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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 (OTCQX:FCSMF) announced significant updates regarding its Lac Knife Project in Quebec. The Feasibility Study Update (FSU) indicates a pre-tax NPV of $500.9 million and an IRR of 28.7% over a 27-year mine life. The project is poised to produce 47,781 tonnes of flake graphite concentrate annually. The after-tax NPV is $285.7 million with an IRR of 22.4%. Emphasizing high purity (99.7% Cg) graphite, the company aims to meet growing demand in the North American electric vehicle (EV) market. Next steps include environmental assessments and consultations with local communities.
Focus Graphite Inc. (TSXV:FMS) has announced an amended stock option plan, increasing the number of shares reserved for options from 11,033,278 to 11,504,920, which constitutes 20% of the outstanding shares. This change, adopted by the Board on February 23, 2023, requires shareholder approval at the upcoming meeting on April 19, 2023, along with final approval from TSX-V. The company aims to enhance shareholder value through the development of its Lac Knife and Lac Tetepisca graphite projects and specialty graphite products, including battery-grade spherical graphite.
Focus Graphite Inc. has announced promising results from the initial five definition holes drilled at the Manicouagan Ouest Graphitic Corridor (MOGC) deposit. These results highlight the potential for significant deposit extension at depth. The drilling program, completed between March and November 2022, involved 14,900.5 meters across 74 holes, with a focus on deep definition drilling along the MOGC deposit. Notable intersections include hole LT-22-130 with 86.66 meters grading 15.00% Cg and other holes showing substantial graphite content. The company anticipates additional results from 22 more deep holes soon, contributing to a mineral resource update planned for Q3 2023.
Focus Graphite Inc. has successfully closed a non-brokered private placement, raising $842,616 in gross proceeds. This funding round involved issuing 988,640 common shares at $0.65 each and 500,000 units at $0.40 per unit, with each unit comprising one common share and one-half warrant. The warrants allow for the purchase of additional shares at $0.65 until December 29, 2023. The issuance is subject to a four-month hold, pending final approval from the TSX Venture Exchange.
Focus Graphite plans a non-brokered private placement of up to 500,000 units at $0.40 per unit for total proceeds of $200,000. Additionally, it will offer up to 987,692 flow-through shares at $0.65 per share, aiming for $642,000. The proceeds will fund operations and the Tetepisca drilling program. The offerings will close in tranches, pending necessary approvals. Shareholders approved an amendment increasing options under the stock option plan to 11,033,278. Focus Graphite aims to enhance shareholder value through mining and innovative graphite production.
Focus Graphite has completed its 2022 drilling program at the Lac Tététpisca project, achieving 14,900.5 metres from 74 holes, including 6,640.2 metres on the Manicouagan Ouest Graphitic Corridor. The project finished ahead of schedule and under budget, highlighting a significant achievement for the company. Analytical results are pending, and the project is expected to yield substantial mineralized drill core for further testing. The Lac Tététpisca project hosts an indicated resource of 59.3 million tonnes, grading 10.61% graphitic carbon.
Focus Graphite Inc. has closed its fourth tranche under an Equity Financing Facility with Alumina Partners, raising $100,000. This tranche includes 579,711 units priced at $0.1725 per share with attached warrants exercisable at $0.2875 per share. The facility aims to provide up to $12.0 million over 24 months for working capital. The funds will support the company's goal to produce flake graphite concentrate at its Lac Knife and Lac Tététpisca projects and evaluate specialty graphite products for stakeholder interests in Québec.
Focus Graphite has launched the second phase of its 2022 core drilling program at the Lac Tétèpisca project following the receipt of necessary land use permits. This second phase includes 12,000 meters of drilling targeting the Manicouagan-Ouest Graphitic Corridor, aiming to confirm graphite mineralization over a five-kilometer stretch. Notably, the program seeks to convert a fraction of the 59.3 million tonnes of Indicated Resources into Measured Resources and part of 14.9 million tonnes of Inferred Resources into Indicated Resources. 31 holes have been drilled to date.
Focus Graphite Inc. has secured a grant of up to $350,000 from Québec's Ministry of Energy and Natural Resources to fund a geometallurgical study of its Manicouagan-Ouest Graphitic Corridor graphite deposit at the Lac Tétépisca project. This funding supports the exploration of minerals essential for green energy technologies, as outlined in the MERN's 2020-2025 plan. The study aims to develop a predictive model to enhance understanding of graphite distribution and processing attributes, vital for future production targets, especially for the expanding electric vehicle battery market.
Focus Graphite Inc. has announced that the TSX Venture Exchange has approved a share consolidation on a 10:1 basis. This consolidation will take effect on June 17, 2022, resulting in approximately 55,166,390 post-consolidated common shares. Existing shares will be adjusted electronically for holders with uncertificated shares, while registered shareholders will receive instructions to exchange their physical share certificates. Focus Graphite continues to pursue the development of its Lac Knife and Lac Têtêpisca projects while exploring specialty graphite production.
