for the management of graphite product sales and marketing, leading to the procurement of purchase contracts and the vertical integration required for the creation and sale of end-user products. Mr. Farhate’s appointment as Chief Operations Officer is subject to TSX Venture Exchange approval.

Mr. Farhate’s prior experience in the planning, engineering, project management, marketing and sales areas of the graphite mining industry make him the ideal candidate to fill this role. In past projects, he was responsible for quality management, environmental management, and implementing strategic and tactical planning. In addition to operations and graphite marketing and sales, Mr. Farhate will oversee the quality management of the Aukam Graphite Mine and he will coordinate important decisions regarding processing.

Some notable accomplishments in Mr. Farhate’s experience include Natural Graphite Operations/Product Director with Imreys Graphite and Carbon and COO at National de Graphite Ltda. Some of Mr. Farhate’s responsibilities at Imreys included acting as Operations Director, directly responsible for the mining and processing units in Lac-Des-Îles, QC, and Terrebonne, QC, Canada, with 60 employees and annual sales revenue of $ 18 MM CDN. Farhate obtained 15% of OEE improvement and reduction to zero of lost time accidents. He carried out technical visits and operational due-diligences in projects of new industrial units in several countries, including a project that resulted in a joint venture in Namibia, with assets of US$ 40MM and Imreys holding a 51% share of the joint venture.

While at Imreys, Farhate was also responsible for ensuring that the product offering was adequate to the needs of the target markets, which included the preparation and development of business cases aimed at launching new product lines and new production processes; the definition of sales price policies, and the development of Marketing and Sales plans for new industrial units. He was in charge of the long-term strategy for Natural Graphite, including the definition of new production locations and sourcing strategies.

During his time at National de Grafite Ltda., Armando Farhate was responsible for the direct management of Geology, Mine Planning, Mining, Processing, Industrial Engineering, R&D, Quality System, Environment, and Sales & Marketing. He performed high level contacts with federal and state regulatory public organizations in Brazil, as well as with municipalities and state congressmen, regarding mining permitting and environment licensing processes.

Mr. Farhate coordinated new mine opening processes, including the obtaining of mining permissions and environment licenses. He coordinated, together with specialized consultants, mineral assets evaluation processes and implemented control tools generating integrated information about output, efficiency, cost and inventory levels of three different plants and more than 20 product lines, optimizing production planning and order fulfillment and obtaining OEE improvements up to $1.25 MM/yr. CDN at the three industrial units held by NDG.

He led new product and process development, including the negotiation of partnerships with public and private universities in Brazil and abroad with emphasis on the obtaining of graphite oxide and graphene from natural crystalline graphite, and on the development of process technology for lithium-ion battery anode. He conducted, in partnership with HR and Controlling, a restructuring process on administrative and supporting areas, including upper management, with savings of $300,000/yr CDN.

Mr. Farhate’s experience and expertise will undoubtedly be of great value to the Company.

Tags:  Armando Farhate  Graphene  Graphite  Gratomic 

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Gratomic Announces Amendment to Terms of Convertible Debentures and Further Debt Settlement

Posted By Graphene Council, Wednesday, April 22, 2020
Gratomic Inc. wishes to announce that it has amended the terms of the Debenture Units announced in the Press Release issued April 8, 2020 in relation to its engagement of First Republic Capital Corporation ("First Republic") to act as its exclusive lead finder in respect of a non-brokered private placement to raise up to CAD $2,250,000 (the "Offering").

First Republic will act as exclusive lead finder on a commercially reasonable efforts basis to sell up to $1,500,000 aggregate principal amount of convertible debenture units ("Debenture Units") on the amended terms described herein. The Debenture Units will consist of up to 1,500 senior secured convertible debentures, with each Debenture Unit priced at $1,000 consisting of (a) one $1,000 face value convertible debenture, convertible at the option of the holder into common shares of the Company (a "Share") at $0.06 per Share for the first twelve (12) months from the closing of the Offering ("Closing Date"), and thereafter at $0.10 for a further six (6) months, which will bear interest at 10% per year, paid quarterly in cash, until maturity, being 18 months form the Closing Date (a "Debenture Certificate"); and (b) 8,333 share purchase warrants ("Debenture Warrants") with each Debenture Warrant entitling the holder to purchase one additional Share at an exercise price of $0.10 per Share for a period of 18 months from the Closing Date. See the April 8, 2020 Press Release for further details of the Offering.

