Focus Graphite Inc 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).

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Focus Graphite Inc > Some FMS facts

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Post by youknowwhaton Feb 08, 2023 8:12am

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Post# 35273864

Some FMS facts

September 30, 2022 from Yahoo financial statements.

Current Assets $3,295,000 plus on December 29 they closed a financing in amount of $842,616 giving them a total of $4,137,616.

Current liabilities as of September 30 $6.028,000.

They will need $1,890,384 in additional financing to meet current obligations. Looks like more shares will be issued unless Mr. York loans the company some money.

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