Metamaterial Inc. a developer of high-performance functional materials and nanocomposites, will be holding an annual general and special meeting of shareholders and holders of options, warrants and deferred share units which will be conducted via live audio webcast at on March 12, 2021 commencing at 11:00 a.m. . At the Meeting, the META Securityholders will be asked to, among other things, pass a special resolution ...

 Metamaterial Inc. ("Company" or "META") (CSE: MMAT) a developer of high-performance functional materials and nanocomposites, will be holding an annual general and special meeting (the "Meeting") of shareholders and holders of options, warrants and deferred share units (collectively, the "META Securityholders") which will be conducted via live audio webcast at https:web.lumiagm.com191086970 on March 12, 2021 commencing at 11:00 a.m. ( Toronto time).

At the Meeting, the META Securityholders will be asked to, among other things, pass a special resolution (the "Arrangement Resolution") relating to the proposed plan of arrangement (the "Arrangement") involving META and Torchlight Energy Resources, Inc. ("Torchlight"). As announced on December 14, 2020 , the Arrangement will be carried out pursuant to the definitive agreement dated December 14, 2020 , as amended, which was entered into in connection with the proposed business combination between META and Torchlight. Torchlight will, among other things, indirectly acquire all of the issued and outstanding Meta Shares through a wholly owned subsidiary ("Canco") in exchange for shares of common stock in the capital of Torchlight ("Torchlight Shares") or exchangeable shares in the capital of Canco ("Exchangeable Shares").

On February 18, 2021 , the meeting materials for the Meeting, including a notice of annual general and special meeting of META Securityholders and circular, were mailed to META Securityholders of record as at February 5, 2021 in advance of the Meeting in accordance with statutory requirements and the interim order. The materials for the Meeting have been filed by the Company and are available under the Company's SEDAR profile at www.sedar.com as well as on the Company's website.

Board Recommendation FOR the Arrangement Resolution

The members of the META Board of Directors (the "META Board") have unanimously determined, after receiving legal and financial advice, including receipt of a fairness opinion from Cormark Securities Inc., as financial advisor to the Company, that the Arrangement is fair to META Securityholders and that the Arrangement is in the best interests of the Company, and the META Board has authorized the submission of the Arrangement to the META Securityholders for their approval at the Meeting. META Securityholders are encouraged to read the section in the circular titled "The Arrangement – Reasons for the Arrangement" to understand certain of the considerations of the META Board in making their recommendation that META Securityholders vote FOR the Arrangement Resolution.

Reasons for the Arrangement

In the course of their evaluation of the Arrangement, the META Board consulted with META's management team, legal counsel and financial advisors, reviewed a significant amount of information, and considered a number of factors including, among others, the following:

  • Enhanced Liquidity and Capital Markets Profile: Torchlight Shares are listed for trading on the NASDAQ, which may result in greater trading liquidity for Shareholders and increased access to capital markets in the United States following the completion of the Arrangement.
  • Tax Deferred Rollover. Shareholders who are eligible will have the opportunity to elect to receive consideration that includes Exchangeable Shares and to make a valid tax election with Canco to defer all or part of the Canadian income tax on any capital gain that would otherwise arise on an exchange of their META Shares.
  • Investor Base. The Arrangement is expected to broaden the investor base, providing the combined company with access to a larger number of institutional and retail investors in North America and elsewhere.

META Securityholders are encouraged to read the section in the circular titled "Certain Canadian Federal Income Tax Considerations" and the section entitled "Exchange of Exchangeable Elected Shares for Exchangeable Share Consideration" including the definition of "Eligible Holder" to understand whether they are eligible to receive a Tax Deferred Rollover.

Media Registration

Interested members of the media are invited to attend the META Meeting. Advance registration is required, and attendees who are not META Securityholders will be in listen-only mode. To register, please contact: media@metamaterial.com

About Metamaterial Inc.

META is changing the way we use, interact with, and benefit from light and other forms of energy. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and other forms of energy. META is an award winning Global Cleantech 100 company with products that support sustainability by doing more with less; they encompass lightweight, sustainable raw materials and processes which consume less energy and offer more performance. META has a growing patent portfolio and is currently developing new materials with diverse applications in concert with companies in the automotive, aerospace, energy, consumer electronics and medical industries. META is headquartered in Halifax, Nova Scotia and has R&D and Sales offices in London, UK and Silicon Valley. For additional information on META, please visit www.metamaterial.com

