32
submitted 16 hours ago by Scotty@scribe.disroot.org to c/canada@lemmy.ca

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  • Focus Graphite's Lac Knife project in Quebec features 15% graphitic carbon content, approximately 3x higher than the industry average of 3-5%, providing significant cost advantages in a North American operating environment
  • The company has secured $14 million in non-dilutive funding from Natural Resources Canada's Global Partner Initiative, with total cash position of $18 million and minimal near-term dilution requirements
  • At $236 million capex for a 27-year mine life producing 50,000 tons annually, the project represents a fraction of typical critical mineral development costs, with potential for substantial debt financing coverage
  • Focus is developing specialty large-flake graphite for military, defense, and aerospace applications, leveraging unique purification technology that preserves flake integrity without chemicals
  • The company is in final stages of environmental permitting (ESIA completion expected within 3-4 months) and has already demonstrated material in missile applications, positioning for production in 2-3 years

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this post was submitted on 13 Feb 2026
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