Gratomic Inc. has signed an indicative term sheet with Millenium Metals LTD (“TM2”) to supply graphite over 60 consecutive months, to begin upon commencement of commercial production at its Aukam Graphite Project in Namibia. The companies forged a strategic partnership with the intention of being the first to industrialize graphite as a commodity.
TM2 is the world’s first spot market where direct investment in technology metals is possible. It is quickly becoming the one-stop-shop for electric vehicle (EV) battery manufacturers and OEMs. The metals and minerals available on the TM2 platform are essential to EV batteries, aerospace, semiconductors, and many additional high-tech industries. Millenium Metal’s innovative approach to commodities has created a global community within the electric vehicle space.
The processing plant at the Gratomic ’s Aukam Graphite Project was built to accommodate an initial 20,000 tonnes per annum of output and was engineered in a modular design to accommodate rapid expansion over time. The over-engineering of the front and back end of the plant, allows the Company to quickly increase capacity up to 45,000 tonnes per year, to accommodate the market increase in demand. Some aspects of the plant have already been adapted to reflect the impending expansion efforts. Product output is intended to be supplemented through the development of Gratomic’s Capim Grosso graphite project in the Bahia State of Brazil.
Armando Farhate, COO & Head of Graphite Marketing and Sales, says: “When we started our partnership with TM2, we already knew that we were heading for great achievements together, and this agreement is the materialization of the first of many to come”.
“Gratomic, like TM2, is founded on forward-thinking and this transaction is a prime example of how we strive to create opportunities rather than settling for the status quo. Gratomic will continue to establish itself as a multinational graphite supplier and aims to stake out a solid position in the electric vehicle battery sector,” stated Arno Brand, President & CEO.