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An announcement from Green Battery Minerals Inc ( (TSE:FCI) ) is now available.
First Canadian Graphite Inc. plans to raise up to C$2.6 million through a private placement of up to 8,666,667 units priced at C$0.30 each, with each unit consisting of one common share and one-half warrant exercisable at C$0.50 for two years. The financing, which remains subject to TSX Venture Exchange and other regulatory approvals and includes a standard hold period on securities, is earmarked for general working capital and may see participation from company insiders. In a related move to support its incentive structure, the company has also granted 50,000 stock options to a consultant at an exercise price of C$0.30 under its 2025 Omnibus Share Incentive Plan, underscoring its efforts to fund ongoing operations and advance its graphite asset base amid growing demand from the electric vehicle sector.
More about Green Battery Minerals Inc
First Canadian Graphite Inc. is a graphite-focused resource company led by a management team with more than 150 years of combined experience in discovering, building and operating mines. Its key asset is the 100%-owned Berkwood graphite resource in Northern Quebec, positioning the company to benefit from rising graphite demand driven by electric vehicle battery production.
Average Trading Volume: 43,666
Technical Sentiment Signal: Buy
Current Market Cap: C$9.36M
See more insights into FCI stock on TipRanks’ Stock Analysis page.