Focus Graphite Announces One of the Largest Identified Graphite Deposits Globally at the Lac Tetepisca Project Updated Lac Tetepisca Mineral Resource Estimate Highlights Significant Scale and Grade with 120,163 kt Indicated at
Focus Graphite Announces One of the Largest
Identified Graphite Deposits Globally at the
Lac Tetepisca Project
Updated Lac Tetepisca Mineral Resource Estimate Highlights
Significant Scale and Grade with 120,163 kt Indicated at
10.27% Cg and 24,143 kt Inferred at 9.88% Cg
Ottawa, Ontario--(Newsfile Corp. - May 7, 2026) -
Focus Graphite Inc. (TSXV: FMS) (OTCQB:
FCSMF) (FSE: FKC0)
("
Focus
" or the "
Company
"), a Canadian developer of high-grade flake
graphite deposits and advanced graphite materials for battery, defence, and industrial applications, is
pleased to announce its upgraded mineral resource estimate ("
MRE
") on its 100%-owned Lac
Tetepisca Project (the "
Project
") in Quebec. The MRE was completed pursuant to the requirements of
National Instrument 43-101 -
Standards of Disclosure for Mineral Projects
("
NI 43-101
").
Highlights
One of the Largest Identified Graphite Deposits Globally:
This new mineral resource estimate
includes 120,163 ktonnes of Indicated Mineral Resources at 10.27% Cg and 24,143 ktonnes of
Inferred Mineral Resources at 9.88% Cg (see table below for additional details regarding the
calculation of the MRE and the average Cg grades for the Indicated and Inferred Mineral
Resources).
High-Grade Mineral Resources:
Estimates were calculated using a conservative 3.5% Cg cut-
off grade and a US$1,200 per tonne average selling price for graphite concentrate.
Significant Expansion Potential:
Opportunities exist through step-out and infill drilling to extend
the deposit to the southwest and at greater depths, as well as through drill testing of numerous
additional geophysical anomalies.
AI-Enabled Characterization Technology:
Novel, low-cost AI-enabled in situ graphite flake
characterization technology is expected to be incorporated into a future MOGC mineral resource
update.
Potential Acid generation Mitigation Materials:
Dolomitic marble from the hanging wall has
been included within the resource shell and may be used to mitigate acid generation within the
tailings storage facility. Acid buffering capacity results are expected to be published in the coming
months.
IOS Geosciences Inc. ("
IOS
"), a leading Quebec-based geological consulting firm was retained to
produce a mineral resource estimate update and prepare a technical report (the "Technical Report").
The Technical Report will contain the full results of the Company's drill program and a mineral resource
estimation update. Pursuant to NI 43-101, the Company will file the Technical Report within forty-five (45)
days of the date hereof on the Company's SEDAR+ profile at
http://www.sedarplus.ca
.
The MRE update was completed by IOS, using results from 150 drill holes totalling 26,095 metres, and
including 2022 campaign results recently reported and totalling 9,628 metres from 44 drill holes.
The MRE update for the Project is based on 150 inclined and sub-vertical diamond drill holes performed
between 2014 and 2022 on the Manicouagan-Ouest Graphitic Corridor ("
MOGC
") and South-West
MOGC ("
SW-MOGC"
) graphite prospect, totalling of 26,095 metres. Focus discovered the MOGC
prospect in July 2012 while conducting reconnaissance geological mapping, prospecting, and trenching
on the Property. The MOGC is defined by a 2 kilometre linear Magnetic (MAG) and Electromagnetic
(EM) anomaly that trends N035°. Drilling was conducted on a 1.5 km long segment of the MOGC
following 300 m long drilling lines oriented N305° and spaced 100 m, 50 m, or 25 m apart.
Table 1: Mineral Resources (at 3.5% Cg Cut-Off) - MOGC, Lac Tetepisca Project
Mineral Resource Category
Tonnes (kt)
Graphitic Carbon
(%)
In-Situ Graphite (kt)
Measured*
-
-
-
Indicated*
120,163
10.27
12,345
Total Measured and Indicated*
120,163
10.27
12,345
Inferred*
24,143
9.88
2,386
* See notes 1,2,3,4,5,6,7,8,9,10,11,12,13,14,15
Notes
1
.
