CEMATRIX Announces Increase in Credit Facility to $8 Million

CALGARY, Alberta, June 27, 2024 (GLOBE NEWSWIRE) — CEMATRIX Company (TSXV: CVX) (OTCQB: CTXXF) (“CEMARIX“or the”Business“), a leading North American manufacturer and supplier of technologically advanced cellular concrete products, announced today that it has secured an increase in its credit facility from Canadian Imperial Bank of Commerce (“CIBC”) to support its continued growth and annual short-term working capital requirements during peak periods. The increased credit facility now has a maximum borrowing limit of $8 million, which represents a significant increase from the previous limit of $3 million. The other terms of the credit facility remain substantially unchanged. The credit facility remains undrawn as of today.

“CEMATRIX is very pleased to announce this increase in its credit facility with CIBC. This additional access to credit helps us be prepared to manage our working capital needs during peak periods,” said Ms. Marie-Josée Cantin, CEMATRIX’s Chief Financial Officer. “This increase in our credit facility, combined with our strong balance sheet, provides us with additional flexibility to support the growth of our business. We appreciate CIBC’s continued support,” said Jeff Kendrick, CEO of CEMATRIX.

ABOUT CEMATRIX

CEMATRIX is a rapidly growing company that manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations throughout North America. This unique cement-based material with superior thermal protection provides cost-effective and innovative solutions to a wide range of challenges facing the infrastructure, industrial, energy and commercial markets. The Company’s wholly-owned operating subsidiaries include CEMATRIX (Canada) Inc. (“CCI”), Chicago-based MixOnSite USA Inc. (“MOS”) and Bellingham-based Pacific International Grout Company (“PIGCO”). This has made CEMATRIX a true leader in the growing North American cellular concrete market. For more information, please visit our website at www.cematrix.com.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements. Generally, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “estimates”, “intends”, “anticipates”, “believes” or variations thereof. of these words, or statements that certain actions, events or results “may”, “could”, “should”, “will be taken”, “occur” or “be achieved”. The forward-looking statements contained in this press release are based on certain key expectations and assumptions made by the Company, including the satisfaction of regulatory requirements in various jurisdictions and the Company’s intended use of the net proceeds of the Offering. Forward-looking statements involve risks, uncertainties and other factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s filings with Canadian securities regulators, which could cause actual results, actual performance, prospects and opportunities differ materially from those expressed or implied by such forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based on information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated in such forward-looking statements. declarations. Readers are therefore cautioned not to place undue reliance on these statements, which speak only as of the date of this press release, and no assurance can be given whether such events will occur within the disclosed time frames or not. at all. Except as required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Jeff Kendrick – President and CEO
Telephone: (403) 219-0484

Glen Akselrod – President, Bristol Capital
Telephone: (905) 326 1888 ext. 1
[email protected]

Jeff Walker, The Howard Group – Investor Relations
Telephone: (888) 221-0915 or (403) 221-0915
[email protected]