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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

Comment by Go0B3ron Jan 18, 2021 1:41am
378 Views
Post# 32317566

RE:RE:RE:RE:financing

RE:RE:RE:RE:financingI don't think you can expect a conversation going on between a "consortium" of 6 companies regarding the financing of Lac Knife as news.  If they had a legally binding document of sorts or even a LOI from these companies it would be a different story, otherwise it's not news worthy and could even be seen as "fluff".  I do however get the frustration, especially if you unknowingly sold your shares at the lows of last year and just came across this information.

As per the corporate presentation, under the Lac Knife 2021 goals “Ongoing discussions with a six-party consortium related to Lac Knife project financing”.  Should talks turn into more, a news release will for sure come out of it.


Harley103 wrote: I have verification that the company did indeed procure $140 mill
of the $166 mill Capex with a $17 mil contingency. Can anyone 
here make any sense as to why they didn't put out a NR on this 
relevant news.


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