Forward Looking Information

This release includes forward-looking information within the meaning of Canadian securities laws regarding the Company and its business, which may include, but are not limited to, statements with respect to the ability to consummate the transaction. Often but not always, forward-looking information can be identified by the use of words such as "expect", "intends", "anticipated", "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would" or "will" be taken, occur or be achieved. Such statements are based on the current expectations and views of future events of the management of the Company and are based on assumptions and subject to risks and uncertainties. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the companies, including risks regarding the potential benefits of the transaction to the Company's Securityholders, the possibility that the Arrangement will not be completed on the terms and conditions, or on the timing, currently contemplated, and that it may not be completed at all, due to a failure to obtain or satisfy, in a timely manner or otherwise, required shareholder and court approvals and other conditions of closing necessary to complete the transaction or for other reasons, and other risks inherent to the Company's business and/or factors beyond its control which could have a material adverse effect on the Company or the ability to consummate the transaction. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward-looking statements or information. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to publicly update or revise any forward looking statement, whether as a result of new information, future events, or otherwise.

The CSE has neither approved nor disapproved the contents of this news release.

SOURCE Metamaterial Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2021/26/c7596.html

News Provided by Canada Newswire via QuoteMedia

HydroGraph Clean Power

HydroGraph Clean Power


Overview

There's never been more attention on clean energy generation than exists today. Between the EU's push for clean energy for all Europeans, the passing of various state-level green laws throughout the US, and the US government's decision to invest $2 trillion in clean energy to support a green economy — when it comes to energy production — it's clear the future is leaning green. The goal of these initiatives is to transition our energy production from non-sustainable sources like coal, gas, and oil into more sustainable options like solar, wind, and hydroelectric.

The US government is committing to decarbonizing the power sector by 2035, with the goal of reaching net-zero carbon emissions by 2050. The UK has also followed suit by committing to cutting more than 50 percent of its emissions, which it believes could help bolster its economy through increased jobs. As governments around the world shift towards clean energy, the demand for various materials such as hydrogen and graphene is expected to rapidly increase.

HydroGraph Clean Power (CSE:HG) is a Canadian industrial materials manufacturer focused on commercializing its patented, green and cost-effective graphene and hydrogen manufacturing process. HydroGraph Clean Power's patented Synthetic Detonated Graphene (SDG) process is a clean energy production platform that produces hydrogen gas and the only synthetic detonated graphene.

SDG process

The SDG process produces identical batches of 99.8 percent of pure graphene without impurities from hydrocarbon gases. The process is cost-effective, digitally-controlled, customizable, decentralized, consistent and energy-efficient compared to other methods. More importantly, the company's graphene product can be produced on-site at an industrial scale and competitive prices.

The SDG process is a green, low-cost and low-energy process that produces virtually no emissions. The process is initially sparked from an electrode –– which requires very low energy –– and then relies on reactants to continually power the system. By enabling the energy within the hydrocarbon gases to power the system, the company can keep its energy costs low. The SDG process is also completely chemical and solvent-free resulting in low or net-zero emissions.

The company's graphene product is commercially superior to other graphene products on the market. HydroGraph Clean Power's SDG process produces one to five layers of graphene without impurities compared to conventional methods which produce less than 10 layers of graphene, often with impurities. Given the company's ability to produce high-quality graphene at low costs, HydroGraph Clean Power strongly believes that it will be able to market its graphene product at competitive prices with significant margins.

The company is positioned for strong growth in the near future with the recent commercialization of its graphene detonation chambers. The company plans to use its detonation chambers to develop advances in additive manufacturing, battery technology, conductive inks, industrial manufacturing and other applications.

HydroGraph Clean Power is expected to capitalize on graphene sales in various markets. The company's highly efficient SDG process is capable of producing consistent and customizable graphene for a variety of applications. The compact and modular detonation cylinders also allow the process to be deployed virtually anywhere resulting in significant market opportunities.

In May 2021, the company closed a private placement for gross proceeds of $6,505,000. The private placement was led by PowerOne Capital Markets Limited and Haywood Securities Inc. The funds from the financing round have been allocated towards scaling production of its SDG platform to commercialization, SDG platform automation and research and development focused on synthesizing nanotechnology products.

HydroGraph Clean Power, is led by a highly experienced management team with specialized experience in materials science. The company's technical team took part in the discovery of the detonation method at Kansas State University currently used in the SDG platform to produce graphene. HydroGraph Clean Power is the exclusive owner of the worldwide license from Kansas State University allowing it to produce valuable clean energy and nanotechnology products through their patented detonation process.

