Gratomic Addresses Capim Grosso Property Transfer Issues in Brazil

Gratomic Inc. has updated stakeholders on the situation concerning its Capim Grosso Property in Brazil. The company has allowed some mining claims to expire to concentrate resources on its Aukam Property in Namibia. However, there has been a controversial transfer of key claims by Armando Farhate, the former Chief Operating Officer, to Bahia Graphite Ltda without company approval.

Farhate's actions included transferring mineral rights to Bahia Brazil in exchange for settling personal debts. Despite these unauthorized actions, the ANM has not yet approved the transfers. Gratomic is taking legal measures in Brazil and Canada to annul the transfers and recover its property.

As the legal battle progresses, Gratomic plans to seek a buyer for the Capim Grosso Property post-recovery, while remaining committed to its key projects elsewhere. The company's confidence in legal recognition of these wrongful acts underlines its strategy moving forward.