Mr. Matthieu Bos reports

FALCON ENERGY MATERIALS PLC CLOSES C$25 MILLION PRIVATE PLACEMENT TO ACCELERATE PROJECT DEVELOPMENT AND WELCOMES SIGNIFICANT NEW SHAREHOLDERS

Falcon Energy Materials PLC has closed its previously announced non-brokered private placement of 41,666,666 units of Falcon at a price of 60 cents per unit for gross proceeds of $25-million. Each unit comprises one ordinary share of the company and one share purchase warrant. Each warrant grants the holder the right to purchase one additional share at a price of 75 cents per warrant share for a period of 36 months from the date of closing.

"We are extremely pleased with the strong investor confidence demonstrated by the successful closing of this private placement, " said Matthieu Bos, chief executive officer of Falcon. "We are grateful to our existing shareholders for their continued support, including La Mancha Resource Fund's exercise of its anti-dilution rights, and we are pleased to welcome significant new investors such as Argentem Creek Partners from the United States of America and several high-profile investors from the Middle East and Europe. The support shown by participants in this private placement will enable us to advance rapidly the development of our project in Morocco."

As of the closing of the private placement the company's largest shareholder, La Mancha Investments SARL will have a 24.1-per-cent interest in the company based on the fully diluted number of shares outstanding.

The proceeds from the private placement will be used to advance the development of the company's strategic projects in Morocco as well as for general working capital requirements. All securities issued under the private placement will be subject to a statutory four-month hold period in accordance with applicable Canadian securities laws until June 21, 2026. Notably, no commissions were paid in connection with the private placement.

The issuances of units to insiders of the company, including La Mancha, in connection with the private placement are considered related party transactions within the meaning of Policy 5.9, Protection of Minority Security Holders in Special Transactions, of the TSX Venture Exchange and Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying on exemptions from the formal valuation and minority approval requirements as neither the fair market value of the securities being issued to insiders nor the consideration being paid by such insiders exceeds 25 per cent of the company's current market capitalization.

The private placement remains subject to receipt of the final approval from the TSX-V.

About Falcon Energy Materials PLC

Falcon Energy Materials is aiming to be the premier provider of natural coated spheronized purified graphite (CSPG), a critical component for energy storage solutions. As a dedicated chemical refiner of natural graphite concentrate, Falcon is working diligently toward the development of a state-of-the-art 25,000-tonne-per-annum CSPG production facility in Morocco.

Strategically partnered with leading Chinese technology firms and Tier 1 Moroccan partners, Falcon benefits from advanced technological expertise, access to high-quality raw materials and chemicals, and a prime geographical location -- factors that will enable it to deliver consistent, high-quality supply to global markets.

With a clear focus on sustainable growth and innovation, Falcon aims to become the go-to producer of natural CSPG, supporting widespread adoption in energy storage and other emerging industries.

We seek Safe Harbor.