The Company also wishes to announce that it will settle an aggregate of a further $149,606.75 of debt owed to arm's length parties, one director and two entities related to insiders of the Company for the issuance of 2,493,444 Shares of the Company at a price of $0.06 per share (the "Further Debt Settlement").

All securities issued pursuant to the Offering and the Further Debt Settlement are subject to a statutory hold period of four months and a day following the Closing Date.

Closing of the Offering is expected to occur on or before mid-May 2020. The Offering and Further Debt Settlement are subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the TSX Venture Exchange.

The insider debt settlements are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 ("MI 61-101") by virtue of the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company to be issued to insiders does not exceed 25% of its market capitalization.

Tags:  Graphene  Gratomic 

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Gratomic Appoints Armando Farhate as Executive Management and Head of Advisory Board

Posted By Graphene Council, Thursday, April 9, 2020
Gratomic Inc. would like to welcome Mr. Armando Farhate to the team to advise and oversee the construction and commissioning of the processing plant, Grade and Quality Control Manager, and Head of the Company’s Advisory Board. He will focus on product quality control and will advise on plant construction at the Aukam Graphite Mine in Namibia. With his exceptional experience in the industry, this graphite guru will undoubtedly be an incomparable asset to the company. With over thirty years’ professional experience in various capacities including CEO, COO, Industrial Director, VP/Director/Sales Manager and various other impactful positions in numerous multinational companies, Armando offers experience that most can only envy.

This accomplished professional has conducted business ventures in numerous countries including USA, Canada, Japan, South Korea, England, the Czech Republic, Switzerland, India, China, Italy, France, Germany, Sweden, Spain, the Netherlands, Norway, Argentina, Mexico, Venezuela, Colombia, Peru, Namibia, South Africa, Madagascar and Mozambique. Some of his more notable pursuits included work with companies such as Aperam, Imerys, Nacional De Grafite, GEA Group, Sonoco Products, Menshen / LUKAD Group, Alcan Group / Cebal Brasil / Metalpack Embalagens and COFAP Group as CEO / MD. Mr. Farhate is currently the CEO Tubes Brazil at Aperam, and also acts as a consultant for Market and Business Development at Nouveau Monde Graphite in Quebec, Canada.

Mr. Farhate’s resume’ boasts direct experience in the planning, engineering, research and development, processing, project management, sales, and marketing areas of mining, more specifically, graphite mining. His expertise doesn’t stop there, however, in past projects Armando was responsible for quality management, environmental management, and implementing strategic and tactical planning. As an integral member of the Gratomic Executive team, Mr. Farhate will oversee the quality management of the Aukam Graphite Mine as the Company’s construction and commissioning advisor and oversee Grade and quality Control. As Head of the Company’s Advisory Committee, he will coordinate important decisions regarding processing and quality control activities at the mine.

Gratomic is fortunate to add such an illustrious name to its leadership team. Mr. Farhate is very well known and respected in the graphite mining industry. His knowledge and expertise will foster numerous opportunities for Gratomic, not only through Mr. Farhate’s experience but through his network within the graphite industry as well.

As the Operations and Product Director for Imerys Graphite & Carbon, Armando was directly responsible for the mining and processing facilities at the two sites in Quebec, Canada. He coordinated a joint venture project in Northern Namibia with a market capitalization of 40 million dollars USD and was responsible for ensuring market demand was accommodated. Mr. Farhate was directly responsible for the establishment of new product lines, production processes, pricing, sales management, and marketing campaigns. He established the long term strategy for Natural Graphite, which included sourcing strategy and the definition of new production sites.

Prior to his tenure at Imerys Graphite & Carbon, Mr. Farhate was the Chief Operating Officer at Nacional De Grafite, Ltda. In his capacity as COO for this prestigious graphite company, Armando was directly responsible for the management and overseeing of 650 employees in various areas including geology, mine planning, mining, processing, engineering and projects, research and development, quality systems, environmental management, and sales and marketing.

