Core Viewpoint - China's announcement of stricter export controls on lithium-battery raw materials and graphite anode materials is expected to enhance the strategic importance and market value of graphite produced outside China, particularly benefiting North American producers [1][6]. Industry Summary - China's Ministry of Commerce and General Administration of Customs have introduced a regulatory regime requiring export licenses for certain lithium-battery raw materials and graphite anode materials, effective November 8, 2025 [2]. - The new regulations will necessitate government approval for the export of artificial graphite anode materials and related processing equipment, which is anticipated to tighten the global supply of processed graphite and related battery materials [2][6]. - The export controls are likely to create upward pressure on graphite prices and margins, benefiting producers outside of China who have secure supply chains [6]. - There is an expected shift in demand as buyers and battery manufacturers seek alternative, stable sources of graphite and anode materials, accelerating the demand for non-Chinese suppliers [6]. Company Summary - First Canadian Graphite Inc. is positioned to benefit from the increased global focus on the secure supply of North American critical minerals due to the new export controls [6]. - The Berkwood Graphite Project, owned 100% by the company, has a current mineral resource estimate of 1,755,300 tonnes of indicated resources at 17.00% Cgr and 1,526,400 tonnes in inferred resources at 16.39% Cgr [7]. - The management team of First Canadian Graphite has over 150 years of collective experience in mining, with a successful track record in discovering and operating mines [8].