Northwire Canada EditionWednesday, November 11, 2026
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Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1%
Financings

First Canadian Graphite Inc. Closes Financing - $2,801,874.00

First Canadian Secures Survival Capital to Fund Quebec Graphite Exploration

By The Northwire Desk — AI Analysis Feb 17, 2026 · 17:40 FCI · 0.36 First Canadian Graphite Inc.
Executive Summary

On February 17, 2026, First Canadian Graphite Inc. (FCI) announced the closing of a private placement for gross proceeds of $2,801,874. The company issued 9,339,580 units at a price of $0.30 per unit. Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant exercisable at $0.50 for 24 months. Insiders participated for 270,000 units. The proceeds are earmarked for general working capital and a drill program at the Berkwood Graphite Project in Quebec. This follows a February 6 announcement where the financing was described as oversubscribed.

Material Impact

This financing is a material positive for the company's immediate survival but carries significant cautionary notes for shareholders.

  • Survival and Liquidity: As of the November 30, 2025, financial statements, the company was in a dire state with only $56,862 in cash and a working capital deficit of $654,767. Without this $2.8M injection, the company was facing an existential liquidity crisis.
  • Project Advancement: The capital allows the company to move beyond "paper-based" updates and actually execute the Spring/Summer 2026 drill program mentioned in previous releases. This is the first significant exploration capital the company has held in several quarters.
  • Valuation and Dilution: The financing was done at $0.30, which was below the market price at the time of closing ($0.39), though higher than the $0.08–$0.15 levels seen in late 2025. The issuance of 9.3 million shares on a base of approximately 25.6 million shares (prior to recent tranches) represents a massive ~36% dilution of existing equity.
  • Investor Confidence: The fact that the placement was oversubscribed suggests growing appetite for North American graphite plays, likely spurred by the October 2025 news regarding Chinese export controls.
FCI · Price
Company Overview

First Canadian Graphite (formerly Green Battery Minerals) is focused on the Berkwood Graphite Project in the Manicouagan Regional County Municipality of Quebec. - Flagship Project: Berkwood Graphite Project (Zone 1 and newly expanded Zone 3). - Proximity: The project is adjacent to Nouveau Monde Graphite’s Uatnam project, which provides a significant geological "neighborhood" advantage. - Resource: A 2019 estimate (now considered aged) reported 1.76 Mt Indicated at 17.0% Cgr and 1.53 Mt Inferred at 16.4% Cgr. This is exceptionally high grade by global standards.

Read the original news release →

More from First Canadian Graphite Inc.

Nov 04, 2026 · 07:00

First Canadian Graphetre secures $2m flow-through financing to fund a 20,000m drill program at the lac guéret south project.

Financings Oct 27, 2026 · 07:00

First Canadian Graphite has secured Quebec permit approval to commence a 20,000 metre drill program at its Lac Guéret South project.

Drill Results Oct 23, 2026 · 07:00

First Canadian Graphette secures a $5m capital stack to fund a 20,000m drill program at the Lac Guéret South project.

Financings Oct 21, 2026 · 07:00

First Canadian Graphite raises $3m to fund lac guéret south drilling and extends warrant acceleration.

Financings Sep 22, 2026 · 07:00

First Canadian Graphite expands the Zone 13 conductive system ahead of planned fall drilling at its project.

Drill Results Aug 20, 2026 · 08:00

First Canadian Graphite expands Lac Guéret South Zone 13 to 3.3km strike with 43.4% Cg ahead of planned fall drilling.

Drill Results