Focus Graphite - FCSMF STOCK NEWS

Focus Graphite (TSXV:FMS, OTCQB:FCSMF) has announced changes to its non-brokered private placement offering, extending the closing date to February 21, 2025. The company has modified the offering terms to now include up to 5,000,000 units at $0.10 per unit, aiming to raise aggregate gross proceeds of up to $500,000.

Each unit consists of one common share and one non-transferable warrant, with each warrant allowing the purchase of one additional share at $0.20 for 36 months from issuance. The proceeds will support development activities at the company's Lac Knife and Tétépisca Projects in Quebec and general corporate purposes.

The company plans to pay finder's fees of up to 7% in cash and issue up to 7% in finder's warrants to eligible finders. All securities will have a four-month and one-day hold period, subject to TSX Venture Exchange approval.

Focus Graphite Advanced Materials (TSXV:FMS, OTCQB:FCSMF) has provided an update on its patent-pending silicon-enhanced spheroidized graphite technology for lithium-ion battery anodes. The company has pending patent applications in the United States, Canada, Europe, and South Korea.

The innovative technology incorporates multiple layers of silicon during sphere creation, unlike conventional methods that apply a single silicon coating after spheroidization. This approach addresses key challenges in silicon-enhanced anode materials, including charge-induced volume expansion and unreliable solid electrolyte interphase propagation.

Performance testing in coin cells has shown significant improvements: 4.5% silicon addition increased reversible capacity from 392 to 462 mAh/g, while 9% Si Enriched SPG boosted capacity from 530 to 605 mAh/g - a 62% increase compared to graphite alone. The company plans to validate the technology through full-scale commercial battery testing before pursuing licensing opportunities with OEMs or major battery manufacturers.

Focus Graphite has initiated a flake characterization study at its Lac Knife graphite deposit in northern Quebec, conducted by IOS Géosciences. This strategic initiative employs advanced imaging techniques and AI-based algorithms to analyze graphite flake distribution, size, and purity from drill cores.

The study encompasses several key components: high-resolution optical imaging for mapping flake distribution, advanced analytical tools using the ARTSection automated correlative microscopy platform, flake size calibration through grinding and beneficiation tests, environmental characterization to identify deleterious minerals, and pilot-scale testing for industrial validation.

The project aims to enhance mining efficiency, reduce operational costs, and minimize environmental impact. CEO Dean Hanisch highlighted that this study enables potential smaller-scale initial operations with the flexibility to scale up based on demand, while maintaining strong margins and fulfilling specific flake size requirements for various applications.

Focus Graphite (TSXV:FMS)(OTCQX:FCSMF) has announced a non-brokered private placement offering of up to 5,000,000 units at $0.10 per unit, aiming to raise gross proceeds of up to $500,000. Each unit consists of one common share and one non-transferable warrant, with each warrant allowing the purchase of one common share at $0.20 within 24 months from closing.

The offering, expected to close around February 15, 2025, will be sold to accredited investors and company insiders with a four-month hold period. No commissions or fees are associated with this financing. The proceeds will support existing operations and working capital requirements. The offering requires TSX Venture Exchange approval and satisfaction of customary closing conditions.

Focus Graphite (FCSMF) has shipped multiple drums of ore from its Tétepisca project to American Energy Technologies Company (AETC) in Illinois for downstream processing and analysis. The company has completed 74 drill holes totaling 14,900.5 meters at Tétepisca, with data to be included in an upcoming NI 43-101 Mineral Resource Estimate.

Approximately two tons of ore will be processed through AETC's state-of-the-art pilot plant to evaluate recoveries and analyze flake size, purity, and mesh quality. AETC's Wheeling facility features advanced grinding, sizing, and processing equipment, along with high-temperature graphite-refining reactors.

The Tétepisca testing aims to determine material production capabilities and processing performance. This follows Focus Graphite's earlier success with its Lac Knife project, which produces 98.2 wt%TGC mine-gate product and has demonstrated strong battery testing results.

Focus Graphite Inc. (FCSMF) has announced its strategic transformation into an advanced materials and technology company, leveraging its Lac Knife high-grade crystalline flake graphite project near Fermont, Québec. The company has completed its Feasibility Study and is progressing through the Environmental and Social Impact Assessment process.

Key developments include the successful testing of proprietary silicon-enhanced spheroidized graphite technology for improved lithium-ion battery performance, with plans for pouch cell testing through a third-party battery company. The company is also expanding its Certificates of Analysis across various mesh sizes and implementing environmentally friendly processing methods.

Additionally, Focus is advancing its Tétépisca project, with 74 holes drilled totaling 14,900.5 meters. An updated NI 43-101 Mineral Resource Estimate is expected later this year. The company aims to secure off-take agreements and strategic partnerships while positioning itself as a domestic supplier of high-purity graphite for North American markets.

Focus Graphite Inc. (TSXV:FMS)(OTCQB:FCSMF)(FRANKFURT:FKC) has closed the first tranche of its previously announced non-brokered private placement, raising gross proceeds of $400,000. The company issued 5,333,336 units at $0.075 per unit, with each unit comprising one common share and one non-transferable common share purchase warrant. Each warrant allows the holder to acquire one common share at $0.10 for 36 months from the issue date.

The company paid a finder's fee of $14,000 and issued 186,667 finders warrants. All securities have a hold period until February 9, 2025. The net proceeds will be used for maintaining existing operations and general working capital requirements.

Focus Graphite Inc. (TSXV:FMS)(OTCQB:FCSMF) has increased its non-brokered private placement offering from $500,000 to $525,000. The company will now issue 7,000,000 Units at $0.075 per Unit. Each Unit consists of one common share and one non-transferable common share purchase warrant. The warrant exercise period has been extended from 24 to 36 months, with an exercise price of $0.10 per share.

A finder's fee of up to 7% cash and 7% finder's warrants may be paid on a portion of the offering. The net proceeds will be used for maintaining existing operations and general working capital. The offering is expected to close around October 10, 2024, subject to regulatory approvals. The securities will have a four-month and one-day hold period from the issue date.

Focus Graphite Inc. (TSXV:FMS)(OTCQX:FCSMF)(FRANKFURT:FRA) has increased its private placement offering from $300,000 to $500,000, issuing an additional 2,666,666 Units at $0.075 per Unit for a total of 6,666,666 Units. Each Unit consists of one common share and one non-transferable warrant, exercisable at $0.10 for 24 months. The proceeds will fund existing operations and working capital. The offering is expected to close on October 4, 2024, subject to approvals.

Additionally, shareholders have approved the Company's amended 20% fixed equity incentive plan, increasing available options to 12,492,834 and allowing for Restricted Share Units. The plan is subject to TSX-V approval.