Falcon Energy Materials plc Signs Term Sheet for US$70 Million Construction Financing for Morocco Anode Plant

About this update from Falcon Energy Materials Plc

Falcon Energy Materials plc Signs Term Sheet for US$70 Million Construction Financing for Morocco Anode Plant (TheNewswire) Abu Dhabi, United Arab Emirates – TheNewswire - April 9, 2026 – Falcon Energy Materials plc (TSX-V: FLCN) (OTCQB: FLCNF) (“Falcon” or the “Company”) is pleased to announce it has entered into a non-binding term sheet (the “Term Sheet”) with a Tier One strategic and financial partner (the “Financial Partner”) for a financing transaction (the “Transaction”) directed toward the construction of the Company’s anode material facility in the Kingdom of Morocco (“Morocco”). The Term Sheet Pursuant to the Term Sheet, the Financial Partner has agreed to provide Falcon with US$65 million in non-dilutive financing as well as US$5 million in support in a future equity issuance. The Transaction is subject to the satisfaction of customary conditions including an offtake agreement, completion of definitive documentation, and receipt of all required regulatory and stock exchange approvals. The proceeds from the Transaction are expected to be primarily directed toward advancement of the Company’s natural graphite spheroidization, purification and coating plant (the “Anode Plant”) in Morocco. “We are encouraged by the continued support of our financial partners, following the strong demand for our recent private placement and recent block trade,” said Matthieu Bos, Chief Executive Officer of Falcon. “This proposed financing represents a significant milestone and highlights the strong interest in completing the broader financing package. We believe this Transaction, once completed, will position Falcon to accelerate execution while limiting dilution and preserving meaningful upside for our shareholders.” The completion of the Transaction remains subject to the negotiation and execution of definitive agreements, completion of due diligence, and receipt of all applicable approvals, including approval of the TSX Venture Exchange. There can be no assurance that the Transaction will be completed on the terms described herein or at all. The Company will provide further updates as material developments occur. About Falcon Falcon Energy Materials (TSX-V: FLCN, OTCQB: FLCNF) is aiming to be the p...

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