Company Highlights

  • HydroGraph Clean Power (CSE:HG) is focused on commercializing its patented, green and cost-effective graphene and hydrogen manufacturing process.
  • HydroGraph Clean Power's patented Synthetic Detonated Graphene (SDG) process is a clean energy production platform that produces hydrogen gas and the only synthetic detonated graphene at an industrial scale.
  • The company's SDG process produces identical batches of 99.8 percent of pure and graphene for a variety of applications. HydroGraph Clean Power's graphene is superior to other options on the market with very few layers and no impurities.
  • The SDG process is completely chemical and solvent-free resulting in low or net-zero emissions.
  • Led by a highly experienced management team with specialized experience in materials science - the company's technical team took part in the discovery of the detonation method currently used in the SDG platform to produce graphene.

Key Product

HydroGraph Synthetic Detonated Graphene Process

The HydroGraph Synthetic Detonated Graphene (SDG) process is a patented clean energy production platform that produces hydrogen gas and the only synthetic detonated graphene. The company's process effectively produces identical batches of 99.8 percent of pure graphene from acetylene and oxygen gas. The SDG process is cost-effective, green, digitally-controlled, customizable, decentralized, consistent and energy-efficient compared to other methods.

HydroGraph Synthetic Detonated Graphene Process

Conventional graphene mass manufacturing involves reducing multilayer graphene from mined graphite feedstock to less than 10 layers of graphene. This conventional method is complex, energy-intensive, expensive and ultimately results in an inferior graphene product with impurities. HydroGraph Clean Power's SDG process produces between one to five layers of graphene which is classified as "very few-layer graphene" with no impurities. The process enables the energy within hydrocarbon gases to also power the system which reduces the energy requirements with virtually no emissions.

The company's graphene detonation chambers have already entered commercialization. Going forward, the company plans to use its detonation chambers to develop advances in additive manufacturing, field technology, conductive inks, industrial manufacturing and other applications. The company's graphene product can be produced on-site at an industrial scale and competitive prices.

Management Team

Harold Davidson - Chief Executive Officer and Founder

Harold Davidson has more than 30 years of tech experience with Fortune 500 technology companies and in executive positions at tech start-ups. He was vice president of marketing at INToo Software Corporation which was the fastest growing and best performing TSX-V tech stock at the time. Davidson is the CEO and a director of Core Workflows Inc. which is a private technology company that provides the underlying technology for Omada. He invented, patented and helped develop a revolutionary new system of engagement (SOE) to provide businesses with a more efficient means of visualizing workflows.

David Morris - President

Dr. David Morris has been a prolific entrepreneur for over 18 years. Morris has built many businesses from the ground up and taken others through the recapitalization and restructuring process. After graduating from the University of Toronto's dentistry program, Dr. Morris founded the Morris Group of Companies. Morris has overseen its growth from a simple partnership to an organization employing more than 200 people with 2020 revenues over $100 million. As president of the Morris Group, Dr. Morris is involved in a wide range of business activities, including land and housing development, the mining sector, employment services and telecommunications.

Logan Anderson - Chief Financial Officer

Logan Anderson is a businessperson who has been an officer and director of numerous different public companies over the past 40 years. He is currently the Chief Financial Officer & Director at International Battery Metals Ltd., Chief Financial Officer, Secretary & Director at Scotch Creek Ventures, Inc., Chief Financial Officer, Secretary & Director at Ovation Science Inc. (Canada) and Chief Financial Officer & Director at InsuraGuest Technologies Inc. and Corporate Secretary of St. James Gold Corp. He is also a current member of Chartered Accountants Australia and New Zealand.

Kjirstin Breure - Chief Operating Officer

Kjirstin Breure has a 10-year background in emerging technologies and portfolio management. She was the director of operations for Frontline Crossings and the director and COO for Macht10. Kjirstin has also worked in investor relations for Omada Technologies. Her interest in technology and passion for problem-solving has led her to work primarily with tech start-ups. Breure graduated Magna Cum Laude from Arizona State University and is currently pursuing a Master's degree in Materials Science and Engineering with a specialization in nanomechanics.

Ranjith Divigalpitiya - Chief Scientific Officer

Dr. Ranjith Divigalpitiya is an adjunct research professor in the department of chemistry at Western University in Canada. He received his Bachelor of Science degree in physics from the University of Sri Jayawardanapura in Sri Lanka. He received his Master of Science degree and Ph.D. degree in solid-state physics from Simar Fraser University in Canada. He was a senior specialist and physicist at 3M Canada for more than 27 years. At 3M Canada, he invented 3M's graphene-like carbon coatings and contributed to 190 invention submissions and 20 granted US patents. He has authored more than 33 peer-reviewed papers in various areas of research, including digital x-ray imaging, electrically conducting adhesives, air and water purification, battery materials and nanoscale coatings.

