G6 Materials, formerly known as Graphene 3D Lab, Inc was spun-off Graphene Labs in November 2013 to focus on development of high-performance graphene-enhanced materials for 3D printing.
Graphene 3D Lab is a public company, trading in the Canadian stock exchange (TSX:GGG, OTC: GPHBF) following a reverse-merger with Matnic Resources in August 2014. Lomiko Metals is a stakeholder in the company. In 2015 Graphene 3D Labs acquired its former parent company Graphene Labs.
In September 2014, we posted an interview with the company's founder and COO, Dr. Elena Polyakova.
In January 2020, the company changes its name to G6 Materials, after having decided the former name no longer justly reflects its aims.
The latest Graphene 3D Lab news:
G6 Materials reported its financial results for Q1 2021
G6 Materials (Formerly called Graphene 3D Lab) announced its financial results for Q1 2021, with revenues of $263,425 CAD and a net loss of $321,152.
Looking back at the last nine-month period (ended February 28, 2021), G6's revenues were $1.94 million CAD, up 276% from $515,930 in the prior year. The increase in revenues was attributed to consulting services provided to third-party clients, the ongoing sale of the Company’s air purification products and the receipt of a one-time payment as per the terms of a license and option agreement.
G6 Materials announces successful closing of CAD$5.4 Million non-brokered equity financing
G6 Materials has announced that it has closed its non-brokered equity financing previously announced on March 2021. The Company reported that unit offering increased due to "strong investor demand" - from the CAD$5 million initial target, to the final closing of CAD$5.4 Million (around USD$4.29 million).
“The closing of this Offering is a significant milestone for G6 Materials as it not only funds our Company for future growth, but it also empowers us to complete the previously announced acquisition of GX Technologies,” said Daniel Stolyarov, President & CEO of G6 Materials Corp.
G6 Materials raises $5 million CAD, to acquire GO application developer GX Technologies
G6 Materials (Formerly called Graphene 3D Lab) has made plans to raise $5 million CAD via a non-brokered offering. The company also announced plans to acquire GX Technologies in an all-share deal (worth around $7.5 million CAD).
GX Technologies is developing applications based on graphene oxide. GXT has a cooperative R&D agreement with the US Army Corps of Engineers to develop graphene oxide-based membranes for use in nanofiltration. The deal with GXT is expected to be closed before April 29, 2021.
G6 Materials reports its financial results for Q3 2020
G6 Materials (Formerly called Graphene 3D Lab) has announced its financial results for the second quarter of the fiscal year ending November 30, 2020. Revenues for the quarter were just over $500k, up from $150k from last year. Net loss amounted to $321k (down from $343k from last year).
G6M says that the sharp increase (383%) in revenues in the company's latest reported six months was primarily due to strong customer demand for the Company’s air purification products and a one-time payment as per the terms of a license and option agreement.
Covid-19 and graphene, a current overview
The Coronavirus pandemic has been having a significant impact on the graphene market and industry. Even before the pandemic, graphene has already received much attention due to promising antimicrobial properties and demonstrated antiviral efficacy. However, there is no denying the recent urgency to put these traits to good use in combating the Coronavirus.
More than a few companies have launched graphene-enhanced textiles, inks and coatings, incorporated into personal protective gear (face masks, gloves etc.), and applications like air filters and room cleansers have been developed.