GRAPHENE MFG GROUP LTD - GMGMF STOCK NEWS

GMG's THERMAL-XR® has been awarded 'Product of the Year' at the AIRAH 2024 Awards in Melbourne, Australia. The awards ceremony, which took place on November 21st, 2024, celebrates outstanding achievements in Australia's HVAC&R building services industry. Craig Nicol, GMG's Managing Director and CEO, expressed honor at the recognition, highlighting the company's commitment to advancing energy efficiency and sustainability in the HVAC industry.

Graphene Manufacturing Group (TSXV:GMG) (OTCQX: GMGMF) held its annual general meeting on November 25th, 2024, with 42.31% shareholder participation, representing 40,947,619 common shares. Shareholders re-elected four directors: Craig Nicol, Jack Perkowski, Bob Galyen, and Andrew Small. The meeting also approved BDO Audit Proprietary 's appointment and the company's 10% stock option plan. Chairman Jack Perkowski and CEO Craig Nicol provided a corporate update during the meeting, with a presentation replay available online.

GMG has launched SUPER G®, a revolutionary graphene slurry developed over three years to enhance lithium-ion battery performance. The product, derived from GMG's proprietary graphene production system, can be added to battery cathodes or anodes at 0.5-2% dosage by weight. Oxford University studies confirm SUPER G® shows 2.5 times lower mean ionic resistivity than standard graphite, features multimodal particle distribution, and maintains integrity during calendaring. Compared to standard carbon additives, SUPER G® offers 2-3 times higher bulk density (0.3-0.4 g/cm³) and triple the surface area (250 m²/g), improving battery efficiency, charge rates, and longevity.

Graphene Manufacturing Group (GMG) announces two significant milestones for its THERMAL-XR® coating product. The Singapore Green Building Council has certified THERMAL-XR as the first thermal air conditioning coating approved as a Singapore Green Building Product (SGBP) under the Mechanical - ACMV - Coil Coating category. This certification is recognized by regional green building rating tools and complies with ISO 14024 standards.

Additionally, GMG and Nu Calgon have submitted a Pre-Manufacture Notice (PMN) to the USA Environmental Protection Agency (EPA) to import and sell THERMAL-XR® in the USA, with expected approval within 12 months.

Graphene Manufacturing Group (TSXV: GMG) has received A$2.85m from the Australian Government's Research and Development Tax Incentive scheme, representing 43.5% of eligible R&D expenditures. As of November 1, 2024, the company's cash balance stands at A$5.56m with no debt. GMG has implemented significant organizational changes, including merging Projects and Operations teams and streamlining its manufacturing facilities. Through restructuring and cost management, the company has achieved a 45% reduction in monthly operating costs since September 2023. The company plans to utilize trusted third-party providers for project delivery while maintaining focus on its core business objectives.

Graphene Manufacturing Group (TSXV: GMG) announces its upcoming virtual Annual Meeting of shareholders (AGM) scheduled for November 26, 2024, at 8:00 a.m. Brisbane AEST (November 25, 2024, at 2:00 p.m. PST). Meeting materials are available on SEDAR+ and GMG's website. Shareholders can vote online, by telephone, or mail through Computershare before November 22, 2024 (AEST). The virtual AGM will be hosted at Lumi platform, requiring pre-registration for third-party appointees. Questions can be submitted in advance to AGM24@graphenemg.com.

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.