News Releases

Cymat Technologies Ltd. Announces $4.3 Million Equity Financing

Toronto, Ontario

 April 26, 2021 – Mississauga, Ontario – Cymat Technologies Ltd. (TSXV:CYM) (the “Company” or “Cymat“). Today, Cymat announced that it has secured commitments to raise $4.3 Million from a non-brokered private placement of equity Units (the “Offering”). 

Each Unit will be priced at $0.65 with one Unit consisting of one (1) Common Share and one half (1/2) of a Common Share purchase Warrant. Each full Warrant will entitle the holder to purchase one Common Share at a price of $0.90 for a twenty-four (24) month period following the closing date of the financing. The Company has engaged Eight Capital to act as an advisor in connection with this financing. It is expected that the Offering will be completed on or about April 30, 2021. 

The Company plans to use the proceeds from this financing to undertake production capacity and productivity upgrades in its plant to support both growth in its AlusionTM product line and anticipated growth from SmartMetalTM initiatives. Cymat will also use these funds to expand its business development endeavors primarily in the automotive sector and, for general corporate purposes. 

Cymat CEO Michael Liik stated, “This financing will not only enhance our plant output and business development initiatives but more importantly, provide us with the balance sheet strength to effectively negotiate with OEMs for anticipated future projects.” Mr. Liik further remarked, “We are thrilled to be working with Eight Capital, an established institutional invesmtent bank that we believe will help take us to the next level.” 

About Cymat:

Cymat Technologies Ltd. is an innovative materials technology company employing a proprietary process to manufacture our unique Stabilized Aluminum Foam (“SAF”). Cymat SAF is an advanced lightweight recyclable material with a wide array of features including customizable density and dimensions, energy absorption and thermal and acoustic insulation. Cymat is focused on producing SAF for architecture, blast mitigation, automotive, transportation and industrial markets. Cymat’s architectural brand, Alusion™, has become an accepted choice for superior and unique cladding and façade alternatives for the building industry. The Alusion™ brand is recognized globally, having completed projects on almost every continent.

Cymat’s SmartMetal™ division has developed proven products for energy absorption applications including blast mitigation for the military sector and impact reduction for the nuclear energy sector. Cymat is working with numerous manufacturers and solution providers around the world for the integration of SmartMetal™ into kinetic energy management systems. Cymat is based in Mississauga, just outside Toronto, where it operates a 2.400 sq. metre plant. For further information on Cymat, please visit our Web site www.cymat.com.

For further information: please contact:

Investors and Media:

Michael Liik, CEO
Cymat Technologies Ltd
416-704-6217
liik@cymat.com

Investor Cubed Inc.:
Neil Simon, CEO
647-258-3310
nsimon@investor3.ca