Focus Graphite's Strategic Private Placement: Fueling Growth and Innovation

Focus Graphite Inc. (TSXV:FMS) has announced a non-brokered private placement, aiming to raise up to $300,000 through the issuance of 4,000,000 units at $0.075 per unit. This strategic move will enable the company to maintain its existing operations and general working capital requirements, positioning it for future growth and success in the global graphite market.

The private placement, expected to close on or about October 3, 2024, involves the issuance of common shares and warrants, with each unit consisting of one common share and one non-transferable common share purchase warrant. The warrants will entitle the holder to acquire one common share at an exercise price of $0.10 per common share for a period of 24 months from the closing of the offering.

Focus Graphite's strategic objectives align with the long-term growth and development of its Lac Knife and Tétépisca projects. The raised funds will support the company's permitting, resource development, and commercialization efforts, as well as the anticipated completion of an updated NI 43-101 Mineral Resource Estimate for Tétépisca. This will enable Focus Graphite to secure off-take agreements and strategic partnerships, further solidifying its position in the global graphite market.

The company's proprietary, environmentally sustainable processing technologies will also benefit from the private placement, as the funds can be allocated towards research and development efforts to advance value-added graphite products, such as battery-grade spherical graphite. This will enhance the company's competitive position and open up new revenue streams, driving future growth.

Focus Graphite's equity position in Grafoid Inc., a company specializing in graphene applications development, presents an opportunity for synergies and collaboration. The private placement could potentially influence the development and commercialization of graphene applications, with potential benefits including funding for research and development, access to graphite resources, collaboration on graphite purification and processing, market access and off-take agreements, and shared expertise and knowledge.

In conclusion, Focus Graphite's non-brokered private placement is a strategic move that aligns with the company's long-term objectives, positioning it for growth and success in the global graphite market. The raised funds will support the company's projects, initiatives, and partnerships, ultimately contributing to its competitive position and future growth.