Workflow
Environmental and Social Impact Assessment (ESIA)
icon
Search documents
Focus Graphite Advances ESIA Reporting at Lac Knife and Accelerates Mineral Resource Expansion at Lac Tetepisca and Announces the Grant of Options and RSUs
Newsfile· 2025-08-13 22:49
Core Insights - Focus Graphite Inc. is advancing its Environmental and Social Impact Assessment (ESIA) for the Lac Knife graphite project and accelerating mineral resource expansion at Lac Tétépisca [2][3][4] Group 1: ESIA Progress - The company has re-engaged IOS Geosciences Inc. to complete 16 technical reports necessary for submission to Québec's environmental authorities, marking a significant step towards permitting and mine construction [3][4] - The ESIA program, initially launched in 2020, faced delays due to funding constraints but is now back on track, with report completion expected by early 2026 [4][5] Group 2: Mineral Resource Expansion - Focus Graphite has initiated geochemical analysis of over 1,000 drill core samples from its 2022 exploration program at Lac Tétépisca, which will support an updated NI 43-101 Mineral Resource Estimate anticipated in Fall 2025 [6][8] - The updated resource estimate will further define the development potential of Tétépisca alongside Lac Knife [8] Group 3: Incentives and Future Plans - The company has granted stock options to purchase up to 4,215,000 common shares at an exercise price of $0.14 per share, expiring on August 13, 2030, and has also issued 1,350,000 restricted stock units to its directors and consultants [9] - The CEO emphasized that resuming the ESIA is a pivotal milestone towards full permitting and mine development at Lac Knife, reflecting the company's commitment to building value across its asset base in Québec [9]