Slide 1: Developing High-Grade Flake Graphite Projects
Developing High-Grade Flake Graphite Projects to Supply Top Quality Battery-Grade Graphite for the Green Energy Revolution Presentation to Shareholders – September 2024 TSX.V: FMS | OTCQX: FCSMF | FSE: FKC | www.focusgraphite.com
Slide 2: Today’s agenda
Today’s agenda • Introduction Have a question? • About Focus Graphite You can put your hand up • Our flagship project: Lac Knife using the Zoom react button to raise hand, and we will call • Recent discovery with upside potential: Lac Tétépisca on you in order. Remember to take yourself off mute. •
Slide 3: Cautionary note on forward-looking statements
Cautionary note on forward-looking statements This presentation contains “forward-looking information” within the meaning of Canadian securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-
Slide 4: Our team of technical experts
Our team of technical experts Marc Roy Kimberly Darlington Judith Mazvihwa-Maclean Marc-André Bernier, géo. Réjean Girard, géo. President and CEO Communications CFO Table Jamésienne de President of IOS Services Focus Graphite Focus Graphite Focus Graphite Concertation Minière Géoscientifiques inc. –
Slide 5: Capital structure and financial information
Capital structure and financial information Listed exchange TSX Venture Symbol FMS Market capitalization $5.934M Common shares outstanding 62,464,170 Warrants 1,685,061 Options 8,440,000 Fully diluted 72,589,231 Cash and investments $250K Share price (at September 16, 2024) $0.095 52-week range $0.0
Slide 6: The case for graphite
The case for graphite The world is poised at the cusp of a green energy revolution, where renewable energy sources are replacing traditional sources of energy, such as oil, coal, and gas. One of the major shifts taking place is the replacement of vehicles that run on fuel to zero-emission electric v
Slide 7: Our values drive our mission
Our values drive our mission We believe that: We seek to play a key role in supplying the • We all must adopt renewable, raw materials needed for today’s green sustainable energy solutions to energy revolution. preserve our planet. • Mining and processing the minerals that are critical to the produc
Slide 8: Developing some of the highest quality flake graphite properties in the world
Focus Graphite is developing some of the highest quality flake graphite properties in the world • Located in Québec, Canada, a top-rated mining jurisdiction • Infrastructure such as roads and low- cost hydroelectricity that make remote mine sites easier and cheaper to access and operate • Government
Slide 9: U.S. Department of Defense: Funding Opportunity
U.S. Department of Defense: Funding Opportunity • The program has a US$750 million fund that can be accessed to encourage the development of a domestic supply chain for these minerals • Applications are accepted as white papers (proposals) from “domestic” companies (Canada has been The U.S. Defense
Slide 10: Canada’s critical minerals strategy
Canada’s critical minerals strategy Objectives 1. Supporting economic growth, competitiveness, and job creation Vision 2. Promoting climate action and environmental protection The Canadian Critical 3. Advancing reconciliation with Indigenous peoples Minerals Strategy will 4. Fostering diverse and in
Slide 11: Lac Knife: Focus Graphite’s flagship project
Lac Knife: Focus Graphite’s flagship project
Slide 12: Lac Knife is our 100% owned, high-grade crystalline flake graphite deposit
Lac Knife is our 100% owned, high-grade crystalline flake graphite deposit About 27 km south of Fermont, in the Côte-Nord district of northeastern Québec TSXV : FMS | OTCQX : FCSMF | FSE : FKC | www.focusgraphite.com
Slide 13: Lac Knife is in the feasibility stage
Lac Knife is in the feasibility stage 2024 TSXV : FMS | OTCQX : FCSMF | FSE : FKC | www.focusgraphite.com
Slide 14: Potential: to produce low-cost, high margin, high-purity graphite concentrate
Potential: to produce low-cost, high margin, high-purity graphite concentrate • In March 2023, Focus Graphite announced an update to its 2014 feasibility study (FS) that positioned Lac Knife as potentially one of the lowest-cost, highest margin future producers of high-purity graphite concentrate. •
Slide 15: Technical work over last decade has increased resources and reserves
Technical work over last decade has increased resources and reserves Mineral Resources and Reserves Estimation • Total Measured and Indicated Mineral Resources are now estimated at 12.0 M tonnes grading 15.34% Cg, an increase of 5.76 M tonnes compared to 2014 • Total Mineral Reserves are now estimat
