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First Canadian Graphite Inc. Announces Closing Financing - $2,768,100.00
Thenewswire· 2026-02-07 00:40
Core Viewpoint - First Canadian Graphite Inc. has successfully closed a private placement offering, raising gross proceeds of $2,768,100 through the sale of 9,227,000 units at $0.30 each, which was oversubscribed by $168,100 [1][2] Financing Details - The proceeds from the financing will be allocated for general working capital and an exploration and drill program on the Berkwood Graphite Project in northern Quebec [2] - Each unit consists of one common share and one-half warrant, with each whole warrant allowing the purchase of one common share at $0.50 for two years [1] Insider Participation - Three insiders subscribed for a total of 270,000 units, which qualifies as a "related party transaction" but is exempt from formal valuation and minority shareholder approval requirements [3] - A new insider position was created through the participation of an investor who subscribed for 750,000 units [3] Finder Fees - A finder fee of $38,802.02 in cash and 125,440 finder warrants, exercisable at $0.50 for two years, will be paid/issued [4] Regulatory Approval - The company will seek approval from the TSX Venture Exchange to close the financing and issue the securities, which will be subject to a hold period of four months plus one day from the issuance date [5] Company Background - First Canadian Graphite is managed by a team with over 150 years of collective experience in mining, with a focus on the Berkwood graphite resource in Northern Quebec, which is fully owned by the company [7]
North American Company Secures Strategic Rare Earth Deal in Kazakhstan
Yahoo Finance· 2026-02-04 12:00
“Kazakhstan has some of the largest rare earth deposits in the world, and positioned between Russia and China, strategic alignment is a priority for the United States,” said Leonard Sternheim, CEO of REalloys Inc. “This partnership brings one of Central Asia’s most capable private enterprises in critical materials into a framework that serves not just economic, but national security interests of the West. We look forward to working with AltynGroup to bring Kazakhstan’s abundance of rare earth feedstock into ...
Trump announces $12bn critical mineral stockpile to reduce reliance on China
Yahoo Finance· 2026-02-03 10:29
Core Insights - Project Vault is a $12 billion initiative aimed at reducing U.S. dependence on Chinese rare earths and securing critical minerals for advanced technologies [1][2] - The project includes $1.67 billion in private investment and a $10 billion loan from the U.S. Export-Import Bank [1] Group 1: Project Objectives - The initiative focuses on securing essential minerals such as antimony, cobalt, copper, graphite, lead, nickel, and silicon to ensure reliable access for manufacturers [2][3] - It aligns with the U.S. National Security Strategy by strengthening the domestic industrial base and securing supply chains [2] Group 2: Industry Involvement - Companies involved in Project Vault include Boeing, Corning, General Motors, GE Vernova, Alphabet's Google, and Stellantis NV [3] - Commodities trading firms like Hartree Partners, Traxys North America, and Mercuria Energy Group are responsible for procuring the necessary materials [3] Group 3: Strategic Context - The initiative is a response to China's tightened export controls, which have highlighted its influence over critical mineral markets [4] - The U.S. currently has a stockpile for defense needs but lacks one for civilian purposes, making Project Vault a significant step [3][4] Group 4: Financial Mechanism - Companies participating in the initiative will commit to purchasing materials at agreed prices and pay upfront fees for preferred access [5] - During supply disruptions, these companies can access their inventories under specific conditions, helping to stabilize market volatility [5] Group 5: Economic Impact - The initiative aims to support domestic manufacturers, enhance U.S. production and processing of critical raw materials, and strengthen the critical minerals sector [6] - It is expected to create jobs domestically and advance the national interest while helping U.S. manufacturers compete globally [6]
Northern Graphite and Partners Launch German-Funded R&D Program
TMX Newsfile· 2026-02-02 12:45
