Gratomic Announces Successful Startup of Aukam Proccesing Plant
07 Mai 2018 - 2:00PM
Gratomic Inc. (“Gratomic” or the “Company”)
(TSX-V:GRAT) (FRANKFURT:CB81) a vertically integrated graphite to
graphenes, advanced materials development company is pleased to
announce that its Aukam processing plant has been commissioned
successfully and an initial shipment of graphite concentrate has
been made.
The Aukam processing plant was constructed between December 2017
and March 2018, with initial throughput and optimization reached
during March and April 2018. To date, the plant has generated 4.5
tonnes of graphite concentrate grading between 88%-95% Carbon as
Graphite (“Cg”) of which 2.25 tonnes of
concentrate has been shipped to Perpetuus Carbon Technologies
(“Perpetuus”) for the manufacture of graphenes to
be used in the automobile bicycle tire industry. Gratomic and
Perpetuus are currently in collaboration to build on Perpetuus’
capability to initially provide 500 tonnes of surfaced modified
graphenes per annum to support the volumes required by the tire
manufacturing industry (see March, 4, 2018 news release). The first
cycle tire order for the graphenes to a globally recognised brand
is planned for delivery at the end of the second quarter of 2018.
Additional applications that have now been generated in a
preproduction format include radiant heating membranes and super
hydrophobic coatings with an addressable market that includes:
marine, oil & gas, power generation, industrial (repair &
maintenance), infrastructure (new build) and automotive &
transportation among others.
Gratomic’s CO-CEO Arno Brand stated, "The
successful start-up of our Aukam processing plant is a major
milestone for the Company, one that allows us to begin feeding
concentrate to Perpetuus for the manufacturing of graphenes for use
as a material enhancing filler within tire elastomers."
The Aukam processing plant uses a simple
crushing, grinding and flotation system with a current capacity of
600 tonnes per annum. Construction is already underway for the
installation of a larger mill with a 10,000 tonne per annum
capacity.
Graphite Feed for the Aukam processing plant is
obtained from screening and sorting of stockpiles existing from
historical and recent mining. An average feed grade of 56.29% Cg
with a range of 41.55% Cg to 63.87% Cg was determined from ten, 2kg
to 30kg, grab samples from across the stockpiled lumps (see June 3,
2016 and July 12, 2016 news releases). Note that assays of grab
samples should not be taken as representative of the mineralization
on the Aukam property as a whole.
The technical content of this News Release was
reviewed and approved by Roger Moss Ph.D., P.Geo, a qualified
person as defined by National Instrument 43-101.
About Gratomic Inc.Gratomic is
an advanced materials company focused on mine to market
commercialization of graphite products most notably high value
graphene-based components for a range of mass market products. We
are collaborating with a leading European manufacturer of graphenes
to use Aukam graphite to manufacture graphene products for
commercialization on an industrial scale. The company is listed on
the TSX Venture Exchange under the symbol GRAT.
For more information: visit the website
at www.gratomic.ca or contact:Arno Brand, Co-CEO, +1
416-561-4095 E-mail inquiries:
abrand@gratomic.ca
“Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.”
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).
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