First Canadian Graphite Initiates Phase III Exploration at Lac Guéret South

First Canadian Graphite Inc. has received the Authorization for Impact-Causing Exploration Work (ATI) permit from Québec's Ministry of Natural Resources. This authorization allows the company to begin Phase III of its exploration at the Lac Guéret South Graphite Project, focusing on Zone 13.

The exploration will utilize mechanized trenching and diamond drilling to examine high-grade graphite over 3.3 kilometers of strike length. Surface samples have shown promising graphite concentrations, with significant portions exceeding 15% and even 20% graphitic carbon (Cg).

Phase III's budget is set at C$6.5 million. The program aims to validate mineralized thicknesses and grade distribution, starting in mid-November. Initial results are expected early in 2027.

The ATI only permits exploration and not mining operations. The Phase II survey expanded the conductive footprint, potentially increasing the exploration scope.