First Canadian Graphite Plans to Raise up to CA$2 Million via Flow-Through Financing

10:52 AM EDT, 10/23/2026 (MT Newswires) -- First Canadian Graphite (FCI.V) plans to offer up to around 3.4 million flow-through common shares at CA$0.58 each to raise up to CA$2 million, it said Friday. The company said the flow-through financing will "supplement" the previously announced CA$3 million hard-dollar financing. The company will use the funds from the FT Financing for the upcoming field stripping and diamond drilling program of an anticipated 20,000 meters at its Lac Gueret South graphite project in Quebec's Cote-Nord region, and to incur resource exploration expenses, it said. The closing of the financing is subject to receipt of all necessary regulatory approvals, added First Canadian Graphite. The company's shares last traded Oct. 22, closing at CA$0.55 on the TSX Venture Exchange.