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FOR IMMEDIATE RELEASE
TORONTO, January 1st 2023 G6 Energy Corp ("G6"), has engaged Anzaplan, a world-renowned provider of analytical and engineering services for mineral and metal projects. Together, they will analyze and test midstream processing technologies, aiming to bring more eco-friendly alternatives to the forefront of the graphite industry.
China, controlling 100% of the global demand for natural graphite anode materials in 2022, operates with an energy-intensive process involving substantial chemical use and water, which has a considerable environmental impact. Given the market size of anode materials and the burgeoning demand, new, greener technologies can tap into a vast market if proven scalable and efficient.
G6 will be conducting the study using materials from its wholly-owned Kearney Mine, offering an accurate analysis based on actual versus theoretical alternatives. This approach reflects G6's commitment to environmental stewardship while ensuring operational efficiency.
The engagement with Anzaplan will assess a range of factors, including capital and operational expenditures (Capex and Opex), along with Kearney material-specific attributes. The work contemplates the production facilities needed for milling, spheroidization, purification, and coating to produce Spheroidized Purified Graphite (SPG) and Coated Spheroidized Purified Graphite (CSPG).
"As the largest component of a lithium-ion battery with no known replacement, graphite's demand is steadily increasing," said Peter McCague, Chairman of G6 Energy Corp. "Our engagement with Anzaplan is a step towards meeting this demand sustainably, by developing less impactful processing methods and reducing dependence on China."
G6 Energy Corp looks forward to sharing more updates as this vital project evolves.
G6 Energy Corp is a Toronto-based battery material developer and supplier leading the global shift toward sustainable energy. The company focuses on the production of materials critical to the rapidly expanding lithium-ion battery market, with a distinctive mine-to-battery strategy. G6 wholly owns a natural graphite mine, the Kearney Mine, strategically located in a tier-1 jurisdiction less than 300km from Toronto, Ontario. This mine, one of the world's largest confirmed graphite deposits, provides a reliable and secure non-China source of graphite.
Capitalizing on this asset, G6 plans a rapid restart and staged expansion, positioning itself as the fastest path to production graphite mine in North America. In line with its mine-to-battery strategy, G6 is actively exploring midstream processing options for its materials, strengthening its commitment to sustainability and green energy. By owning and controlling the entire process from mining to battery manufacturing, G6 aims to deliver unrivaled reliability, quality, and sustainability in the battery materials market.
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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.