Focus Graphite Secures $400,000 in Non-Brokered Private Placement

Focus Graphite Inc. has announced the successful closure of the first tranche of a non-brokered private placement, generating gross proceeds of $400,000. Each unit in this offering, priced at $0.075, comprises one common share and one non-transferable common share purchase warrant. These warrants allow holders to acquire one additional share at $0.10 within three years from issuance.

A finder's fee of $14,000 has been disbursed, alongside 186,667 finders warrants, bearing similar terms to the primary warrants. All securities have a holding period until February 9, 2025. The raise is intended to support ongoing operations and address working capital needs.

This announcement does not represent an offer or solicitation in any jurisdiction where such actions would be contrary to compliance regulations.