Gratomic Announces Assay Results From Aukam’s Diamond Drilling Program

TORONTO, ON/ACCESSWIRE/November 17, 2022/ Graatomic Inc. (“gratomic“, “FREE,” or the “Company“) (TSXV:GRAT)(OTCQX:CBULF)(FSE:CB82) is pleased to provide the first laboratory assay results on its diamond drilling program on its Aukam Graphite project in Namibia. This program aimed to intercept veins of mineralized graphite in order to confirm the Company’s initial estimates and provide a more in-depth understanding of Aukam’s geology.

Assays were received from ALS Laboratories Namibia (Pty) Ltd, which included 15 drill core samples. Table 1: Table 1 highlights the locations of diamond drill holes during the drilling program on the Aukam project in Namibia.

Table 1: Diamond drill holes completed on the Aukam project in Namibia (WGS84, UTM Zone 33S)

NAME UTM_X UTM_Y Z AZIMUTH SOAK HEY
AKD001

679799.9

7016176.4

1271.6

200

-50

98.34

AKD002

679788.3

7016091.4

1299.7

275

-50

150

AKD003

679779.6

7016101.1

1299.7

15

-60

99.15

AKD004

679779.8

7016101.8

1299.7

15

-50

101.1

AKD005

679779.5

7016100.7

1299.7

15

-70

140.55

AKD006

679777.5

7016100.8

1299.8

330

-60

98.93

AKD007

679770.0

7016111.3

1300.0

330

-55

71.93

AKD008

679768.0

7016109.5

1300.1

285

-50

119.95

AKD009

679768.0

7016108.6

1300.2

275

-50

126.05

AKD010

679766.0

7016154.1

1287.3

330

-50

42.02

AKD011

679766.2

7016153.5

1287.3

330

-60

44.91

AKD012

679767.0

7016153.1

1287.3

330

-70

51.07

AKD013

679766.9

7016152.3

1287.3

0

-90

72.46

ALS’ graphitic carbon analysis methods and equipment include the LECO carbon-sulfur analyzer and high temperature combustion infrared detection. During this procedure, the carbon in the sample is converted into carbon dioxide (CO2)which is then measured by infrared (RI) detectors.

The tables below present all the Carbone Graphite Total (TGC) (%) analysis results

Table 2: Graphitic carbon assays of drill cores obtained on the Aukam project. Drill core was sampled where graphite veins exceeded 20cm and a minimum sample length of 50cm from holes AKD001, AKD002, AKD003, AKD005 and AKD006 (all other holes did not meet this requirement and therefore no samples were taken) on the Aukam project. More detailed information on the assay results from these holes is presented in Table 2 below. Gratomic inserted two samples of certified reference materials namely OREAS 723 and OREAS 724 with an accuracy of 100% and 97.8% respectively. The PQ therefore accepts the values ​​of the laboratory assays.

Table 2: Results of analysis of total graphite carbon (TGC%) for AKD001-AKD003 and AKD005-AKD006. The results displayed below are not true widths of mineralization. The analysis laboratory is not able to detect a graphitic carbon (TGC) content greater than 50% TGC).

DH_Hole DH_From_m DH_To_m Recovery m TGC_%

AKD001

74.40

75.23

0.83

21.1

AKD001

75.23

76.10

0.78

14.3

AKD001

79.88

80.96

1.02

43.4

AKD001

80.96

82

0.98

>50

AKD001

82

83

1

49.3

AKD001

84.84

85.84

1

15.65

AKD001

85.84

86.84

1

19.2

AKD001

86.84

87.7

0.86

21.9

AKD001

91.45

92.2

0.75

4.97

AKD002

132.85

133.32

0.47

12:45 p.m.

AKD003

79.34

80.05

0.71

3.71

AKD005

57.81

58.74

0.93

8.19

AKD006

65.65

66.01

0.51

22.7

AKD006

66.01

66.51

0.5

21.8

AKD006

72.53

73.03

0.5

16.6

Qualified person

Nico Scholtz is a consulting geologist and has reviewed and approved the scientific and technical information contained in this press release. Mr. Scholtz is a registered professional naturalist with the South African Council of Natural Science Professions (Pr. Sci. Nat. No. 400299/07). Mr. Scholtz is the Company’s “Qualified Person” as defined by NI 43-101

About Graatomic

Gratomic is a multinational company with projects in Namibia, Brazil and Canada. The company is focused on becoming one of the world’s leading suppliers of graphite and aims to secure a strong position in the electric vehicle battery supply chain. With the continued development of its flagship Aukam project and continued exploration on the Company’s Capim Grosso property, Gratomic sets itself apart by sourcing unique high-quality assets around the world. True to its roots, the Company will continue to explore graphite opportunities with development potential. The Company ranked third in the 2022 TSX Venture 50™ Pre-Formation Top 10 Mining Stocks.

Large quantities of high quality vein graphite were 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 they become available.

The Company has entered into a collaboration agreement with Forge Nano. With its patented ALD coating, this cooperation with Forge Nano is a key element to support Gratomic’s strategies towards the value-added phases of graphite production for anode applications, namely micronization, spheronization and coating, making Gratomic graphite a preferred choice for use in lithium. – ion batteries.

For more information: visit the website at www.gratomic.ca or contact:

Arno brand at [email protected] or (416) 561-4095

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Forward-looking statements:

This press release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. These forward-looking statements reflect management’s current beliefs and are based on assumptions made by the Company and information currently available to it. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required by applicable securities laws, the Company undertakes no obligation to update or revise them to reflect new events or circumstances. All forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com)

THE SOURCE: Graatomic Inc.

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