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Focus Graphite Inc. (FCSMF) drives innovation in sustainable graphite production for electric vehicle batteries and advanced industrial applications. This news hub provides investors and industry stakeholders with essential updates about the company’s Quebec-based projects, technological breakthroughs, and market developments.
Access authoritative reports on exploration milestones, processing innovations like silicon-enhanced graphite anode technology, and strategic partnerships shaping North America’s critical minerals supply chain. Our curated news collection covers operational updates, sustainability initiatives, and regulatory achievements without speculative commentary.
Discover comprehensive coverage of Focus Graphite’s progress across key areas: resource expansion at Lac Knife, environmentally responsible purification methods, and advancements in battery material performance. Bookmark this page for streamlined access to verified updates supporting informed analysis of the company’s role in next-generation energy solutions.
Focus Graphite Inc. (TSXV:FMS)(OTCQB:FCSMF) has announced that Dean Hanisch will join the company as a Special Advisor and Business Development Consultant, effective September 3, 2024. Hanisch, an entrepreneur with a 30-year track record, will work on advancing Focus Graphite's assets through strategic initiatives and fostering industry and government partnerships.
Hanisch's experience includes assisting junior mining companies and holding senior executive positions in the IT industry. Marc Roy, CEO of Focus Graphite, expressed enthusiasm about Hanisch's expertise in developing partnerships, which will benefit the company's Lac Knife and Lac Tétépisca natural large-flake graphite projects.
The company will host a shareholder update webinar on September 19, 2024, at 10:00 a.m. ET, where stakeholders can hear a corporate update and ask questions.
Focus Graphite has released new results from their 2022 exploration and definition drill program at the Manicouagan-Ouest Graphitic Corridor (MOGC) flake graphite deposit. The results show significant graphitic mineralization, excellent continuity at depth, and potential for deposit expansion. Key highlights include an 82.91-metre intersection grading 13.81% Cg and a 112.28-metre intersection grading 8.93% Cg. Drilling was conducted across various sections, with some holes reaching vertical depths of up to 384 metres.
The Lac Tétépisca graphite project, wholly owned by Focus Graphite, now boasts a pit-constrained Indicated Resource of 59.3 million tonnes grading 10.61% Cg and an Inferred Resource of 14.9 million tonnes grading 11.06% Cg. The results from this program are pivotal in updating the mineral resource estimate and indicating the potential for resource growth.
Exploration drilling at the Southwest MOGC target intersected thinner graphitic zones, with one hole returning 9.11 metres grading 6.08% Cg. Detailed structural 3-D modeling is ongoing to connect these findings with the main MOGC deposit. Further results from West Limb target drilling are pending.
Focus Graphite is set to benefit from recent U.S. tariffs on Chinese graphite, starting in 2026, and the Clean Vehicle Credit under the American Inflation Reduction Act. The Lac Knife project, currently at the feasibility stage, aims to become a key North American source of high-purity flake graphite for electric vehicle batteries. With North America needing to secure stable graphite supplies outside of China, Focus Graphite's Quebec-based projects are strategically positioned. The company will also benefit from a program by Quebec's Société du Plan Nord, providing support for funding and partnerships.
Focus Graphite (OTCQX:FCSMF) announced significant results from its 2022 drilling program at the Lac Tétèpisca graphite project in Quebec. Notably, drill hole LT-22-135 intercepted 77.14 meters grading 17.63% graphitic carbon (Cg), indicating strong mineralization potential. Results from nine additional holes showed promising grades and thicknesses across the strike of the Manicouagan Ouest Graphitic Corridor (MOGC). The drilling highlighted variation in mineralization between the north and south ends of the deposit, suggesting extensive resource potential. The company is awaiting further results to refine resource estimates, enhancing its position in the flake graphite market.
Focus Graphite Inc. (OTCQX:FCSMF) announced the filing of a National Instrument 43-101 technical report supporting the Feasibility Study Update (FSU) for its Lac Knife graphite project in Québec.
Prepared by DRA Global Limited, the report indicates no material change in project profitability. Key financial highlights include a pre-tax NPV of $500.6 million CAD and an after-tax NPV of $284.8 million CAD, reflecting minor adjustments from previous figures. The pre-tax IRR is now 29.1%, with a payback period of 2.88 years. The total capital expenditure is maintained at $236.5 million CAD.
Future activities involve consultation with the local Innu community, completion of environmental assessments, and securing project financing to advance the project to the engineering phase.
