February 26, 2024


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Gratomic Upgrades Pre-Purchase Settlement with Crypto Currency Corporation to Battery Quality Graphite for the EV Marketplace

TORONTO, ON / ACCESSWIRE / January 12, 2021 / Gratomic Inc. (“Gratomic” or the “Company”) (TSXV:GRAT)(FRANKFURT:CB82)(WKN:A143MR)(OTCQB:CBULF) needs to announce that it has upgraded its pre obtain arrangement with engineering firm, TODAQ Star Method Phase 1 Corp.(“TODAQ”), a subsidiary of TODAQ Holdings Inc., pursuant to the conditions of a new arrangement dated January 7, 2020 in between the Organization and TODAQ (the “Supply Agreement”) to deliver battery grade graphite SG16 for the EV Battery Marketplace. TODAQ is proposed to acquire an aggregate of graphite valued at US$25,000,000 from Gratomic’s Aukam Graphite Task in Namibia around a 36-month period of time in exchange for a non-income digital asset made by TODAQ as a medium for exchange and shop of price identified as a TODA observe (“TDN”). The Provide Arrangement achievement has been negotiated at an trade rate of USD$.30 for every TDN be aware.

The Supply Settlement contemplates that Gratomic will provide, to TODAQ, 5,000 tonnes of SG16 merchandise valued at USD$25 million beneath the terms of the agreement, about a 36-month interval. TODAQ will place in an initial buy of 1,800 tonnes, valued at USD $9 million, in trade for 30,000,000 TDN, in excess of the initially 90-working day period of the deal. The first arrangement with TODAQ introduced in the Press Release dated October 17, 2019, and referred to in the Press Launch dated Could 25, 2020, provided that the to start with 1800 tonnes of merchandise would be ordered on the basis of an exchange price of USD$.10 for every TDN with the equilibrium staying bought at the current market price for TDN.

The Supply Settlement now fixes the value of the TDN notes at USD$.30 for the invest in of the total 5000 tonnes delivering a preset benefit and certainty for the Organization. The 1st shipping and delivery date has not nevertheless been established and will count on when the Business completes the building of its processing plant at the Aukam Task in Namibia (see Press Launch dated December 31, 2020 for an update on the position of the processing facility). When the Business is prepared to produce the SG16 item to TODAQ, it will inform TODAQ. TODAQ will then post a order purchase for an initial 600 tonnes of merchandise valued at $3 million and TODAQ will issue 10 million TDN to the Organization. The Firm will have 90 times thereafter to deliver the merchandise to an on-internet site warehouse at the Aukam Assets less than the control of TODAQ which will represent superior shipping and delivery for the product. The Company intends to hold on to any TDN acquired for a minimal 6 months soon after which it will begin liquidating the TDN into cash. See “Risk Factors” beneath.

As aspect of the Offer Settlement, equally TODAQ and Gratomic will also be setting up a jointly owned entity, Q Corp, to hold an first reserve of 60 million TDN to be utilised to make a treasury of commodities like graphite. As very well, Q Corp will be provided with electronic provide chain, custody, wallet and buying and selling answers by TODAQ United states of america, the electronic alternative service provider of TODAQ, so Gratomic shoppers and graphite house owners can have verifiably authentic and clear graphite which can be traded peer-to-peer and brought to exchange marketplaces. Q Corp delivers the solution to Gratomic to trade excess production coming from its Aukam Processing facility to Q Corp.

SG16 is a battery quality graphite that can be made use of for anode content in the greater part of Li-ion batteries concentrating mostly on the EV sector.

The graphite is to be purchased by TODAQ to sit in reserve as a backstop to underpin the value of deployed TDN. The TDN will make it possible for for cryptographic possession and tracking of commodities as they are processed and traded.

The Offer Agreement offers that if Gratomic is not able to supply graphite in accordance with the orders from TODAQ, TODAQ has the proper to refuse to acquire any subsequent endeavor to fulfil the purchase, terminate the agreement immediately, obtain substitute solution from one more supplier and get well from the Corporation any fees and charges incurred in obtaining these kinds of substitute merchandise or suing for damages less than the deal.

