TORONTO, ON / ACCESSWIRE / October 12, 2022 / Gratomic Inc. ("Gratomic", "GRAT," or the "Company") (TSXV:GRAT) (OTCQX:CBULF) (FSE:CB82) is pleased to announce that the recent bench-mining program at its Aukam Graphite Mine in Namibia is entering full capacity as road construction on the mountain has been successfully completed. The benching process typically involves successively cutting berms alongside the mountain edge in order to steadily expose underground material, at the same time ensuring the stability of the mountain structure. This process allows for the collection of graphite in stages as the platforms are constructed on the Aukam mountain.

The road construction that includes the ring road connection was completed this week. The road will allow access to three potential platforms that will enhance the exploration program and the bench mining operations. The upper bench for mining operations for graphite extraction is already operational.

The access road is necessary for the exploration and mining teams to access the mineral housed within the Aukam mountain in a safe, efficient, and effective manner. Road construction and early bench-mining were underway simultaneously, however, at lesser amounts of mineral extraction. Completion of the access road paves the way for the exploration and drilling teams to strategically locate and liberate graphite in unison and provides much needed data for the completion of technical reports on the Aukam Graphite Project.

Arno Brand, President & CEO, states, "Achieving this goal is extremely satisfying as this is what we, at Gratomic, have collectively been working towards. The excitement over this milestone is tangible and we are very proud of our team at Aukam and grateful for the continued support of our valued shareholders."

"The corporate culture at Gratomic is unique; we work together to overcome obstacles and celebrate together when milestones are achieved. Our mining team has once again gone above and beyond what we expected. These are inspiring individuals and an inspiring team", says Armando Farhate, COO & Head of Graphite Marketing & Sales.

Gratomic wishes to emphasize that no Preliminary Economic Analysis, Preliminary Feasibility Study or Feasibility Study has been completed to support any level of production. 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 towards completing a Feasibility Study (FS) on the Aukam Processing plant. The study, its recommendations, and their subsequent implementation, will provide conclusions and recommendation at a FS level of comfort relating to the scale up of the existing processing plant to a commercial scale processing facility capable of producing the desired concentrate grades and production rates.

Gratomic wishes to emphasize that the supply of graphite is conditional on Gratomic being able to bring the Aukam project into a production phase, and for any graphite being produced to meet certain technical and mineralization requirements.

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 the processing plant until the FS (Feasibility Study) is completed.

The Company advises that it has not based its production decision on even the existence of mineral resources let alone on a Preliminary Feasibility Study or FS of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit.

Historically, such projects have a much higher risk of economic and technical failure. There is no guarantee that production will begin as anticipated or at all or that anticipated production costs will be achieved.

Failure to commence production would have a material adverse impact on the Company's ability to generate revenue and cash flow to fund operations. Failure to achieve the anticipated production costs would have a material adverse impact on the Company's cash flow and future profitability.

Gratomic is a multinational company with projects in Namibia, Brazil, and Canada. The Company is focused on becoming a leading global graphite supplier and aims to secure a strong position in the EV battery supply chain. With the continued development of its flagship Aukam project and further exploration on the Company's Capim Grosso property, Gratomic sets itself apart by seeking out unique top-quality assets around the world. True to its roots, the Company will continue to explore graphite opportunities displaying potential for development. The Company ranked third place in the top 10 preforming mining stocks on the 2022 TSX Venture 50™.

Large quantities of high-quality vein graphite have been shipped for testing to confirm its viability as an anode material. Gratomic is confident that the test results will provide a unique competitive advantage in its desired target markets. The Company will continue to update the public on the status of these tests and will provide results as soon as they become available.

The Company has formed a collaboration agreement with Forge Nano. With its patented ALD coating, this cooperation with Forge Nano is a key element to support Gratomic's strategies towards the value-added phases of production of graphite for anode applications, namely micronization, spheronization and coating, making Gratomic graphite a preferred choice for use in lithium-ion batteries.

For more information: visit the website at www.gratomic.ca or contact:

Arno Brand at abrand@gratomic.ca or (416) 561- 4095

Subscribe at gratomic.ca/contact/ to be added to our email list.

For Marketing and Media information, please email: info@gratomic.ca

"Neither 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 news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and 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 that 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 under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com)

View source version on accesswire.com: https://www.accesswire.com/720104/Bench-mining-Program-Enters-Full-Mining-Phase-After-Completion-of-Road-Construction-at-Aukam

The 86-year-old investing legend has spoken. You may want to pay attention.

