Business
The Quebec Government Confirms Receipt of Focus Graphite's Technical Documents in Support of the Environmental and Social Impact Assessment for its Lac Knife Natural Flake Graphite Project
OTTAWA, ONTARIO--(Marketwired - Nov. 30, 2016) - Focus Graphite Inc. (TSX VENTURE:FMS) (OTCQX:FCSMF) (FRANKFURT:FKC) ("Focus" or the "Company") is pleased to an
About this update from Focus Graphite Inc.
[{"type":"text","content":"OTTAWA, ONTARIO--(Marketwired - Nov. 30, 2016) - Focus Graphite Inc. (TSX VENTURE:FMS) (OTCQX:FCSMF) (FRANKFURT:FKC) (\"Focus\" or the \"Company\") is pleased to announce that as part of the ongoing environmental permitting review process, the Ministère du Développement Durable, de l'Environnement et de la Lutte contre les Changements Climatiques (\"MDDELCC\") of Québec has received supporting documentation regarding the Environmental and Social Impact Assessment (\"ESIA\") report on the Lac Knife natural flake graphite project submitted in December 2014 (refer to Focus Graphite's news release dated December 1, 2014 available at www.focusgraphite.com). The ESIA support documentation also includes the Mine Closure Plan. The Mine Closure Plan will continue to evolve prior to and during the projected mine life. Communication with the MDDELCC is ongoing as the permitting process continues towards the planned detailed engineering phase of the Lac Knife project. In other news, Focus announces that it will not proceed with additional closings of the non-brokered private placement of up to 30,000,000 units (the \"Units\") at a price of $0.10 per Unit for gross proceeds of up to $3,000,000 (the \"Offering\") announced on September 27, 2016 for which the closing of the first tranche was announced on October 3, 2016. Qualified Person Mr. Marc-André Bernier, M.Sc, P.Geo (Québec and Ontario), a Director of the Company and a Qualified Person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the technical content of this news release. About Focus Graphite Focus Graphite Inc. is an advanced exploration and development mining company with an objective of producing graphite concentrate at its Lac Knife deposit located south west of Fermont, Québec. In a second stage, to meet Quebec stakeholder interests of transformation within the province and to add shareholder value, Focus is evaluating the feasibility of producing value added graphite products including battery-grade spherical graphite. The Lac Knife project hosts a Measured and Indicated Mineral Resource Estimate* of 9.58 million tonnes grading 14.77% graphitic carbon (Cg) (432,000 tonnes Measured @ 23.66% Cg and 9,144,000 tonnes Indicated @ 14.35% Cg) as natural flake graphite with an additional Inferred Mineral Resource Estimate* of ...