Focus Graphite Advanced Materials Announces Closing of C$891,000 Non-Brokered Private Placement

Core Viewpoint - Focus Graphite Advanced Materials Inc. has successfully closed a non-brokered private placement, raising total gross proceeds of C$891,000, which has been conditionally approved by the TSX-V [1][2]. Financing Details - The Company issued 7,425,000 units at a price of $0.12 per unit, with each unit consisting of one common share and one non-transferable common share purchase warrant [2]. - Each warrant allows the holder to acquire one common share at an exercise price of $0.22 for a period of 24 months from the date of issue [2]. - The net proceeds from this financing will be allocated to maintain existing operations and general working capital, including advancing battery technology and developing advanced materials [3]. Finder's Fee - In connection with the offering, the Company paid a cash finder's fee of $42,480 and issued 354,000 finder warrants, each allowing the finder to purchase one common share at a price of $0.22 until August 8, 2027 [4]. Company Overview - Focus Graphite Advanced Materials is focused on critical minerals, owning two world-class graphite projects, including the Lac Knife project, which is one of the most advanced high-purity graphite deposits in North America [6]. - The Lac Tétépisca project is also highlighted for its potential to be one of the largest and highest-purity graphite deposits in North America [7]. - The Company is committed to environmentally sustainable processing solutions and innovative battery technologies, including a patent-pending silicon-enhanced spheroidized graphite [7][8].