BRISBANE, QUEENSLAND, AUSTRALIA – Graphene Manufacturing Group Ltd. (TSX-V:GMG) (“GMG” or the “Company”) is pleased to provide an update to the composition of the Company’s board of directors and company secretary roles which will support the Company as it proceeds into its next phase of development.

• Mr. Frederick Kotzee recently joined the Company as Chief Financial Officer and will now join the board of directors. Frederick is a chartered accountant with more than 20 years of public company experience leading financial operations and strategic planning for multinational companies. Through his career, Frederick has held various positions in the Anglo American Group where his roles included General Manager of Corporate Finance, Head of Business Development at Anglo Platinum and then Chief Financial Officer of Kumba Iron Ore Limited, listed on the Johannesburg stock exchange. Frederick was the CFO of the Australian listed Kidman Resources Limited, a lithium project developer, where he successfully secured financing and offtake agreements with large battery purchasing companies as well as supporting the company’s ultimate acquisition by Wesfarmers Limited for more than $750m.

• Anjana Reddy is the current General Manager Business Services of the Company, she oversees legal, commercial and HR functions, and has been appointed as a Company Secretary. Anj has broad experience across a number of industries, previously holding senior Commercial roles for Coca-Cola Amatil, Queensland Government owned Electricity Generator Stanwell and Middle East construction JV Habtoor Leighton Group. Most recently Anj was the Manager Commercial and Contracts for IOR Petroleum. Anj has a Bachelor of Science and Law with First Class Honours from James Cook University, a Masters in Commercial and Contracts Law from University of Melbourne, a Masters of Business Administration from University of Queensland, Principles of International Law from Harvard Extension School.

GMG’s CEO Craig Nicol stated, “I’m looking forward to Frederick’s and Anj’s additional contributions following their displays of high quality leadership and professionalism in their roles.”

Guy Outen, GMG’s Chair added, “I’m delighted to welcome Frederick to the board and Anj as a Company Secretary. Their past successes in various companies in these respective roles and recent contributions to GMG give me confidence that they will be great assets to the board and in supporting GMG’s significant aspirations.”

About GMG

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”).

For further information, please contact:
– Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
– Leo Karabelas at Focus Communications, info@fcir.ca , +1 647 689 6041

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Graphene Manufacturing Group Ltd. (TSX-V:GMG; FRA:0GF) (“GMG” or the “Company”) is pleased to advise that the Company has taken a Final Investment Decision (“FID”) on Phase 1 of its graphene manufacturing expansion project. The expansion project includes an executed 5 year lease to expand total office and warehouse space to 3,500 square metres, the next generation of the Company’s proprietary graphene production technology with enhanced automation, a micro-grid with energy storage component to improve commercial and environmental electricity supply for the production process, and an infrastructure corridor to allow rapid scaling of further graphene manufacturing capacity during future phases of the graphene manufacturing expansion project. The project will be managed and executed by the Company’s engineers with Wood engineering (the Company’s graphene manufacturing scaling engineering service supplier) providing safety, assurance and design review services.

Following positive potential customer feedback from G+AI battery coin cell prototype testing, and ongoing enhancements to the Company’s unique graphene production process, the Company believes enhanced and expanded production facilities are now appropriate.

The lease commitment of the additional new office and warehouse space of 1,500 square metres, which is adjacent to the existing Company leased 2,000 square metre office and warehouse, is intended to accommodate new staff and expand graphene manufacturing capacity.

The Phase 1 expansion project is expected to provide ample graphene supply for the production of the Company’s graphene aluminium-ion battery (“G+AI Battery”) coin cells, as well as the Company’s energy saving liquid graphene products. The total investment of approximately AU$1.5 million is expected to be fully commissioned by first half of 2023. This project was envisaged in the September 2021 market raise but now also includes costs to relocate all of GMG’s existing graphene manufacturing capacity adjacent to its new headquarters and Battery Development Centre (“BDC”) in Brisbane, Australia.