During his time with Nacional De Grafite, Ltda., Mr. Farhate coordinated the opening of new mines, obtaining all necessary permits and licensing. In addition to the evaluation of all mineral assets, Armando was also responsible for the introduction of controls on production, efficiency, costs and inventory levels of three different plants and more than 20 product lines. He optimized the management of working capital and generated gains of up to BRL 5 million/yr in the industrial units. Mr. Farhate led the development of new products and processes, including negotiating partnerships with public and private universities in Brazil and abroad. He placed an emphasis on obtaining graphite oxide and graphene from natural crystalline graphite, and on developing process technology for lithium-ion battery anodes.

Armando Farhate’s business prowess is backed by a Degree in Mechanical Engineering and an MBA. His professional development endeavors include such topics as leadership, sales, project management, foreign trade, patents, and quality management. Mr. Farhate’s well-rounded business acumen combined with an obvious inclination for challenges beautifully illustrates why he is the ideal candidate for the Head of the Company’s Advisory Board appointment with Gratomic Inc.

Tags:  Armando Farhate  Graphene  Graphite  Gratomic 

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An Up & Coming Winner in the Graphite Market

Posted By Graphene Council, Wednesday, April 1, 2020
Graphite is one of the most robust emerging resource markets in recent times. There is ample opportunity to get in with one Click to enlargejunior mining Company, which has persevered in making profound headway towards production on its Graphite asset in Namibia.

Gratomic Inc. is an advanced mining and exploration Company, focused on mine-to-market commercialization of graphite and graphite products. GRAT is distinct among its peers – it is an organization rapidly evolving from a junior to a fully commercialized mining Company. This is an important distinction in a market that has seen countless others try and fail. Gratomic has worked hard to move towards commercializing its assets in order to maximize shareholder value, which will allow for future growth.

GRAT’s flagship property, the Aukam Graphite Mine, is located in the mining-friendly jurisdiction of Namibia and is the only historical commercial graphite mine in the country. The property hosts a very unique high-grade vein-graphite which is easily processed into graphite concentrates of 97% + Cg without the aid of chemical or acid treatment, exhibiting the raw organic purity.

Gratomic was recently awarded a letter of preparedness by the Namibian Ministry of Mines and Energy to grant the Company its mining license (ML215). Where most companies would only start mine construction at this point in time, Gratomic has been able to complete 90% of construction of the Aukam Processing plant to date. This has been fully facilitated through equity financing without the accumulation of debt vehicles, which is a rare feat in this industry.

Gratomic is entering into a new phase of existence and is working to scale-up its operations to fulfill the first off-take and purchase orders with its key partners. Its graphite concentrate contains no sulphides, demonstrating the high quality and purity of the raw mineral. Gratomic is ready to capitalize on the market, which should be rewarding given that graphite sells anywhere from $1,500 - $3,000 per tonne, depending on purity and flake size distribution.

Leadership Highlights:

This dynamic Company has strategically structured a leadership team and Board of Directors that will add value and allow the Company to capitalize on the strengths of each individual. Just recently, Arno Brand has taken on the full role of President and CEO. With a decade of experience in the mining, financing and commodity brokering combined with his first-hand expertise and knowledge of Namibia, Brand is the ideal CEO candidate for Gratomic.

Gratomic has experienced several additional changes including the departure of Jackson Inwentash and Gerry Feldmand from the Board of Directors. The two new directors are Walter Luke and Alex Helmel. Walter Luke has a background in compliance regulations, telecommunications, and project management. Alex Helmel is an independent management consultant working with early stage venture companies. Each new Director brings experience and expertise, which will be beneficial to the team at Gratomic.

Finally, Mr. Ian Flint has officially rejoined the Gratomic team as the Mining and Processing Engineer. He had previously been an advisor to the Board, but the team is thrilled to have him on board and filling both roles. His knowledge and expertise in this industry is a valuable asset to have.

The Aukam Graphite Mine:

Located close to the Namibian port of Luderitz Bay, the Aukam property covers a historical vein graphite mine that consists of five adits and an open pit. The Company has conducted preliminary work over the last five years to better understand the quality and distribution of the graphite mineralization buried within. The team has come away with the understanding, through recent drilling initiatives, that there is significant potential to expand the mineralization beyond the old workings.

The Company has traced graphite occurrences over a 15 km strike length at surface and anticipates an aggressive drilling campaign, using its own drills, to unlock the potential resource that resides within.