The Offer Arrangement supplies that the graphite to be shipped will comprise the SG16 solution pre-requirements. For more information and facts, please adhere to this connection to see the Company’s present Corporate Presentation, preliminary products data is mentioned on web site 48.

“The recent progress of electronic currency marketplaces demonstrates the value of Gratomic remaining ahead of the opposition with this pre-obtain agreement. We will be the to start with organization to commercialize graphite with this modern technologies.” commented Armando Farhate, COO and Head of Graphite Marketing and advertising and revenue.

“The adjustment to our existing TODAQ settlement will come as a welcome modify as the Corporation proceeds to regulate its primary focus toward the swiftly escalating electrical auto current market. TODAQ delivers a very exceptional and innovative platform, as a result of which Gratomic can carry shareholder benefit by way of bridging the Company’s asset into a non-Fiat medium” said Arno Manufacturer, President & CEO of Gratomic Inc.

Gratomic wishes to emphasize that no Preliminary Economic Evaluation (“PEA”), Preliminary Feasibility Analyze or Feasibility Research has been concluded to support any stage of production. In simple fact no mineral resources, allow by itself mineral reserves demonstrating economic viability and specialized feasibility, have been delineated on the Aukam Residence.

The Firm engaged Dr. Ian Flint, Ph.D., P. Eng. (BC), a Competent Human being as that time period is outlined below Countrywide Instrument 43-101 Benchmarks of Disclosure for Mineral Assignments (“NI 43-101”) to finish a preliminary economic evaluation (PEA) on the Aukam Processing plant based mostly on a useful resource estimate to be ready by another Capable Particular person. The research, its tips, and their subsequent implementation, will provide conclusions and suggestion at a PEA stage of comfort relating to the scale up of the existing processing plant to a business scale processing facility that will provide the ideal concentrate grades and output costs. A preliminary economic evaluation is preliminary in mother nature, and there is no certainty that the preliminary economic assessment will be understood.

The Company is not in a posture to demonstrate or disclose any capital and/or operating expenditures that could be connected with the processing plant, nor the Company’s potential to fulfil its obligations to deliver the 1800 tonnes of graphite as essential by the purchaser orders.

Gratomic needs to emphasize that the offer of graphite pursuant to any off-consider or offer agreement referred to in this Press Release is conditional on Gratomic staying capable to deliver the Aukam undertaking into a generation period, and for any graphite staying generated to fulfill certain technical and mineralization needs. See “Risk Factors” underneath.

Hazard Things

No mineral methods, let alone mineral reserves demonstrating financial viability and specialized feasibility, have been delineated on the Aukam Assets. The Firm is not in a place to display or disclose any funds and/or functioning expenses that could be related with the processing plant.

The Organization advises that it has not centered its output decision on even the existence of mineral sources enable on your own on a feasibility review of mineral reserves, demonstrating economic and technical viability, and, as a consequence, there may perhaps be an increased uncertainty of attaining any distinct stage of recovery of minerals or the value of these recovery, which includes elevated challenges affiliated with acquiring a commercially mineable deposit.

Historically, these types of tasks have a much bigger hazard of financial and technological failure. There is no ensure that creation will start as expected or at all or that predicted creation prices will be accomplished.

Failure to commence output would have a substance adverse affect on the Company’s means to generate revenue and dollars movement to fund operations. Failure to realize the anticipated manufacturing fees would have a material adverse effects on the Company’s income circulation and foreseeable future profitability.

