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Focus Graphite Inc
Symbol FMS
Shares Issued 551,663,902
Close 2022-04-05 C$ 0.09
Market Cap C$ 49,649,751
Recent Sedar Documents

Focus Graphite files NI 43-101 MOGC resource estimate

2022-04-05 12:48 ET - News Release

Ms. Judith Mazvihwa-MacLean reports

FOCUS GRAPHITE FILES TECHNICAL REPORT ON MAIDEN RESOURCE ESTIMATE FOR ITS MOGC GRAPHITE DEPOSIT AT LAC TETEPISCA, QUEBEC

Focus Graphite Inc. has filed on SEDAR a technical report supporting the initial mineral resource estimate (MRE) originally announced on Feb. 17, 2022, for its MOGC graphite deposit at its 100-per-cent-owned Lac Tetepisca project, located southwest of the Manicouagan Reservoir in the Cote-Nord administrative region of Quebec, on the Nitassinan of the Pessamit Innu.

The technical report entitled "NI 43-101 Technical Report, Mineral Resource Estimate, Lac Tetepisca Graphite Project, Quebec," was prepared by DRA Global Ltd.'s Montreal, Que., office. The technical report, effective Feb. 17, 2022, and signed April 4, 2022, was written by independent qualified persons and was prepared in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects.

The technical report is available on SEDAR under the company's profile and will also be posted on the company's website.

About the Lac Tetepisca graphite project

Focus Graphite's 100-per-cent-owned Lac Tetepisca graphite project comprises two contiguous properties -- Lac Tetepisca and Lac Tetepisca Nord, located in the Southwest Manicouagan reservoir area of the Cote-Nord region of Quebec on the Nitassinan of the Pessamit Innu, 234 kilometres north-northwest of the city of Baie-Comeau, an industrial city located where the Manicouagan River intersects the north shore of the St. Lawrence River. Together, the two properties form a block of 125 map-designated claims (total area: 6,737.50 hectares). Focus purchased a 100-per-cent unencumbered interest of the mineral rights in the 67 CDC claims constituting the original Lac Tetepisca property from a third party in August, 2011. The Lac Tetepisca Nord property was map staked by the company in 2012. The Lac Tetepisca project is accessible year-round by way of a network of secondary gravel roads that extend north from Highway 389, 10 kilometres to the south of the Manic 5 hydroelectric power station.

Maps of the Lac Tetepisca property showing the location of the MOGC graphite deposit, along with drill sections, are available on the company's website.

Qualified person

Marc-Andre Bernier, Geo (Quebec), PGeo (Ontario), MSc, senior geoscientist for Table Jamesienne de Concertation Miniere, a consultant to the company and a qualified person as defined under NI 43-101, has reviewed and approved the technical information provided in this news release.

About Focus Graphite Inc.

Focus Graphite is an exploration and development company that seeks to produce flake graphite concentrate at its wholly owned Lac Knife and Lac Tetepisca flake graphite projects located in the Cote-Nord administrative region of Quebec. As part of its mission to build long-term, sustainable shareholder value, Focus is also evaluating the feasibility of producing value-added specialty graphite products, including battery-grade spherical graphite.

Focus Graphite is a technology-oriented graphite development company with a vision for building long-term, sustainable shareholder value. Focus also holds an equity position in graphene application developer Grafoid Inc. Focus is committed to operating in a socially, environmentally and ethically responsible manner.

We seek Safe Harbor.

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