Focus Graphite Closes $3.9 Million Bought Deal Offering

Core Viewpoint - Focus Graphite Inc. has successfully completed a "bought deal" offering, raising approximately $3.89 million through the issuance of units, which include common shares and warrants [1][2]. Group 1: Offering Details - The company issued 9,273,410 units at a price of $0.42 per unit, resulting in aggregate gross proceeds of $3,894,832.20, which includes a partial exercise of an over-allotment option [2]. - Each unit consists of one common share and one warrant, with each warrant allowing the purchase of one common share at an exercise price of $0.60 until June 8, 2028 [2]. - The net proceeds from the offering will be allocated for temporary working capital, payments related to the Government of Canada's Global Partnership Initiative, and general corporate purposes [3]. Group 2: Underwriting and Commissions - The underwriting agreement with Research Capital Corporation included a cash commission of $272,638.25 and the issuance of 649,139 non-transferable broker warrants [5]. - Each broker warrant allows the purchase of one unit at an exercise price of $0.60 until June 8, 2028, with a hold period of 4 months and one day from the date of issue [5]. Group 3: Company Overview - Focus Graphite Advanced Materials Inc. is focused on critical minerals, owning two world-class graphite projects, including the Lac Knife project, which is recognized as one of the most advanced high-purity graphite deposits in North America [7]. - The Lac Tetepisca project is positioned to be one of the largest and highest-purity graphite deposits in North America, enhancing the company's portfolio [8]. - The company emphasizes environmentally sustainable processing solutions and innovative battery technologies, including a patent-pending silicon-enhanced spheroidized graphite [8][9].