GRAPHENE MFG GROUP LTD - GMGMF STOCK NEWS

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.

Graphene Manufacturing Group (TSXV: GMG) announced that its THERMAL-XR® Powered by GMG Graphene coating won the Product Excellence HVAC Award at the ARBS Exhibition in Sydney, Australia, on May 29, 2024. The award recognizes innovations in air conditioning, refrigeration, and building services. The THERMAL-XR® Coating System enhances thermal conductivity and reduces power consumption, extending equipment life by protecting against corrosion. This achievement is endorsed by major HVAC industry associations and reflects GMG's progress in commercializing its product across various industries.

Graphene Manufacturing Group (TSXV: GMG) provides an update on the commercialization progress of THERMAL-XR® powered by GMG Graphene. The coating received awards for Most Disruptive Technology and Best Chance for Market Success at the Data Center World Conference. THERMAL-XR® demonstrated a 15.4% improvement in energy efficiency in an Aviation IT Data Center in Singapore. End-user engagement in the USA with Nu Calgon continues, showing promising results. GMG is moving forward with EPA approval and has received its first production coating trials order from a Chinese Air Conditioner Manufacturer.

Graphene Manufacturing Group appoints Joshua George as Chief Financial and Commercial Officer to drive commercial operations and global growth. Josh brings 30 years of experience in commercial and financial leadership, including significant deals in the energy sector. GMG aims to expand its sales of energy and energy storage products using graphene.

Graphene Manufacturing Group (GMGMF) secures a AU$2 million grant from the State Government of Queensland for its Automated Battery Pilot Plant to manufacture Graphene Aluminium Ion Battery, aiming to boost critical minerals and battery technology development in Queensland.