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A recent article in the Financial Post highlighted Focus Graphite Inc. (TSXV:FMS,OTCQX:FCSMF,FWB:FKC) at its 100%-owned Lac Knife Graphite Project in Quebec.
A recent article in the Financial Post highlighted Focus Graphite Inc. (TSXV:FMS,OTCQX:FCSMF,FWB:FKC) at its 100%-owned Lac Knife Graphite Project in Quebec.
As quoted in the article:
This is a high grade, natural flake graphite deposit and is widely acknowledged as a world class graphite mine prospect.
However, for Gary Economo, CEO of Focus, the Lac Knife deposit is the beginning of a much larger story. On the one side there is the promise of the booming Li-ion battery world. Here, pure spherical graphite is in increasing demand as the Tesla battery gigafactory nears completion and other huge Li-ion battery facilities come online. (People often forget that there is six times more graphite in a Li-ion battery than there is lithium.) On the other side there is a huge opportunity in the graphene space as more and more applications are commercialized for this extraordinary material.
For Economo, keeping the publically traded Focus Graphite aimed squarely at securing the offtake agreements required to make the Lac Knife deposit into viable graphite mine is a priority. So is leveraging the technology embedded in the Focus investee private company Grafoid Inc.
On March 23 Focus announced a Memorandum of Understanding had been reached between Grafoid and Xiamen Tungsten, a Chinese company with revenues of 1.55 billion a year derived from its position as one of China’s leading tungsten and other non-ferrous metals firms. Xiamen also has substantial interests in the rare earths space as well as significant exposure to the supply of battery materials. Per the MOU, Xiamen will acquire up to a 20% equity position in Grafoid and, as part of that transaction, will purchase up to 7,000,000 Grafoid common shares currently held by Focus Graphite.
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