Focus Graphite Closes Non-Brokered Private Placement

Press Release

Ottawa, ON November 26, 2024 – Focus Graphite Inc. (TSXV:FMS) (“Focus” or the “Company”) announced today that on November 15, 2024 it completed its previously disclosed non-brokered private placement (the “Offering”) following the closing of a second tranche.

The second tranche raised gross proceeds of $52,500 through the issuance of 700,000 units (the “Units”) at a price of $0.075 per Unit. Each Unit consists of one common share (a “Common Share”) in the capital of the Company and one non-transferable common share purchase warrant (a “Warrant”) of the Company. Each whole Warrant will entitle the holder thereof to acquire one Common Share (a “Warrant Share”) at an exercise price per Warrant Share of $0.10 for a period of 36 months from the date of issue.

The Company paid a finder’s fee of $1,575 and issued 21,000 finders warrant (the “Finders Warrants”). Each Finders Warrants entitles the finder to purchase one Warrant Share for a period of 36 months from the date of issue at a price of $0.10 per Warrant Share.

The Common Shares, Warrants, Finders Warrants and Warrant Shares will have a hold period of four months and one day until March 16, 2025.

With closing of the first and second tranches, the Company raised an aggregate of $452,500 and issued 6,033,336 Units in the Offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Focus Graphite

Focus Graphite Inc. is an advanced exploration company with an objective of producing flake graphite concentrate at its wholly owned Lac Knife flake graphite deposit located 27 km south of Fermont, Québec. In a second stage, to meet Quebec stakeholder interests of transformation within the province and to add shareholder value. Focus is evaluating the feasibility of producing value added 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 a significant equity position in graphene applications developer Grafoid Inc.

For more information, please visit www.focusgraphite.com or contact:

Judith Mazvihwa-MacLean
CFO
(613) 581-4040
jmazvihwa@focusgraphite.com

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