GMG’s Managing Director and CEO, Craig Nicol, commented: “Taking FID on this project is not only a reflection on the level of confidence we have in manufacturing high quality graphene for our applications at scale, it’s also a reflection of our confidence to commercialise energy savings and energy storage applications in the near term. It is very pleasing to see that we are now scaling up our graphene manufacturing capacity using the propriety process that we developed ourselves since 2017.”

A potential subsequent FID for further expanded graphene production which is expected to be located in the new warehouse space, will be considered upon the maturing of targeted commercialisation opportunities for either the Company’s G+AI Battery and energy saving liquid graphene products. The newly leased site is expected to have enough space to enable multiple such increases of production.

By increasing the use of solar power, co-generation and energy storage systems, electricity supply will be largely self-sufficient and achieve a lower carbon emissions footprint for the production facility.

About GMG

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”).

For further information, please contact:
– Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
– Leo Karabelas at Focus Communications, info@fcir.ca , +1 647 689 6041

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things: the FID on Phase 1 and a subsequent second phase of the manufacturing plant expansion project; Wood’s participation in the expansion project; the timing and cost of completion of Phase 1; the enhancements to the production facility stemming from the completion of Phase 1 and subsequent phases; the ability of the expansion project to provide adequate graphene to produce G+AI battery coin cells and liquid graphene products; the production, commercialisation, scaling, quality and application of G+AI battery coin cell and the Company’s energy saving liquid graphene products; and the impact, use and capability of the expanded facility.

These forward looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to uncertain demand for the Company’s products, the effectiveness of Company’s deployment of resources, including its personnel, the intention of the Company to develop and produce certain products, that the Company will not be successful in expanding the production facility as expected, uncertainty regarding costs of expanding the facility, that the results of the expanded facility will not be aligned with management’s expectations, and that the production, commercialisation, scaling, quality and application of the G+AI battery coin cell and the Company’s energy saving liquid graphene products will differ from expectations.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the deployment of the Company’s resources and personnel, that the Company will be able to expand the production facility as expected, the accuracy of the Company’s expectations in relation to the effect of the Phase 1 and further expansion, and its impact on the production, commercialisation, scaling, quality and application of the Company’s products.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

 

BRISBANE, QUEENSLAND, AUSTRALIA – Graphene Manufacturing Group Ltd. (TSX-V:GMG) (“GMG”) is pleased to announce that GMG and OzKem Pty Ltd (“OzKem”) have signed a binding agreement for GMG to acquire the manufacturing intellectual property and brand rights of OzKem’s THERMAL-XR® coating products. OzKem developed the THERMAL-XR® coating system products using GMG graphene together with OzKem’s base HVAC (Heating Venting and Air Conditioning) coating. GMG is an international distributor of THERMAL-XR® products with a number of global commercial demonstrations underway or initial sales completed. Following the completion of the agreement GMG will own the THERMAL-XR® brand, will buy the base coatings product from OzKem, and GMG will manufacture the THERMAL-XR® products containing GMG graphene.

Under a binding detailed agreement, GMG and OzKem have agreed to the following terms:

• Transfer THERMAL-XR® manufacturing intellectual property from OzKem to GMG to enable GMG to manufacture the products with GMG graphene going forward;

• Transfer the THERMAL-XR® branding ownership from OzKem to GMG;

• GMG to buy exclusively from OzKem the base coating at agreed prices for a fixed period of five years. OzKem agrees not to develop graphene-based coatings for the same fixed period; and

• GMG to pay to OzKem an initial AU$1 million cash and a subsequent AU$1 million in ordinary shares in the Company, conditional on a successful commercial batch blend of the THERMAL XR® product completed by GMG.

OzKem’s Managing Director, Terry Kobler, commented “OzKem has been working with GMG since 2018. It was obvious to OzKem that the quality of graphene supplied by GMG could make a positive impact in our development of a conductive coating to restore lost efficiency in air conditioning units. Since those early days, our partnership has grown significantly. It is a natural development in the business for GMG to take over the THERMAL XR® business and work to develop the potential of this technology.”

