Gratomic Inc (TSE:GRAT) has released an update.
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Gratomic Inc. has signed a non-binding Letter of Intent for a $5.2 million CAD investment from Tristream Capital, which will grant the investor a 5% Gross Sales Royalty on graphite sales from the Aukam Property for 5.5 years, later reducing to 1%. The investment is contingent upon due diligence and the finalization of a definitive agreement, with regulatory approval pending. The company has yet to complete any economic feasibility studies on the Aukam property.
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