Canadian Graphite Developer Secures $14M Government Grant as More Western Nations Seek China Alternatives
Canadian Graphite Developer Secures $14M Government Grant as More Western Nations Seek China Alternatives
www.cruxinvestor.com
Canadian Graphite Developer Secures $14M Government Grant as More Western Nations Seek China Alternatives - Article | Crux Investor

- 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
...