The Ministry of Mines and Energy (MIME) has renewed Gratomic Inc.’s Mining Licence ML215 for a further 15 years, extending the licence’s validity through March 2040.
Gratomic announced that it received official confirmation of the renewal following constructive engagement with the Ministry and a formal response to a notification of preparedness issued in September 2025. The company said the licence has now been fully upgraded and renewed, providing long-term regulatory certainty for its Aukam Graphite Project in southern Namibia.
“Following constructive engagement with the Ministry and the Company’s formal response to the letter of preparedness, Gratomic is pleased to confirm that Mining Licence ML215 has now been fully upgraded and renewed for a 15-year period, with the licence effective through March 2040,” a release by the company read.
In addition to the licence renewal, Gratomic reported that its processing plant underwent comprehensive electrical and mechanical performance testing in late October 2025, with all operational tests successfully completed.
With the renewal secured, Gratomic plans to remobilise its operational team to site following the Namibian holiday period. The company said further updates will be provided, including guidance on near-term operational activities and upcoming financial reporting.
However, Gratomic cautioned that no Preliminary Economic Analysis, Preliminary Feasibility Study or Feasibility Study has yet been completed for the Aukam property. The company has not delineated any mineral resources or reserves demonstrating economic viability or technical feasibility.
Gratomic intends to complete a Feasibility Study or equivalent study, which will assess the potential to scale up the existing processing plant to a commercial operation capable of producing targeted concentrate grades and production levels.
The company emphasised that any future graphite supply remains conditional on successfully bringing the project into production and meeting technical and mineralisation requirements.
The company also highlighted significant risks, including uncertainty around production timelines, costs and recovery rates. It warned that failure to commence production or achieve anticipated costs could materially affect its ability to generate revenue and fund operations.
Gratomic is a multinational company with projects in Namibia, Brazil and Canada, and aims to establish itself as a graphite supplier for the electric vehicle battery supply chain through development of its flagship Aukam Graphite Mine.
