First Canadian Graphite Gets Authorization for Impact-Causing Exploration Work for Lac Gueret South Graphite Project

09:13 AM EDT, 10/27/2026 (MT Newswires) -- First Canadian Graphite (FCI.V) received its Authorization for Impact-Causing Exploration Work (ATI) from the Ministere des Ressources naturelles et des Forets for its Lac Gueret South Graphite Project in Quebec's Manicouagan region, it said Tuesday. The company said the ATI permit will allow it to begin its Phase III exploration program at its high-priority Zone 13 graphite target, which will include mechanized trenching and diamond drilling scheduled for fall 2026. "This ATI authorization will allow us to test if there is a depth continuity of a target that has already returned encouraging graphite grades along a substantial surface strike length and EM results that suggest mineralization to depth," said First Canadian Graphite's Chief Executive Officer John LaGourgue. First Canadian Graphite said that the ATI "applies exclusively" to exploration activities and "does not authorize" mine development or mining operations. The company's shares, which have nearly doubled over the past year, closed up CA$0.04, or 7.8%, to CA$0.55 Monday on the TSX Venture Exchange.