Mr. Matthieu Bos reports

FALCON ENERGY MATERIALS PLC ANNOUNCES UPSIZE OF PRIVATE PLACEMENT TO C$34.24 MILLION

Due to investor demand, Falcon Energy Materials PLC is increasing the size of its previously announced private placement from 30 million units of Falcon to 34.24 million units at a price of $1 per Unit for aggregate gross proceeds of approximately $34.24-million.

Each unit will comprise one ordinary share of the company and one-half of a non-transferable share purchase warrant. Each full warrant grants the holder the right to purchase, for a period of 24 months from the date of closing, one additional share at a price of $1.29 per warrant share.

The private placement will be subject to standard regulatory approvals and conditions, including, but not limited to, the receipt of all necessary approvals of the TSX Venture Exchange. All securities issued under the private placement will be subject to a statutory four-month hold period in accordance with applicable Canadian securities laws. No commissions will be payable in connection with the private placement.

The proceeds from the private placement will be used to finance: (i) the previously announced potential acquisition of a strategic minority interest in an existing, arm's-length anode material producer in China, on the basis of a term sheet entered into between the parties on Aug. 6, 2026 (the potential acquisition); (ii) the company's growth plan in Morocco and internationally; and (iii) general working capital requirements.

The company anticipates that insiders of the company will participate in the private placement. The extent of insider participation has not been determined at this time. Any insider participation will be disclosed in accordance with the policies of the TSX-V and applicable securities laws.

Closing of the private placement is expected on or about Sept. 23, 2026, or such other day as the company may choose and remains subject to customary conditions, including the receipt of all necessary regulatory approvals.

About Falcon Energy Materials PLC

Falcon Energy Materials is aiming to be the premier provider of natural coated spheronized purified graphite, 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 (coated spherical purified graphite) 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.