Gratomic

Gratomic Inc. (TSX-V:GRAT, OTCQX:CBULF) announced plans to settle approximately $1.4 million in debt owed to various creditors. The debt includes about $1 million owed to arm's-length creditors for cash advances, $102,500 for debt owed for management and director fees to four directors of the company, and $314,849.60 of cash advances and payment of expenses on behalf of the company by CEO Arno Brand. » Mehr auf proactiveinvestors.com

Gratomic Inc. (TSX-V:GRAT, OTCQX:CBULF) executive chair Bruno Baillavoine told shareholders that the graphite development company is continuing to work on advancing its strategy to develop its Aukam project. “Though progress is never as fast as one wishes, Gratomic continues to make significant steps forward and key decisions have taken place,” Baillavoine said in a statement. » Mehr auf proactiveinvestors.com

Gratomic Inc. (TSX-V:GRAT, OTCQX:CBULF) has signed a non-binding letter of intent with Tristream Capital for a $5.2 million investment in exchange for a royalty on graphite sales from its Aukam property, pending due diligence and a definitive agreement. The company announced on Monday that it has inked the agreement with Tristream, dated June 14, 2024, outlining TSC's planned investment of GBP 3 million (approximately C$5.2 million) in exchange for a 5% Gross Sales Royalty (GSR) on sales of graphite from Aukam. » Mehr auf proactiveinvestors.com