GGG:CC - G6 Materials Reports Financial Results for the Second Fiscal Quarter of 2024

(TheNewswire)

Ronkonkoma, New York, USA -TheNewswire – January 30, 2024 - G6 Materials Corp. (“G6” or the“Company”) (TSXV:GGG ) ( OTC:GPHBF), ahigh-tech company with expertise in advanced materials and developinginnovative composites for a wide range of industrial uses, announces that it has filed its unaudited financialresults for the second quarter of the fiscal year ending November 30,2023, the highlights of which are included in this news release. Thefull set of Condensed Interim Consolidated Financial Statements andManagement Discussion and Analysis can be viewed by visiting G6’swebsite at www.g6-materials.com or its profile page on SEDAR at www.sedar.com .

Financial Highlights (all amounts expressed in US dollars unless otherwisenoted)

• Revenue for the three-month period ended November 30,2023 was $298,022, a decrease from the $490,527 reported for the samethree-month period last year, due to a change in product salesmix.

• Gross profit for the three-month period ended November30, 2023 was a loss of $9,242, an improvement from the loss of $39,467reported for the same three-month period last year, due to a relativedecrease the cost of goods sold on a year-over year basis.

• Total expenses for the three-month period ended November 30, 2023 was $427,712, a significant improvement from the $872,419reported for the same three-month period last year, primarily due to alarge decrease in general and administrative expenses.

• Net loss for thethree-month period ended November 30, 2023 was $436,954, a significantimprovement to the net loss of $911,886 reported for the samethree-month period last year , as the Companycontinued with reduced expenditures to preserve cash.

• Total assets for the period ended November 30, 2023were $832,321, from $1,441,003 reported for the annual period endedMay 31, 2023.

Management Commentary

"In line with the previous quarter, G6's secondfiscal quarter of 2024 saw a noteworthy decrease in the company'syear-over-year cash-based expenses. This prudent financial strategywas imperative during a transitional phase for the organization,marked by the formulation and ongoing implementation of a newcompetitive strategy under the leadership of our new managementteam." stated Guy Bourgeois, CEO & Director of G6 MaterialsCorp. "Assuming the role of the new strategic leader at G6, afteran appropriate tenure as an independent board member, is an honor.Together with the board, we will optimize G6's revenue stream,operations and position the Company strategically to leveragelucrative opportunities in the advanced materials space," Mr.Bourgeois added.

Summary of Key Financial Measures (all amounts expressed in US dollars unlessotherwise noted)

The following table contains summary financialinformation taken from the Company’s quarterly financial reportscovering the last five reporting quarters. The information set forthshould be read in conjunction with theCompany’s audited annual financial statements, prepared inaccordance with International Financial Reporting Standards and therelated notes thereon.

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 TM trade name and can be purchasedat 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 involve known and unknown risks,uncertainties and other factors which may cause actual results,performance or achievements, or other future events, to be materiallydifferent from any future results, performance or achievementsexpressed or implied by such forward-looking statements.“Forward-looking information” in this news release includes but isnot limited to information about the graphene-enhanced air purifier(including efficacy, potential commercialization and patent pendingthereof); information about the potential for the Company’slong-term growth; the business goals and objectives of the Company,and other forward-looking information concerning the intentions, plansand future actions of the parties to the transactions described hereinand 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 theforward-looking information are reasonable, forward-lookinginformation is not a guarantee of future performance and accordinglyundue reliance should not be put on such information due to theinherent 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

Kevin Cornish, Chief Financial Officer

Telephone: (516) 382-8649

Email: kevin.cornish@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.

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