Announcement • Jun 04
Focus Graphite Inc Secures Up to CAD 1.38 Million Under Natural Resources Canada First and Last Mile Fund Focus Graphite Inc. had executed a non-repayable Contribution Agreement with Natural Resources Canada under the Government of Canada's newly established First and Last Mile Fund, securing up to CAD 1,378,700 in non-dilutive federal funding to advance critical transportation and energy infrastructure planning under the Project Titled Lac Knife Graphite Mine Access Road and Hydro Connection for the Company's flagship Lac Knife Graphite Project in northeastern Quebec. The Funding will support engineering, environmental, permitting, community engagement and feasibility activities required to advance the planned all-season access road and Hydro-Quebec grid connection toward a construction-ready, shovel-ready stage. The Funding forms part of the Government of Canada's recently announced CAD 3.6 billion Critical Minerals Investment Package. A cornerstone of the package is the CAD 1.5 billion First and Last Mile Fund, established to advance enabling infrastructure that moves strategic critical mineral projects toward construction readiness while strengthening domestic supply chains and supporting Canada's economic, defence and national security objectives. A key component of the program includes collaboration with Indigenous communities, including the Innu Takuaikan Uashat mak Mani-Utenam. The Project includes the establishment of joint technical and steering committees, Indigenous workforce participation initiatives, skills development programs, community consultation activities and support for Indigenous participation in the future development and operation of the planned infrastructure. These activities align with the objectives of the First and Last Mile Fund to advance Indigenous leadership, engagement and participation throughout the development of strategic critical mineral infrastructure. Under the executed Agreement, Natural Resources Canada will provide up to CAD 1,378,700 in non-repayable funding, representing approximately 50% of total eligible Project costs. Focus Graphite will contribute an equivalent amount toward the Project. Funding will support the full work program outlined in the Agreement, including feasibility and engineering studies, environmental baseline work, geotechnical and LiDAR surveys, stakeholder engagement, regulatory and permitting activities and detailed infrastructure design. These activities are expected to culminate in finalized engineering plans, environmental assessments, community approvals and permit applications required to support future construction decisions. The Project is scheduled to continue through March 2028. New Risk • Jun 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$4.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.2m free cash flow). Negative equity (-CA$1.6m). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (CA$52.0m market cap, or US$37.5m). Announcement • May 05
Focus Graphite Inc., Annual General Meeting, Jul 10, 2026 Focus Graphite Inc., Annual General Meeting, Jul 10, 2026. 
