TSX-V: GRAT
TORONTO, March 4, 2019 /CNW/ - Gratomic Inc.
("Gratomic" or the "Company") (TSX-V:
GRAT) (CB81–FRANKFURT) a vertically integrated
graphite to graphenes, advanced materials development company
announces that it has submitted a full mining license application
to the Namibian Ministry of Mines and Energy.
The company has submitted its application for Mining License 215
(M L215). The License area falls within the proximity of the Aukam
Processing Plant and the Graphite bearing shear zone for a total of
5002 hectares (5002 ha). The mining license was the last step
required for the company to go into full production. The license
submission is timed strategically with the construction of
Gratomic's onsite processing plant located at the Aukam Graphite
Mine in Namibia and in conjunction
with the recently announced long-term Graphene supply agreement
with Vittoria Tires and Gratomic's partner Perpetuus Advanced
Materials.
Gratomic's CO-CEO Arno Brand
stated, "This marks a significant milestone in the
company's path to commercializing its Aukam Graphite mine,
through this submission of our mining license we are now able to
start producing graphite from our Aukam Graphite mine at full
capacity."
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.
"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).
SOURCE Gratomic