GGG - G6 Materials Reports Financial Results for the Third Fiscal Quarter of 2024

(TheNewswire)

Ronkonkoma, New York, USA – TheNewswire – April 29, 2024 - G6Materials Corp. (“G6” or the “Company”) (TSXV: GGG , OTCQB: GPHBF ), a high-tech company with expertise in advancedmaterials and developing innovative composites for a wide range ofindustrial uses, is pleased to announce that ithas filed its unaudited financial results for the third quarter of the fiscal year ending February 29,2024, 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 https://g6-materials.com/ or its profile page onSEDAR+ at www.sedarplus.ca .

Financial Highlights (all amounts expressed in US dollars unlessotherwise noted)

• Revenue for the three-month period ended February 29, 2024 was$222,273, a decrease from the $370,646 reported for the same three-month period last year, due to a change in product sales mix.

• Gross profit for the three -month period ended February 29, 2024 was$98,347, a decrease from the $176,318 reported for the samethree-month period last year, due to a relative decrease in revenue ona year-over year basis.

• Total expenses for the three-month period ended February 29, 2024 was$247,501, a significant improvement from the $622,844 reported for thesame three-month period last year, primarily due to a large decreasein general and administrative expenses.

• Net loss for the three-month period ended February 29, 2024 was$149,154, a significant improvement to the net loss of $446,526reported for the same three -month period last year, as the Companycontinued with reduced expenditures to preserve cash.

• Total assets for the period ended February 29, 2024 were $964,247,from $1,441,003 reported for the annual period ended May 31, 2023.

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 limited to conductive epoxies, high-performancecomposites, and R&D materials, with numerous customers from amongthe Fortune 500 list of companies, as well as NASA and leadinguniversities. Graphene Laboratories Inc. has entered the global airfiltration market with Breathe + , a line ofmedical-grade HEPA air filtration products enhanced with advancedperformance 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 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

Guy Bourgeois , President & Chief ExecutiveOfficer

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.

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