Chris Sorensen - Technical Team Leader

Dr. Chris Sorensen is the Cortelyou-Rust University distinguished professor in the departments of physics and chemistry (adjunct) at Kansas State University. He received his Bachelor of Science in physics from the University of Nebraska. He received his Ph.D. from the University of Colorado. Sorensen also served in Vietnam. His areas of interest are particulate systems, light scattering and soft matter. He has nearly 300 publications and seven patents. He is a fellow of the American Physical Society, the American Association for the Advancement of Science and the American Association for Aerosol Research.

Stefan Bossmann - Lead Chemist

Dr. Stefan Bossmann is a distinguished professor in the department of chemistry at Kansas State University. He received his Bachelor of Science and Ph.D. in chemistry from the University of Saarland in Germany. He was a postdoctoral research associate at Columbia University from 1991 to 1993. He was then an assistant professor and subsequently an associate professor in the department of chemical and process engineering at the University of Karlsruhe in Germany. Bossmann received his Ph.D. in chemical and process engineering at the University of Karlsruhe. His areas of interest are organic and inorganic synthesis, nanoparticulate systems and soft matter. He has more than 200 publications and 14 patents.

Arjun Nepal - Lead Researcher

Dr. Arjun Nepal is an assistant research professor in the department of physics at Kansas State University. He received his Masters of Science in physics from the Tribhuvan University in Nepal and the University of Minnesota Duluth. He received his Ph.D. in physics from Kansas State University. He has managed research and development for the KSU/C-2D detonation method to produce graphene since 2017. He led the project to successfully produce graphene at the rate of 1 kilogram per day.

nuclear reactors in sunset

Carbon Capture and Storage: Basic Facts for Investors

As world leaders continue to share net zero carbon emissions pledges and make efforts to implement green energy transitions, technology is expected to play a key role.

In recent years, carbon capture and storage has emerged as a way to potentially reduce carbon emissions. The process works by capturing and storing carbon dioxide (CO2) before it is released into the atmosphere.

This technology can capture up to 90 percent of CO2 released by burning fossil fuels for electricity generation and industrial processes such as cement production.

Keep reading... Show less
Northstar Reports Third Quarter 2021 Financial Results, Announces Details for Virtual Investor Webcast and Announces Date of Annual General and Special Meeting

Northstar Reports Third Quarter 2021 Financial Results, Announces Details for Virtual Investor Webcast and Announces Date of Annual General and Special Meeting

Northstar Clean Technologies Inc. (TSXV: ROOF) ("Northstar" or the "Company") is pleased to announce that today it has filed on SEDAR its financial statements and MD&A for the fiscal third quarter of 2021.  The Company is also pleased to announce that it plans to host a virtual investor webcast to discuss these quarterly results and to provide a business update to the investment community on Monday, November 29, 2021 at 2:00 pm PST 5:00 pm EST . Details are provided below.

Keep reading... Show less
Small Cap Growth Conference: Live Executive Presentations on December 2nd

Small Cap Growth Conference: Live Executive Presentations on December 2nd

Company executives will share vision and answer audience questions at VirtualInvestorConferences.com

 Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the upcoming Small Cap Growth Virtual Investor Conference.  Individual investors, institutional investors, advisors and analysts are invited to attend. The program opens at 9:15 AM ET on Thursday, December 2nd with the first live webcast at 9:30 AM ET.

Keep reading... Show less

5 Clean Energy ETFs for Investors to Consider

Exchange-traded funds (ETFs) have been gaining popularity in North America in a wide range of industries, including clean energy ETFs.

ETF inflows have reached record levels in recent years. So far, 2021 is on track to be a record year for global ETF inflows, totaling US$639.8 billion in the first half of the year — more than double the same period in 2020.

Keep reading... Show less

Nano One Hires VP, External Affairs

Enhances Engagement Expertise as Company Prepares for Growth

  • Mr. Adam Johnson joins Nano One to lead external affairs with governments
  • Brings expertise in public policy and strategic communications to Nano One
  • Team strengthened to support North American cathode commercialisation efforts

Nano One® Materials Corp. (TSX: NANO) (OTC Pink: NNOMF) (FSE: LBMB) (Nano One), is a clean technology company with patented processes for the low-cost, low-environmental footprint production of high-performance cathode materials used in lithium-ion batteries. Nano One is pleased to announce the hiring of Adam Johnson as Vice President, External Affairs. Mr. Johnson will be overseeing Nano One's external affairs and engagement efforts as it continues down the path towards cathode commercialisation, scale up and expansion in North America.

Keep reading... Show less

Top News

Related News