Mr. Dean Hanisch reports
FOCUS GRAPHITE COMPLETES ITS PREVIOUSLY DISCLOSED NON-BROKERED PRIVATE PLACEMENT
On March 7, 2025, Focus Graphite Inc. completed its previously disclosed non-brokered private placement to raise gross proceeds of up to $500,000, following the closing of a second tranche.
The second tranche raised gross proceeds of $50,000 through the issuance of 500,000 units at a price of 10 cents per unit. Each unit consists of one common share in the capital of the company and one non-transferable common share purchase warrant of the company. Each whole warrant will entitle the holder thereof to acquire one common share at an exercise price per warrant share of 20 cents for a period of 36 months from the date of issue.
The common shares, warrants and warrant shares will have a hold period of four months and one day until July 8, 2025.
With closing of the first and second tranches, the company raised an aggregate of $515,000 by issuing 5.15 million units in the offering, which was conditionally approved by the TSX Venture Exchange. The net proceeds of this financing will be used to maintain the company's existing operations and general working capital requirements that include financing the new strategic direction to advance the battery technology and the development and application of advanced materials.
About Focus Graphite Inc.
Focus is an advanced material company developing sustainable mining and technology innovations. At the heart of its operations is the Lac Knife flake graphite deposit, known for its high-purity and grade -- ideal for applications in the military, defence and green energy revolutions. Currently advancing through Canada's mine permitting process, Focus Graphite is on the verge of transforming this resource into a viable supplier of critical mineral.
Its proprietary, environmentally sustainable processing technologies ensure a green, chemical-free pathway in the market. The company's proprietary silicon-enhanced spheroidized graphite patent technology is aimed at improving battery performance. It specializes in producing advanced, high-purity graphite materials tailored for diverse industries, including electric vehicle batteries, military applications and high-technology manufacturing.
Focus Graphite's commitment extends beyond resource extraction. The company is actively seeking partnerships with industry leaders, academic institutions and government bodies to try to accelerate the commercialization of advanced materials and technologies derived from its flagship project. Located in North America, it is proud to contribute and help secure a sustainable critical mineral supply chain that reduces dependency on foreign controlled supply.
We seek Safe Harbor.
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