GMG’s Managing Director and CEO, Craig Nicol, commented: “We are excited with this next stage of the commercial maturation of THERMAL-XR® products. Together, with the partnerships already established, this is another important step towards GMG’s goal to become a major global supplier of energy saving products as well as G+AI Batteries as we continue to de-risk the commercial scale up of these technologies.”

About OzKem Pty Ltd

OzKem is a world leading coating technology company focused on the protection of heat exchange coils. OzKem formulates, develops and supplies world leading coating technology for the protection and maintenance of heat exchange coils. OzKem’s main goal is to provide long term corrosion and biofouling protection which will deliver long term energy efficiency. The corner stone of the OzKem business philosophy is technical support. Helping customers not only with their specific issues related to corrosion protection but also more broadly with heat exchange manufacturing processes and system efficiency.

About GMG

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”).

For further information, please contact:

• Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
• Leo Karabelas at Focus Communications, info@fcir.ca , +1 647 689 6041

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding timing, completion and the final terms and conditions of binding agreements entered into between OzKem and the Company; the impact, effects and capabilities of GMG and its products; GMG’s ability to produce its products and the benefits arising from such products; GMG’s plans and business strategies; the successful completion of a commercial batch blend of the THERMAL XR® product completed by GMG; the production process and raw inputs used therein; the commercial progress and technical characteristics of certain products; performance regarding to certain residential and industrial applications; and the commercial maturation of THERMAL-XR® products.

These forward looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the deployment of the Company’s resources; that the results and impacts arising from the binding agreement between GMG and OzKem will differ from the Company’s expectations or be realized at all; changes to regional and global market trends; that the Company will be unable to develop and produce certain products and technologies; that commercial progress, technical characteristics and benefits will not be consistent with management’s expectations; and that GMG will not be able to successfully complete a batch blend of the THERMAL XR® products In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the Company’s ability to complete the binding agreement with OzKem and that benefits and impacts arising from binding agreements between the Company and OzKem will be consistent with the Company’s expectations; the Company’s ability to research, develop and test its products, including THERMAL XR®, within anticipated timelines; and market demand for the Company’s products.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

The Australian Financial Review | The Battery That Charges 70 Times Faster Than Lithium-Ion.

https:lnkd.in/gKst287M

Author: Mark Ludlow  linkedin.com/in/mark-ludlow-47964bb4

Brisbane Burea Chief/QLD Political Correspondent at The Australian Financial Review, Fairfax Media

Please note that this paid licensed article requires a paid subscription to access.

www.graphenemg.com    |    TSXV: GMG

BRISBANE, QUEENSLAND, AUSTRALIA – Graphene Manufacturing Group Ltd. (TSX-V:GMG; FRA:0GF) (“GMG” or the “Company”) is pleased to announce the appointment of Frederick Kotzee as chief financial officer (CFO), effective July 25th, 2022. Mr. Kotzee joins GMG as an experienced CFO having worked with a number of resource and industrial related companies in Australia and South Africa. Mr. Kotzee will be a member of GMG’s leadership team reporting to and working closely with CEO, Craig Nicol.

Mr. Kotzee is a chartered accountant with more than 20 years of public markets company experience leading financial operations and strategic planning for multinational companies. Through his career, Mr. Kotzee has held various positions in the Anglo American Group where his roles included General Manager of Corporate Finance, Head of Business Development at Anglo Platinum and then Chief Financial Officer of Kumba Iron Ore Limited, listed on the Johannesburg stock exchange. Mr. Kotzee was the CFO of the Australian listed Kidman Resources Limited, a lithium project developer, where he successfully secured financing and offtake agreements with large battery purchasing companies as well as supporting the company’s ultimate acquisition by Wesfarmers Limited for more than $750m.

GMG’s CEO Craig Nicol stated, “I’m looking forward to Frederick’s contributions to a wide range of finance and business areas to support GMG’s ongoing development. Frederick’s running of the multi-faceted elements of the finance function, and helping to lead the organisation’s growth, will be key in the next steps for the Company.”

