Mr. Troy Grant of Elcora reports

EARLY WARNING NOTICE REGARDING G6 MATERIALS CORP.

Elcora Advanced Materials Corp. has completed an acquisition and dispositions of common shares of G6 Materials Corp.

Further to the news release of G6 Materials dated March 25, 2024, Graphene Corp., a subsidiary of Elcora Advanced Materials, acquired 3,333,333 common shares in the capital of G6 Materials at a deemed price of nine cents per share pursuant the technology licence agreement dated Feb. 22, 2024. Prior to the issuance of the shares under the agreement, Graphene did not own any common shares in the capital of the G6 Materials. After the issuance of the shares, Graphene held 3,333,333 shares of G6 Materials, representing 16.92 per cent of the issued and outstanding common shares of the company on a non-diluted basis.

On July 15, 2024, Graphene transferred the 3,333,333 shares to its parent company, Elcora Advanced Materials.

Between July 26, 2024, and Aug. 6, 2024, Elcora sold a total of 399,500 common shares of G6 Materials on the open market at an average price of 9.37 cents per share. This reduced Elcora's holdings to 2,933,833 shares, representing approximately 14.89 per cent of the issued and outstanding shares of G6 Materials.

Between Aug. 6, 2024, and Aug. 26, 2024, Elcora sold a total of 405,000 common shares of G6 Materials on the open market at an average price of 8.41 cents per share. This reduced Elcora's holdings to 2,528,833 shares, representing approximately 12.84 per cent of the issued and outstanding shares of G6 Materials.

Between Aug. 28, 2024, and Sept. 23, 2024, Elcora sold a total of 410,000 common shares of G6 Materials on the open market at an average price of 8.5 cents per share. This reduced Elcora's holdings to 2,118,833 shares, representing approximately 10.75 per cent of the issued and outstanding shares of G6 Materials.

Between Sept. 24, 2024, and Nov. 15, 2024, Elcora sold a total of 161,000 common shares of G6 Materials on the open market at an average price of 5.06 cents per share. This reduced Elcora's holdings to 1,957,833 shares, representing approximately 9.94 per cent of the issued and outstanding shares of G6 Materials.

As of the date hereof, Elcora has now ceased to be an insider of the issuer.

The shares were acquired and disposed of directly by the company for investment purposes.

The company may acquire or dispose of securities of G6 Materials in the future through, among other means, the purchase or sale of common shares on the open market, or in private transactions or otherwise, on such terms and at such times as the company may deem advisable. A copy of the early warning reports being filed by the company may be obtained on SEDAR+.

About Elcora Advanced Materials Corp.

Elcora was founded in 2011 and has been structured to become a vertically integrated battery material company. Elcora can process, refine and produce battery related minerals and metals. As part of the vertical integration strategy, Elcora has developed a cost-effective process to purify high-quality battery metals and minerals that are commercially scalable. This combination means that Elcora has the tools and resources for vertical integration of the battery minerals and metals industry.

We seek Safe Harbor.