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FOR IMMEDIATE RELEASE
Toronto, Canada - January 18, 2022 - G6 Energy Corp ("G6"), a leading provider of sustainable battery materials, is pleased to announce the successful completion of its initial financing round, raising C$5.5 million. The funds will be utilized for the acquisition of Ontario Graphite Limited, a key step in G6 Energy's strategic plan to support the clean energy transition and meet the growing global demand for battery materials. The closing of the acquisition is anticipated to take place in the first half of 2022.
The acquisition of Ontario Graphite Limited, including the esteemed Kearney graphite mine, positions G6 Energy at the forefront of the global transition to clean energy. With the increasing demand for battery materials, G6 Energy is well-positioned to play a pivotal role in the production of sustainable and high-quality anode materials. This acquisition opens up new opportunities for G6 Energy to contribute to the advancement of the global battery industry.
Peter McCague, Executive Chairman of G6 Energy, expressed his enthusiasm about the financing round, stating, "Completing a financing in these capital markets is a testament to the history and credibility of the G6 founding and management teams, showcasing our track record and experience in the industry. We are excited to move forward with the acquisition of Ontario Graphite Limited and leverage the immense potential it offers for our clean energy objectives."
The successful completion of the initial financing round highlights the confidence of investors in G6 Energy's vision and strategic plans. G6 Energy's commitment to sustainability, combined with its experienced team, positions the company for long-term success in the rapidly evolving clean energy sector.
About G6 Energy Corp:
G6 Energy Corp is committed to supporting the clean energy transition and meeting the increasing global demand for high-quality anode materials. With its forthcoming acquisition of Ontario Graphite Limited, G6 Energy Corp aims to play a crucial role in the production of battery materials essential for the advancement of the global battery industry.
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.