Guy Outen, GMG’s Chair added, “I’m delighted to welcome Frederick to GMG. He’s a leader with a broad range of finance and general business capabilities and experiences. His past CFO successes in listed company reporting, debt and equity financings, along with the wide range of finance responsibilities will be great assets as will his broader experiences in operations and commercial agreements in supporting GMG’s significant aspirations.”

About GMG

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”).

For further information, please contact:
– Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
– Leo Karabelas at Focus Communications, info@fcir.ca , +1 647 689 6041

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

BRISBANE, QUEENSLAND, AUSTRALIA – Graphene Manufacturing Group Ltd. (TSX-V:GMG) (“GMG” or the “Company”) is pleased to announce that Dr Emma FitzGerald will join the Company’s board of directors (the “Board”), effective July 1, 2022. GMG also announces that current Director Robbert de Weijer will leave the Board and the Company effective July 15, 2022.

Emma FitzGerald has 25+ years of leadership experience with global businesses in the Water and Energy Sectors. Most recently she was CEO of Puma Energy focused on delivering affordable and sustainable energy solutions to emerging markets in Africa, Central America and Asia. Prior to this she ran gas, water and waste networks for National Grid and Severn Trent in the UK. She also spent many years running Downstream Retail, Lubricants and LPG businesses for Shell plc. around the world. Over the last ten years she has served on the boards of publicly listed, privately owned and not for profit organizations in both Executive and Non Executive Director capacities.

Emma is currently a Non-Executive director of UPM Kymmene, Seplat Energy and Newmont Corporation. She is also a Mentor on the climate workstream for the Creative Destruction Lab, a not for profit organisation focused on the scaling of innovative solutions to accelerate energy transition. Emma has a PHD in surface chemistry/materials science from Oxford University and an MBA from Manchester Business School.

Robbert de Weijer was a co-founder of GMG, joining the Company and Board in 2017. He has played a key role in the development of GMG’s unique graphene production technology and its translation into operating processes. Robbert’s passion for Health, Safety and Environment saw him drive and support key processes and initiatives as GMG experimented and grew. Robbert also developed and fostered a number of key technical and commercial partner relationships critical to GMG’s success. Over the past year he has overseen the battery production programme before recently handing over responsibilities.

Guy Outen, Board Chair, said “The Board understands and supports Robbert’s desire to spend more time with his family and friends in Australia and overseas and thus his resignation as executive and Director. The Board and the Company thank him and wish him and his family every success in the future. We also very much welcome Emma to the Board and look forward to her contribution to GMG’s further development.”

About GMG

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”).

For further information, please contact:
– Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
– Leo Karabelas at Focus Communications, info@fcir.ca , +1 647 689 6041

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements relating to the impact of the new Board member on the Company’s development.

These forward looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, the effectiveness of Company’s personnel, and their ability to impact the development of the Company.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the deployment of the Company’s resources and personnel and the accuracy of the Company’s expectations regarding the impact of personnel on the Company’s development.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

BRISBANE, QUEENSLAND, AUSTRALIA – Graphene Manufacturing Group Ltd. (TSX-V:GMG; FRA:0GF) (“GMG ” or the “Company”) is pleased to announce that the Company has commissioned its graphene aluminium-ion batteries (“G+AI Batteries”) in pouch cell format and that the first G+Al battery pouch cells have been manufactured. With the addition of the pouch cell equipment to the existing pilot production and testing plant (“Battery Pilot Plant”), GMG now has operationalised the Battery Development Centre (“BDC”) to enable the productization of this technology for a wide variety of applications.

GMG’s Managing Director and CEO, Craig Nicol, commented: “The commissioning of our pouch cell manufacturing equipment is another important milestone for GMG. It allows us to capitalise on the experience already gained with coin cell development and testing to open the avenues for our technology to a much broader application base. Much of the interest from prospective customers lies in our ability to productize the pouch cell, which can be found in a large range of end products ranging from personal and industrial appliances to grid batteries and EVs.”