These mineral resources are not mineral reserves as they do not have demonstrated economic viability. The MRE follows
current CIM Definition Standards (2014) and CIM MRMR Best Practice Guidelines (2019). A technical report supporting the
MRE will be filed within 45 days in accordance with NI 43-101. The results are presented undiluted and are considered to
have reasonable prospects for eventual economic extraction ("RPEEE").
2
.
The independent and qualified persons ("QPs") for the mineral resource estimate, as defined in NI 43-101, are Jean-Michel
Dubé, P.Geo. from IOS Geosciences and Alexandre Burelle, P.Eng., from Evomine Consulting. The effective date is April 30th,
2026.
3
.
The estimate includes four (5) variably mineralized domains and one (1) dilution envelope modeled using LeapFrog Geo
and interpolated using LeapFrog Edge.
4
.
2.0 m composites were calculated within the mineralized zones using the grade of the adjacent material when assayed or a
value of zero when not assayed.
5
.
High-grade capping on composites (supported by statistical analysis) was set at 27% Cg in the MOGC zone and 8.5% Cg in
the SW-MOGC zone. Outlier capping restriction was set at 16% Cg for composites in the MOGC zone that are situated further
than 50% the maximum interpolation distances.
6
.
The estimate was completed using a rotated block model (N030°) in Leapfrog Edge, with a parent block size of 5m x 10m x 5m
(X, Y, Z) and a sub-block size of 2.5m x 5m x 2.5m (X, Y, Z).
7
.
Grade interpolation was obtained by Inverse Distance Squared (ID2) methodology using hard boundaries.
8
.
Density values are interpolated and blocks that are not interpolated were assigned their lithology average value.
9
.
Mineral resources were classified as Indicated and Inferred. Indicated resources are defined with a minimum of three (3)
drill holes in areas where the closest composite is situated less than 90 m away from the block centroid and Inferred
resources with two (2) drill holes in areas where the closest composite is situated less than 135 m away from block centroids
and there is reasonable geological and grade continuity.
10
.
It is the QP's opinion that the current classification used is adequate and reliable for this type of mineralization and
mineral resource estimate.
11
.
The MRE is pit constrained. There are no out-pit resources meeting the RPEEE requirement.
12
.
The RPEEE requirement is satisfied by applying a cut-off grade based on reasonable economic parameters and constraining
volumes. The potential open pit (OP) of the 2026 MRE is locally constrained by a surface optimized with the pseudo-flow
algorithm in Deswik using a cut-off grade of 3.5%Cg. The following parameters were considered: mining cost = CA$6.00/t
mined; processing cost = CA$35.00/t processed; G&A cost = CA$10.00/t processed; concentrate transportation cost = CA$200/t
conc.; Cg Price = US$1,200/t conc.; CAD/USD exchange rate = 1.38; overburden slope angle = 25°; rock slope angle = 50°;
concentrator recovery = 86.6%, concentrate grade = 96.4%.
13
.
The number of metric tonnes was rounded to the nearest thousand, following the recommendations in NI 43-101. The metal
contents are presented in tonnes (tonnes x grade) rounded to the nearest thousand. Any discrepancies in the totals are due to
rounding effects.
14
.
The QPs are not aware of any known environmental, permitting, legal, title-related, taxation, socio-political, or marketing
issues or any other relevant issue not reported in the Technical Report that could materially affect the Mineral Resources
Estimate.
15
.
No mineral reserves have been established for the Lac Tetepisca Project.
