Falcon Energy Materials Pilot Plant Set for Q4 2025 Completion as Three
Falcon Energy Materials plc
Level 7, Al Maryah Tower, Al Maryah Island, Abu Dhabi, United Arab Emirates
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Falcon Energy Materials Pilot Plant Set for Q4 2025 Completion as Three
Potential Customers Commence Sample Qualification Process
PRESS RELEASE FOR IMMEDIATE RELEASE
Abu Dhabi, United Arab Emirates, October 16, 2025 – Falcon Energy Materials plc (TSX-V:
FLCN) (“Falcon” or the “Company”) is pleased to announce significant progress in the construction
of its pilot plant (the “Pilot Plant”) at Jorf Lasfar, near Casablanca , Morocco – a major milestone
positioning Falcon as a leader in developing large-scale, high-purity coated spherical purified graphite
(“CSPG”) for the global battery industry outside of China. First CSPG samples have been produced
in China and three potential customers have commenced their CSPG qualification process.
The Pilot Plant remains firmly on track for completion and commissioning in Q4 2025, marking a key
step towards securing long-term offtake agreements for Falcon’s proposed 25,000 tonnes per annum
(“tpa”) commercial scale anode facility (the “Anode Plant”).
HIGHLIGHTS
• Civil construction works progressing under Open Steel Structure Maroc S.A.R.L (‘’ Open
Steel’’), the Moroccan subsidiary of Open Building Systems of China , leveraging extensive
industrial infrastructure construction expertise.
• Fabrication of structural steel completed, with delivery to site scheduled for late October;
• All major processing equipment installed at Hensen Graphite & Carbon Corporation
(‘’Hensen’’) in China, with shipment to Morocco expected in November 2025;
• First CSPG samples have been produced for three potential customers to initiate large-
scale qualification programs;
• Commissioning of the Pilot Plant remains on schedule for Q4 2025.
Strategic Advantage of the Pilot Plant in Morocco
The Pilot Plant is being developed within the industrial complex of Falcon’s strategic partner
Fluoralpha S.A. (“Fluoralpha”) at Jorf Lasfar – one of Morocco’s most advanced industrial hubs. This
prime and st rategic location offers direct access to world -class port infrastructure, competitive
operating costs, and proximity to both European and North American markets.
Civil construction is advancing steadily, and the completion of the Pilot Plant building, offices and
ancillary infrastructure remains on track for late 2025.
"This Pilot Plant represents a pivotal milestone for Falcon—not just in producing CSPG samples,
but in advancing toward the establishment of a major anode production facility outside China,
positioning us as a key player in the global battery supply chain," stated Matthieu Bos, CEO of
Falcon. "We are confident in the global availability of premium graphite feedstock and are actively
testing several high-quality sources to ensure scalable, reliable supply for our growing operations."
Falcon Energy Materials plc
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Figure 1: Pilot Plant civil construction works at Jorf Lasfar, Morocco
First CSPG Samples Delivered to P rospective
Customers
Falcon has procured and assembled all equipment
necessary to produce large-scale CSPG samples
for potential customers. The Pilot Plant has been
fully commissioned and tested at Hensen’s facility in
China, ensuring optimized performances prior to
shipment of the complete Pilot Plant to Morocco.
Two distinct specifications – tailored to customers’
requirements have been pr oduced, with 50kg
sample batches currently under evaluation by three
major potential customers. Falcon expects to
operate the Pilot Plant throughout October 2025,
ahead of shipment to Morocco in November 2025
for final commissioning.
Figure 2: Filter press inside Pilot Plant in Weihai, China
Falcon Energy Materials plc
Level 7, Al Maryah Tower, Al Maryah Island, Abu Dhabi, United Arab Emirates
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"Our strategic partnership with Hensen
and Fluoralpha extends beyond
construction; it signifies the development
of a comprehensive, resilient industrial
value chain crafted to lead the global
battery market for decades to come," Mr.
Bos added.
Figure 3: Matthieu De Bos, Falcon’s CEO
(5th from left), JD Joly, Falcon’s CFO, with
members from Fluoralpha and Hensen on
site in Morocco.
