Northwire Canada EditionFriday, July 10, 2026
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TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
Drill Results Routine +

First Canadian Graphite Launches 2026 Lac Gueret South Exploration Program

First Canadian Graphite advances its fully funded Lac Guéret South exploration program, targeting fall drilling to expand the high-grade resource base.

By The Northwire Desk — AI Analysis Jun 16, 2026 · 08:59 FCI · 0.3 First Canadian Graphite Inc.
Executive Summary
  • First Canadian Graphite is finalizing its inaugural field exploration program at the Lac Guéret South Project (formerly Berkwood) in Quebec.
  • The campaign is structured in two sequential phases: Phase I focuses on ground truthing, geological mapping, and sampling using Beep Mat instruments to validate heliborne EM conductors. Phase II involves mechanical stripping and channel sampling to finalize drill targets.
  • Fieldwork will culminate in a comprehensive diamond drilling program scheduled for late fall 2026.
  • The drilling aims to test down-dip depth and lateral continuity to expand the project's resource base.
  • The company highlights an existing NI 43-101 resource for Zone 1: 1.76 million tonnes indicated at 17% Cg and 1.53 million tonnes inferred at 16.4% Cg.
  • Management confirms the project is fully funded through 2026, with total investments exceeding $10 million to date.
  • Executive team conducted a site visit to assess port facilities, mining support services, and engage with local stakeholders.
Material Impact
  • The June 16 announcement is a direct follow-up to the May 20, 2026 airborne survey results, which identified numerous high-priority conductive anomalies across seven zones.
  • The launch of the field program and fall drilling timeline aligns precisely with management's previously communicated exploration roadmap.
  • There are no new surprises or unexpected catalysts; the news confirms execution capability and project momentum.
  • The confirmation of full funding through 2026 mitigates near-term dilution risk, though the company's cash position remains tight (see Capital Structure section).
  • The impact is incremental and expected, reinforcing the company's exploration thesis without altering the fundamental valuation or risk profile.
FCI · Price
Company Overview
  • First Canadian Graphite Inc. is an exploration-stage company focused on the Lac Guéret South Project (formerly Berkwood Graphite Project) in the Manicouagan region of Quebec.
  • The project features an expanded 167 km² claim package, making it one of the largest landholders in the Télépisca Graphite District.
  • The flagship Zone 1 resource contains 1.76 Mt indicated at 17% Cg and 1.53 Mt inferred at 16.4% Cg.
  • The project benefits from proximity to all-season roads, regional rail, and the deep-water Port de Baie-Comeau, positioning it within ~4 hours of North American and international markets.
  • Metallurgical testing by Volt Carbon Technologies has shown high graphitic carbon content (6.43%-39.66%) with >85% of flakes larger than 80 mesh, supporting the potential for large-flake graphite applications.
  • The company is advancing toward a PEA and has engaged with potential partners for high-value downstream applications.
Read the original news release →

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