Gratomic Becomes Debt-Free

February 22, 2021

Gratomic Inc. (“GRAT” or the “Company”) (TSXV:GRAT)(OTCQB:CBULF)(FRANKFURT:CB82) (WKN:A143MR)┬áis pleased to announce that it has officially achieved debt-free status. This feat was accomplished through the committed and strategic efforts carried out by management over the past several months to effectively eliminate the debt of the Company.

On June 12, 2020, the Company announced the successful completion of a $2.25 million financing (the “April 2020 Financing“), which included $1.5 million in convertible debentures. Since then, all of the outstanding debentures have been converted into common shares. Commencing in the fall of 2020, there was a systematic appreciation of the Company’s stock price, ushered on by immense support from institutional and retail investors. The Company commenced trading on the OTCQB Venture Market on December 14, 2020.

The Company’s current cash position is approximate $2.4 million. This provides the Company with sufficient capital to see it through the commissioning phase.

Gratomic has become a notable Brand in the graphite community. Very few junior graphite companies have been in such a fortunate position to achieve debt-free status at such an early point in their development. With the Company cash-positive and the Aukam processing plant poised to enter commissioning in only a few weeks, Gratomic sits at a comfortable position as a leader in the global junior resource sector; unlike competitors in the industry.

“Gratomic has come a long way in the past 11 months. Its world class team has worked hard to advance the Company and its key asset to deliver fundamental value to its shareholders. We are proud of our team’s hard work and are grateful for the support of our valued shareholders. We look forward to a very interesting March and April” stated CEO & President, Arno Brand.

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