For an in-depth look at what the project has to offer, the Company has offered a 2016 technical report on the Aukam Graphite deposit here. The Company is currently putting together an updated technical report including the operating costs of running the mine and processing plant.

In October 2019; Gratomic reported that it had completed the crushing and grinding circuit at the Aukam mine, with a capacity of up to 50 metric tonnes per hour. During the buildout, the Company also installed and set up the mine’s rougher, cleaner and scavenger flotation columns. The cumulative capacity of the columns combined with the rougher mixing tank and slurry line is initially 2.7 tonnes per hour.

Gratomic Inc. has put 178 tonnes of product through the existing pilot plant, which systematically increased the mineral’s grade to the commercially desirable 95% - 98% Cg (Carbon in Graphite) level. The team indicated that it could upgrade this material even further through air classification to over 99% Cg. Once the build-out is complete, the Company anticipates achieving production of 20,000 tonnes per annum.

With concentrates averaging 98.6%, Gratomic’s CEO Arno Brand stated in an interview with Stockhouse Editorial, that upscaling the graphite past 99% purity would not be a challenge, given the quality of the material coming out of the Aukam mine. He added that it would only take a few added steps of upgrading to get it to that level.

Namibia at a glance:

CEO Brand stated that the country’s government is very mining friendly and very pro-investor. It only took a swift two years for the Company to go from junior explorer to sitting on the verge of being a full mining operation.

Gratomic is in an advantageous situation with the Namibian government, as the Company adheres to stringent environmental standards. The Aukam mine is one of the few graphite projects around and the only one to have historical production on its side.

Demand for Africa’s graphite supply is surging, and many nations are ramping up their production to meet the increased demand from China for a variety of applications, most notably battery material for electric vehicles, laptops and tablets. According to data compiled by Roskill, during the first half of 2019 natural graphite exports from Africa to China rose by more than 170%.

Summary:

Through the accomplishment of key milestones, Gratomic will become fully vertically integrated. Brand outlines below the five major steps necessary to attain this advantageous juncture.

1.Obtain mining license
2. Complete construction
3. Initiate full production
4. Fulfill orders
5. Branch out graphene business into added-value manufacturing

Accomplishing these milestones takes money, time and effort when attempting to build something of tangible value. Investors looking to capitalize on the graphite market should consider the Gratomic proposition for its long-game strategy, its unique operational jurisdiction, and the fact that this investment won’t be undervalued for long.

CEO Quote:

It has been a long road to get to where we are today, our hard work and efforts are shortly to be rewarded as we take the final steps to bring Aukam into Production – Arno Brand, President and CEO.

Tags:  Alex Helmel  Arno Brand  Graphene  Graphite  Gratomic 

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Gratomic Receives Notice to Grant Mining License

Posted By Graphene Council, Monday, March 30, 2020
Gratomic Inc.is pleased to announce, supplementary to its February 21, 2020 Press Release, that it has received a Notice from the Ministry of Mines and Energy of Namibia that the Minister is prepared to grant Mining License 215 (ML215) for its Aukam Graphite Property in Namibia. The License area falls within the proximity of the Aukam Processing Plant and the Graphite bearing shear zone for a total of 5002 hectares (5002 ha). Securing the mining license is a critical step towards moving the Aukam Mine into commercial production.

The Company has completed 8 months of pilot testing on historically mined product and conducted an internal study on the efficiency of the pilot processing facility on this material. Through rigorous testing and adjustments to the plant, Gratomic can now produce a concentrate of up to 98% Cg. Management has subsequently decided to build a 20 000 tonne per annum processing plant. To date, 90% of construction is complete. Upon completion of the remaining 10%, the Company will initially start processing material from historical workings left at the surface when the mine last operated in 1974.

The Company has recently appointed Dr. Ian Flint to complete a preliminary economic assessment on the Aukam Processing plant. The study, its recommendations, and their subsequent implementation, will ensure the scale up of the existing pilot plant to a commercial scale processing facility that will provide the desired concentrate grades and production rates.

With respect to site exploration, in the coming months diamond drilling will resume at Aukam Graphite. The drilling will be conducted utilizing Company owned drilling equipment, focusing on areas proximal to graphite mineralization, depicted by previous diamond drilling, underground excavation and surface outcrop sampling. The drill targeting will be systematic with the expectation of producing an NI 43-101 resource estimate.

