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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

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Post by SeedsofDoubton Dec 11, 2024 12:48pm
65 Views
Post# 36356938

Another nail in the coffin

Another nail in the coffinThe Company allowed certain of the mining claims comprising the Capim Grosso Property to expire with a view to focusing Management's attention and resources on its Aukam Property in Namibia. The costs of further exploration and development of the Capim Grosso Property would have been a drain on the Company's resources that were not justified in the current market environment. However, the remaining claims on which significant expenditures had been made have been wrongfully transferred by the former Chief Operating Officer and Head of Graphite Marketing & Sales Officer and director of the Company, Armando Farhate.
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