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CYMAT TECHNOLOGIES ANNOUNCES INVESTOR CALL
Prnewswire· 2025-11-11 22:11
Core Points - Cymat Technologies Ltd. will host an Investor Update call on November 12, 2025, at 2:00 p.m. EDT to provide updates on ongoing projects and initiatives [1][2][3] Company Overview - Cymat Technologies Ltd. holds global rights to manufacture and sell Stabilized Aluminum Foam (SAF), a lightweight, recyclable material with customizable properties [3] - The production process of SAF involves injecting gases into a molten aluminum bath, resulting in a material suitable for various industries, including architectural design, military, and automotive [3] - Cymat markets its architectural SAF under the Alusion brand and its automotive and military SAF under the SmartMetal brand [3]
CYMAT PROVIDES UPDATE ON PRIVATE PLACEMENT FINANCING
Prnewswire· 2025-10-21 20:58
Core Viewpoint - Cymat Technologies Ltd. is conducting a non-brokered private placement of equity Units to raise gross proceeds of $1,551,500, with each Unit priced at $0.13, consisting of one Common Share and one Common Share Purchase Warrant [2][4]. Group 1: Offering Details - The offering will issue 11,934,615 equity Units, with each Warrant allowing the holder to purchase one Common Share at a price of $0.18 for a period of 24 months [2]. - No Company Insiders will participate in this offering, and if the exercise of Warrants creates a new Insider, the Company will rely on an exemption from formal valuation and minority shareholder approval requirements [3]. - The proceeds will be allocated for capital equipment purchases and working capital requirements [4]. Group 2: Company Overview - Cymat Technologies Ltd. holds global rights to manufacture and sell Stabilized Aluminum Foam (SAF), a lightweight, recyclable material used in various industries including architectural design, military, and automotive [5]. - The proprietary production process of SAF involves injecting gases through a molten bath of alloyed aluminum infused with ceramic particles, resulting in a material with customizable density and dimensions, mechanical energy absorption, and thermal and acoustic insulation [5].
CYMAT ANNOUNCES COMPLETION OF $1.5 M PRIVATE PLACEMENT FINANCING
Prnewswire· 2025-10-02 12:51
Core Viewpoint - Cymat Technologies Ltd. has successfully completed a non-brokered private placement of equity units, raising gross proceeds of $1,499,500 to support strategic business initiatives and working capital needs [1][3]. Summary by Sections Offering Details - The offering consisted of units priced at $0.13 each, with each unit comprising one common share and one common share purchase warrant [2]. - Each warrant allows the holder to purchase one common share at a price of $0.18 for a period of 24 months [2]. - A total of 11,534,615 common shares and the same number of warrants will be issued as a result of this offering [3]. Use of Proceeds - The proceeds from the offering will be allocated for capital equipment purchases related to a major strategic business development initiative and for working capital requirements [3]. Management Statements - Michael Liik, CEO and Chairman of Cymat, expressed satisfaction with raising the necessary capital to pursue the previously announced business opportunity with Rio Tinto Alcan and to fund ongoing automotive initiatives [5]. - A webinar will be hosted shortly to update stakeholders on the progress of these initiatives [5]. Company Overview - Cymat Technologies Ltd. holds global rights to manufacture and sell Stabilized Aluminum Foam (SAF), a lightweight, recyclable material used in various industries including architecture, military, and automotive [6]. - The proprietary production process of SAF allows for scalability and low production costs, with unique characteristics such as customizable density and mechanical energy absorption [6].