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FOR IMMEDIATE RELEASE
Toronto, May 16, 2022- G6 Energy Corp ("G6") is pleased to announce the successful completion of a financing round, raising C$2.5 million at a pre-money valuation of C$40 million. The financing was fully subscribed by Greg Gibson, the newly appointed CEO of the company. This investment marks a significant milestone for G6 Energy and highlights the strong support and belief in the company's growth potential.
Greg Gibson, an accomplished industry veteran with extensive experience in the resource sector, brings a wealth of knowledge and strategic expertise to G6 Energy. As the company's new CEO, Greg is excited about the opportunity to build a world-class asset within the clean energy space, leveraging G6 Energy's unique position in the market. He believes that graphite, an often overlooked commodity, is essential to the clean energy transition, and G6 Energy has the potential to play a vital role in meeting the growing global demand for battery materials.
Commenting on the financing, Greg Gibson stated, "I have great confidence in the G6 Energy team and their dedication to driving innovation and sustainability in the battery materials industry. Graphite is a critical component for clean energy technologies, and I believe that G6 Energy has the opportunity to build a world-class asset, similar to the successes I have achieved in the past. I am excited to be a part of this journey and contribute to the company's future growth."
Peter McCague, Chairman of G6 Energy, expressed his enthusiasm for the progress made by the company, stating, "Completing our second financing round and securing the support of an industry leader like Greg Gibson is a testament to the history, credibility, and track record of the G6 founding and management teams. We are delighted with the significant value we have created for our stakeholders through strategic acquisitions and ongoing financing activities. This financing round positions us well to further advance our operations and capitalize on the immense opportunities in the battery materials sector."
G6 Energy will utilize the proceeds from the financing to support its strategic initiatives, including the expansion of its operations and the development of sustainable battery material solutions. The company remains committed to driving innovation, enhancing sustainability, and contributing to the global transition to clean energy.
About G6 Energy Corp
G6 Energy Corp, headquartered in Toronto, is an industry leader in the worldwide transition toward sustainable energy, specifically focusing on the essential material production for the rapidly expanding lithium-ion battery market. Upholding a strong commitment to environmental, social, and corporate governance ("ESG"), G6 Energy Corp has strategically placed itself as a robust, non-China dependent source of graphite. Through its acquisition of Ontario Graphite Limited, the company is poised for a rapid restart of the Kearney Graphite Mine, the fastest path-to-production graphite mine in North America. By leveraging these immense resources, G6 Energy Corp is primed to meet the surging demand for sustainable energy solutions.
For media inquiries, please contact:
IR@gsixenergy.com
Note: This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any country, province, state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Information
The information contained herein contains "forward-looking statements" or "forward-looking information" within the meaning of applicable securities legislation. Forward-looking statements or forward-looking information relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements" or "forward-looking information". Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to the success or failure of the partnerships between G6 and others and to deliver the expected results, including the creation of a global chain of supply for graphite materials, risks related to holding shares of a start-up and related to the lack of liquidity thereof, risk related to the failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with the industry; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in development activities or the completion of feasibility studies; the uncertainty of profitability; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of a scoping and feasibility studies, and the possibility that future results will not be consistent with expectations; risks related to commodity prices fluctuations; and other risks and uncertainties related to prospects, properties and business. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and G6 does not assume any obligation to update or revise them to reflect new events or circumstances, except in accordance with applicable securities laws. Actual events or results could differ materially from G6 expectations or projections.