# Focus Graphite Announces One of the Largest Identified Graphite Deposits Globally at the Lac Tetepisca Project Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/focus-graphite-announces-one-of-the-largest-identified-graphite-deposits-globall--8e4e9d30-f707-4a76-bf8b-b05edd7c7710 Original source: https://money.tmx.com/en/quote/FMS/news/8471147355945613/focus-graphite-announces-one-of-the-largest-identified-graphite-deposits-globall Publisher: tmx Original announcement: 2026-05-07T09:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Focus Graphite Inc. - Ticker: FMS - Exchange: TSX - Region: Quebec - Primary commodity: Graphite - Secondary commodities: None reported - Document categories: Resource update - Extracted: 2026-09-17 22:47:56 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Focus Graphite has announced an upgraded mineral resource estimate for its 100%-owned Lac Tetepisca Project in Quebec, featuring 120.16 Mt of Indicated graphite at 10.27% Cg and 24.14 Mt of Inferred graphite at 9.88% Cg. The estimate was prepared by IOS Geosciences under NI 43-101 standards using a 3.5% Cg cut-off. Reasoning: The announcement of a large-scale, high-grade graphite resource update at Lac Tetepisca represents a major de-risking and scale-demonstration milestone for the company. - Positive factor: Significant scale with 120 Mt Indicated resource - Positive factor: High grade \(10.27% Cg\) for Indicated category - Positive factor: NI 43-101 compliant with QP sign-off - Positive factor: Robust QA/QC disclosure including inter-laboratory checks Facts used in scoring: 2 ## Classification and evidence **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The estimate includes 120,163 kt of Indicated Mineral Resources. Evidence · text > 120,163 ktonnes of Indicated Mineral Resources at 10.27% Cg **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The estimate includes 24,143 kt of Inferred Mineral Resources. Evidence · text > 24,143 ktonnes of Inferred Mineral Resources at 9.88% Cg **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Jean-Michel Dubé, P.Geo. and Alexandre Burelle, P.Eng. are named as QPs. Evidence · text > The independent and qualified persons \("QPs"\) for the mineral resource estimate, as defined under NI 43-101, are Jean-Michel Dubé, P.Geo. from IOS Geosciences and Alexandre Burelle, P.Eng., from Evomine Consulting. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The MRE was completed pursuant to NI 43-101 requirements. Evidence · text > The MRE was completed pursuant to the requirements of National Instrument 43-101 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: A 3.5% Cg cut-off grade is explicitly stated. Evidence · text > Estimates were calculated using a conservative 3.5% Cg cut-off grade **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The source explicitly discloses a revised resource estimate Evidence · text > updated mineral resource ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/focus-graphite-announces-one-of-the-largest-identified-graphite-deposits-globall--8e4e9d30-f707-4a76-bf8b-b05edd7c7710#fact-resource-facts-0) Lac Tetepisca Project · graphite #### Identity - Project: Lac Tetepisca Project - Commodity: graphite - Region: canada\_qc - Reported Region: Quebec - Ticker: FMS #### Resource scope - Estimate type: resource - Effective date: 2026-04-30T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jean-Michel Dubé, Alexandre Burelle - Resource group id: resource:4908ccf929cebeb0cf71 - Deposit or zone: MOGC, Lac Tetepisca Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 120163000 - Grade: 10.27 - Grade Unit: % - Cutoff Grade: 3.5 - Cutoff Unit: % Cg #### Prior Estimate - Resource Date: 2026-04-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: Large indicated resource at high grade. - Positive factor: High grade for indicated category - Positive factor: Large tonnage Evidence · table > 10.27 Context: 120,163 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/focus-graphite-announces-one-of-the-largest-identified-graphite-deposits-globall--8e4e9d30-f707-4a76-bf8b-b05edd7c7710#fact-resource-facts-1) Lac Tetepisca Project · graphite #### Identity - Project: Lac Tetepisca Project - Commodity: graphite - Region: canada\_qc - Reported Region: Quebec - Ticker: FMS #### Resource scope - Estimate type: resource - Effective date: 2026-04-30T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Jean-Michel Dubé, Alexandre Burelle - Resource group id: resource:7ef1a9366c6eedc68ab9 - Deposit or zone: MOGC, Lac Tetepisca Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 24143000 - Grade: 9.88 - Grade Unit: % - Cutoff Grade: 3.5 - Cutoff Unit: % Cg #### Prior Estimate - Resource Date: 2026-04-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: Substantial inferred resource adds to project scale. - Positive factor: Significant tonnage for inferred - Negative factor: Inferred category carries lower confidence Evidence · table > 9.88 Context: 24,143 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.