Focus Graphite Announces SEDAR+ Filing of the NI 43-101 Technical Report with the Updated Mineral Resource for the Lac Tetepisca Project Ready to Announce with Confidence?
Ottawa, Ontario--(Newsfile Corp. - June 22, 2026) - Focus Graphite Inc. (TSXV: FMS) (OTCQB: FCSMF) (FSE: FKC0) ("Focus" or the "Company"), a Canadian developer of high-grade flake graphite deposits and advanced graphite materials for battery, defence, and industrial applications, is pleased to announce that it has filed the report on SEDAR+ for the upgraded mineral resource estimate ("MRE") on its 100%-owned Lac Tetepisca Project (the "Project") in Quebec. The Project lies within the Nitassinan (ancestral land) of the Pessamit Innu First Nation of Betsiamites, Quebec. The MRE was completed pursuant to the requirements of National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").
Highlights
IOS Geosciences Inc. ("IOS"), a leading Quebec-based geological consulting firm was retained to produce a mineral resource estimate update and prepare a technical report (the "Technical Report"). The Technical Report is available on the Company's website and on the Company's SEDAR+ profile at http://www.sedarplus.ca.
The MRE update was completed by IOS, using results from 150 drill holes totalling 26,095 metres, and including 2022 campaign results recently reported and totalling 9,628 metres from 44 drill holes.
The MRE update for the Project is based on 150 inclined and sub-vertical diamond drill holes performed between 2014 and 2022 on the Manicouagan-Ouest Graphitic Corridor ("MOGC") and South-West MOGC ("SW-MOGC") graphite prospect, totalling of 26,095 metres. Focus discovered the MOGC prospect in July 2012 while conducting reconnaissance geological mapping, prospecting, and trenching on the Property. The MOGC is defined by a 2-kilometre linear Magnetic (MAG) and Electromagnetic (EM) anomaly that trends N035°. Drilling was conducted on a 1.5 km long segment of the MOGC following 300 m long drilling lines oriented N305° and spaced 100 m, 50 m, or 25 m apart.
* See notes 1,2,3,4,5,6,7,8,9,10,11,12,13,14,15
Notes
"This updated resource estimate represents a major milestone for Focus Graphite and further validates Lac Tetepisca as one of the largest identified graphite deposits globally," said Dean Hanisch, Chief Executive Officer of Focus Graphite. "With approximately 14.7 million tonnes of contained in-situ graphite, the Project combines exceptional scale with a high-grade resource profile and remains open for expansion both along strike and at depth. The current resource is based on only a portion of the broader mineralized system, highlighting the significant opportunity for future growth through additional exploration and resource definition.
With this important resource update now complete, our focus will shift toward advancing metallurgical optimization, process flowsheet development, and engineering studies designed to further unlock and quantify the value of the Project. We believe these initiatives will help position Lac Tetepisca for advancement toward a Preliminary Economic Assessment over the coming year and further demonstrate its potential to become a strategically important source of graphite supply for North America and its allies."
Next Steps
With the updated MRE now complete, Focus intends to advance the next phase of technical development at Lac Tetepisca, including metallurgical optimization, process flowsheet development, and engineering studies. These initiatives are expected to support advancement toward a Preliminary Economic Assessment ("PEA") and help quantify the economic potential of one of the largest identified graphite deposits globally. Together with the Company's Lac Knife Project and downstream technology initiatives, Lac Tetepisca forms a key component of Focus' strategy to build an integrated Canadian graphite and advanced materials platform serving North American and allied supply chains.
Qualified Person
The technical content disclosed in this news release was reviewed and approved by Rejean Girard, P.Geo (Qc), President of IOS Geosciences Inc., a consultant to the Company, and a qualified person as defined under National Instrument NI 43-101.
About Focus Graphite Advanced Materials Inc.
Focus Graphite Advanced Materials is redefining the future of critical minerals with two 100% owned world-class graphite projects and cutting-edge battery technology. Our flagship Lac Knife project stands as one of the most advanced highest-purity graphite deposits in North America, with a fully completed feasibility study and near-completed environmental assessment study. Lac Knife is set to become a key supplier for the battery, defence, and advanced materials industries.
Our Lac Tetepisca project further strengthens our portfolio, with the potential to be one of the largest and highest-purity and highest-grade graphite deposits in North America. Graphite mineralization at Lac Tetepisca is very similar to that of Lac Knife, forecasting similar behaviour in the concentration and purification processes. At Focus, we go beyond mining - we are pioneering environmentally sustainable processing solutions and innovative battery technologies, including our patent-pending silicon-enhanced spheroidized graphite, designed to enhance battery performance and efficiency.
Our commitment to innovation ensures an eco-friendly supply chain from mine to market. Collaboration is at the core of our vision. We actively partner with industry leaders, research institutions, and government agencies to accelerate the commercialization of next-generation graphite materials. As a North American company, we are dedicated to securing a resilient, locally sourced supply of critical minerals - reducing dependence on foreign-controlled markets and driving the transition to a sustainable future.
For more information on Focus Graphite Inc. please visit http://www.focusgraphite.com
LinkedIn: https://www.linkedin.com/company/focus-graphite/
Facebook: https://www.facebook.com/focusgraphite
X: https://x.com/focusgraphite
Investors Contact:
Dean Hanisch
CEO, Focus Graphite Inc.
dhanisch@focusgraphite.com
+1 (613) 612-6060
Jason Latkowcer
VP Corporate Development
jlatkowcer@focusgraphite.com
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could," "intend," "expect," "believe," "will," "projected," "estimated," and similar expressions, as well as statements relating to matters that are not historical facts, are intended to identify forward-looking information and are based on the Company's current beliefs or assumptions as to the outcome and timing of such future events.
In particular, this press release contains forward-looking information regarding, among other things, the results and implications of the updated mineral resource estimate for the Lac Tetepisca Project; the potential for expansion of the mineral resources through additional exploration, step-out and infill drilling programs; the potential for future mineral resource estimate updates; the incorporation of AI-enabled in-situ graphite flake characterization technology into future mineral resource estimates; the publication of acid-buffering capacity test results and the potential use of dolomitic marble material for acid generation mitigation; the advancement of metallurgical optimization, process flowsheet development, engineering studies, and other technical work programs; the advancement of the Project toward a Preliminary Economic Assessment; the potential economic significance of the Project; the future development of the Lac Tetepisca Project and its potential to become a strategically important source of graphite supply for North America and allied jurisdictions; the Company's strategy of developing an integrated Canadian graphite and advanced materials platform through the advancement of its Lac Tetepisca and Lac Knife projects and downstream technology initiatives; and the Company's plans to further evaluate and advance the Project through exploration, metallurgical testing, engineering studies, economic assessments, permitting activities, and downstream processing opportunities.
Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to, risks related to market conditions, regulatory approvals, changes in economic conditions, the ability to raise sufficient funds on acceptable terms or at all, operational risks associated with mineral exploration and development, and other risks detailed from time to time in the Company's public disclosure documents available under its profile on SEDAR+.
The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties, and assumptions contained herein, investors should not place undue reliance on forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302318
Source: Focus Graphite Inc.
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