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The latest update is out from Focus Graphite ( (TSE:FMS) ).
Focus Graphite Inc. has announced a non-brokered private placement of up to 5,000,000 units at $0.10 per unit, aiming to raise $500,000. The proceeds will support existing operations and general working capital. This strategic financial move, expected to close by February 15, 2025, highlights Focus Graphite’s ongoing efforts to strengthen its operational base and secure its position in the advanced materials industry.
More about Focus Graphite
Focus Graphite Inc. is an advanced materials company developing sustainable mining and technology innovations, centered around the Lac Knife flake graphite deposit. Known for its high purity and grade, the deposit is suitable for military, defense, and green energy applications. The company is progressing through Canada’s mine permitting process to become a supplier of critical minerals.
YTD Price Performance: 28.00%
Average Trading Volume: 18,201
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $5.59M
For an in-depth examination of FMS stock, go to TipRanks’ Stock Analysis page.
