First Canadian Graphite Inc. reports company developments tied to its Québec graphite exploration business, including updates on the Berkwood graphite project, resource expansion work, OTC ticker status, and executive leadership changes. Its news flow centers on the company’s role as a critical minerals explorer in the Tétépisca Graphite District.
Company announcements also describe the completed OTC symbol change to GRAPF, governance and management updates, and project context for graphite mineralization, Zone 1 resource work, claim holdings, and planned project-advancement activities.
First Canadian Graphite (GRAPF) received authorization to begin Phase III trenching and diamond drilling at its Lac Guéret South project in Québec. The exploration permit covers work at Zone 13, where the program will test subsurface continuity of graphite mineralization mapped over approximately 3.3 kilometres of strike.
The company plans stripping and channel sampling in mid-November, followed immediately by approximately 20,000 metres of drilling, within an overall planned budget of C$6,500,000 over 5–6 months. Initial results are expected in early 2027. Surface assays reached 43.4% graphitic carbon; 45.7% of 46 samples exceeded 15%, including 14 above 20%. An airborne magnetic and electromagnetic survey identified additional conductive extensions and an interpreted southern fold nose. Their graphite content, continuity and relative size remain untested; the company may include these areas in Phase III following evaluation.
First Canadian Graphite (GRAPF) plans a flow-through share financing to raise up to CAD $2,000,000 for exploration at Lac Guéret South. The proposed offering comprises up to 3,448,276 common shares at $0.58 each and supplements the previously announced CAD $3 million hard-dollar financing.
Proceeds will fund upcoming field stripping and an anticipated 20,000 metres of diamond drilling at the Quebec graphite project and will be used to incur resource exploration expenses. Closing requires all necessary regulatory approvals, including approval from the TSX Venture Exchange. A finder's fee may be payable under exchange policies. Securities issued will carry a hold period ending four months plus one day after issuance.
First Canadian Graphite (GRAPF) plans to raise CAD $3 million through a unit financing to support exploration and working capital. The proposed issuance comprises 6,666,667 units at $0.45 each, with one common share and one-half warrant per unit. Warrants would be exercisable at $0.75 for two years, subject to an acceleration provision. Closing requires regulatory approvals, including TSX Venture Exchange approval.
Proceeds are intended for general working capital and upcoming field stripping and an anticipated 20,000-metre diamond drilling program at Lac Guéret South. The company aims to work toward a first resource estimate. It also granted executives 1,672,555 performance share units, each redeemable for one common share upon vesting. Vesting depends on Board-determined performance indicators and cannot occur before October 13, 2027. A finder's fee may be payable on the financing.
First Canadian Graphite (GRAPF) has completed a 1,269 line‑kilometre Phase II airborne magnetic and electromagnetic survey at the Lac Guéret South Graphite Project in Québec, outlining multiple strong conductors that extend Zone 13 into a multi‑kilometre conductive system.
The survey identifies conductive trends extending east, north and northwest of Zone 13, an interpreted Z‑shaped fold and a prominent southern fold nose where strong conductivity coincides with previously sampled high‑grade graphite up to 43.4% Cg. These data generate several priority drill targets that may represent a broader district‑scale graphite system. The company plans a Phase III program, starting once it receives an Authorization for Impact‑Causing Exploration Work, including mechanized exploration, trenching and diamond drilling aimed at supporting a future NI 43‑101 Mineral Resource Estimate. FC graphite reports over $10 million invested in the property and funding to advance work through 2026.
First Canadian Graphite (OTCQB:GRAPF) reported an exploration update for its Lac Guéret South Project in Québec, focusing on the emerging Zone 13 graphite discovery. Surface and near-surface graphite mineralization has been confirmed along approximately 3.3 km of strike with widths over 150 m, and 46 samples have assayed up to 43.4% Cg.
The company is expanding airborne Mag-EM coverage with Prospectair, advancing preliminary metallurgical testing at Corem on four ~20 kg samples from Zone 13, Esbec and Zone 6, and preparing access, trenching and first-pass diamond drilling planned for fall 2026. Lac Guéret South also hosts a historical NI 43-101 resource at Zone 1 totaling 1.76 Mt indicated at 17% Cg and 1.53 Mt inferred at 16.4% Cg. Land holdings now exceed 200 km², with more than $10 million invested and funding indicated to advance the project through 2026.
