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TORONTO, ON / ACCESSWIRE / September 27, 2021 / Graatomic Inc. (“Gratomic”, “FREE” or the “Company”) (TSXV: FREE) (OTCQX: CBULF) (Frankfurt: CB82) announces the start of wet commissioning (step C4), the company has started to pass material through the crushing circuit in preparation for full commissioning of its Aukam processing plant. The entire Graatomic management team was present for this milestone and saw the equipment perform as it was designed to perform.
Here is the detailed explanation of the C4 wet commissioning phase:
- Verify that site-wide systems are fully operational
- Confirm that operator technicians are trained and able to perform commissioning
- Check that the document as constructed is finished
- Confirm operation and maintenance manuals available in draft form
“Our team at Aukam continues to excel,” said Arno Brand, CEO and President, “The progress of the project is advancing at an exceptional rate and the Graatomic team easily overcame any potential obstacles that presented themselves to the project during of previous months. “
Assembly continues on the material thickener tank, see HERE for the corresponding press release of September 7e, 2021. The unit is currently going through its final assembly. In addition, the company has reduced its water cost by 50% through collaboration with local communities in the immediate region of Aukam and the demand for water at the site is currently fully met by the supply. When completed, the plant will maintain over 1,000,000 liters of water storage. This total includes water storage, process water and water recycling (as stated in its press release of November 9, 2020, Graatomic will recycle approximately 95% of the system water). See HERE to read the press release. This is sufficient storage to support operations after the plant is fully commissioned.
The plumbing, electrical and air compressor circuits for the three mixing tanks and vertical columns are currently being assembled. Once these components are installed, water will be introduced into these units for testing and calibration. The product thickener tank, which was assembled in April 2021, will be filled to 70% of its capacity for the next step. The completion of the material thickening tank, the delivery of the twelve additional mixing tanks and the nine additional flotation columns (see press release of September 7e, 2021), will bring the flotation circuit into the last stage of the C4 wet commissioning.
The final assembly of the hydraulic and electrical circuits to the filter press is in the final connection phase. Conveyor B has been installed, walkways and stairs completed. The custom-made shredder and material hopper were completed and mounted above the rotary dryer, which was installed and assembled in April of this year.
The crushing circuit has entered the wet commissioning phase. From there, the circuit will undergo a full calibration on all systems and be fitted with custom enclosures to ensure that graphite fines are preserved throughout the crushing process. The calibration phase is an extremely important step in the commissioning process, it requires a lot of time and attention to be performed effectively to ensure optimal future cycle performance.
“The Graatomic team worked very hard during the construction phases and are proud to have achieved wet commissioning. This places the Company at the forefront of the final transition from a junior exploration company to a development company, ”said Armando Farhate, COO & Marketing and Sales Manager Graphite.
Click on HERE for video footage of wet commissioning.
Graatomic would like to point out that no preliminary economic analysis, preliminary feasibility study or feasibility study has been carried out to support a production level. In fact, no mineral resources, let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam property.
The Company is working on a preliminary feasibility study (PFS) on the Aukam processing plant. The study, its recommendations and their subsequent implementation, will provide conclusions and recommendations at a PFS comfort level regarding the scaling of the existing processing plant into a capable commercial scale processing facility. to produce the desired concentrate qualities and production rates.
Graatomic would like to point out that the supply of graphite is conditioned on Graatomic’s ability to bring the Aukam project into a production phase, and that any graphite in production meets certain technical and mineralization requirements. Graatomic continues to shift its business to production and, as part of its business plan, plans to file a National Instrument 43-101 Standards of Disclosure for Mineral Projects resource estimate in the first quarter of 2022.
No mineral resources, let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam property. The Company is unable to demonstrate or disclose the capital and / or operating costs that may be associated with the processing plant until the PFS is completed.
The Company indicates that it did not base its production decision even on the existence of mineral resources and even less on a PFS or a feasibility study of mineral reserves, demonstrating economic and technical viability, and, therefore, there may be increased uncertainty as to the achievement of any particular level of mineral recovery or the cost of such recovery, including the increased risks associated with the development of a commercially mineable deposit.
Historically, such projects present a much higher risk of economic and technical failure. There is no guarantee that production will start as planned or that it will start at all or that planned production costs will be met.
Failure to start production would have a material negative impact on the Company’s ability to generate income and cash flow to finance its operations. Failure to meet anticipated production costs would have a material negative impact on the Company’s cash flow and future profitability.
Steve Gray, P.Geo. has reviewed and approved the scientific and technical information contained in this press release and is a “qualified person” within the meaning of National Instrument 43-101 – Disclosure Standards for Mining Projects.
Graatomic is focused on bringing an exceptional anode material to global electric vehicle and energy storage supply chains. True to its roots as an exploration and mining company, Graatomic aims to achieve full operational capabilities in 2021 on its Aukam Graphite project and continues to diversify its assets into a multinational company with various projects globally. . Large quantities of its naturally high quality vein graphite have been shipped for testing to confirm its viability as an anode material. Graatomic is confident that the results will provide a unique competitive advantage in its desired target markets.
The Company’s recent collaboration agreement with Forge Nano has advanced developments in its graphite finalization phase for micronization, spheronization and the patented ALD coating of its Aukam vein graphite for use in lithium-ion batteries. Forge Nano is a world leader in surface engineering and precision nano-coating technology, using atomic layer deposition.
Grat has two pending purchase agreements with TODAQ and Phu Sumika whose contract execution is expected to begin in 2021. Graatomic plans to provide mine-to-market traceability through its partnership with deep technology company TODAQ by providing a documented monitoring of all graphite generated at its flagship Aukam Graphite Project.
For more information: visit the website at www.graatomic.ca or contact:
Arno Brand at [email protected] or 416 561-4095
Subscribe to gratomic.ca/contact/ to be added to our mailing list.
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking statements, which relate to future events or future performance and reflect the current expectations and assumptions of management. These forward-looking statements reflect the current beliefs of management and are based on assumptions made by and on information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties which 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 legislation, the Company assumes no obligation to update or revise them to reflect new events or circumstances. All forward-looking statements contained in this press release are qualified by these cautionary statements and those contained in our documents filed with SEDAR in Canada (available at www.sedar.com).
THE SOURCE: Graatomic Inc.
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