Arno Brand, President and CEO of the Company stated that "the Company will be able to satisfy all of the conditions in the Notice and proceed to commercialization of its Aukam Graphite Mine. This marks a significant milestone for the Company."

Risk Factors

No mineral resources, let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam Property. The Company is not in a position to demonstrate or disclose any capital and/or operating costs that may be associated with the processing plant.

The Company advises that it has not based its production decision on even the existence of mineral resources let alone on a feasibility study of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit.

Historically, such projects have a much higher risk of economic and technical failure. There is no guarantee that production will begin as anticipated or at all or that anticipated production costs will be achieved.

Failure to commence production would have a material adverse impact on the Company's ability to generate revenue and cash flow to fund operations. Failure to achieve the anticipated production costs would have a material adverse impact on the Company's cash flow and future profitability.

Steve Gray, P. Geo. has reviewed and approved the scientific and technical information in this press release and is the Company's "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

Tags:  Arno Brand  Graphene  Graphite  Gratomic  Ian Flint  Steve Gray 

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Gratomic Provides Update to Shareholders

Posted By Graphene Council, Tuesday, February 25, 2020
Gratomic Inc is pleased to provide the following update to shareholders on general operations and the issuance of mining license ML215.

Mining License Update


On the 24th of January the Company's Co-CEO, Arnoldus Brand met with the Ministry of Mines and Energy in Namibia to satisfy a request that came from the special committee that is in charge of recommending the mining license request to the Minister of Mines and Energy, to provide an update on mine development and to fulfill certain criteria required for the approval of the mining license.

The Company is happy to report that it fulfilled 100% of the required criteria during the meeting and was requested to amend the current Environmental Impact Assessment and Environmental Management Plan over EPL 3895 to include ML 215.

After meeting with the members of the special committee, the Company immediately engaged Risk-Based Solutions (RBS) CC, Consulting Arm of Foresight Group Namibia (FGN) (Pty) Ltd, to start amending the EIA and EMP to include ML215. The final submission of the amended EIA and EMP was done on the 17th of February 2020. Through this submission Gratomic has now fulfilled all requirements to satisfy the committee's requests and is now waiting to hear back from the Ministry of Mines and Energy with respect to the granting of mining licence ML215.

We would like to thank the Ministry for their co-operation and hard work to help Gratomic advance towards a mining company from a junior exploration company.

Operations Update

The Chinese manufacturing facility that is supplying the last pieces of equipment that make up the greater part of the drying circuit for the Aukam mine graphite processing plant has experienced significant delays due to the impact of the Coronavirus and has been unable to ship the equipment. The Company has been waiting for correspondence from the manufacturer on the platform designs that are required to be poured at the same time as the shipment leaves China to provide a sufficient curing period for the concrete platforms. The minimum shipping time from China to Namibia is 39 days once the equipment leaves port. We foresee further delays at both the port of China and the port of Walvis Bay given strict quarantine restrictions at both ports currently.

On the 19th of February the Company received feed-back from the manufacturer on the platform designs and confirmation that some of the staff have returned back to the factory and it is now able to proceed with shipping of the remaining equipment.

The List of Equipment from China includes the following:

Cyclone Cluster

10 m Electrical Dryer

Thickener

600 mm conveyor belt

Filter press

Slurry pumps and lines

The equipment was specifically designed and built to accommodate mass balance pull and the treatment of Aukam Graphite based on the results of our pilot testing programs.

The remainder of the equipment has already been set up on site and what remains is the arrival of this equipment to fully complete the 20,000 tonnes per year operating capacity of the processing facility.

We appreciate the patience of our shareholders during this delay.

We further sympathize with our Chinese vendors as they have been going through a difficult time.

Management Update

In an effort to reduce the Company's expenditures, the majority of Namibian staff and management has agreed to go to 50% remuneration as per SECTION 12 (6) OF THE NAMIBIAN LABOUR ACT NO 11 OF 2007 until the granting of ML215. The Canadian management team has lead by example by doing the same in an effort to preserve capital for operations.

The efforts by the Namibian team to agree to such conditions is extraordinary and shows their commitment to the success of the business.

We thank each and every one of our devoted and hard-working employees for their commitment towards the success of Gratomic as a company.

Financing Update

Gratomic further pushes to conclude its current financing as the Company moves towards fully commercializing its assets.

