Gratomic Reports Strategic Progress Amid Operational Developments

Gratomic Inc. is advancing its strategic goals with notable progress in operations and market positioning. Recently, the company re-energized efforts, including off-take agreements and facility maintenance. On August 23, staff mobilization commenced, led by Raimund Rental and Helao Shivolo, focusing on preparations for extracting 7,000 tonnes of material. This addition complements a 3,000-tonne stockpile, supporting processing needs for the upcoming year.

Exploration plans, led by Rental, target 10,000 meters of drilling, aiming to finalize data for a Technical Report on the Aukam project. Gratomic is preparing for first-phase production of 7,600 tonnes of a high-grade product with final installations starting in September.

Gratomic transitioned its auditors to McGovern Hurley LLP, expecting to file overdue financial statements soon. Despite advancements, the company highlights the absence of mineral reserves and feasibility studies, contributing to increased operational uncertainties. Gratomic relies on future success in the Aukam project to secure graphite supply.