Slide 16: Mine expected to be low footprint but high yield
Mine expected to be low footprint but high yield • At its maximum extension, the pit opening will cover an area of 319,000 m2 (0.32 km2), an increase of 59.9% relative to the 2014 design • At 0.32 km2, the footprint of the Lac Knife project pit remains 75 times smaller than that of Arcelor Mittal’s
Slide 17: Plan: open pit graphite mine with production capacity of about 48,000 tonnes
Plan: open pit graphite mine with average annual production capacity of about 48,000 tonnes Target: Open pit graphite mine with an average annual production capacity of 47,781 tonnes of salable graphite concentrate grading an average 98.2 % Cg for all size fractions (99.7% Cg for +80 mesh flake (+17
Slide 18: Exceptional graphite concentrate quality
Exceptional graphite concentrate quality Flake graphite concentrate production and selling price (2023)1 Weight Purity (% Annual Average price Particle size distribution (%) Ct) tonnage ($US/t) Mesh +48: 10 99.7 5,000 2,040 Mesh -48+80: 23 99.7 11,488 1,868 Mesh -80+150: 31.3 99.4 15,655 1,762 Mesh
Slide 19: Environmental and social impact assessment (ESIA) is underway
Environmental and social impact assessment (ESIA) is underway WSP (formerly Wood Environment and Infrastructure Solutions) is conducting two important ESIA-related investigations: • New air quality model and dust management plan • Hydrogeochemical model for the project Other work completed or underw
Slide 20: Surveys, investigations, studies, and planned activities for 2024-2025
Surveys, investigations, studies, and planned activities for 2024-2025 The realization of the proposed work, studies, and activities for the Lac Knife project from January 1, 2024, to June 30, 2025, is contingent upon raising new capital. Main objective of the program: complete the update ESIA for t
Slide 21: Surveys, investigations, studies, and planned activities for 2024-2025
Surveys, investigations, studies, and planned activities for 2024-2025 • New consultation with local and First Nations communities – MU Conseils, experts in communication strategies with the Innu Nations of the North Shore, and communication firm, Refined Substance, have been hired to facilitate dia
Slide 22: Relations with First Nations: signed pre-project agreement
Relations with First Nations: signed pre-project agreement • Pre-project agreement for the Lac Knife project signed with the Band Council of the ITUM Nation on October 28, 2014. Meetings between both parties started back in 2012. • Focus Graphite and ITUM leaders who negotiated and signed this agree
Slide 23: Leading research into optimizing high-quality flake graphite for battery storage
Leading research into optimizing suitability of high-quality flake graphite for battery storage Dr. Joseph E. Doninger, MSc, BSc, serves as the Director of Manufacturing and Technology at Focus Graphite. He is an internationally renowned expert in graphite processing, the inventor of 6 patents, and
Slide 24: Graphite processing concept presented at CIM conference in May 2023
Graphite processing concept presented at CIM conference in May 2023 • Dr. Doninger presented his concept for the graphite processing of the Lac Knife project at the CIM conference in Montreal in May 2023. • The presentation covers the results of the flotation tests at the Lac Knife pilot plant in 20
Slide 25: Objectives of pilot flotation test program
Objectives of pilot flotation test program • Evaluate the performance of proposed flowsheet under continuous operating conditions • Produce concentrate for downstream testing • Generate data to support engineering design • Generate representative tailings samples to use in environmental studies • Pr
Slide 26: Cleaning circuit and rougher flotation cell
Cleaning circuit and rougher flotation cell TSXV : FMS | OTCQX : FCSMF | FSE : FKC | www.focusgraphite.com
Slide 27: Comparison of performance: Lac Knife flake graphite vs synthetic graphite
Comparison of performance: Lac Knife flake graphite vs synthetic graphite in lithium-ion coin cells 1st Cycle Irreversible 1st Focus Graphite Coin Cell Test Reversible Capacity, Cycle Loss Samples Capacity (Ah/Kg) (Ah/Kg) (%) Focus Li ion Fine Grade of Coated SPG 0.65% D50 = 21.44 µ. Tap Density = 0
Slide 28: Lac Tétépisca: A recent discovery with upside potential
Lac Tétépisca: A recent discovery with upside potential to become one of the biggest sources of high-quality flake graphite in North America
Slide 29: Lac Tétépisca is 100% owned, accessible year round by road
