Gratomic Inc. Provides Corporate Update for Shareholders

Gratomic Inc. (GRAT) released a corporate update on July 14, 2026, detailing the status of its compliance efforts, financial reporting, and strategic direction for the Aukam graphite project in Namibia. The company reported that the 2024 year-end audit is nearing completion, with approximately 67% of the 2025 audit work finished. Management is currently reconciling historical records to restore regulatory compliance.

Due to limited corporate capital, the Board is evaluating asset-level strategic alternatives for the Aukam project. These options include a structured business combination, a joint venture, or project-level financing. To preserve cash for essential operations and audit costs, management has waived compensation for over two years.

While Gratomic aims to bring the Aukam mine into production, the company explicitly stated that no Preliminary Economic Analysis, Preliminary Feasibility Study, or Feasibility Study has been completed. Furthermore, no mineral resources or reserves have been delineated. No definitive transaction has been agreed upon, and discussions are ongoing with banking and advisory firms.

Gratomic Inc. (GRAT) issued a routine status report reflecting its ongoing pre-revenue development and capital constraints. The company’s January 2026 licence renewal and plant testing, following the August 2025 mobilization and feedstock build-up, have not yet resulted in production or a feasibility study.

A July update confirmed that corporate-level capital is insufficient to fund the remaining technical and compliance work, prompting a pivot toward asset-level restructuring or project financing. While audit progress and a management compensation waiver signal operational discipline, they do not resolve the fundamental funding gap. The update contains no new market-moving catalysts, no closed financing, and no production milestones.

Gratomic Inc. (GRAT) is a mineral exploration and development company focused on building a Western-sourced, low-cost graphite supply chain for EV batteries. Its flagship asset is the Aukam vein graphite mine in the Karas Region of Namibia, located approximately 189 km from Luderitz Bay Port. The company claims to possess proprietary, low-energy processing technology capable of producing battery-grade concentrate with greater than 98% Cg and minimal water use.

The presentation also references the Capim Grosso project in Brazil, which holds an inferred resource of approximately 7.96 million tonnes at 5.86% total graphite content. Despite earlier guidance targeting 12,000 tonnes per annum production by late 2024, historical updates indicate ongoing mobilization and feedstock accumulation, with no feasibility study or resource delineation completed to date.