G6 Materials Receives Final TSXV Approval for the Technology License Agreement with Graphene Corp.

NEWS 86

03/25/2024

TSX-V: GGG, OTCQB: GPHBF

Ronkonkoma, New York, USA – TheNewswire – March 25, 2024 – G6 Materials Corp. (“G6” or the “Company”) (TSXV: GGG, OTCQB: GPHBF),

a high-tech company with expertise in advanced materials and developing innovative composites for a wide range of industrial uses, is pleased to announce that further to the New Release dated February 28, 2024, it has closed the Technology License Agreement dated February 22, 2024 between the Company and Graphene Corp. (the "Licensor"), a subsidiary of Elcora Advanced Materials Corp., in respect of intellectual property rights associated with graphene coating technology (the "Subject Technology"). The acquisition of this License aligns seamlessly with G6's vision to deliver cutting-edge solutions that push the limits of performance, sustainability and offer innovative solutions across diverse industries. The License for the Subject Technology is for a period of up to February 1, 2026 and is non-exclusive, non-sublicensable and non-transferable.

The license fee of $300,000 has been paid through the issuance of 3,333,333 common shares in the capital of the Company (the “Shares”) at a deemed price of $0.09 per Share. No finder’s fees will be paid on the Agreement. The Company utilized Section 2.12 of the National Instrument – Prospectus Exemptions, also referred to as the asset acquisition prospectus exemption, for the issuance of the Shares. These Shares will be subject to a statutory hold period of four months and one day, starting from the date of issuance of the Shares.

Upon the payment of the Shares to the Licensor as consideration for the License, the Licensor owns an aggregate of 3,333,333 Shares of the Company or approximately 16.92% of the issued and outstanding common shares of the Company. The acquisition is an arm’s length transaction.

The Technology

The licensed graphene coating technology offers superior performance characteristics that will diversify G6's product portfolio.

Early Warning Disclosure

Graphene Corp. (the “Acquiror”), a subsidiary of Elcora Advanced Materials Corp., acquired 3,333,333 common shares in the capital of the Company (the “Consideration Shares”) at a deemed price of $0.09 per Consideration Share pursuant the Technology License Agreement dated February 22, 2024 (the “Agreement”). Prior to the issuance of the Consideration Shares under the Agreement, the Acquiror does not own any common shares in the capital of the Company. After the issuance of the Consideration Shares, the Acquiror now holds 3,333,333 common shares of the Company representing 16.92% of the issued and outstanding common shares of the Company on a non-diluted basis. The Acquiror does not hold other securities of the Company.

The Acquiror may acquire or dispose of securities of the Company in the future through, among other means, the purchase or sale of common shares on the open market, or in private transactions or otherwise, on such terms and at such times as the Acquiror may deem advisable. A copy of the early warning report being filed by the Acquiror may be obtained by contacting the Company at 604-687-2038.

About G6 Materials Corp.

G6 Materials Corp. is a high-tech company with expertise in advanced materials that creates value developing innovative composites for a wide range of industrial uses. Graphene Laboratories Inc., a wholly owned subsidiary of G6, sells a range of graphene-based products and other materials, including but not limited to conductive epoxies, high-performance composites, and R&D materials, with numerous customers from among the Fortune 500 list of companies, as well as NASA and leading universities. Graphene Laboratories Inc. has entered the global air filtration market with Breathe⁺, a line of medical-grade HEPA air filtration products enhanced with advanced performance graphene material.

G6 has identified new graphene-based applications to accelerate growth into the future. Accordingly, the Company has a valuable IP portfolio currently comprising seven granted patents. The Company’s management team and employees have a deep understanding of graphene technology based on decades of aggregate academic and commercial experience. Graphene Laboratories Inc. has established its premium research laboratory and scalable production facility equipped with advanced analytical and material processing equipment.

The Company’s e-commerce websites are listed below:

R&D Materials: Graphene Laboratories Inc. currently offers over 100 graphene and related products available at graphene-supermarket.com
Breathe⁺: Medical-grade HEPA air filtration enhanced with advanced performance graphene material, for more information, visit breatheplus.tech

Forward-Looking Information

This news release contains forward-looking statements within the meaning of the applicable securities legislation that is based on expectations, estimates and projections as at the date of this news release. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. “Forward-looking information” in this news release includes but is not limited to information about the graphene-enhanced air purifier (including efficacy, potential commercialization and patent pending thereof); information about the potential for the Company’s long-term growth; the business goals and objectives of the Company, and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.

The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

Risk factors that could cause actual results to differ materially include, but are not limited to, the actual results in commercial applications of the Company’s graphene-enhanced air purifier may differ significantly from its test results; health and environmental factors affecting the adoption of the Company’s graphene-based technologies or other products; the Company may fail to obtain appropriate government approvals or accreditation related to the business’ operations and technological processes; the market conditions and demand for its product as well as the market prices of such products being developed by the Company may change over time; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; competition; dilution; and the volatility of our common share price and volume.

The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.

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.

Corporate Inquiries

Guy Bourgeois, President & Chief Executive Officer

Telephone: (516) 382-8649

Email: [email protected]

Commercial Inquiries

Email: [email protected]

Investor Inquiries

Telephone: 1-(866)-324-4244

Email: [email protected]

ON BEHALF OF THE BOARD: Gary Dyal, Chairman

For more information on G6 Materials Corp., please visit www.G6-Materials.com or its profile page on SEDAR+ at www.sedarplus.ca.

SOURCE: G6 Materials Corp.