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Focus Graphite
(FMS)
Focus Graphite (FMS) vs. iShares MSCI Canada ETF (EWC)
Focus Graphite Business Overview & Revenue Model
Focus Graphite Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Sep 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -2.57M | -1.95M | -4.62M | -5.18M | -3.04M |
| Net Income | -2.60M | -1.98M | -4.66M | -4.80M | -3.04M |
Balance Sheet | |||||
| Total Assets | 670.30K | 100.00K | 38.88M | 39.85M | 35.58M |
| Cash, Cash Equivalents and Short-Term Investments | 575.95K | 1.69K | 137.71K | 1.47M | 4.94M |
| Total Debt | 0.00 | 2.30M | 60.00K | 60.00K | 2.46M |
| Total Liabilities | 4.27M | 5.58M | 5.27M | 6.14M | 5.85M |
| Stockholders Equity | -3.60M | -5.48M | 33.61M | 33.70M | 29.73M |
Cash Flow | |||||
| Free Cash Flow | -1.42M | -1.11M | -2.65M | -9.33M | -4.19M |
| Operating Cash Flow | -1.42M | -1.11M | -1.53M | -1.04M | -1.45M |
| Investing Cash Flow | 0.00 | 185.85K | -920.46K | -7.65M | -2.30M |
| Financing Cash Flow | 1.99M | 787.84K | 1.12M | 5.23M | 7.80M |
Focus Graphite Technical Analysis
Focus Graphite Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | C$13.54M | -0.32 | 22.72% | ― | ― | 158.45% | |
49 Neutral | C$73.91M | -21.32 | -12.25% | ― | ― | 17.24% | |
45 Neutral | C$23.31M | -15.13 | -5.19% | ― | ― | 93.75% | |
45 Neutral | C$31.67M | -0.48 | 115.07% | ― | 2.76% | -1.06% | |
43 Neutral | C$54.75M | -1.19 | -92.19% | ― | ― | -156.65% | |
42 Neutral | C$37.35M | -15.55 | -16.33% | ― | ― | -64.76% |
Focus Graphite Corporate Events
Focus Graphite has hired Canadian engineering firm Norda-Stelo to select corridors and conduct preliminary evaluations for an all-season access road and a 35.5-kilovolt private powerline to its Lac Knife graphite project in Quebec. The work, overseen by IOS Geosciences, aims to link the site to the modernized Highway 389 and nearby Hydro-Quebec substations, with an engineering study expected by the end of May 2026.
These infrastructure plans are designed to secure permanent site access and reliable power ahead of future permitting, mine development, and a planned pilot-scale processing facility. By leveraging Quebec’s Route 389 Improvement Program and applying for federal and provincial infrastructure funding, Focus Graphite is seeking to strengthen Lac Knife’s logistics, enhance its ability to deliver graphite concentrate to global markets, and align with government priorities on critical minerals and northern economic development.
The most recent analyst rating on (TSE:FMS) stock is a Sell with a C$0.40 price target. To see the full list of analyst forecasts on Focus Graphite stock, see the TSE:FMS Stock Forecast page.
Focus Graphite has begun a government-backed pilot-scale processing program at its Lac Knife project, shipping a six-tonne bulk ore sample to SGS Canada to produce about 500 kilograms of high-grade graphite concentrate. The material will be used to support thermal purification, final reactor engineering and product validation, advancing the company’s plan to establish dual-use, high-purity graphite production in Canada.
Funded with up to $14.1 million in non-repayable contributions from Natural Resources Canada’s Global Partnerships Initiative, the program is seen by federal officials as a step toward a fully Canadian graphite value chain from mine to advanced materials. By developing domestic purification capacity and engaging potential end users in battery, defence and advanced materials sectors, Focus is positioning itself and Canada more broadly as a secure supplier of critical graphite for energy storage and strategic technologies.
The most recent analyst rating on (TSE:FMS) stock is a Hold with a C$0.38 price target. To see the full list of analyst forecasts on Focus Graphite stock, see the TSE:FMS Stock Forecast page.
Focus Graphite has begun a government-backed pilot-scale processing program at its wholly owned Lac Knife Graphite Project, shipping a six-tonne bulk ore sample to SGS Canada in Ontario. SGS will produce about 500 kilograms of graphite concentrate targeting 95% graphitic carbon for downstream thermal purification testing, reactor engineering, and product validation, with initial concentrate expected to be ready for shipment to technology partner TMEC in roughly two months.
The initiative is supported by up to $14.1 million in non-repayable funding from Natural Resources Canada under the Global Partnerships Initiative, underscoring Ottawa’s push to build a fully Canadian graphite value chain. By generating pilot-scale concentrate for engineering and customer qualification, and by assessing potential sites in Quebec and Ontario for a thermal purification demonstration plant, Focus advances its plan to establish integrated, dual-use high-purity graphite production in Canada, reinforcing the country’s position in critical minerals and energy transition supply chains.
The most recent analyst rating on (TSE:FMS) stock is a Hold with a C$0.38 price target. To see the full list of analyst forecasts on Focus Graphite stock, see the TSE:FMS Stock Forecast page.
Focus Graphite has hired Frankfurt-based Dr. Reuter Investor Relations to expand its visibility and communications across German and broader European capital markets, starting February 16, 2026. The mandate covers editorial campaigns, translated press releases, media targeting, and social media outreach over an initial six-month term, with a performance review and an option to terminate early if expectations are not met.
The engagement aligns with Europe’s push to secure allied sources of critical raw materials, particularly graphite for batteries, defence, and dual-use industrial applications under initiatives such as the EU’s ReArm Europe strategy. Focus Graphite will also join the Canadian Critical Minerals Mission to Europe in Rome, Munich, and Paris, using government-led meetings to deepen ties with European investors and industrial partners and to reinforce its role in emerging transatlantic critical mineral supply chains.
The most recent analyst rating on (TSE:FMS) stock is a Hold with a C$0.46 price target. To see the full list of analyst forecasts on Focus Graphite stock, see the TSE:FMS Stock Forecast page.
Focus Graphite has secured allowance from the Canadian Intellectual Property Office for a patent covering silicon‑enhanced spheroidal graphite anode materials and their manufacturing process, a technology designed to boost lithium‑ion battery energy density, charge efficiency and cycling stability by embedding silicon within a graphite matrix. The patent strengthens the company’s intellectual property position in advanced anode materials and supports its downstream strategy, with potential applications in commercial batteries as well as defence, aerospace and other mission‑critical systems where durability and reliability are paramount, aligning with broader efforts in North America and allied countries to secure non‑adversarial sources of critical battery materials and support domestic energy‑security‑focused supply chains.
Focus Graphite has developed and validated a low-cost, AI-enabled technology for in situ graphite flake size characterization and integrated it into the geometallurgical model of its Lac Tetepisca project in Quebec. By enabling high-resolution mapping of flake size distribution directly from drill core and revealing an inverse relationship between grade and flake size, the technology is expected to improve resource valuation, support more selective mine planning, potentially justify a lower cut-off grade, and enhance project economics, with results to be reflected in an upcoming mineral resource estimate and later applied to the more advanced Lac Knife project to support scalable, ESG-aligned mining strategies.