Resource Estimate
Focus Graphite Announces SEDAR+ Filing of the NI 43-101 Technical Report with the Updated Mineral Resource for the Lac Tetepisca Project
Focus Graphite files expected Lac Tetepisca resource update while Lac Knife permitting and cash burn remain the true catalysts.

Executive Summary
- Focus Graphite Inc. filed the NI 43-101 Technical Report with the updated Mineral Resource Estimate (MRE) for its 100%-owned Lac Tetepisca Project in Quebec.
- The updated MRE defines 120.2 million tonnes of Indicated resources at 10.27% graphitic carbon (Cg) and 24.1 million tonnes of Inferred resources at 9.88% Cg, containing approximately 14.7 million tonnes of in-situ graphite.
- The estimate is based on 150 drill holes totaling 26,095 metres, including a 2022 campaign of 44 holes.
- Economic parameters used a 3.5% Cg cut-off and a US$1,200/tonne average selling price for flake concentrate.
- The company highlighted significant expansion potential through step-out and infill drilling, with next steps focused on metallurgical optimization and engineering studies toward a Preliminary Economic Assessment (PEA).
- This filing formally closes the loop on the preliminary resource announcement made on May 7, 2026.
Material Impact
- The news represents a procedural milestone confirming a previously announced resource update. It validates the scale and grade of Lac Tetepisca but introduces no new operational, financial, or commercial catalysts.
- The resource expansion and high-grade profile were already factored into the company's development narrative and prior market expectations. The filing itself is a routine compliance step under NI 43-101.
- There is no change to the development timeline, funding requirements, or near-term cash flow profile. The market reaction is likely to be muted, as the information is incremental and expected.
- The update reinforces the company's asset base but does not materially alter the risk/reward profile ahead of the next critical milestones: Lac Knife ESIA submission and the PEA for Lac Tetepisca.
FMS · Price
Company Overview
- Focus Graphite Inc. is advancing two 100%-owned graphite projects in Quebec, Canada.
- Lac Knife (Flagship): 29,863 hectares, located 27 km south of Fermont. Features an exceptional 15.4% Cg grade. Feasibility study is complete, and the project is advancing through the Environmental and Social Impact Assessment (ESIA) permitting phase. Dry-stack tailings and hydroelectric grid connection are planned.
- Lac Tetepisca: 6,738 hectares, located 180 km southwest of Lac Knife. Features a 10.7% Cg grade. The updated MRE confirms a large, high-grade resource base. Metallurgical testing and a PEA are the next steps.
- Strategy: The company is positioning itself as a secure, ESG-aligned North American supplier of high-grade natural graphite for battery anodes, defense, aerospace, and advanced materials, leveraging proprietary electrothermal purification technology.
More from Focus Graphite Inc.
Jun 15, 2026 · 05:01