(Bloomberg) -- Investors are looking beyond a looming global recession and they see one country – and its financial markets – emerging strongest on the other side.US stocks and bonds will lead the way out of the current wave of market turmoil, according to respondents in the latest MLIV Pulse survey. Meanwhile they reckon it’s close to an even bet as to whether the UK economy or the euro area will fall into a slump first.About 47% of the 452 respondents expect the UK to win that unwelcome prize,

Chances are good you're ahead of 25% of your peers.

Advanced Micro Devices' (NASDAQ: AMD) year went from bad to worse after the company released preliminary results for the third quarter of 2022 on Oct. 6. AMD investors pressed the panic button hard after the company revealed that its quarterly revenue would land at an estimated $5.6 billion at the midpoint of its updated guidance range. The company originally expected $6.7 billion in Q3 revenue, but a weak PC (personal computer) market has knocked the wind out of AMD's sails.

Soaring interest rates and weak economic growth have dented Wood's young, 'disruptive' technology companies.

Using technical analysis of the charts of those stocks, and, when appropriate, recent actions and grades from TheStreet's Quant Ratings, we zero in on three names. While we will not be weighing in with fundamental analysis, we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. Plug Power Inc. recently was downgraded to Sell with a D+ rating by TheStreet's Quant Ratings.

Currently, AT&T sports a high 7.4% dividend yield, which means the company will pay an estimated 7.4% of its stock price to shareholders each year. This number constantly fluctuates because it is calculated using the annual dividend payout divided by the stock price. The yield rises if the dividend goes up and the stock price stays the same.

Both companies have seen their share price fall, but that doesn't mean Apple or Amazon wouldn't be interested at the right number.

The research firm came up with a list of the best companies to own based on ones to which Morningstar analysts assign a wide moat.

(Bloomberg) -- It was a jarring image for one of the world’s fastest growing economies: Scores of Vietnamese flooded branches of the nation’s fifth-largest bank to pull out their savings amid rumors the lender was tied to a real estate conglomerate under investigation for fraud.Vietnam’s central bank spent the last week calming markets and depositors while Saigon Commercial Bank raised interest rates and lured back customers. On Saturday, the regulator said it would place the privately-held lend

The stock market has taken a nasty fall this year. Investors are increasingly concerned that the Federal Reserve's actions to combat red-hot inflation will put the economy in a tailspin. While their stock prices are down more than 40% from their peaks, making it much more expensive to raise equity capital, that won't limit them since they generate a lot of cash and have cash-rich balance sheets.

Amazon (NASDAQ: AMZN) isn't my favorite e-commerce stock (I prefer Shopify's mission to put the power of commerce back in the hands of smaller merchants). Nevertheless, I've been buying Amazon because I think it's too cheap to ignore -- especially when considering the company's main breadwinner, public cloud computing pioneer AWS (Amazon Web Services).

Out of all the big banks, Bank of America has been the one that is expected to fare better in the current climate.

Investors have become more confident that the company can put the past behind it as demand for air travel recovers.

(Bloomberg) -- Asian equities fell while major currencies made gains against the dollar in a cautious open to the week following further weakness on Wall Street and a defiant message to the world from China’s Communist Party congress.A gauge of the region’s stocks slumped about 1%, led by technology companies in Hong Kong, while futures pointed to declines in Europe. Contracts for the S&P 500 and Nasdaq 100 rose after tumbling Friday amid elevated Treasury yields and expectations for faster infl

Future Fund Active ETF co-founder Gary Black recommends to Tesla's board how it should spend some of the electric-vehicle company's cash.

If you only read headlines, you might think that Beyond Meat's (NASDAQ: BYND) Friday press release announcing that the plant-based "meat" producer is shooting to be cash flow positive by the second half of 2023 was a piece of good news. Demand for plant-based meat has weakened, with consumers moving away from the category amid sky-high inflation.

These chip companies have been taken out with the garbage, but they're far from last night's trash.

With the S&P 500 index firmly in bear market territory, down 25% year-to-date, investors are rightly nervous about what it means for stocks. As Warren Buffett once said, be fearful when others are greedy, and greedy when others are fearful. As long as investors have an appropriate investment horizon -- 10 years is usually good -- they should not fear bear markets, but look forward to them eagerly as a chance to buy good companies at discounted prices.

A recent study from the career experts Zety says that 40% of respondents fear retirement more than death. And almost nine in 10 responded that their biggest retirement fear is not having enough income. For married couples, planning retirement for two people can … Continue reading → The post Average Retirement Savings for Married Couples By Age appeared first on SmartAsset Blog.