Gratomic Issues NI43-101 Technical Report and Mineral Resource Estimate for its 100% Owned Capim Grosso Project

Gratomic Inc. has announced the completion and issuance of a National Instrument 43-101 technical report for its wholly-owned Capim Grosso Project, marking a significant regulatory and technical milestone for the company. The technical report, dated August 14, 2023, with an effective date of July 10, 2023, includes a mineral resource estimate that provides an independent assessment of the project's graphite potential.

The completion of this NI43-101 compliant report represents a critical step in advancing the Capim Grosso Project through the development pipeline. Such technical reports are essential for regulatory compliance in Canadian capital markets and provide investors with standardized, professionally prepared assessments of mineral resources. The report's completion suggests that Gratomic has accumulated sufficient geological data and technical analysis to support a formal resource calculation.

For the graphite sector, this development adds to the growing inventory of defined graphite resources as companies work to meet increasing demand from battery and technology applications. The timing is particularly relevant given the strategic focus on securing graphite supply chains for electric vehicle batteries and energy storage systems. Gratomic's 100% ownership of the project provides operational flexibility and eliminates joint venture complexities that can slow development timelines.

The issuance of this technical report positions Gratomic to potentially advance discussions with stakeholders, including potential partners, customers, and financing sources. The standardized NI43-101 format provides transparency and credibility that are essential for advancing graphite projects in the current market environment focused on battery minerals and critical materials supply security.