GPHBF - G6 Materials Closes Acquisition of GX Technologies

(TheNewswire)

Transaction Establishes a LeadingTeam Focused on the Commercialization of Graphene-EnhancedInnovations

Ronkonkoma, New York, USA - TheNewswire - August 26, 2021 - G6Materials Corp. (“G6” or the “Company”) (TSXV:GGG )( OTC:GPHBF) , a technology company creating value through the developmentand commercialization of innovative graphene-basedsolutions , today announced the closing of thepreviously announced acquisition of all membership interests (the“ Transaction ”) of GX Technologies, LLC(“ GXTechnologies ” or “ GX ”),effective August 25, 2021 (the “ ClosingDate ”) .Pursuant to the terms of the Agreement, the consideration paid for themembership interests of GX Technologies was 25,000,000 common shares(the “ ConsiderationShares ”) of G6 at a deemed price of C$0.20 percommon share of the Company. All closingconditions have been satisfied and the Company has received the finalapproval of the TSX Venture Exchange. The Consideration Shares to bereleased from a staged escrow over a period of 28 months from theClosing Date.

Recap of TransactionHighlights:

• - C$5.4 million of associated equity capital raised,the closing of which was previously announced by G6 on April 13,2021;

  - Establishment of a world-class research, corporateand project development team focused on the commercialization ofgraphene-enhanced materials and technologies;

  - GX’s assets include a cooperative R&D agreementwith the US Army Corps of Engineers (“USACE”) to develop grapheneoxide-based membranes for use in nanofiltration and an exclusivelicense for two USACE patents;

  - An option to lease a dedicated area at an advancedindustrial development site in Natchez, Mississippi, which is equippedwith a wastewater treatment facility that is connected to a river portby rail to enable rapid industrial-scale production; and

The GX management team brings increased access tocapital, having raised over US$700,000,000 in equity funding frompublic markets, including US$260,000,000 raised on the NASDAQ over thelast 12 months.

About G6 Materials Corp.

G6 Materials Corp. is a technology company creatingvalue through the development of innovative graphene-based solutions.Graphene Laboratories Inc., a wholly owned subsidiary of G6, sells arange of graphene-based products and other materials, including butnot limited to conductive epoxies, high performance composites andR&D materials, with numerous customers from among the Fortune 500list of companies, as well as NASA and leading universities. GrapheneLaboratories Inc. is developing other innovative products includinggraphene-enhanced air purifiers and it hopes to enter the globalfiltration market once all testing is complete and applicablegovernment approvals are received.

G6 has identified new graphene-based applications toaccelerate growth into the future. Accordingly, the Company has avaluable IP portfolio currently comprised of five granted patents andsix patent or trademark applications filed. The Company’s managementteam and employees have a deep understanding of graphene technologybased on decades of aggregate academic and commercial experience.Graphene Laboratories Inc., a wholly-owned subsidiary of G6 located inRonkonkoma, New York, has established its premium research laboratoryand scalable production facility is equipped with advanced analyticaland material processing equipment.

The Company’s e-commerce websites are listedbelow:

• - Conductive Epoxies: Adhesive materials distributedunder the G6-Epoxy TM trade name and can be purchased at g6-epoxy.com

  - R&D Materials: Graphene Laboratories Inc.currently offers over 100 graphene and related products available at Graphene-Supermarket.com

Forward-Looking Information

This news release contains forward-looking statements within the meaning of the applicablesecurities legislation that is based on expectations, estimates andprojections as at the date of this news release. By their nature, forward-looking statements involve known andunknown risks, uncertainties and other factors which may cause actualresults, performance or achievements, or other future events, to bematerially different from any future results, performance orachievements expressed or implied by such forward-looking statements.“Forward-looking information” in this news release includesinformation about the acquisition of GX Technologies; the potentialfor the Company’s long-term growth; the business goals andobjectives of the Company, and other forward-looking informationincludes but is not limited to information concerning the intentions,plans and future actions of the parties to the transactions describedherein and the terms thereon.

Risk factors that could cause actual results to differmaterially from those described in such forward-looking informationinclude, but are not limited to, the combined company not being ableto expand its pilot facility to produce graphene oxide in Long Island,New York on the terms currently anticipated, or at all; that thecombined company may not achieve its key milestones andvalue drivers in the time estimated, or at all;the risks associated with outstanding litigation, if any; risksassociated with adoption by industries of graphene-based productshealth and environmental factors affecting adoption of thesetechnologies; the company may fail to obtain appropriate governmentapprovals or accreditation related to the business’ operations and technological processes; the market conditionsand demand for its product as well as the market prices of suchproducts being developed by the company may change over time; relianceon key personnel; the potential for conflicts of interest amongcertain officers, directors or promoters with certain other projects;the absence of dividends; competition; dilution; the volatility of ourcommon share price and volume; and tax consequences to U.S.shareholders.

The Company undertakes no obligation to revise orupdate any forward-looking information other than as required bylaw.

Neither TSX VentureExchange nor its Regulation Services Provider (as that term is definedin the policies of the TSX Venture Exchange) accepts responsibilityfor the adequacy or accuracy of this release.

Commercial Inquiries

Daniel Stolyarov, President & CEO

Telephone: (631) 405-5113

Email: info@g6-materials.com

Investor Inquiries

G6 Investor Relations

Telephone: (631) 405-5114

Email: investors@ g6-materials.com

ON BEHALF OF THE BOARD:  Daniel Stolyarov, President& CEO

SOURCE: G6 Materials Corp.

For more information on G6 Materials Corp., pleasevisit www.G6-Materials.com or its profile page on SEDAR at www.sedar.com.

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