Gratomic Announces Initial Exploration Results on Capim Grosso Graphite Project in Brazil

TORONTO, ON / ACCESSWIRE / December 9, 2021 / Gratomic Inc. ("Gratomic", "GRAT" or the "Company") (TSXV:GRAT)(OTCQX:CBULF)(Frankfurt:CB82) announces the results of an initial sampling and two trenching programs on the Capim Grosso graphite project located within the Bahia State of Brazil. Gratomic recently announced the acquisition of a 100% interest in the Capim Grosso Project.

Results for the initial sampling and subsequent trenching programs from Capim Grosso have been returned from SGS Geosol in Minas Gerais, Brazil ranging between 3.87 to 41.79% Cg. These samples, retrieved by Nico Scholtz, the Company's QP, have confirmed that the Capim Grosso project is highly prospective for large scale High-Grade graphite mineralization.

Armando Farhate, COO & Head of Graphite Marketing and Sales states "The Geological work performed at Capim Grosso thus far is starting to reveal the huge potential of this deposit and is in line with the expectations that we have had since the beginning. Brazil has always been a graphite powerhouse and this project will further increase the country's importance in this market."

Table 1. Grab sample results from the Capim Grosso area as retrieved by the Company in July 2021. While no internal QA/QC was performed by the QP, SGS Geosol included a Certified Reference Material (CRM) (OREAS 724) which assayed within 97.5 % of the expected graphitic carbon value of the CRM. The QP therefore accepts the values of the laboratory assays.

Upon receiving grab sample results, the Company commenced two trenching programs in August and October 2021. These two trenching programs included the excavation of 42 trenches on site varying in length from approximately 30 to 145 meters and from 1 to 6 meters in depth. These trenches were excavated in areas where grab sample results were positive, or where surface graphite was observed. 31 of the 42 trenches intersected graphite mineralization and an extent of 4 km of mineralized strike length has been confirmed. Trench samples were again sent to SGS Geosol and results are noted below.

Table 2. Trench sample results from the Capim Grosso area as retrieved by the QP in August 2021. While no internal QA/QC was performed by the QP, SGS Geosol included a Certified Reference Material (CRM) (OREAS 724) which assayed within 97.5 % of the expected graphitic carbon value of the CRM. The QP therefore accepts the values of the laboratory assays.

The aim of these trenching programs was to thoroughly define drill targets. On November 22, 2021, the Company commenced a 5000m Diamond drilling program. Once the drilling data is available, the Company intends to retian a qualified person to prepare an initial NI 43-101 resource estimate on the Capim Grosso Graphite Project. Please see HERE for corresponding video on trenching and drilling at Capim Grosso.

"Gratomic has always been a forward-thinking company, intent on establishing itself as a multinational graphite company. The addition of the Capim Grosso graphite project solidifies this goal and secures the company's ability to one day be a significant contributor in bridging the ever-increasing gap between graphite supply and demand," says Arno Brand President & CEO.

Nico Scholtz is a consulting geologist and has reviewed and approved the scientific and technical information in this news release. Mr. Scholtz is a registered Professional Natural Scientist with the South African Council for Natural Scientific Professions (Pr. Sci. Nat. No. 400299/07). Mr. Scholtz is the Company's "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

About Gratomic

Gratomic is focused on introducing an exceptional anode material to the global electric vehicle and energy storage supply chains. True to its roots as an exploration and mining company, Gratomic aims to achieve full operational capabilities in 2022 on its Aukam Graphite Project and continues to diversify its assets into a multi-national company with various projects globally. Large quantities of its naturally high-quality vein 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 the 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.

GRAT has two outstanding off-take purchase agreements with TODAQ and Phu Sumika with contract fulfillment slated to begin in 2022.  Gratomic plans to deliver mine-to-market traceability through its partnership with deeptech company TODAQ by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project.

For more information: visit the website at www.gratomic.ca or contact:  

Arno Brand at [email protected] or 416 561-4095  

Subscribe at gratomic.ca/contact/ to be added to our email list.  

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Forward Looking Statements:

This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com)

SOURCE: Gratomic Inc.