“Having our own fully equipped and staffed Battery Development Centre will further enhance our ability to co-innovate with partners that continue to express strong interest in the initial performance results and future potential of G+AI Batteries” Nicol said.

As previously announced, subject to successful commercial prototypes and a final investment decision, GMG aims to construct an initial commercial coin cell G+AI Battery manufacturing facility, followed by first production and sales of G+AI Batteries with the development of G+AI Batteries in pouch cell format occurring in parallel in the Battery Development Centre. The location of this initial commercial manufacturing facility is not yet decided but will likely be in Australia where GMG’s headquarters and existing operations are located.

About GMG

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”).

For further information, please contact:
– Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
– Leo Karabelas at Focus Communications, info@fcir.ca , +1 647 689 6041

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things: the productization of the pouch pack technology and its potential applications; and the effect of the BDC on innovation and partnerships.

These forward looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the deployment of the Company’s resources, including its personnel; the successful commercialization and industrial application of the battery pouch pack format; the market demand for the Company’s products; and the results and impacts of the BDC will differ from the Company’s expectations.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the benefits and impacts of the BDC; the Company’s ability to research, develop and test its products within anticipated timelines; and market demand for the Company’s products.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

 

BRISBANE, QUEENSLAND, AUSTRALIA – Graphene Manufacturing Group Ltd. (TSX-V:GMG) (“GMG” or the “Company”) is pleased to provide an update to the composition of the Company’s leadership team and Technical Advisory Committee which will support the Company as it proceeds into its next phase of development.

Additionally, the Company announces that after nearly six years with GMG, Chris Ohlrich, CFO and Director has decided to leave the Company for personal reasons, since relocating to Melbourne with his family. The current Financial Controller for the Company, Deborah Appleton, will act as the interim CFO until the Company completes a comprehensive executive search for his replacement which is being carried out by executive search firm Russell Reynolds Associates.

As the Company enters its next phase of development, GMG believes there are significant business opportunities related to GMG’s targeted ‘energy saving’ and ‘energy storage’ solutions, which continue to provide strong encouragement for the Company to invest resources to drive sales from its energy saving business and support the continued maturation of its graphene-Aluminium Ion battery technology.

With this focus in mind, the Company is pleased to announce the establishment of a knowledgeable, internationally experienced, Technical Advisory Committee which will include the following members who will add deep insight, experience and connections to GMG:

Bob Galyen (USA) – Bob is a highly experienced executive in the battery energy storage world and science/engineering-based communities. Bob was previously the Chief Technology Officer (CTO) of Contemporary Amperex Technology Company Limited (CATL). CATL is widely known as the largest lithium ion battery manufacturer in the world – supplying electric vehicles and high efficiency storage systems. He serves on multiple Committees of Directors and Technical Advisory Boards.

Professor Dan Brett (UK) – Dan is Professor of Electrochemical Engineering at the University College London (UCL), a top ranked University, where he is a director of the Electrochemical Innovation Lab (EIL) and Advanced Propulsion Lab (APL). He is an academic founder of the Faraday Institution (a UK battery research programme with a consortium of over 20 UK universities and 50 businesses – including 450 researchers) and member of its Expert Panel.

Underpinning the Company’s efforts to further strengthen its management team, GMG is excited to announce several recent new management team appointments, including:

Mark Chan Yan as Battery General Manager. Mark has significant international experience with global technology companies including Yokogawa and ABB having held General Management roles in Sales and Technical leadership, driving the commercialisation of prototypes or concepts into products and solutions at scale. Mark has a Bachelor of Science (Electrical & Electronic Engineering) from the University of Cape Town (UCT) in South Africa. Mark will lead our Battery division going forward.

Mark Lock as Energy Saving Solutions General Manager, Mark has deep experience in industrial equipment sales and service solutions working in sales and technical leadership roles for companies including Komatsu, Brambles, Coates Hire, Onsite Rental Group and Aurizon. Most recently for Waco Australasia – a company servicing mining and heavy industry with specialist access, protective coatings and maintenance solutions. Mark will lead our Energy Savings Solutions business going forward.

