- Gratomic (GRAT) will soon begin trading graphite on the Technology Metals Market (TM2)
- TM2 has launched the world’s first technology metals marketplace in partnership with NASDAQ
- The TM2 platform is open for institutional investors and also enables trading access for individual investors through broker partners
- Gratomic Inc. is focused on introducing an exceptional anode material to the global electric vehicle and energy storage supply chains
- Gratomic Inc. (GRAT) opened trading at C$1.66 per share
Gratomic (GRAT) will soon begin trading graphite on the metals exchange platform Technology Metals Market (TM2) .
Gratomic continues the development of its M97 graphite product and the commissioning of its Aukam processing plant as scheduled.
M97 is a versatile and customizable graphite product, which can be used for various applications. After the development of M97 has been completed and the Aukam facility has been commissioned, the company will begin supplying the aforementioned product to TM2 for the purpose of commodity trading.
This pioneering move, positioning graphite as a publicly screen traded commodity, gives the company a distinct competitive advantage.
TM2 has launched the world’s first technology metals marketplace in partnership with NASDAQ, providing access to high-value metals in a secure and efficient venue with strict regulation and governance. The platform brings transparency to scarce and illiquid metals, institutionalizing trading, pricing and volumes on the global metals market.
The TM2 platform is open for institutional investors and also enables trading access for individual investors through broker partners. Technology metals are critical to the future of sustainable energy applications, electric vehicles, aerospace and robotics.
Gratomic is currently developing and testing an exclusive product established for TM2. Product M97 is high-quality vein graphite, ideal for various applications and can be adapted and customized by end-users in Lithium-Ion battery applications based on specific OEM requirements. M97 is currently undergoing testing and will not be publicly traded until the metals exchange has accepted the product for exchange and sufficient quantities of the product exist for trading.
TM2 is based in London, with a global network of offices and partner organizations across five continents. All metals are 100% physically backed and investors have direct title to the underlying physical metal and control their investment through the TM2 platform. A rapidly expanding custodian network across the globe with over 100 locations enables the metals to be listed and traded directly, or redeemed.
While Gratomic has yet to begin trading, becoming a part of this cutting-edge platform helps to build a strong foundation for the company in terms of direct commodity trading.
Gratomic emphasizes that no Preliminary Economic Analysis (PEA), Preliminary Feasibility Study or Feasibility Study has been completed to support any level of production. No mineral resources, or mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam property.
Risk factors
No mineral resources demonstrating economic viability and technical feasibility, have been delineated on the Aukam Property. The company is not in a position to demonstrate or disclose any capital and/or operating costs that may be associated with the processing plant.
Gratomic advises that it has not based its production decision on even the existence of mineral resources let alone on a feasibility study of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit.
Failure to commence production would have a material adverse impact on the Company’s ability to generate revenue and cash flow to fund operations. Failure to achieve the anticipated production costs would have a material adverse impact on the Company’s cash flow and future profitability.
Gratomic Inc. 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.
Gratomic Inc. (GRAT) opened trading at C$1.66 per share.