Table 2: Sensitivity Analysis
Mineral Resource Category
Measured
Indicated
Inferred
Cut
Off
(Cg)
Tonnes (kt)
Graphitic
Carbon (%)
In-Situ
Graphite (kt)
Tonnes (kt)
Graphitic
Carbon (%)
In-Situ
Graphite (kt)
Tonnes (kt)
Graphitic
Carbon (%)
In-Situ
Graphite
(kt)
Base
Case
3.5%
-
-
-
120,163
10.27
12,345
24,143
9.88
2,386
7.0%
-
-
-
81,026
12.64
10,243
16,775
11.85
1,987
10.0%
-
-
-
54,656
14.70
8,037
10,554
13.87
1,464
13.0%
-
-
-
35,627
16.46
5,864
5,999
15.78
946
"This updated mineral resource at Lac Tetepisca represents a transformative milestone for Focus
Graphite," commented Dean Hanisch, Chief Executive Officer of Focus Graphite. "To be a credible and
serious alternative source of supply to China, particularly in building a secure domestic North American
supply chain, projects must demonstrate scale, size, and grade. Lac Tetepisca delivers on all three.
While operating costs in Canada are inherently higher than in China, grade is the key equalizer, and the
grade and scale we are demonstrating here are critical differentiators. Graphite is an industrial mineral,
and qualifying a new supply requires significant time and effort to fully characterize the material, making
switching unattractive. This is why deposits of this scale are generational, and we believe Lac
Tetepisca's size and grade justify that transition while reinforcing our position as a long-term North
American supplier."
Jason Latkowcer, Vice President of Corporate Development, commented, "Supply chains are being
redefined by control and reliability. With Lac Knife and Lac Tetepisca, we are building a domestic
platform capable of delivering high-grade graphite at scale, aligned with North American and allied
energy and defence priorities."
Figure 1: 2026 MRE Resource Block model of the Lac Tetepisca Project
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1963/296420_1b20bbb0444f2a88_001full.jpg
Qualified Person
The technical content disclosed in this news release was reviewed and approved by Rejean Girard,
P.Geo (Qc), President of IOS Geosciences Inc., a consultant to the Company, and a qualified person as
defined under National Instrument NI 43-101.
Data Verification
Vast majority of raw data, including drilling and assaying, were available to the author as a coherent and
validated database, built and maintained by the contractor through the years. Rigorous logging and
assaying procedure were maintained throughout all the drill programs. Data used for the current MRE
have undergone a comprehensive verification process to ensure accuracy and reliability. The verification
procedures were conducted by qualified professionals with relevant expertise in geological and mining
disciplines. They were overseen by the Qualified Person.
QA/QC Procedures
Identical assaying procedure as well as Quality assurance and quality control (QA/QC) procedures were
maintained throughout the various drill programs, in coherence with the Lac Knife sister project.
Thorough laboratory proficiency analyses were conducted in 2010-2012 on Lac Knife samples, and
internal reference material was then manufactured and used throughout both Lac Knife and Lac
Tetepisca QAQC programs. During 2012, 2014, 2018 and apart of 2021 program, COREM laboratory
from Québec City has been used for routine assays. Activation Laboratories from Ancaster, ON, was
used on 10% interlaboratory for cross-checks purpose. For half of 2021 samples, these two laboratories'
roles were inverted.
Aside of inter-laboratories duplicates, certified reference materials, internal
reference materials and blanks were regularly inserted, and used to monitor result accuracy and
precision. Total carbon, organic carbon and inorganic carbon analysis were performed on 10% of the
samples, certifying that the routine assays were only reporting graphitic carbon. The same 10% of
samples were also submitted for trace metal analysis, in anticipation of future environmental studies.
They were subjected to their own QA/QC procedure. Re-assays and validation analysis were requested
whenever deviations were noted.
MRE Validation
Multiple validation approaches were taken. Block volume estimates for each mineralized zone were
compared to the 3D wireframe models. Block grades, composite grades and assays were visually
compared on sections, plans and longitudinal views for both densely and sparsely drilled areas and no
significant differences were observed. There is a good match observed in the grade distribution. The
trend and local variation of the estimated inverse distance squared (ID2) interpolation were compared to
ordinary kriging (OK) and nearest-neighbor (NN) interpolation using swath plots (North, East, Elevation,
Northeast).