ABOUT FALCON ENERGY MATERIALS PLC
Falcon Energy Materials plc (TSX -V: FLCN) aims to become a fully integrated supplier of battery
anode materials. The Company’s integrated business model would result in the creation of a mine-to-
market active anode material producer , hosting a large high -purity graphite production mine in the
Republic of Guinea , a nd a value -added, coated spherical purified graphite conversion facility in
Morocco.
With attractive operating costs, proximity to European end-markets and strong ESG credentials, the
Company is poised to become a reliable supplier while promoting sustainability and supply chain
transparency. Falcon is committed to generating sustainable, long-term benefits that are shared with
the host countries and communities where it operates.
For additional information, please visit Falcon’s website at www.falconem.net
Contact:
Matthieu Bos Matt Johnston
President & CEO IR Advisor
Email: [email protected] Email: [email protected]
Telephone: +971 2307 4013
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking information" within the meaning of Canadian securities
legislation and other statements that are not historical facts. Forward-looking statements are included
to provide information about management’s current ex pectations and plans that allow investors and
others to have a better understanding of the Company’s business plans and financial performance
and condition.
All information contained herein that is not clearly historical in nature may constitute forward -looking
information. Generally, such forward -looking information can be identified by the use of forward -
Falcon Energy Materials plc
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looking terminology such as “set”, “potential”, “significant”, “position”, “on track”, “key steps”, “toward”,
“secure”, ““propose”, “progress”, “on schedule”, ”expect”, “initiate”, “advantage”, “offer”, “advance”,
“confident”, “grow”, “prospective”, “ensure”, “signify”, “aim”, “result”, “become”, “commit” or variations
of such words and phrases or state that certain actions, events or results "may", "could", “will”, "would"
or "might". Specific forward-looking statements in this press release include, but are not limited to,
statements and information with respect to: (1) Falcon Pilot Plant being set for Q4 2025 completion;
(2) the potential that the three potential customers actually become Falcon’s customers; (3) the
Company making significant progress in the construction of its Pilot Plant; (4) the milestone
positioning the Company as a leader in the development of large -scale, high purity coated spherical
purified graphite (“CSPG”) for the global battery industry outside of China; (5) the potential customers
completing the CSPG qualification process; (6) the Pilot Plant remaining firmly on track for completion
in Q4 2025; (6) the progress of the Pilot Plant being a key steps towards securing long-term offtake
agreements for Falcon’s 25,000 tpa commercial scale Anode Plant; (7) the commercial Anode Plant
designed for 25,000 tpa CSPG output ; (8) the progress of the civil construction works under Open
Steel; (9) the delivery to site of the structural steel scheduled for late October; ( 10) the shipment of
major processing equipment to Morocco in November 2025; (11) the CSPG samples initiating the
large-scale qualification programs; (12) the commissioning of the Pilot Plant remaining on schedule
for Q4 2025; (1 3) the Pilot Plant in Morocco being a strategic advantage; (14) Jorf Lasfar being
Morocco’s most advanced industrial hub ; (15) Jorf Lasfar offering direct access to world -class port
infrastructure, competitive operating costs and proximity to both European and North American
Markets; (16) the completion of the Pilot Plant building, offices and ancillary infrastructure remaining
on track for late 2025 ; (17) the Pilot Plant representing a pivotal milestone for Falcon in producing
CSPG samples and in the establishment of a major anode production facility outside China; (18) the
Pilot Plant positioning Falcon as a key player in the global battery supply chain ; (19) the global
availability of premium graphite feedstock ; (20) high-quality sources of premium graphite feedstock
ensuring scalable, reliable supply for Falcon’s growing operations; (21) the sufficiency of the procured
and assembled equipment necessary to produce large scale CSPG samples for potential customers;
(22) the production of large-scale CSPG samples ; (23) the commissioning and testing of the Pilot
Plant at Hensen’s facility ensuring optimized performances ; (24) the shipment of the complete Pilot
Plant to Morocco; (25) the results of the evaluation by three major potential customers of 50kg sample
batches; (2 6) the Pilot Plant being in operation throughout October 2025 ; (2 7) the shipment to
Morocco of the Pilot Plant in November 2025 for final commissioning ; (28) the significance of the
partnership with Hensen and Fluoralpha in the development of a comprehensive, resilient industrial
value chain crafted to lead the global battery market for decades to come; (29) Falcon’s aim to become
a fully integrated supplier of battery anode material; (30) the creation of a mine-to-market active anode
material producer through Falcon’s integrated business model; (31) the development of a high-purity
graphite production mine in the Republic of Guinea; (32) the development of a value-added, coated
spherical purified graphite (CSPG) conversion f acility in Morocco; (33) Falcon becoming a reliable
supplier of anode materials ; (3 4) Falcon aim ing to promote sustainability and supply chain
transparency, supported by attractive operating costs, proximity to European end-markets, and strong
ESG credentials; and (35) Falcon’s commitment to generating sustainable, long -term benefits to be
shared with host countries and communities where it operates.
