GRAPHENE MFG GROUP LTD - GMGMF STOCK NEWS

GMG has announced significant progress in testing its THERMAL-XR® coating technology. The product has successfully passed 15,000 hours of corrosion protection under salt sea spray testing, positioning it as one of the longest-lasting corrosion protection coatings available. Technical testing verified by the University of Queensland demonstrates that THERMAL-XR® provides 8.6 times more radiative heat transfer than bare aluminum, with an overall heat transfer coefficient 2.2 times higher in natural convection and 27% higher in forced convection conditions at 100 degrees Celsius.

Graphene Manufacturing Group (TSXV: GMG) has provided a business update on its engagement with the Australian Federal Government. The company recently visited the Australian Parliament in Canberra, meeting with key government officials:

1. Honourable Senator Tim Ayres, Assistant Minister for Trade and Assistant Minister for a Future Made In Australia, to discuss GMG's battery manufacturing progress and potential support from Federal Government policies.

2. Speaker of the House of Representatives, Honourable Milton Dick, to share progress since his 2023 visit to GMG's facilities.

3. Queensland Senator Anthony Chisholm, updating on developments since his 2022 visit to GMG's facilities.

GMG's CEO, Craig Nicol, emphasized the company's ongoing engagement with government at all levels to align its energy-saving and storage products with government policies supporting the energy transition.

Graphene Manufacturing Group (TSXV: GMGMF) has provided an update on the commercialization of its THERMAL-XR® coating. The company has re-launched THERMAL-XR® ENHANCE, focusing on its heat transfer and corrosion protection capabilities for both new and existing HVAC equipment. GMG is conducting on-site testing with global Air Conditioning Manufacturers in China and the USA for potential factory implementation.

The company is also exploring new applications in industries such as LNG facilities, electronic products, and automotive markets. GMG is preparing to submit a Pre-Manufacture Notice (PMN) to the US EPA for approval to import and sell in the USA without volume or sector limitations. THERMAL-XR® has been named a finalist for the AIRAH Product of the Year award, to be announced on November 21, 2024.

Graphene Manufacturing Group (TSXV: GMG) has been recognized as one of the Most Innovative Companies in the Manufacturing & Consumer Goods category for 2024 by the Australian Financial Review. This prestigious annual list, now in its thirteenth year, celebrates Australian businesses challenging the status quo and ranks the most innovative organizations from Australia and New Zealand.

GMG's work in graphene production and product development has positioned the company at the forefront of this rapidly evolving field, enabling sustainable solutions in energy storage, electronics, and beyond. CEO Craig Nicol expressed honor in receiving this recognition, stating it validates their mission to harness graphene's unique properties for innovative products that can positively impact the world.

Chairman Jack Perkowski congratulated the team, acknowledging the company's innovative world-leading work.

Graphene Manufacturing Group (TSXV: GMG) has provided a quarterly update on its "at-the-market" (ATM) equity program. The program, launched on June 13, 2024, allows GMG to issue and sell up to $20,000,000 of its ordinary shares from treasury to the public. During the quarter ended September 30, 2024, the company issued 208,000 Ordinary Shares on the TSX Venture Exchange at an average price of C$0.6759 per share, generating gross proceeds of C$140,580.70. Commissions of C$4,217.42 were paid to Cantor Fitzgerald Canada , the agent for the ATM Program. The equity distribution agreement between GMG and the agent facilitates these transactions at the company's discretion.

Graphene Manufacturing Group (TSXV: GMG) has provided an update on its recently commissioned Modular Graphene Production Plant in Richlands, Australia. The plant, operational since December 2023, has exceeded expectations in both graphene production rate and quality. GMG has authorized AU$250,000 in capital expenditure for new quality assurance equipment, including a Raman Spectrometer and a Particle Size Analyzer. This investment aims to enhance the company's self-sufficiency in testing nanomaterials for its Graphene Aluminium Ion Battery and liquid graphene products, THERMAL-XR® and G® Lubricant. The production system utilizes GMG's innovative plasma technology, which creates high-quality graphene essential for the company's end products.

Graphene Manufacturing Group (TSXV: GMGMF) has provided an update on the commercialization of its THERMAL-XR® energy savings coating. Key points include:

1. GMG and Nu Calgon are preparing a Pre-Manufacture Notice (PMN) for EPA approval to import and sell in the USA, expected to be submitted by October.

2. The new PMN application is not by volume, application, or sector, unlike the previous Low Volume Exemption PMN.

3. Nu Calgon, GMG's North America Distribution Partner, has introduced Cool Worx Powered by GMG Graphene to the HVACR industry.

4. THERMAL-XR® demonstrated a 36.7% energy reduction in a trial on a 30-ton air-conditioning system.

5. GMG is engaging with global air conditioning, truck, and train manufacturers for production coating trials.

Graphene Manufacturing Group (TSXV: GMG) has announced several investor relations agreements to enhance its market presence. The company has entered into a 12-month service agreement with Proactive Investors North America Inc. for media services, including research reports and analyst videos, at a cost of US$25,000. This agreement is subject to TSXV approval. GMG is also extending its existing agreement with Focus Communications Investor Relations Inc. for an additional two years until July 1, 2026. Additionally, the company is continuing its issuer trading services agreement with Independent Trading Group, which automatically renews monthly. These strategic partnerships aim to boost GMG's investor relations outreach and market visibility.

Graphene Manufacturing Group (TSXV: GMGMF) has provided an update on its Graphene Aluminium-Ion Battery (G+AI Battery) development. The company is currently optimizing the pouch cell electrochemistry, a standard process in battery development. GMG previously achieved a 1000 mAh battery cell capacity in February 2024 and is confident in meeting its overall timeline on the battery cell roadmap.

The company follows a weekly 'Sprint' process for optimization, which includes making cells, testing performance, comparing results, reviewing options, and proposing new designs. GMG is also considering investing in an automated pouch cell battery pilot plant at its Richlands, Australia facility to produce cells for potential customer testing.

The G+AI Battery technology remains at Battery Technology Readiness Level 4. GMG sees a broad range of applications for its battery, with interest from global companies in various sectors. The company continues to work on improving performance metrics and moving towards commercialization.