Geological Complexity:
The property's geological setting is quite simple but may still pose challenges in terms of interpretation
and validation. Unknown geological structures and mineralization patterns could introduce uncertainties
despite validation efforts.
It is crucial to note that, despite these limitations, every effort has been made to minimize potential
biases and inaccuracies in the data. Qualified Persons have exercised their professional judgment to
mitigate these limitations and ensure the reliability of the information presented in this report.
About Focus Graphite Advanced Materials Inc.
Focus Graphite Advanced Materials is redefining the future of critical minerals with two 100% owned
world-class graphite projects and cutting-edge battery technology. Our flagship Lac Knife project stands
as one of the most advanced highest-purity graphite deposits in North America, with a fully completed
feasibility study and near-completed environmental assessment study. Lac Knife is set to become a key
supplier for the battery, defence, and advanced materials industries.
Our Lac Tetepisca project further strengthens our portfolio, with the potential to be one of the largest and
highest-purity and highest-grade graphite deposits in North America. Graphite mineralization at Lac
Tetepisca is very similar to that of Lac Knife, forecasting similar behaviour in the concentration and
purification processes. At Focus, we go beyond mining — we are pioneering environmentally
sustainable processing solutions and innovative battery technologies, including our patent-pending
silicon-enhanced spheroidized graphite, designed to enhance battery performance and efficiency.
Our commitment to innovation ensures an eco-friendly supply chain from mine to market. Collaboration is
at the core of our vision. We actively partner with industry leaders, research institutions, and government
agencies to accelerate the commercialization of next-generation graphite materials. As a North
American company, we are dedicated to securing a resilient, locally sourced supply of critical minerals
— reducing dependence on foreign-controlled markets and driving the transition to a sustainable future.
For more information on Focus Graphite Inc. please visit
http://www.focusgraphite.com
.
LinkedIn:
https://www.linkedin.com/company/focus-graphite/
X:
https://x.com/focusgraphite
Investors Contact:
Dean Hanisch
CEO, Focus Graphite Inc.
+1 (613) 612-6060
Jason Latkowcer
VP Corporate Development
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking information. These
statements relate to future events or future performance. The use of any of the words "could," "intend,"
"expect," "believe," "will," "projected," "estimated," and similar expressions, as well as statements
relating to matters that are not historical facts, are intended to identify forward-looking information and
are based on the Company's current beliefs or assumptions as to the outcome and timing of such
future events.
In particular, this press release contains forward-looking information regarding, among other things,
the results of the updated mineral resource estimate for the Lac Tetepisca Project, including the
quantity and grade of mineral resources; the potential for expansion of the mineral resource through
additional drilling, including step-out and infill programs; the timing, completion, and filing of the
related technical report in accordance with National Instrument 43-101; the assumptions underlying
the mineral resource estimate, including commodity prices, cut-off grades, and geological
interpretations; the potential for future mineral resource updates; the advancement of environmental
studies and permitting processes; the potential development of the Project and its ability to become a
significant supplier of graphite; and the Company's plans to further evaluate and develop the Project,
including metallurgical testing, engineering studies, and downstream processing opportunities.
Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors
that may cause actual results, performance, or achievements to differ materially from those expressed
or implied by such statements. These risks and uncertainties include, but are not limited to, risks
related to market conditions, regulatory approvals, changes in economic conditions, the ability to
raise sufficient funds on acceptable terms or at all, operational risks associated with mineral
exploration and development, and other risks detailed from time to time in the Company's public
disclosure documents available under its profile on SEDAR+.
The forward-looking information contained in this release is made as of the date hereof, and the
Company is not obligated to update or revise any forward-looking information, whether as a result of
new information, future events, or otherwise, except as required by applicable securities laws. Because
of the risks, uncertainties, and assumptions contained herein, investors should not place undue
reliance on forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services accepts responsibility for the adequacy or
accuracy of this release.
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