Jeffrey Morris as Chief Technology and Projects Officer, Jeff has over 25 years of experience in engineering and project management. Jeff has worked in the oil and gas, mining, water treatment, and renewable energy industries including for such companies as Caltex, Origin Energy, BHP and Shell owned QGC. Jeff specialises in design, construction, commissioning, energy management, and business development. Jeff has completed studies of a Master’s Degree in Executive Business at Queensland University of Technology, Diploma of Project Management at University of New England, and Bachelor of Chemical Engineering at University of Queensland. Jeff will lead our technology and projects team going forward.

Tim Scheiwe as Head of Marketing, Tim has near 20 years of experience in industrial B2B marketing, product management and sales experience in selling industrial chemicals such as hydrocarbons, ethanol, surfactants and heat transfer fluids for such companies as Orica and Recochem to a variety of industry and applications. Tim has completed a Bachelor of Commerce at Griffith University and a Master of Business Administration with a Dean’s Academic Honour Board Recipient from the University of Queensland.

Anjana Reddy as General Manager Business Services, Anj has broad legal, commercial and HR experience, including senior Commercial roles for Coca-Cola Amatil, Queensland Government owned Electricity Generator Stanwell and Middle East construction JV Habtoor Leighton Group. Most recently with IOR Petroleum as Manager Commercial and Contracts. Anj has a Bachelor of Science and Law with First Class Honours from James Cook University, a Masters in Commercial and Contracts Law from University of Melbourne, a Masters of Business Administration from University of Queensland, Principles of International Law from Harvard Extension School and is a qualified General Practitioner.

Chris Ohlrich has been instrumental in the establishment of GMG. Under Chris’ financial leadership GMG recently reported approximately AU$14 million in cash on its balance sheet, strong and effective shareholder relationships, a robust network within North American capital markets, and an effective finance and reporting team that has successfully lodged inaugural public Annual Financial Statements and ongoing quarterly disclosures. The Company understands and supports Chris’ desire to be based with his family in Melbourne and thus resignation as CFO and Director as at 3rd June, 2022. The Board and Company thank him and wish him and his family every success in the future.

About GMG

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”).

For further information, please contact:
– Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
– Leo Karabelas at Focus Communications, info@fcir.ca , +1 647 689 6041

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements relation to the business opportunities that exist in relation to the Company’s energy saving and energy storage offerings, and the affect of new appointments to the management team and advisory board on the development of the Company.

These forward looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to uncertain demand for the Company’s products, the effectiveness of Company’s deployment of resources, and the failure of GMG to attract and retain skilled personnel.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the deployment of the Company’s resources and personnel and the accuracy of the Company’s expectations in the energy saving and storage space.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

BRISBANE, QUEENSLAND, AUSTRALIA – Graphene Manufacturing Group Ltd. (TSX-V:GMG) (“GMG” or the “Company”) is pleased to announce that GMG and Rio Tinto have signed a non-binding agreement to collaborate on energy saving and storage solutions. Together, GMG and Rio Tinto will explore the use of energy saving products in Rio Tinto’s operations, explore working together to support GMG’s development of Graphene Aluminium-Ion (“G+Al”) batteries, and collaborate on mining and other industrial applications.

Under a non-binding term sheet, GMG and Rio Tinto will:

• discuss conducting trials of GMG’s energy saving products in both existing applications and new industrial applications, to deliver energy savings and associated carbon reductions to support Rio Tinto’s decarbonisation objectives;

• explore supply of aluminium materials, one of the key components in G+Al battery technology, by Rio Tinto to GMG with an aim to optimise and accelerate battery development;

• investigate the use of G+Al batteries in various Rio Tinto mining and industrial applications. Success could see significant performance enhancements and support Rio Tinto’s transition to low carbon operations.

Rio Tinto’s Chief Scientist, Nigel Steward, commented, “Our companies share a vision of a low carbon future and we see great potential in the partnership. We aim to develop a truly green battery from our low carbon aluminium, which could transform the way we supply and store energy to anything from a leaf blower to a mining haul truck. It is a very exciting prospect and we are looking forward to bringing together the technical ingenuity of both Rio Tinto and GMG.”

