OTCWagon SuperStar: Gratomic, Inc. (GRAT)

 
 
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Tag:
Graphene

Industry:
Mining

Location:
Toronto - Ontario - Canada

Subject:
Deals

TORONTO - Jan. 7, 2020 - PRLog -- OTCWagon Initiated coverage on Gratomic, Inc. (GRAT) in early November and since then a lot has taken place, most notably the following press release:

Gratomic receives $6-million (U.S.) in purchase orders

GRATOMIC RECEIVES FIRST TWO PURCHASE ORDERS FOR PRE-GRAPHENE GRAPHITE FROM TODAQ

Gratomic Inc. has received its first two purchase orders for a total of $6-million (U.S.) following a previously announced supply agreement on Oct. 17, 2019, for an aggregate of $25-million (U.S.) of graphite in an all-digital-asset deal from TODAQ STAR Program Phase 1 Corp., a subsidiary of TODAQ Holdings. The purchase orders are each for 600 tonnes of graphite valued at $6-million (U.S.) solely payable in TDN at a price of 10 U.S. cents per TDN for an aggregate of 60 million TDN that is to be delivered within 90 days.

Subsequent to the success of the initial delivery, TODAQ will place one additional order of 600 tonnes of graphite with 30-day intervals bringing the total to 1,800 tonnes of graphite for $9- million (U.S.) in consideration for the issuance of an aggregate of 90 million TDN. Thereafter, TODAQ will place orders on a monthly basis with the value of $484,848.49 (U.S.) based on both the purchase price for graphite and the exchange between U.S. dollars and TDN applicable at the time over a period of 39 months.

The agreement marks the first steps toward a significant journey for sovereignty tech pioneer TODAQ, with a strategic intention toward both building its TDN rewards program and allowing cryptographic ownership of commodities so that all business, people and markets can transact quickly with security and long-term stability. Furthermore, the graphite will sit in the TDN reserve backstop as part of a diverse set of commodities to underpin the true value of deployed TDN with physical substance and utility.

No mineral resources, let alone mineral reserves 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 satisfying the terms of the Todaq supply agreement.


Gratomic continues to move its business toward production and as part of its business plan, expects to obtain a National Instrument 43-101 Standards of Disclosure for Mineral Projects technical report to help it ascertain the economics of Aukam. Presently the company uses its existing pilot processing facility to produce certain amounts of graphite concentrate from accumulated surface graphite.

OTCWagon has featured Gratomic, Inc. (GRAT) as their Christmas Stock2Watch for 2019 and they are also going to be featured as a "MUST HAVE" Stock for 2020.

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Tags:Graphene
Industry:Mining
Location:Toronto - Ontario - Canada
Subject:Deals
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