Welcome to our dedicated page for Focus Graphite news (Ticker: FCSMF), a resource for investors and traders seeking the latest updates and insights on Focus Graphite stock.
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. announced a proposed share consolidation at the upcoming annual and special shareholder meeting on May 19, 2022. The consolidation will convert ten pre-consolidation shares into one post-consolidation share, reducing the number of outstanding shares from approximately 551.7 million to about 55.2 million. This measure aims to streamline the company’s capital structure and is subject to shareholder and TSXV approval. Fractional shares will be rounded, ensuring uniform treatment for all shareholders.
Focus Graphite has filed a technical report on SEDAR supporting its initial Mineral Resource Estimate (MRE) for the MOGC graphite deposit at the Lac Têtêpisca Project. The report, prepared by DRA Global Limited, details findings effective from February 17, 2022, and signed on April 4, 2022. The Lac Têtêpisca Project consists of two contiguous properties in Québec, covering 6,737.50 hectares. The report is available on SEDAR and will be posted on the company’s website.
Focus Graphite Inc. has initiated a 3,000 m exploration drilling program at its Lac Tététipisca graphite project, targeting two high-priority areas: Southwest MOGC and West Limb. The goal is to confirm significant graphite mineralization potential in these areas, believed to be geologically related to the existing MOGC deposit, which holds an indicated resource of 59.3 Mt grading 10.61% Graphitic Carbon. Focus has engaged IOS Services Géoscientifiques and others for project supervision and drilling operations. This program aims to expand the company's flake graphite resource base.
Focus Graphite has reported a maiden mineral resource estimate for its Lac Tétèpisca graphite project, revealing 59.3 million tonnes with a grade of 10.61% graphitic carbon, equating to approximately 6.3 million tonnes of in-situ graphite. This positions the project among the largest undeveloped flake graphite sources in North America. The resource estimate, conducted by DRA Global, indicates significant potential for further development. Focus plans to initiate community consultations and explore development incentives as it pushes toward production at both the Lac Tétèpisca and Lac Knife projects.
Focus Graphite has successfully completed a third tranche of its Equity Financing Facility with Alumina Partners, raising $200,000 through a private placement. This involves the issuance of 3,555,555 units consisting of common shares priced at $0.05625 each and warrants for 1,777,777 shares at $0.09375.
The facility allows for up to $12 million over 24 months for working capital. All securities are subject to a 4-month hold period and require TSX Venture Exchange acceptance.
Focus Graphite Inc. announced the closure of a second tranche under its equity financing facility with Alumina Partners, netting $200,000. This tranche comprises 3,137,254 units priced at $0.06375 each, along with warrants for future purchases. The financing facility can provide up to $12 million over two years for working capital. Additionally, it received $500,000 from Mont Royal Resources Ltd., split between cash and shares as part of a property acquisition agreement. The investments aim to enhance shareholder value and support graphite production projects.
Focus Graphite announced the successful closing of a non-brokered Flow-Through private placement, raising $5.2 million through the issue of 57,777,780 shares at $0.09 each. The proceeds will fund exploration on the Lac Tétèpisca graphite project in Québec. The company incurred finder's fees of $357,000 and issued 3,966,666 warrants for additional common shares. Notably, two insiders acquired 1,111,111 shares for $100,000, representing a related party transaction exempt from formal approval.
Focus Graphite Inc. has announced an increase in its financing from $4 million to $5.2 million, planning to issue up to 57,777,778 Common Shares at $0.09 per share. The Offering will close in tranches, pending necessary approvals. It is aimed at accredited investors under applicable exemptions. Additionally, Finder's fees of 7% in cash and warrants may be paid as part of the financing. The upcoming plans include the objective of producing battery-grade spherical graphite at its Lac Knife deposit in Quebec.
Focus Graphite has arranged a non-brokered private placement of up to 44,444,444 Common Shares at $0.09 each to fund exploration and drilling programs. The offering will be conducted in tranches, pending necessary approvals. Finder’s fees of 7% may apply, alongside warrants for non-flow-through common shares. The company has also hired Refined Substance Inc. for investor relations, with compensation set at $3,500 CAD per month. Focus Graphite aims to enhance shareholder value through its Lac Knife project and potential graphite product developments.
Focus Graphite Inc. (TSXV:FMS) has granted incentive stock options for up to 38,550,000 Common Shares at an exercise price of $0.05 per share, expiring on November 2, 2026. This decision is part of the company’s strategy to compensate its directors, officers, employees, and consultants. Focus Graphite is engaged in the exploration and development of flake graphite concentrate at its Lac Knife and Lac Tététpisca projects in Quebec, while also evaluating the feasibility of specialty graphite products, including battery-grade spherical graphite.