To date the Company has raised CAD $626,000 of up to a CAD $2.5 million-dollar issuance.

Management has excelled beyond their calling to do as much as they can to further operations along and will continue to work relentlessly to earn success.

TODA Notes Update


Further to the press release of October 17, 2019, where Gratomic announced the Supply Agreement with TODAQ Holdings ("TODAQ") to supply TODAQ with an aggregate of USD $25,000,000 of graphite, payable in TODA Notes ("TDN"), and the subsequent press release on December 20, 2019 where Gratomic received its first of two purchase orders from TODAQ, Gratomic is pleased to provide an update on the current status of TDN trading. TDN has been trading on BitForex, a digital asset exchange, with a 30-day average price and volume of approximately USD $0.24 and USD $950,000, respectively. TDN first started trading on Bitforex on November 1, 2019 at a price of USD $0.10 and a volume of USD $300,000. To follow TDN, please click the following link: https://www.bitforex.com/en/spot/tdn_btc. No TDN will be issued to the Company until the equipment arrives from China and the processing plant is in production.

Arno Brand, Co-CEO, stated: "These have been trying times for the Company as it progresses its efforts to evolve from a junior exploration company to a mining company. The achievements of those that have sacrificed their time in making it a reality will not go unnoticed. The Company is still in a very strong position as it has built its operations without having to fall on the assistance of an abusive debt transaction that will impede its profitability and damage shareholder value going forward. I am proud of our team for their patience and hard work as we wait for our mining license. I would further like to thank all the shareholders for their continued support."

Risk Factors

No mineral resources, let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam Property. The Company is not in a position to demonstrate or disclose any capital and/or operating costs that may be associated with satisfying the terms of the TODAQ Supply Agreement.

Gratomic wishes to emphasize that Supply Agreement is conditional on Gratomic being able to bring the Aukam project into a production phase, and for any graphite being produced to meet certain technical and mineralization requirements.

Gratomic continues to move its business towards production and as part of its business plan, expects to obtain a National Instrument 43-101 Standards of Disclosure for Mineral Projects technical report to help it ascertain the economics of Aukam. Presently the Company uses its existing pilot processing facility to produce certain amounts of graphite concentrate from accumulated surface graphite.

The Company advises that it has not based its production decision on even the existence of mineral resources let alone on a feasibility study of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit.

The Supply Agreement provides that if Gratomic is unable to deliver graphite in accordance with the orders from Todaq, Todaq has the right to refuse to take any subsequent attempt to fulfill the order, terminate the agreement immediately, obtain substitute product from another supplier and recover from the Company any costs and expenses incurred in obtaining such substitute product or suing for damages under the contract.

Historically, such projects have a much higher risk of economic and technical failure. There is no guarantee that production will begin as anticipated or at all or that anticipated production costs will be achieved.

Failure to commence production would have a material adverse impact on the Company's ability to generate revenue and cash flow to fund operations. Failure to achieve the anticipated production costs would have a material adverse impact on the Company's cash flow and future profitability.

Steve Gray, P.Geo. has reviewed and approved the scientific and technical information in this press release and is Gratomic's "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

Tags:  Arnoldus Brand  Graphene  Graphite  Gratomic 

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GRATOMIC RECEIVES FIRST TWO PURCHASE ORDERS FOR PRE-GRAPHENE GRAPHITE FROM TODAQ

Posted By Graphene Council, Saturday, December 21, 2019
Gratomic Inc a vertically integrated graphite to graphenes, advanced materials development company announces it has received its first two purchase orders for a total of USD 6 Million following a previously announced supply agreement on October 17, 2019 (https://gratomic.ca/gratomic-signs-deal-to-supply-graphite-to-todaq/) for an aggregate of USD $25,000,000 of graphite in an all-digital-asset deal from TODAQ STAR Program Phase 1 Corp, a subsidiary of TODAQ Holdings. The purchase orders are each for 600 tonnes of graphite valued at USD $6,000,000 solely payable in TDN at a price of USD$0.10 per TDN for an aggregate of TDN 60,000,000 that is to be delivered within 90 days.

Subsequent to the success of the initial delivery, TODAQ will place one additional order of 600 tonnes of graphite with 30 day intervals bringing the total to 1800 tonnes of graphite for USD $9,000,000 in consideration for the issuance of an aggregate of 90 million TDN. Thereafter, TODAQ will place orders on a monthly basis with the value of USD $484,848.49 based on both the purchase price for graphite and the exchange between USD and TDN applicable at the time over a period of 39 months.

