Focus Graphite announced today the closing of the final tranche of its previously announced non-brokered private placement. In total, following the closing of the two tranches of the Offering, the company issued 4,708,000 units at a price of $0.50 per Unit for total gross proceeds of $2,354,000. The closing of the final tranche consisted of the issuance of 847,000 Units ($423,500). Each Unit consists of one (1) common [...]
Ongoing Financing and Offtake Discussions OTTAWA, ONTARIO--(Marketwired - Feb 2, 2015) - Focus Graphite Inc. (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) is a natural flake graphite enterprise with proven reserves and strong economics. Focus is transitioning out of the exploration stage to a mining development company. It is currently at the project financing stage and is working with additional potential offtake [...]
OTTAWA, ONTARIO--(Marketwired - Jan 6, 2015) - Focus Graphite Inc. (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) ("Focus" or the "Company") is pleased to announce that Caterpillar Financial Services Corporation ("Cat Financial") has expressed its formal interest to further evaluate the Company's Lac Knife Project in order to provide Focus with a financing solution for Lac Knife's development. Cat Financial provides [...]
OTTAWA, ONTARIO--(Marketwired - Dec 1, 2014) - Focus Graphite Inc. (TSX VENTURE:FMS) (OTCQX:FCSMF) (FRANKFURT:FKC) ("Focus" or the "Company") is pleased to announce the completion and filing of an Environmental and Social Impact Assessment ("ESIA") for the Lac Knife Project located in northeastern Québec. Golder Associates completed the study and the report. This significant milestone is one of several initiatives underway that are contributing to the ongoing process of de-risking Lac Knife's Project development. A Feasibility Study that demonstrates the technical and economical viability of the Lac Knife project was filed on August 8th, 2014. Since then, the general site layout of the Feasibility Study was further optimized between July and October... [...]
OTTAWA, ONTARIO--(Marketwired - Oct 28, 2014) - Focus Graphite Inc. (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) ("Focus" or the "Company") is proud to announce the signing of a Pre-Development Agreement ("PDA") with the Uashat Mak Mani-Utenam Innu ("ITUM") First Nation Band Council, for the Lac Knife Mine Development Project located 30 km south of Fermont, in north-eastern Québec. The intent of ITUM-Focus agreement is to enter into a collaborative relationship in order to better understand the impacts of the project and to incorporate ITUM's concerns into the Lac Knife mine development project planning. The PDA further lays out the possibility that future negotiations could pave the way to a long-term partnership that would allow for the sustainable developm... [...]
Metallurgical Results Show an average of 94.7% Total Carbon in Plus 200 Mesh Flake, Including 97.7% Total Carbon for Plus 80 Mesh Flake; Similarities in Carbon Content to Focus' Lac Knife Deposit OTTAWA, ONTARIO--(Marketwired - Oct 20, 2014) - Focus Graphite Inc. ("Focus" or the "Company") (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) is pleased to announce that significant widths of graphitic mineralization ranging [...]
Focus Graphite announced today the launching of the project financing phase of the Lac Knife development project, with the closing of the first tranche of a non-brokered private placement offering of up to 13,000,000 units at a price of $0.50 per Unit for gross proceeds of $6,500,000. In total, Focus issued 3,861,000 units for gross proceeds of $1,930,500. Each unit consists of one (1) common share and one (1) warrant [...]
Weighs lower-cost options for tandem financing of mine/plant and purification facilities for high value "battery grade" graphite production OTTAWA, ONTARIO--(Marketwired - Aug 8, 2014) - Focus Graphite Inc. ("Focus" or the "Company") (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) sole owner of the Lac Knife, Quebec high purity graphite deposit announced today that the Feasibility Report prepared in accordance [...]
Highlights: $383 Million NPV; 30.1% IRR; Operating Costs of $441 Per Tonne OTTAWA, ONTARIO--(Marketwired - Jun 25, 2014) - Focus Graphite Inc. (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) ("Focus" or the "Company") is pleased to report the results of its Feasibility Study ("FS") for the Lac Knife Project performed by Met-Chem Canada Inc. The study was based on a 25-year mine life that produced a Pre-tax Net Present [...]
Creates the Potential for High Value Sales in the Li-Ion Battery Sector OTTAWA, ONTARIO--(Marketwired - May 27, 2014) - Focus Graphite Inc. (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) ("Focus" or the "Company") is very pleased to announce the results from coin cell tests for the lithium ion battery market recently performed on Lac Knife Spherical Graphite ("SPG"). Focus Graphite is the sole owner of the world-class [...]
Focus is pleased to announce the closing of its transaction with Mincom Capital Inc., a Capital Pool Company trading on the TSX Venture Exchange for the sale of Focus' Romer Property located in the Labrador Trough territory of Quebec. Under the terms of the property acquisition agreement, Mincom has acquired all of Focus' rights, title and interest in a series of 149 contiguous and 2 isolated map-designated mining claims [...]
OTTAWA, ONTARIO--(Marketwired - Apr 8, 2014) - Mr. Gary Economo, Chief Executive Officer of Focus Graphite Inc., (TSX VENTURE:FMS) (OTCQX:FCSMF) (FRANKFURT:FKC) and CEO and Founding Partner of Grafoid Inc. ("Grafoid" or the "Company") announced today the appointment of Mr. Thomas H. Cruikshank as a strategic advisor to Grafoid. Focus Graphite Inc. holds a substantial equity interest in Grafoid Inc. on behalf of its [...]