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Focus Graphite Inc V.FMS.WT


Primary Symbol: V.FMS Alternate Symbol(s):  FCSMF

Focus Graphite Inc. is a Canada-based advanced exploration company, which is focused on developing high grade flake graphite deposits to supply battery grade graphite. The Company's projects include Lac Knife and Lac Tetepisca. Its flagship Lac Knife Project is a 100% owned, high-grade crystalline flake graphite deposit located in northeastern Quebec, about 27 kilometers (kms) south of Fermont. The Lac Knife project is comprised of the Lac Knife property plus an isolated block of 12 CDC claims located 11 kms to the north of the Lac Knife property on NTS sheet 23B-11 (Montagne-aux-Bouleaux property). Its 100%-owned Lac Tetepisca Graphite Project is located in the Southwest Manicouagan reservoir area of the Cote-Nord region of Quebec, one of North America's leading emerging flake graphite districts. It comprises two contiguous properties, Lac Tetepisca and Lac Tetepisca Nord. Together, the two properties form a block of approximately 126 map-designated claims (total area: 6,785.14 ha).


TSXV:FMS - Post by User

Post by BywrongKon Apr 27, 2019 2:55pm
237 Views
Post# 29679252

Sore in London

Sore in LondonThe dream re building a mine out of Lac Knife is alive...but that's all it is...a dream. The reality of building it died when Don Baxter was fired & Mr Market sold off FMS by $10,000,000+ shortly after that was announced. Was that back in 2015? Sure FMS has raised some flow-thru $$ and spent a bit of that on Lac Knife...but that is now for sale. You should spend some time over at SEDAR.COM, look up Focus Graphite and read the MD&A filed there. There was a disclosure a while back....re JV with the tungsten Co in China.....no JV, after DD the most they planned to to was ...maybe...put some $$ into "a battery Co owned by a subsidiary" or something...as I recall Also disclosed there, was the recommendation to sell all mineral properties. Take that to the AGM & ask how many offers they have received? Believe $18,000,000 has been spent on Lac Knife. Wonder if they can get the $250K they paid for it, back? The above is JMHO from reading MD&A, Financial statements filed on SEDAR.
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