Lac Tétépisca is 100% owned, accessible year round by road from Highway 389 • Manicouagan Hydroelectric Reservoir, Côte Nord region of northeastern Québec, 234 km north of the city of Baie-Comeau • Two contiguous properties, Lac Tétépisca and Lac Tétépisca Nord, that together form a block of 115 cla
Slide 30: Lac Tétépisca hosts the Manicouagan-Ouest Graphitic Corridor
Lac Tétépisca hosts the Manicouagan-Ouest Graphitic Corridor, discovered by Focus Graphite in 2012 • MOGC is defined by a linear 1 km-long northeast trending geophysical anomaly • Maiden Mineral Resource Estimate completed in February 2022 • Working with First Nations and Community relations experts
Slide 31: Target: large tonnage, open pit flake graphite deposit
Target: large tonnage, open pit flake graphite deposit grading minimum 10% graphitic carbon (Cg) • Between 2014 and 2020, 106 drill holes totaling 16,467 metres were drilled over a 1.4 km distance. • In 2021, a total of 5,177 samples were sent for analysis. • The deposit covers 304,000 square metres
Slide 32: Mineral Resource Estimate released early 2022
Mineral Resource Estimate released Lac Tétépisca Project in early 2022 On February 17, 2022, Focus released the highlights of DRA America’s Mineral Resource Estimate (MRE) on the Manicouagan-Ouest Graphitic Corridor (MOGC) prospect. The MOGC prospect hosts: • Open pit constrained Indicated mineral r
Slide 33: One of the largest undeveloped natural flake graphite deposits in Québec
Lac Tétépisca hosts one of the largest undeveloped natural flake graphite deposits in Québec & North America The MOGC prospect is now classified as a “mineral deposit” per CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines. A mineral deposit is the fundamental building block
Slide 34: Enough flake graphite resources to meet U.S. demand for more than 50 years
Focus potentially holds enough flake graphite resources to meet U.S. demand for more than 50 years In 2021, the USA did not produce natural graphite. According to the USGS, U.S. natural graphite imports for 2021 were estimated at 53,000 t, about 57% of which were flake and high-purity flake. With 6,
Slide 35: Geometallurgical study proposal
About the MOGC Deposit Geometallurgical Lac Tétépisca Project study proposal In June 2022, Focus received a $350,000 grant from the Québec Ministry of Mines (MRNF) to support a geometallurgical study of the MOGC deposit. A “GeoMet” study is a recent practice in the mining industry — it combines geol
Slide 36: Q1 2023 drill results recognized as one of top three graphite intercepts
Q1 2023 drill results recognized as one of Miner Deck’s top three graphite intercepts for the quarter The 2022 exploration drilling program at Lac Tétépisca was completed in November, ahead of schedule and under budget. A total of 74 holes were completed representing 14,900 metres. Highlights: • 92.
Slide 37: Exploration yields indication of additional resources at MOGC
Exploration yields indication of additional resources at MOGC TSXV : FMS | OTCQX : FCSMF | FSE : FKC | www.focusgraphite.com
Slide 38: Lac Tétépisca work program 2024-2025: highlights
Lac Tétépisca work program 2024-2025: highlights The implementation of the proposed work, studies, and activities for the Lac Tétépisca project between January 1, 2024 and June 30, 2025, is subject to raising new capital. • Complete the preparation and assaying of core samples from the last six deep
Slide 39: Lac Tétépisca: First Nations relations
Lac Tétépisca: First Nations relations • In March 2022, Focus Graphite met for the first time with the Council of the Pessamit Innu on whose Nitassinan (traditional lands) the Lac Tétépisca project is found. • We listened to their concerns, answered their questions, and gained an understanding of th
Slide 40: Summary: major North American source of flake graphite
Summary: Focus Graphite has enough resources to become a major North American source of flake graphite • More than two-thirds of battery-grade graphite, a critical mineral, comes from China. There no graphite mines operating in the United States, and North America needs a secure source of high purit
Slide 41: Question and answer
Question and answer Have a question? You can put your hand up using the Zoom react button to raise hand, and we will call on you in order. Remember to take yourself off mute. You can also type it in the chat box, so we can relay it to the group. If we run out of time, please email your question to i
Slide 42: Investor Contact: Kimberly Darlington
Investor Contact: Kimberly Darlington kdarlington@focusgraphite.com TSX.V: FMS | OTCQX: FCSMF | FSE: FKC | www.focusgraphite.com September 2024