First Canadian Graphite (TSXV:FCI, OTCQB:GRAPF) signed a collaboration agreement dated August 4, 2026 with Groupe Nipi of Pessamit and engineering firm BBA to conduct a Preliminary Environmental Assessment for the Lac Guéret South graphite project on the Nitassinan of the Pessamit Innu.
The study, billed at hourly rates, will characterize wetlands and sensitive environments, analyze surface-water physicochemistry, and seek evidence of past industrial activity to guide responsible, impact‑managed exploration and support an upcoming ATI application to Québec’s MRNF. Lac Guéret South hosts a significant new high‑grade graphite anomaly at Zone 13 with a confirmed 3.3 km strike and widths over 150 m, where 46 samples returned up to 43.4% graphitic carbon. The project also contains a historical NI 43‑101 mineral resource at Zone 1 of 1.76 Mt indicated at 17% Cg and 1.53 Mt inferred at 16.4% Cg. The company controls more than 200 km² of claims in the Lac Guéret district, has invested over $10 million to date, and reports sufficient funding to advance the project toward a Preliminary Economic Assessment through 2026.
First Canadian Graphite (TSXV:FCI, OTCQB:GRAPF) received regulatory approval for a July 15, 2026 property option agreement, amended July 29, 2026, granting the right to earn a 100% interest in 51 contiguous mining claims in Northern Quebec. To earn this interest, the company will pay $30,000 in cash, issue 1,200,000 common shares at a deemed C$0.40 per share, and fund $500,000 in exploration by the third anniversary, alongside staged share issuances tied to each anniversary.
The company also agreed to milestone bonuses of $100,000 on completion of a PEA, $250,000 on a feasibility study, and $500,000 on commercial production. According to First Canadian Graphite, Lac Guéret South hosts a historical NI 43-101 resource at Zone 1 and recent high-grade graphite discoveries, with over $10 million invested, a land position exceeding 200 km², and funding to advance the project toward a PEA through 2026.
First Canadian Graphite (OTCQB:GRAPF, TSXV:FCI) reported Phase I Beep Mat prospecting assays from Zone 13 at its Lac Guéret South Project in Québec, with 46 grab samples returning graphitic carbon grades up to 43.4% Cg. Fourteen samples (about 30%) exceeded 20% Cg, and additional high-grade values included 42.3%, 41.9% and 32.0% Cg.
According to FC graphite, Phase II will extend Beep Mat prospecting across the rest of Zone 13 and Zone 6, add outcrop sampling at Esbec, and include due diligence visits to Zones 3 and 4. The project hosts a historical NI 43-101 resource at Zone 1 and covers 167 km², with over $10 million invested and funding indicated for work through 2026.
First Canadian Graphite (OTCQB:GRAPF, TSXV:FCI) has completed Phase I exploration on its new Zone 13 discovery at the Lac Guéret South Project in Québec, confirming graphite mineralization over a 3.3 km strike within a kilometre-scale electromagnetic conductor. Field work included systematic mapping, prospecting and 46 grab samples, which have been sent to ALS Global for expedited assaying.
The company has also expanded its land position by staking claims to the east and signing a July 15, 2026 option agreement with two local prospectors to earn a 100% interest in 51 contiguous mining claims in Northern Quebec. Consideration includes $30,000 cash, 1,200,000 common shares at a deemed price of $0.40 and at least $500,000 in exploration expenditures by the third anniversary, plus milestone bonuses of $100,000 for a PEA, $250,000 for a feasibility study and $500,000 on commercial production. If fully exercised, this option would increase the land package to 2,707.21 ha. Phase II fieldwork is planned for early August and will support drill targeting for a late‑fall 2026 diamond drilling campaign.
First Canadian Graphite (TSXV:FCI, OTCQB:GRAPF) has appointed Anthony (Tony) La Mantia, ICD.D, to its Advisory Board. La Mantia is a veteran C‑suite executive with over 40 years’ experience in corporate development, investment attraction, governance, and economic development, including mining-sector experience at Largo Resources.
He currently serves as President and CEO of Waterloo Region Economic Development Corporation, which he led to over $4 billion in new investment and more than 6,200 jobs, and previously held senior roles in Ontario’s economic development ministry. The Advisory Board will have up to three independent members providing non-binding strategic advice on government relations, capital markets, and mining operations for the company’s Québec graphite assets, without decision-making authority or fiduciary duties.