Focus Graphite Inc. Announces Strategic Offtake Agreements With Grafoid Inc. - Seite 4

Grafoid's suite of graphene materials have been uniquely adapted for use with its Fortune 500 and institutional partners for applications in a large number of areas: lithium batteries; composite materials; additive materials for 3D printing; water treatment; thermal management systems; graphene polymers; graphene coatings; lubricants; chemicals; electrochemical capacitors; solar technologies; OLED lighting; fuel cells; interior and exterior automotive components; aerospace; medical; electrical cables; and electronics. Grafoid is actively pursuing the opportunities offered by these commercial applications in conjunction with its 17 wholly owned graphene product development subsidiaries.

Update on Focus Graphite's Lac Knife Project

The Company continues to advance its $166 million structured project financing for the construction of the Lac Knife mine and concentrator facilities following the positive Feasibility Study completed in accordance with National Instrument 43-101 (NI43-101).

Focus recently announced the launching of a feasibility study(5) for construction of a graphite concentrate transformation facility in the port city of Sept-Iles, Québec. The transformation plant feasibility study for value-added graphite products is in accordance with Québec stakeholder interests for transformation within the province and with the new Québec Mining Act which requires that an application for a mining lease be accompanied by a scoping and market study regarding transformation of mine products in Québec.

^{(5) The feasibility study for the transformation plant do not concern the extraction of a mineral resource and do not follow the CIM Definition Standards for Feasibility Study as defined in NI 43-101 guidelines.}

The Lac Knife Project also enjoys the support of the Government of Québec, as graphite is a priority commodity under its recently revived Plan Nord - Northern Québec's Economic, Environmental and Social Development Program.

Focus Graphite's development milestones include an industry-first offtake agreement; its Lac Knife Project Feasibility Study highlighted an NPV of C$242 million after-tax and a C$383 million pre-tax, an IRR of 24.1% after-tax and 30.1% pre-tax, and one of the lowest projected operating mining costs in the world at C$441/tonne over a 25-year mine life.