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Gratomic Inc (2)
Symbol GRAT
Shares Issued 138,549,563
Close 2021-05-06 C$ 1.20
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Gratomic appoints Brand as interim director

2021-05-07 10:28 ET - News Release

Mr. Arno Brand reports


Gratomic Inc. is replacing Steven Gray on the board of directors at Gratomic. The company's general manager, Lynne Brand, will step in as an interim director until the company can find a suitable candidate to serve as an independent director with production experience. This comes as the company is transitioning from junior exploration company to an operating company. Mr. Gray will continue serving as a qualified person as the company believes his position as a QP is better served off the board.

The company is pleased to appoint Ms. Brand as the interim director replacing Mr. Gray. Ms. Brand joined Gratomic in 2012, initially joining as the general mine manager at Gratomic's flagship Aukam project. Few, if any, have as much value to add to the board as Ms. Brand does in this temporary position. This exercise is not without purpose; the board sees this as an opportunity for Ms. Brand to build up experience as a director as she will shortly becoming the marketing director in Namibia. This will allow her to instill the same values and principles that govern the main Gratomic board into her future role as marketing director.

Mr. Gray is currently acting as QP for the continuing resource drilling program at Aukam. The company believes his time will be more efficiently spent committed fully to his duties as a QP without the added responsibilities of an independent director.

"It has been an honour to serve on the board with Steven. We appreciate everything that he has done for the company and we look forward to continuing to work with him as QP," said Arno Brand, chief executive officer and president.

"I am looking forward to stepping into this important position and accepting the responsibility that comes with it. I am excited to bring the knowledge and experience of our Canadian board members back to Namibia," said Ms. Brand, interim director.

About Gratomic Inc.

Gratomic is focused on introducing an exceptional anode material to the global electric vehicle and energy storage supply chains. The company aims to achieve full operational capabilities in 2021, with further plans to take its Aukam graphite project fully solar by 2022. Large quantities of its naturally high-quality graphite have been shipped for testing to confirm its viability as an anode material. Gratomic is confident that the results will provide a unique competitive advantage in its desired target markets.

The company's recent collaboration agreement with Forge Nano has advanced the developments on its graphite finalization phase for the micronization, spheronization and the patented ALD coating of its Aukam vein graphite for use in lithium-ion batteries. Forge Nano is a global leader in surface engineering and precision nano-coating technology, using atomic layer deposition.

Gratomic has two outstanding off-take purchase agreements with TODAQ and Phu Sumika with contract fulfillment slated to begin in 2021. Gratomic plans to deliver mine-to-market traceability through its partnership with deeptech company TODAQ by providing documented tracking on all graphite generated at its flagship Aukam graphite project.

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