The agreement marks the first steps towards a significant journey for Sovereignty Tech pioneer TODAQ, with a strategic intention towards both building its TDN rewards program and allowing cryptographic ownership of commodities so that all business, people and markets can transact quickly with security and long-term stability. Furthermore, the graphite will sit in the TDN reserve backstop as part of a diverse set of commodities to underpin the true value of deployed TDN with physical substance and utility.

No mineral resources, let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam Property. The Company is not in a position to demonstrate or disclose any capital and/or operating costs that may be associated with satisfying the terms of the Todaq Supply Agreement.

Gratomic wishes to emphasize that Supply Agreement is conditional on Gratomic being able to bring the Aukam project into a production phase, and for any graphite being produced to meet certain technical and mineralization requirements.

Gratomic continues to move its business towards production and as part of its business plan, expects to obtain a National Instrument 43-101 Standards of Disclosure for Mineral Projects technical report to help it ascertain the economics of Aukam. Presently the Company uses its existing pilot processing facility to produce certain amounts of graphite concentrate from accumulated surface graphite.

Risk Factors

The Company advises that it has not based its production decision on even the existence of mineral resources let alone on a feasibility study of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit.

The Supply Agreement provides that if Gratomic is unable to deliver graphite in accordance with the orders from Todaq, Todaq has the right to refuse to take any subsequent attempt to fulfil the order, terminate the agreement immediately, obtain substitute product from another supplier and recover from the Company any costs and expenses incurred in obtaining such substitute product or suing for damages under the contract.

Historically, such projects have a much higher risk of economic and technical failure. There is no guarantee that production will begin as anticipated or at all or that anticipated production costs will be achieved.

Failure to commence production would have a material adverse impact on the Company's ability to generate revenue and cash flow to fund operations. Failure to achieve the anticipated production costs would have a material adverse impact on the Company's cash flow and future profitability.

Steve Gray, P.Geo. has reviewed, prepared and approved the scientific and technical information in this press release and is Gratomic Inc's "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

Tags:  Graphene  Graphite  Gratomic  P.Geo  Steve Gray  TODAQ 

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Gratomic Launches its first production of graphene from Gratomic Graphite Derived Product

Posted By Graphene Council, Thursday, May 30, 2019
Updated: Saturday, May 25, 2019

Gratomic Inc. has announced its first graphene from Gratomic Graphite derived product. Gratomic graphenes derived from Gratomic graphite mined from its Aukum Mine located in Namibia are being used to manufacture Graphene enabled conductive inks and pastes. The inks and pastes (to the best of the Company's knowledge) are amongst the most conductive carbon inks and pastes currently available within the global market place.

The Gratink product is formulated specifically to meet the needs of the printed flexible electronics and EMI shielding markets. Electromagnetic interference (EMI), sometimes referred to as radio-frequency interference (RFI) is a disturbance generated by an external source that affects an electrical circuit by electromagnetic induction, electrostatic coupling, or conduction.

The Gratink and paste applications based on surface modified nano graphene "enablers" offer a product for market penetration into the information technology sector that is now an important aspect of our everyday life.  

The Gratomic Gratink product delivers a functional print and coat component solution.

Due to a multiple range of potential applications including antennas, RFID tags, transistors, sensors, and wearable electronics, the development of printed conductive inks and coatings for electronic applications is growing rapidly. Currently available conductive inks exploit metal nanoparticles to realize electrical conductivity.

Traditionally, metallic nanoparticles are normally derived from silver, copper and platinum based enablers which can be expensive and easily oxidized.

The Gratink product is designed to fill a gap in both the flexible printed electronics and EMI market space where metallic nanoparticle solutions are unnecessary.

Gratink is initially available to meet customer printing and coating preference specifications for R&D purposes with orders available in one-kilo packages.

Following satisfactory customer preproduction qualification, the products can then be varied so they are suitable for printing and coating in bulk quantities formulated to specification and made available as required in 10's to 100's of kilos or tonnes.

Please note - Inks and pastes are prepared for all currently available methods of printing and coating with the exception of ink jet printing.

