Focus Graphite Inc. is a graphite mining company transitioning to the production phase from development.
Focus owns the world-class, high-purity Lac Knife, Quebec large flake graphite project some 27 km south of Fermont, Quebec. In December 2013, Focus announced an historic 10-year offtake agreement with a Chinese industrial conglomerate for the supply of up to 40,000 tonnes per year of high-purity and value-added technology graphite.
The company anticipates the closing of its Lac Knife mine and plant financing during the first quarter of 2014 followed by the submission of its Feasibility Study by summer 2014.
Focus’ goal is to become one of lowest cost producers of technology graphite in the world. By virtue of its offtake agreement with China, the company has positioned itself to compete in any market.
Lac Knife is the company’s flagship property, a crystalline flake graphite resource containing an NI 43-101 compliant resource of 8.1 million tons in all categories grading at 16% graphite. The property has excellent infrastructure, access to low-cost electricity, major roads, airports, two railroads and access to deep water shipping terminals.
The property has a proven history including a 1990 drill program that confirmed 8.1 million tons grading 16.7% graphite. The project lay dormant for many years under depressed commodity prices, but has been revived by Focus Graphite that acquired full ownership from IAMGOLD in 2010.
The Lac Knife project has robust economics and excellent potential for profitability. As a technology-oriented enterprise with a view to building long-term, sustainable shareholder value, Focus Graphite and its shareholders hold an equity stake in Grafoid Inc., a cutting edge graphene technology company invested in the development and production of MesoGraf™ — the global standard for high-energy density, affordable and scalable graphene for industrial and product applications.