FCI.V · 2025-11-18 12:00:00

First Canadian Graphite Inc. announces Financings

Corporate Updates

2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8

Phone: (438) 469-0705

#1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6

Phone: (604) 343-7740

Email: info@ﬁrstcanadiangraphite.com

Website: https://www.ﬁrstcanadiangraphite.com/

First Canadian Graphite Inc. announces Financings

Montreal, QC, Nov 18 th, 2025 — First Canadian Graphite Inc. (the “Company”) (TSX-V: FCI | Frankfurt:

BK2) is pleased to announce the following financings:

$225,000 – Hard Dollar

The Company intends to offer up to 1,500,000 units at $0.15 for gross proceeds of up to $225,000. Each unit shall be

comprised of one common share and one warrant exerciseable at $0.20 for two years.

The gross proceeds from the hard dollar financing will be for general working capital. While the Company intends to

spend the proceeds from the financing as stated above, there may be circumstances where, for sound business reasons,

funds may be reallocated at the discretion of the Board.

A finder’s fee may be payable in accordance with the policies of the TSX Venture Exchange .

The closing of the financing is subject to receipt of all necessary regulatory approvals including the TSX Venture

Exchange. The securities issued under the financing will be subject to a hold period ending on the date that is four

months plus one day following the date of issue in accordance with applicable securities laws.

$300,000 – Flow-Through

The Company also intends to offer up to 1,500,000 flow-through units at $0.20 for aggregate gross proceeds of up to

$300,000. Each unit shall be comprised of one flow through common share and one-half (1/2) warrant. Each whole

warrant will entitle the holder to purchase one common share exerciseable at $0.25 for two years.

The gross proceeds from the issuance of flow-through shares will be used for exploration expenses on the Company’s

Berkwood Graphite Project. While the Company intends to spend the proceeds from the financing as stated above,

there may be circumstances where, for sound business reasons, funds may be reallocated at the discretion of the Board.

A finder’s fee may be payable in accordance with the policies of the TSX Venture Exchange .

The closing of the financing is subject to receipt of all necessary regulatory approvals including the TSX Venture

Exchange. The securities issued under the financing will be subject to a hold period ending on the date that is four

months plus one day following the date of issue in accordance with applicable securities laws.

These financings are not part and parcel.

Pessamit Innu First Nation

First Canadian Graphite respectfully acknowledges that the Berkwood Project is located within the traditional territory

of the Pessamit Innu First Nation. The Company is committed to fostering respectful, transparent, and collaborative

relationships with local Indigenous communities throughout the development process.

About the Berkwood Graphite Project

The Berkwood Graphite Project is located within the jurisdiction of Quebec, in the Manicouagan Regional County

Municipality, three hours driving time from the city of Baie -Comeau. Easy access is provided via a major secondary

road and numerous tertiary and forest roads that traverse the property.

The Zone 1 resource lies 8 km southwest of Nouveau Monde’s deposit which has a $3.5 billion NPV on it. The

Companies Zone 1 resource, and that of Nouveau Monde, share many similar geological characteristics, with the Zone

1 resource being of exceptionally high grade and coarse flake size by global standards.

The current mineral resource at the Berkwood Graphite Project includes in-pit constrained resource totalling 1,755,300

tonnes of indicated resources at 17.00 % Cgr and 1,526,400 tonnes in inferred resources at 16.39 % Cgr.

Table 2: In-pit Resource at Lac Gueret South Project (rounded numbers)

Current Resources (as of June 17th, 2019)

Minerals Resources