Focus Graphite and SOQUEM Report High Hydrometallurgical Recoveries of Rare Earth Elements from the Kwyjibo REE Project

OTTAWA, ONTARIO–(Marketwired – Nov. 21, 2016) – Focus Graphite Inc. (TSXV:FMS,OTCQX:FCSMF,FWB:FKC) and partner SOQUEM Inc. (“SOQUEM”) are pleased to announce the results from the 2014-2015 hydrometallurgical tests conducted on the Kwyjibo Poly-metallic Rare Earth Elements-Copper-Iron-Phosphate Project (“Kwyjibo” or the “Project”), located in the Côte-Nord administrative district of northeastern Québec.
Highlights:

• Relatively simple metallurgical flowsheet, a distinctive feature of the Kwyjibo project among peer rare earth element projects.
• Approximately 90% extraction rate from rare earth concentrate for all rare earth elements for the Magnetitite Mineralization Type (“MM1”).
• The plan is to perform an initial Mineral Resource Estimate, followed by a Preliminary Economic Assessment study in 2017-18.

Focus Graphite President and CEO Gary Economo said: “While the economics of the Kwyjibo Project are still to be confirmed, the initial test results support Focus’ long-term investment decision to continue developing Kwyjibo’s potential.”
“More,” he said, “we anticipate our hydrometallurgical test results may have a positive impact on our future development positioning within the framework of Quebec’s Plan Nord northern development initiatives.”
“These results combined with the high grade, thickness, and continuity of the mineralization within the Josette Horizon illustrates that the Kwyjibo Project has the potential to generate positive economics and indeed, interest from within this global industry. We look forward to initiating the Preliminary Economic Assessment,” Mr. Economo said.
Read the full press release.
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