Northwire Canada EditionWednesday, November 11, 2026
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Gold 3,993.60 −0.9% Silver 51.84 +1.2% Copper 6.27 +0.6% Oil 86.92 +1.0% Palladium 1,038.75 +1.8% TNR 0.410 +36.7% ORCL 0.030 +0.0% ELD 48.57 −3.7% OPW 0.140 −6.7% CDE 21.60 −0.5% AEM 267.04 −1.3% WDO 27.98 −1.2% BEA 0.090 +0.0% GAU 3.45 −3.1% BTO 7.45 −1.3% IMG 26.10 −0.9% BOL 0.055 −8.3% CNT 0.030 +0.0% EXN 0.245 −1.0% MNRG 0.075 +0.0% GSKR 2.79 −2.8% Gold 3,993.60 −0.9% Silver 51.84 +1.2% Copper 6.27 +0.6% Oil 86.92 +1.0% Palladium 1,038.75 +1.8% TNR 0.410 +36.7% ORCL 0.030 +0.0% ELD 48.57 −3.7% OPW 0.140 −6.7% CDE 21.60 −0.5% AEM 267.04 −1.3% WDO 27.98 −1.2% BEA 0.090 +0.0% GAU 3.45 −3.1% BTO 7.45 −1.3% IMG 26.10 −0.9% BOL 0.055 −8.3% CNT 0.030 +0.0% EXN 0.245 −1.0% MNRG 0.075 +0.0% GSKR 2.79 −2.8%
Financings

First Canadian closes $2.76-million private placement

By The Northwire Desk — AI Analysis Feb 06, 2026 · 19:54 FCI · 0.345 First Canadian Graphite Inc.
FCI · Price

Executive Summary

  • First Canadian Graphite Inc. has closed a private placement offering of 9,227,000 units, raising gross proceeds of $2,768,100.
  • The offering was oversubscribed by $168,100, with each unit consisting of one common share and one-half warrant.
  • Proceeds are designated for general working capital and an exploration/drill program on the Berkwood graphite project in Northern Quebec.

Key Details

  • Transaction Structure: 9,227,000 units issued at $0.30 per unit.
  • Gross Proceeds: $2,768,100.00.
  • Oversubscription: The offering was oversubscribed by $168,100.
  • Warrant Terms: Each unit includes one-half warrant. Each whole warrant entitles the holder to purchase one common share at an exercise price of $0.50 for a period of two years.
  • Use of Proceeds: General working capital and an exploration and drill program on the Berkwood graphite project in Northern Quebec. Funds may be reallocated at the Board's discretion for sound business reasons.
  • Insider Participation: Three insiders subscribed for an aggregate of 270,000 units. This constitutes a related-party transaction under Multilateral Instrument 61-101 but is exempt from formal valuation and minority shareholder approval requirements as the value does not exceed 25% of market capitalization.
  • New Insider: A new insider position was created via an investor subscribing for 750,000 units.
  • Finder’s Fees: $38,802.02 in cash and 125,440 finder warrants (exercisable at $0.50 for two years) were agreed upon.
  • Regulatory Status: The company will apply to the TSX Venture Exchange for approval to close the financing and issue securities.
  • Hold Period: Securities are subject to a hold period ending four months plus one day following the date of issuance, plus applicable U.S. resale restrictions.

Notable Quotes

  • None provided in the text.
Read the original news release →

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