Sheldon Inwentash Co-CEO of Gratomic commented. "Gratomic is delighted to offer their first product of a planned product range based on the Company's graphene derived from graphite mined from its Aukum Mine."

Gratink is a collaborative development product formulated in tandem with Perpetuus Carbon Technology Wales UK and Gratomic Inc.

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Are you interested in developing graphene enhanced products or applications?

Find a suitable application partner / supplier through The Graphene Council 

Tags:  coatings  Graphene  Graphite  Gratomic  nanoparticles  Perpetuus Carbon Technologies  Sensors  Sheldon Inwentash 

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Gratomic Announces Signing of a Definitive Graphite Concentrate Sales Agreement and Exclusive Marketing Agent for Continental Europe

Posted By Graphene Council, Tuesday, May 14, 2019

Gratomic announces the entering into of a definitive off take agreement for graphite concentrate to be produced from its Aukam Graphite mine in Namibia.

As part of the Graphite Concentrate sales Agreement (Sales Agreement), Gratomic has appointed Phu Sumika ("PSK") as its exclusive marketing agent, in continental Europe, for the sale of graphite concentrate to the refractory, lubricant and battery Markets.

Pursuant to the Sales Agreement, PSK will purchase up to 7,500 Dry Metric Tonnes annually, for a period of five years from the date commercial production commences at Aukam. The contract contemplates the sales of graphitic product ranging from 80% Carbon to 99.9% Carbon at prices ranging between US$500-US$2800 per Metric Tonne (depending on grade, moisture content and industry use).

Gratomic is satisfied with the high value range of product pricing for the selected markets. Gratomic has delivered PSK with samples grading 92%, 97%, 99% and 99.9% over the past 3 months for testing in a verity of end uses. The results now positively match buyer specifications and will qualify the sales agreement for deliveries going forward.

Aukam Production Update

Gratomic has recently consulted with a processing expert in Toronto and has been able to produce several batches of Battery Grade Graphite grading over 99.9% the Company is currently compiling a budget to integrate the suggestive plant adjustment onto its processing circuit within the next 3 months. This will allow the company to commence with the production and sale of battery grade Graphite targeted towards the rapidly growing battery industry mainly being dominated by the increase of demand for electric vehicles worldwide.

In addition Gratomic expects the delivery of the final components of its Aukam processing plant within the next 49 days, this will complete the construction of the first phase of our Processing facility and bring it up to a 3 metric tonne per hour Processing Capacity.

The company continues its focus on further developing and commercializing its Graphene Processing capacity in wales through its partnership with Perpetuus carbon technologies and anticipates soft launching its Gratomic fuel efficient tire in the summer. Gratomic has recently prepared an additional 2 tonnes of Graphite concentrate which it will be shipping to wales in the coming days for converting into high quality Graphenes targeted for the use and development of several high value Graphene applications.

Gratomic's CO-CEO Arno Brand stated, "The entering into of the sales agreement and exclusive marketing agreement with Phu Sumika is the culmination of several years of work, Gratomic is now well positioned and ready to monetize its operations through graphite sales. We thank our loyal shareholders for their support throughout  the years and their contributions in helping us in commercialize the Aukam Mine"

Tags:  Arno Brand  Battery  Graphene  Graphite  Gratomic 

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Gratomic Submits Mining License Application

Posted By Graphene Council, Monday, March 4, 2019

Gratomic Inc. today announced that it has submitted a full mining license application to the Namibian Ministry of Mines and Energy.

The company has submitted its application for Mining License 215 (M L215). The License area falls within the proximity of the Aukam Processing Plant and the Graphite bearing shear zone for a total of 5002 hectares (5002 ha). The mining license was the last step required for the company to go into full production. The license submission is timed strategically with the construction of Gratomic's onsite processing plant located at the Aukam Graphite Mine in Namibia and in conjunction with the recently announced long-term Graphene supply agreement with Vittoria Tires and Gratomic's partner Perpetuus Advanced Materials.

Gratomic’s CO-CEO Arno Brand stated, “This marks a significant milestone in the company’s  path to commercializing its Aukam Graphite mine, through this submission of our mining license we are now able to start producing graphite from our Aukam Graphite mine at full capacity”

Tags:  Arno Brand  Graphene  Graphite  Gratomic  Perpetuus Advanced Materials  Vittoria 

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