Forward-looking information is based upon certain assumptions and other important factors and
assumptions subject to significant business, geological, economic and competitive uncertainties and
contingencies that, if untrue, could cause the actual results, performance or achievements of the
Company to be materially different from future results, performance or achievements expressed or
implied by such information or statements. There can be no assurance that such information or
statements will prove to be accurate. Key assumptions upon which the Company’s forward -looking
Falcon Energy Materials plc
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information is based include, without limitation, (1) the Company’s capacity to execute on its strategic
and operational plans, including its ability to develop the Pilot Plant and Anode Plant on the anticipated
timeline and budget ; (2) stable political, social, and legal conditions in Morocco and Republic of
Guinea and the absence of significant disruptions affecting operations due to civil unrest, regulatory
changes, or other external factors; (3) that economic and market conditions, including interest rates,
inflation, exchange rates, and commodity prices, remain consistent with current expectations; (4) the
ability of Falcon to secure additional financing or strategic investment on favourable terms, if and
when needed, to fund projects development; and (5) the assumption that no material adverse events
will occur that prevent Falcon from achieving its objective of becoming a fully integrated supplier of
battery anode materials.
Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which
may have been used. Forward -looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, l evel of activity, performance or
achievements of the Company to be materially different from those expressed or implied by such
forward-looking information, including but not limited to: (i) volatile stock price; (ii) the general global
markets and economi c conditions; (iii) the possibility of write -downs and impairments; (iv) the risk
associated with exploration, development and operations of mineral deposits and mine plans for the
Company’s mining operations; (v) the risk associated with establishing title to mineral properties and
assets including permitting, development, operations and production from the Company’s operations
being consistent with expectations and projections; (vi) there being no significant disruptions affecting
the operations of the Co mpany whether due to artisanal miners, access to water, extreme weather
events and other or related natural disasters, labour disruptions, supply disruptions, power
disruptions, damage to equipment or otherwise; (vii) asset impairment (or reversal) potenti al, being
consistent with the Company's current expectations; (viii) the Government of Republic of Guinea’s
ability to revoke the Lola Graphite Project exploitation permit; and (ix) the Company’s ability to defend
the Company’s rights and investment in the Lola Graphite Project. In addition, readers are directed to
carefully review the detailed risks and uncertainties described or referred to in the section entitled
“Risk and Uncertainties” in the Company’s management’s discussion and analysis for the year ended
December 31, 2024, as updated from time to time in the Company’s interim management’s discussion
and analysis for its quarterly financial periods, each of which is filed on SEDAR+ at www.sedarplus.ca.
Although the Company believes its expectations are based upon reasonable assumptions and has
attempted to identify important factors that could cause actual actions, events or results to differ
materially from those described in forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or intended. There can be no assurance
that such forward-looking information will prove to be accurate, as actual results and future events
could differ m aterially from those anticipated in such forward -looking information . Such forward -
looking information has been provided for the purpose of assisting investors in understanding the
Company's business, operations and exploration plans and may not be appropriate for other
purposes. Accordingly, readers should not place undue reliance on forward-looking information.
Forward-looking information is given as of the date of this press release, and the Company does not
undertake to update such forward-looking information except in accordance with applicable securities
laws. The Company qualifies all of its forward-looking statements by these cautionary statements.