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Focus Graphite Chairman Converts C$200,000 Loan to Equity, Strengthening Balance Sheet Ahead of Key Milestones
Jeff York converts $200,000 of his longstanding private loan into equity as part of a plan to gra...
About this update from Focus Graphite Inc.
[{"type":"text","content":"Focus Graphite Chairman Converts C$200,000 Loan to Equity, Strengthening Balance Sheet Ahead of Key MilestonesJeff York converts $200,000 of his longstanding private loan into equity as part of a plan to gradually eliminate debt, reinforce financial flexibility, and advance the Company's strategic priorities.Ottawa, Ontario--(Newsfile Corp. - September 8, 2025) - Focus Graphite Inc. (TSXV: FMS) (OTCQB: FCSMF) (FSE: FKC0) (\"Focus\" or the \"Company\"), a leading Canadian graphite developer advancing high-grade projects in Quebec, today announced that Chairman Jeff York has initiated the conversion of his longstanding private loan into equity. This step marks the beginning of a Board-led plan to gradually eliminate the loan, strengthen the balance sheet, and position the Company to advance its projects toward production while enhancing its attractiveness for future financing opportunities.Over the years, Mr. York, through his holding company JJJY Holdings Inc., has provided C$1,535,000 in private financing, underscoring his long-term commitment to Focus Graphite. As part of this ongoing support, he has now converted C$200,000 of his loan into 571,428 shares at C$0.35 per share. To comply with TSX Venture Exchange Policy 4.1, which caps individual ownership at twenty percent (20%), Mr. York recently sold 488,000 shares for C$161,831.20. While the sale was required for compliance, the conversion represented a larger amount of capital than was sold, resulting in a net increase to his overall position in the Company.\"This step is about supporting Focus Graphite for the long term,\" said Mr. York. \"By reducing debt and increasing equity, I'm reinforcing my confidence in the Company's direction under new leadership. Focus Graphite has the potential to supply environmentally responsible graphite essential to Canada and its allies. With important milestones ahead as we advance Lac Knife and Lac Tetepisca, I'm proud to continue supporting the Company's progress on its mission.\"The Company intends to work with Mr. York to further reduce and ultimately eliminate the loan through additional conversions, executed responsibly to protect shareholder value. This proactive approach avoids resolving the entire loan at once and preserves financial flexibility. To the extent that share sales are required for compliance, they will be limited, care...