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Gratomic Inc V.GRAT

Alternate Symbol(s):  CBULF

Gratomic Inc. is a Canada-based exploration and development stage company with projects in Namibia, Brazil, and Canada. It supplies graphite and is engaged in the electric vehicle battery supply chain through the development of its flagship Aukam graphite mine and ongoing exploration at the Capim Grosso property. The Aukam property includes a mining license (ML) 215 (5,002 hectares (ha), in respect of base and rare metals, industrial minerals, and precious metals), and an exclusive prospecting license (EPL) 8746 (49,693 ha, in respect of base and rare metals, industrial minerals, and precious metals). The Aukam property is located in the district of Bethanie, Karas region of southern Namibia. The Capim Grosso Graphite project is situated in the center-east portion of the Bahia State, 280 km from the port of Salvador, the state capital, and 166 km from Feira de Santana and covers over 6,312 ha. It also owns a 100% interest in the Buckingham properties located in the Province of Quebec.


TSXV:GRAT - Post by User

Bullboard Posts
Post by letsgetreadyon Jan 30, 2018 9:08am
84 Views
Post# 27461063

BLOCKCHAIN NEWS

BLOCKCHAIN NEWS2018-01-30 08:56 ET - News Release GRATOMIC Executes LOI for the Creation of a Blockchain Based Graphene Ecosystem TORONTO, ONTARIO--(Marketwired - Jan. 30, 2018) -Gratomic Inc. ("GRAT" or the "Company") (TSX VENTURE:GRAT) (FRANKFURT:CB81)(WKN:A2JAP3) is pleased to announce that it has entered into a letter of intent with a strategic partner to establish, fund, design, develop, market, and create an ecosystem for producers and users of graphene in all parts of the graphene food chain based on blockchain technology. This new ecosystem will facilitate distribution and sale of the Company's graphene products being manufactured from graphite produced from its Aukam project in Namibia. Once the strategic partner has completed its design of the ecosystem, the two parties will form a 50/50 joint venture and respectively fund the development of the blockchain until fully commercialized. Consummation of a joint venture agreement is subject to the execution of a definitive agreement by June 30, 2018. Gratomic's strategic partner is well experienced in the blockchain technology and cryptocurrency fields having recently been involved with creating a token for online gaming, as well as providing structural, technical, and strategic advice for other entities within the mining industry. Gratomic's Co-CEO Sheldon Inwentash stated, "With this development, Gratomic will gain benefit through association with a team experienced in operating a diversified business based on blockchain technology which could ultimately increase shareholder value."
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