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

(TheNewswire)

Ronkonkoma, New York, USA – TheNewswire – March 25, 2024 - G6Materials Corp. (“G6” or the “Company”) (TSXV: GGG, OTCQB:GPHBF), a high-tech company with expertise inadvanced materials and developing innovative composites for a widerange of industrial uses, is pleased to announcethat further to the New Release dated February 28,2024 , it has closed the TechnologyLicense Agreement dated February 22, 2024 between the Company andGraphene Corp. (the " Licensor "), a subsidiary of ElcoraAdvanced Materials Corp., in respect of intellectual property rightsassociated with graphene coating technology (the " Subject Technology "). The acquisition of this License aligns seamlesslywith G6's vision to deliver cutting-edge solutions that push thelimits of performance, sustainability and offer innovative solutionsacross diverse industries. The License for the Subject Technology isfor a period of up to February 1, 2026 and is non-exclusive,non-sublicensable and non-transferable.

The license fee of $ 300,000 hasbeen paid through the issuance of 3,333,333 common shares in thecapital of the Company (the “ Shares ”) at a deemed price of $0.09 perShare. No finder’s fees will be paid on the Agreement. The Companyutilized Section 2.12 of the National Instrument – ProspectusExemptions, also referred to as the asset acquisition prospectusexemption, for the issuance of the Shares. These Shares will besubject 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 asconsideration for the License, the Licensor owns an aggregate of3,333,333 Shares of the Company or approximately 16.92 % of the issued and outstandingcommon shares of the Company. The acquisition is an arm’s lengthtransaction.

The Technology

The licensed graphene coating technology offerssuperior performance characteristics that will diversify G6's productportfolio.

Early Warning Disclosure

Graphene Corp. (the “ Acquiror ”), asubsidiary of Elcora Advanced MaterialsCorp., acquired 3,333,333 common shares in thecapital of the Company (the “ Consideration Shares ”) at a deemed price of$0.09 per Consideration Share pursuant the Technology LicenseAgreement dated February 22, 2024 (the “ Agreement ”). Priorto the issuance of the Consideration Shares under the Agreement, theAcquiror does not own any common shares in the capital of the Company.After the issuance of the Consideration Shares, the Acquiror now holds3,333,333 common shares of the Company representing 16.92% of theissued and outstanding common shares of the Company on a non-dilutedbasis. The Acquiror does not hold other securities of theCompany.

The Acquiror may acquire or dispose of securities ofthe Company in the future through, among other means, the purchase orsale of common shares on the open market, or in private transactionsor otherwise, on such terms and at such times as the Acquiror may deemadvisable. A copy of the early warning reportbeing filed by the Acquiror may be obtained by contacting the Companyat 604-687-2038.

About G6 Materials Corp.

G6 Materials Corp. is a high-tech company withexpertise in advanced materials that creates value developinginnovative composites for a wide range of industrial uses. GrapheneLaboratories Inc., a wholly owned subsidiary of G6, sells a range ofgraphene-based products and other materials, including but not limitedto conductive epoxies, high-performance composites, and R&Dmaterials, with numerous customers from among the Fortune 500 list ofcompanies, as well as NASA and leading universities. GrapheneLaboratories Inc. has entered the global air filtration market withBreathe + , a line of medical-grade HEPA air filtration productsenhanced with advanced performance graphene material.

G6 has identified new graphene-based applications toaccelerate growth into the future. Accordingly, the Company has avaluable IP portfolio currently comprising seven granted patents. TheCompany’s management team and employees have a deep understanding ofgraphene technology based on decades of aggregate academic andcommercial experience. Graphene Laboratories Inc. has established itspremium research laboratory and scalable production facility equippedwith advanced analytical and material processing equipment.

The Company’s e-commerce websites are listedbelow:

• Breathe : Medical-grade HEPA airfiltration enhanced with advanced performance graphene material, formore information, visit www.breatheplus.tech

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

• D Materials: Graphene Laboratories Inc. currentlyoffers over 100 graphene and related products available at www.graphene-supermarket.com

Forward-Looking Information

This news release contains forward-looking statementswithin the meaning of the applicable securities legislation that isbased on expectations, estimates and projections as at the date ofthis news release. By their nature, forward-looking statements involveknown and unknown risks, uncertainties and other factors which maycause actual results, performance or achievements, or other futureevents, to be materially different from any future results,performance or achievements expressed or implied by suchforward-looking statements. “Forward-looking information” in thisnews release includes but is not limited to information about thegraphene-enhanced air purifier (including efficacy, potentialcommercialization and patent pending thereof); information about thepotential for the Company’s long-term growth; the business goals andobjectives of the Company, and other forward-looking informationconcerning the intentions, plans and future actions of the parties tothe transactions described herein and the terms thereon.

The forward-looking information in this news releasereflects the current expectations, assumptions and/or beliefs of theCompany 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 performanceand accordingly undue reliance should not be put on such informationdue to the inherent uncertainty therein.

Risk factors that could cause actual results to differmaterially include, but are not limited to, the actual results incommercial applications of the Company’s graphene-enhanced airpurifier may differ significantly from its test results; health andenvironmental factors affecting the adoption of the Company’sgraphene-based technologies or other products; the Company may fail toobtain appropriate government approvals or accreditation related tothe business’ operations and technological processes; the marketconditions and demand for its product as well as the market prices ofsuch products being developed by the Company may change over time;reliance on key personnel; the potential for conflicts of interestamong certain officers, directors or promoters with certain otherprojects; competition; dilution; and the volatility of our commonshare price and volume.

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

Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.

Corporate Inquiries

Guy Bourgeois , President& Chief Executive Officer

Telephone: (516) 382-8649

Email: gbourgeois@g6-materials.com

Commercial Inquiries

Email: info@g6-materials.com

Investor Inquiries

Telephone: 1-(866)-324-4244

Email: investors@g6-materials.com

ON BEHALF OF THE BOARD:  Gary Dyal, Chairman

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

SOURCE: G6 Materials Corp.

Copyright (c) 2024 TheNewswire - All rights reserved.