Falcon Energy Materials Plc Announces Private Placement of C$25 Million to Accelerate Project Development

On February 9, 2026, Falcon Energy Materials plc announced a non-brokered private placement of C$25,000,000. The financing consists of 41,666,667 units priced at C$0.60 per unit. Each unit includes one ordinary share and one warrant exercisable at C$0.75 for 36 months. The proceeds are earmarked for the development of the Morocco Anode Plant and general working capital. The CEO, Matthieu Bos, noted support from the largest existing shareholders and "high-profile" new global investors.

This financing is Material - Positive for the following reasons: - Liquidity Buffer: As of September 30, 2025, the company had only C$3.6 million in cash against a 9-month net loss of C$5.56 million. Without this C$25 million raise, the company was facing an imminent liquidity crunch. - Strategic Validation: Attracting C$25 million at C$0.60 (a discount to the recent C$0.70 trading price but in line with the March 2025 raise) suggests institutional support for the Morocco-centric strategy. - Project De-risking: The capital allows Falcon to move beyond the pilot plant phase toward the US$86 million industrial-scale facility. - Countering Guinea Risk: Following the illegal (according to the company) revocation of the Lola Graphite project permit in Guinea in May 2025, the company is shifting from a vertically integrated miner to a midstream processor. This cash facilitates that transition.

Falcon Energy Materials (formerly SRG Mining) is focused on becoming a non-Chinese producer of Coated Spherical Purified Graphite (CSPG) for the lithium-ion battery market. - Flagship Project: The Morocco Anode Plant in Jorf Lasfar. - Phase 1 (Pilot): 100kg/day capacity to provide samples for customer qualification. - Phase 2 (Commercial): 26,000 tonnes per annum (tpa) capacity with an estimated US$86 million CapEx and an NPV8 of over US$1 billion (based on November 2024 PEA).