TDN is designed to purpose as a stablecoin, not a safety have a important portion of the use as a loyalty reward act as an asset for products and providers purchases and have its use be contained within the Adot community ecosystem. The TDN software governance plans to be set less than a non-income foundation all through 2021. As a thoroughly decentralized asset, organization and particular person entrepreneurs can exercise entire regulate and possession of their TDN. Thanks to its intrinsic attributes as a TODA containerized, intelligent, immutably self-tracking asset, TDN is also built to help protected and successful achievement of regulatory desires. The recent current market for TDN consists of TODAQ and its current prospects, partnering companies as effectively as their customers and companions. These functions are working with TDN amongst each individual other as a payment implies in return for products and providers. TODAQ intends to develop this market in the long term and also expects to extend this sector to incorporate about-the-counter digital asset investing platforms, crypto exchanges, commodity exchanges and custodial trust companies although TODAQ tends to make no representation that it will be able to develop the market place for the trading of TDN.

Historically, these revolutionary specialized digital belongings have a substantially better possibility of financial and technical failure and there is no certainty that these kinds of belongings will have any value. There is no promise that TDN will carry out as predicted and neither TODAQ nor the TDN method make any claim or forecast with regards to the long run value of TDN and do not offer you any foreseeable future expectation of gain.

About Gratomic Inc.

Set up in 2014, Gratomic is centered on the proposed generation of minimal-price tag mine to current market carbon-neutral, eco-friendly, large purity vein graphite to be furnished to the EV and Vitality Storage source chains. Gratomic is anticipating total operational capabilities in 2021.

Gratomic is in the course of action of solidifying its options for micronization and spheronization of its clear Aukam graphite. This substantial milestone is a smaller, further stage in the Company’s proposed eco-helpful processing cycle and is meant to allow for it to satisfy best North American battery grade criteria for use in Li-ion battery anodes.

The Business strategies to produce mine-to-market place traceability and assured quality management. This will be accomplished by furnishing documented monitoring on all graphite created at its flagship Aukam Graphite Undertaking. The monitoring will start off at Aukam and will be confirmed at just about every phase for the duration of transportation.

Two off-consider order agreements are at present held for lump-vein graphite sourced from Gratomic’s Aukam Graphite Job in Namibia, Africa. Achievement of the contracts is anticipated to start in Q1 of 2021. The agreements exist with TODAQ and Phu Sumika.

TODAQ is an revolutionary deeptech business that can containerize assets, transactions & markets, and will companion with Gratomic on its mine-to-market place commodity monitoring and trading. Containerized belongings are verifiably exceptional, keep an immutable record of who has owned them, have embedded good logic, can be transferred P2P, and are interoperable with any program. Asset house owners take pleasure in stronger possession manage, worth retention when trading, and potential to show authenticity in seconds.

Phu Sumika is a huge world graphite supplier to battery and lubrication companies.

Gratomic Inc. is listed on the TSX Venture Exchange underneath the symbol GRAT, on the OTCQB less than the image CBULF and on the Frankfurt Exchange below the image CB82.

For a lot more info: check out the website at www.gratomic.ca or get hold of:

Arno Brand at or 416 561-4095

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https://gratomic.ca/get hold of/

“Neither TSX Venture Exchange nor its Regulation Companies Company (as that time period is described in the procedures of the TSX Venture Trade) accepts responsibility for the adequacy or precision of this release.”

Ahead On the lookout Statements:

This news release is made up of forward-wanting statements, which relate to potential events or potential functionality and mirror management’s present-day expectations and assumptions. This sort of ahead-looking statements mirror management’s present-day beliefs and are primarily based on assumptions produced by and information at the moment out there to the Organization. Investors are cautioned that these ahead-hunting statements are neither claims nor assures and are issue to hazards and uncertainties that may possibly result in long term benefits to vary materially from people envisioned. These ahead-hunting statements are designed as of the date hereof and, except as needed underneath relevant securities laws, the Organization does not suppose any obligation to update or revise them to mirror new activities or circumstances. All of the ahead-seeking statements made in this push launch are competent by these cautionary statements and by those designed in our filings with SEDAR in Canada (readily available at www.sedar.com ).

Source: Gratomic Inc.

Check out supply variation on accesswire.com:

https://www.accesswire.com/623960/Gratomic-Upgrades-Pre-Buy-Agreement-with-Crypto-Forex-Corporation-to-Battery-Grade-Graphite-for-the-EV-Market place