GMG’s Managing Director and CEO, Craig Nicol, commented: “We are excited to be collaborating with Rio Tinto, one of the world’s largest mining companies who are committed to leveraging leading technologies for efficient and low carbon operations. The collaboration with Rio Tinto adds another key element in GMG’s leading partnerships to develop our G+Al Battery following recent agreements with Wood for scaling graphene production and Bosch for automated battery production. Rio Tinto’s supply of aluminium and development of material industrial battery applications also add to our battery development plans. Together, with the partnerships already established, this is another important step towards GMG’s goal to become a major global supplier of energy saving products as well as G+AI Batteries as we continue to de-risk the commercial scale up of this technology.”

About Rio Tinto

Rio Tinto is a leading mining and metals company, operating in 35 countries and producing high-quality iron ore, copper, aluminium, and other materials that are essential for the low-carbon transition. Rio Tinto is committed to reaching net-zero by 2050 and is targeting a 15% reduction in scope 1&2 emissions by 2025 (from a 2018 baseline) and a 50% reduction by 2030. For more information visit riotinto.com.

About GMG

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”).

For further information, please contact:
– Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
– Leo Karabelas at Focus Communications, info@fcir.ca , +1 647 689 6041

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding timing, completion and the final terms and conditions of binding agreements to be entered into between Rio Tinto and the Company; Rio Tinto’s role as a technical development partner and supplier of aluminium and the impacts and benefits arising therefrom; GMG’s ability to produce its products and the benefits arising from such products; and the commercial progress and technical characteristics of certain products; the ability of GMG’s products to enhance Rio Tinto’s performance with regards to certain industrial applications, and reduce carbon emissions.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the deployment of the Company’s resources, including that GMG and Rio Tinto will be unable to agree on terms and conditions for binding agreements; that such terms and conditions will differ from the Company’s expectations; that results and impacts arising from any binding agreements between GMG and Rio Tinto will differ from the Company’s expectations; changes to regional and global market trends; and that the Company will be unable to research, develop and produce certain products and technologies.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the Company’s ability to enter into binding agreements with Rio Tinto on the terms consistent with the Company’s expectations; that benefits and impacts arising from binding agreements between the Company and Rio Tinto will be consistent with the Company’s expectations; the Company’s ability to research, develop and test its products within anticipated timelines; and market demand for the Company’s products.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

 

BRISBANE, AUSTRALIA – April 26, 2022 – Graphene Manufacturing Group Ltd (“GMG” or the “Company”) is pleased to announce that it has entered into the following agreements as the Company progresses to the next phase of its investor relations activities:

• a consulting services agreement with Triomphe Holdings Ltd. (DBA Capital Analytica), a private company headquartered in Nanaimo, British Columbia (“Capital Analytica”), having an effective date of April 25, 2022 (the “Capital Analytica Agreement”);

• an advertising and investor awareness campaign agreement with Dig Media Inc., (DBA Investing News Network) (“INN”), a private company headquartered in Vancouver, British Columbia (“INN”), executed on April 26, 2022 and having an effective date of April 19, 2022 (the “INN Agreement”);

• a terms of service agreement with C. Fleck and Associates. (website – KEReport.com), an organization headquartered in Vancouver, British Columbia (“K.E. Report”), executed on April 26, 2022 and having an effective date of February 1, 2022 (the ” K.E. Report Agreement”); and

• a services agreement with consulting agreement with Proactive Investors North America Inc., a private company with offices across North America, Australia and in Europe (“Proactive Investors”), having an effective date of April 25, 2022 (the “Proactive Investors Agreement”);

(collectively, the “IR Agreements”).Capital Analytics is an integrated media platform that produces in-depth business intelligence through its annual print and digital economic reviews, high-impact conferences, and events and top-level interviews via its video platform. Pursuant to the Capital Analytica Agreement, Capital Analytica will provide consulting services, including social media consultation, social engagement reporting and social media news and corporate video dissemination to GMG for a six-month term. In accordance with the Capital Analytica Agreement, the Company will pay Capital Analytica a fee of C$100,000, plus applicable taxes, at commencement of the Capital Analytica Agreement.