Core Viewpoint - Northern Graphite Corporation, along with partners, has launched the USE-G initiative to develop environmentally friendly graphite extraction technologies for Europe's battery industry, funded primarily by the German Federal Ministry for Economic Affairs and Energy [1][2][8] Group 1: Project Overview - The USE-G initiative aims to create new graphite processing technologies that are cleaner, less energy-intensive, and independent of Chinese supply chains, with a total project budget of €1.70 million, of which €1.14 million is contributed by the Ministry [2][3] - The project will focus on the purification of natural graphite without hydrofluoric acid, the development of sustainable coating materials, and the recovery of graphite from battery recycling [3][5] Group 2: Roles and Contributions - Northern Graphite will supply natural graphite from its Canadian mine and potentially from its Namibian mine, and will conduct milling, shaping, and battery testing in Germany [4][6] - H.C. Starck Tungsten will provide technology to extract graphite from spent lithium-ion batteries, enabling the recycling of materials typically lost in conventional processes [4][9] - Friedrich Schiller University Jena will lead the development of a novel chlorine gas purification method, which is cleaner and less energy-intensive than current methods [5][9] Group 3: Goals and Timeline - The project will initially process natural and recycled graphite separately to establish performance and purity benchmarks, followed by evaluations for blending these materials into a unified anode product [6][9] - The USE-G program commenced on January 1, 2026, and will run until December 31, 2029, aiming to demonstrate a complete European-controlled graphite processing flow sheet by the end of the program [9]
Adoption of Omnibus Incentive Plan & Private Placement Update
TMX Newsfile· 2026-01-30 21:39
Core Viewpoint - iMetal Resources Inc. has successfully adopted a new omnibus incentive plan approved by shareholders, which includes the grant of stock options and other equity-based incentives [1] Group 1: Incentive Plan Details - The new omnibus incentive plan reserves up to 10% of the outstanding common share capital for the grant of stock options [1] - An additional 1,007,465 shares are reserved for the grant of restricted share units and deferred share units [1] - Shareholders approved the plan during the annual general and special meeting held on August 7, 2025 [1] Group 2: Private Placement Update - The company corrected the number of units issued in its $0.13 flow-through unit private placement, reporting a total of 4,164,623 units for gross proceeds of $541,400.99 [2] - All other terms of the private placement remain unchanged from the previous announcement [2] Group 3: Company Overview - iMetal Resources Inc. is a Canadian junior exploration company focused on resource properties in Ontario and Quebec [3] - The flagship property, Gowganda West, is an exploration-stage gold project with a recent discovery of 48.5 meters at 0.85 g/t gold [3] - The Ghost Mountain property is located near Agnico Eagle's Holt and Holloway Mine, while the Carheil project has multi-metal potential and previous graphite results [3]
CANADA CARBON COMPLETES THIRD DRILLING CAMPAIGN ON ASBURY GRAPHITE PROPERTY
Globenewswire· 2026-01-28 03:23
Core Insights - Canada Carbon Inc. has completed a third drilling campaign at its Asbury Graphite Property, enhancing its resource evaluation and de-risking efforts [1][4] - The drilling program, which took place from November 4 to December 10, 2025, achieved 2,517 meters of drilling out of a planned 5,200 meters, contributing to a total of over 7,500 meters of core samples from previous campaigns [2][4] - The company aims to update its NI 43-101 resource report and complete a pre-feasibility study by June 30, 2026, following its maiden resource estimate of 4.14 million tons with an average grade of 3.05% Cg [4] Drilling Campaign Details - The recent drilling campaign focused on the Northeast and Southwest portions of the Asbury property, which is located near Notre-Dame-du-Laus, Quebec [1] - Historical data indicates that Asbury was an operational graphite mine from 1974 to 1988, producing high-quality concentrate [4] - The results from the Fall 2023 drilling campaign included significant graphite grades, such as 12.25% Cg over 22.50 meters [8] Future Plans and Expectations - The company is optimistic about the commercial potential of the Asbury project and its contribution to the local economy and Quebec's strategic mineral development efforts [4] - Canada Carbon is committed to maintaining high standards of social and environmental responsibility while developing its graphite deposits [13]
First Canadian Graphite Inc. Announces Financing
Thenewswire· 2026-01-26 21:50
Montreal, QC, - January 26, 2026 — TheNewswire - First Canadian Graphite Inc. (the “Company”) (TSX-V: FCI | Frankfurt: BK2) is pleased to announce that the Company intends to offer up to 8,666,667 units at $0.30 for gross proceeds of up to $2,600,000. Each unit shall be comprised of one common share and one-half warrant. Each whole warrant will entitle the holder to purchase one common share exercisable at $0.50 for two years. The gross proceeds from the financing will be for general working capital. ...
