Gratomic (TSX.V: GRAT) (OTCQX: CBULF) (FSE: CB82), a multinational company focused on becoming a leading global graphite supplier, reported that global natural graphite pricing has increased significantly over the course of the last year, with demand continuing to outstrip supply. According to the announcement, the trend is expected to continue as the electric vehicle market experiences rapid growth. “According to Benchmark Mineral Intelligence (benchmarkminerals.com), graphite prices have continued to increase steadily since January 2021 on all types of graphite with fines increasing 44.50% from USD $500/ton in January 2021 to USD $723/ton in May of 2022,” the update reads. “Large flake graphite increased 19.85% from USD $983/ton in January of 2021 to USD $1,187/ton in May of 2022. Spherical graphite increased 8.39% from USD $2,958/ton in January 2021 to USD $3,207/ton in May of 2022.”
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About Gratomic Inc.
Gratomic is a multinational company with projects in Namibia, Brazil and Canada. The company is focused on becoming a leading global graphite supplier and aims to secure a strong position in the electric vehicle (“EV”) battery supply chain. With the continued development of its flagship Aukam project and further exploration on the company’s Capim Grosso property, Gratomic sets itself apart by seeking out unique top-quality assets around the world. True to its roots, the company will continue to explore graphite opportunities displaying potential for development. The company ranked third place in the top 10 preforming mining stocks on the 2022 TSX Venture 50(TM). Large quantities of high-quality vein graphite have been shipped for testing to confirm its viability as an anode material. Gratomic is confident that the test results will provide a unique competitive advantage in its desired target markets. The company will continue to update the public on the status of these tests and will provide results as soon as they become available. The company has formed a collaboration agreement with Forge Nano. With its patented Atomic Layer Deposition (“ALD”) coating, this cooperation with Forge Nano is a key element to support Gratomic’s strategies towards the value-added phases of production of graphite for anode applications, namely micronization, spheronization and coating, making Gratomic graphite a preferred choice for use in lithium-ion batteries. For more information about the company, visit www.Gratomic.ca.
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