Looking Ahead to Offtakes, Permitting and Mine Financing
Focus Graphite Inc. (TSXV:FMS, OTCQX:FCSMF, FWB:FKC) is an advanced exploration and development mining company with the goal of becoming a low-cost producer of battery-grade graphite and value added battery products from its Lac Knife Project in Québec. Lac Knife is one of the most advanced graphite projects in North America and holds one of the highest grade flake graphite deposits in the world.
In 2012, Focus Graphite committed to a business model that exploited the high purity characteristics of its Lac Knife, Québec, flake graphite resource. Today, Focus holds the potential to become one of the lowest cost producers of graphite concentrate in the world.
At the same time, Focus invested in in-house technologies to produce value-added products for the battery-manufacturing sector.
The company’s technical achievements in high value graphite products were demonstrated through a series of value added processing and engineering announcements after they were presented at gatherings of the global battery industry in the United States and Europe.
Focus Graphite’s early adoption of a technology-weighted business development agenda is supported today by market events led principally by graphite trends initiated by China’s strategic economic policies, which include the electrification of its transportation industries.
China’s strategy, when combined with those of all other nations, are having a profound impact on the graphite sector and, a profound impact on Focus Graphite and on the strategy Focus set some six years ago.
Having been guided by the principle that China would someday be a net-importer of battery-grade graphite, Focus set four objectives to take advantage of the opportunity, namely:
- Development of a portfolio of high-purity value-added graphite products
- Ensuring its production costs could beat the competition
- Establishing relationships in China and elsewhere in Asia and around the world, and;
- Entering into long term supply agreements to de-risk the construction of the Lac Knife graphite mine