Lomiko Announces Omnibus Equity Incentive Plan Grants and Stock Option Cancellations
Businesswire· 2026-01-22 23:25
Core Viewpoint - Lomiko Metals Inc. has announced the grant of Restricted Share Units (RSUs) and Deferred Share Units (DSUs) to its management and board as part of its annual incentive program, aligning compensation with long-term objectives [1][3]. Compensation Details - The Board approved the grant of a total of 411,095 RSUs and 731,953 DSUs to the Company's directors, while management received 425,133 RSUs and 50,000 stock options [2]. - RSUs will vest by January 22, 2027, calculated based on a 5-day volume weighted average closing price of C$0.15 per common share [4]. - DSUs for directors will also vest on January 22, 2027, and are settled upon retirement from the board, similarly calculated using the same share price [5]. - Management's stock options have a 5-year term with a vesting schedule of one-third on the grant date, the first anniversary, and the third anniversary, with an exercise price of C$0.15 per option [6]. Stock Options Cancellation - The board has cancelled a total of 355,000 stock options with an exercise price of C$1.20 to increase available capacity under the Plan [7]. Company Overview - Lomiko Metals holds mineral interests in the La Loutre graphite development in southern Quebec, covering 4,528 hectares [8]. - The La Loutre project is located within the territory of the Kitigan Zibi Anishinabeg First Nation and is 180 kilometers northwest of Montreal [8]. Mineral Resource Estimate - An updated Mineral Resource Estimate for the La Loutre Project reported 64.7 million tonnes of Indicated Mineral Resources averaging 4.59% Cg per tonne, representing a 184% increase in tonnage [10]. - The increase in Indicated Mineral Resources was attributed to a 2022 drilling campaign, which added 41.5 million tonnes compared to the 2021 estimate [10][11]. Additional Projects - The Company also has interests in seven early-stage projects in southern Quebec, covering 328 claims and totaling 18,622 hectares [12].
EcoGraf Delivers Strong Results from Maiden Exploration at Hazina Gold Prospect in Tanzania
Small Caps· 2026-01-21 00:25
EcoGraf (ASX: EGR) has reported strong results from maiden exploration at the Hazina prospect within its Southern Frontier gold project in Tanzania.The initial reconnaissance program included stream sediment and rock chip work at 16 locations focused on alluvial gold in the river gravels of selected outcrops at a number of artisanal workings near to the prospect that EcoGraf believes are a strong indicator of potential bedrock gold mineralisation in the area.Results identified a fine, coarse, and heavy mine ...
First Canadian Graphite Increases Airborne Geophysical Survey and Completes Graphite Metallurgical Testing on Berkwood's Zone 3 Grab Samples.
Thenewswire· 2026-01-19 13:00
Core Insights - First Canadian Graphite has expanded its airborne electromagnetic and magnetic surveys for the Berkwood Graphite Project in Northern Quebec, following the acquisition of new claims [2][12] - Volt Carbon Technologies has completed successful dry separation and metallurgical testing on grab samples from the Berkwood Graphite Zone 3 property, indicating high-grade graphite content [3][5] Survey and Testing Results - The airborne geophysical surveys are being increased in size to enhance exploration efforts [12][13] - Preliminary testing results from Zone 3 show graphitic carbon (Cg) content ranging from 6.43% to 39.66%, with an average total carbon (Ct) of 32.47% and average graphitic carbon (Cg) of 22.90% across eight grab samples [5][9] - More than 85% of the graphite flakes separated were greater than 80 mesh, indicating a large-flake graphite potential [9] Methodology and Future Plans - The dry separation and metallurgical testing utilized Volt Carbon's proprietary dry air classification process, which achieved graphite purity levels between 95% and 98.5% in previous tests [14][15] - The company plans to use the results from the airborne surveys and metallurgical findings to guide further exploration and optimize processing methods [12][13] - Additional testing is planned to advance discussions with potential partners interested in high-purity, large-flake graphite [12] Project Background - The Berkwood Graphite Project is located in Quebec, with easy access via major and minor roads, and has a current mineral resource estimate of 1,755,300 tonnes of indicated resources at 17.00% Cgr [19][20] - The project is situated within the traditional territory of the Pessamit Innu First Nation, and the company is committed to fostering respectful relationships with local Indigenous communities [19]