INN is a private company dedicated to providing independent news and education to investors since 2007. Pursuant to the INN Agreement, INN will provide advertising campaign services, including advertising profile, lead generation, press release syndication, banner advertising, email services and campaign metrics to GMG for a twelve-month term, unless terminated in accordance with its terms. In accordance with the INN Agreement, the Company will pay INN a fee of C$36,000, plus applicable taxes, in four equal instalments of C$9,000 each quarter in advance at commencement of the INN Agreement.

K.E. Report are in the business of development and distribution of an investment focused radio show and podcast. Pursuant to the K.E. Report Agreement, K.E. Report will provide professional services, including audio, radio and video interviews on a regular basis in unlimited number reporting GMG news and address investor questions, webinars, introductions to newsletter writers, industry analysts and fund managers, and banner advertising for an initial six-month term, which may be extended for a further six-month term, unless terminated in accordance with its terms. In accordance with the K.E. Report Agreement, the Company will pay K.E. Report a fee of C$9,000, plus applicable taxes, for each six-month period, in arrears. Corey Fleck, a principal of K.E. Report, holds 4,500 common shares in the Company.

Proactive Investors is a multi-media business and financial media portal that provides breaking news, commentary and analysis on hundreds of listed companies and pre-IPO businesses across the globe. Pursuant to the Proactive Investors Agreement, Proactive Investors will provide media services, including research reports and analyst videos, to GMG for a twelve-month term, unless terminated in accordance with its terms. In accordance with the Proactive Investors Agreement, the Company will pay Proactive Investors a fee of US$30,500, plus applicable taxes, for each six-month period, in advance.

The payments described herein will come from the Company’s general working capital account. Other than as disclosed herein, none of the investor relations service providers described above have any interest, directly or indirectly, in the Company or any right or intent to acquire such an interest. Each of the IR Agreements are with arm’s length parties to the Company. The IR Agreements remain subject to the approval of the TSX Venture Exchange (“TSXV”).

The previously announced agreement with Focus Communications Investor Relations Inc. continues, while the previously announced agreements with Generation IACP Inc., Brian Gusko Advisory Services Inc., Supercharged Stocks Ltd. and Hybrid Financial Ltd. have been concluded.

About GMG

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”).

For further information, please contact:
– Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
– Leo Karabelas at Focus Communications, info@fcir.ca, +1 647 689 6041

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budgets”, “scheduled”, “estimates”, “forecasts”, “predicts”, “projects”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information in this press release includes, but is not limited to, TSXV approval of each of the IR Agreements, the services expected to be received by the Company in connection with the IR Agreements, the Company’s business development plans, and the Company’s plans to work with third parties to progress R&D and commercialization of graphene aluminium-ion batteries. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, including without limitation, risks related to: the TSXV’s failure to provide approval for the IR Agreements or any one of them on the current terms and conditions, or at all, the Company’s failure or the failure of any service provider to perform its respective obligations under the applicable IR Agreements, public health crises such as the COVID-19 pandemic may adversely impact the Company’s business and the ability of the Company to develop its products, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading “Risk Factors” in the Company’s final long form non-offering prospectus dated March 31, 2021 available for review on the Company’s profile at www.sedar.com. Additionally, the forward-looking statements and information contained herein are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, assumptions regarding the expectation that the TSXV will provide approval for the IR Agreements in their current form, the expectation that the service providers will perform their respective obligations under the applicable IR Agreements, the accuracy of the Company’s cost and timing expectations, that the Company will be successful in the deployment of its resources and personnel, that the Company’s operations and ability to develop its products will not be adversely impacted by COVID-19, the Company’s ability to research, develop and test its products within anticipated timelines, and that results of testing and development data will be consistent with anticipated results and estimates. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.