# Focus Graphite Announces One of the Largest Identified Graphite Deposits Globally at the Lac Tetepisca Project Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/focus-graphite-announces-one-of-the-largest-identified-graphite-deposits-globall--eae677d6-3256-4ace-be02-c0b6e251fe05 Original source: https://orestocks.com/company/FMS.V/press-releases/8471147355945613 Publisher: orestocks Original announcement: 2026-05-07T13:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-01T03:58:25.944Z Atlas analysis updated: 2026-10-01T03:58:25.944Z - Company: Focus Graphite Inc. - Ticker: FMS - Exchange: TSXV - Region: Quebec - Primary commodity: Graphite - Secondary commodities: None reported - Document categories: Resource update - Extracted: 2026-10-01 03:58:26 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. The estimate includes 120.16 Mt of Indicated resource at 10.27% Cg and 24.14 Mt of Inferred resource at 9.88% Cg, based on a 3.5% Cg cut-off. Reasoning: The announcement of a large-scale, high-grade graphite resource at Lac Tetepisca represents a major project milestone. - Positive factor: Significant scale with 120 Mt Indicated resource - Positive factor: High grade \(10.27% Cg\) for an indicated resource - Positive factor: NI 43-101 compliant with QP sign-off - Positive factor: QA/QC procedures and laboratory details disclosed - Negative factor: Resource is entirely Inferred or Indicated; no reserves established Facts used in scoring: 2 ## Classification and evidence **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 the requirements of NI 43-101. Evidence · text > pursuant to the requirements of National Instrument 43-101 **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: Qualified persons Jean-Michel Dubé and Alexandre Burelle are named as responsible for the estimate. Evidence · text > The independent and qualified persons \("QPs"\) for the mineral resource estimate... are Jean-Michel Dubé, P.Geo. from IOS Geosciences and Alexandre Burelle, P.Eng., from Evomine Consulting. **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: A significant portion of the resource is in the Inferred category. Evidence · text > 24,143 ktonnes of Inferred Mineral Resources ## 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-staging.minestarters.com/news/focus-graphite-announces-one-of-the-largest-identified-graphite-deposits-globall--eae677d6-3256-4ace-be02-c0b6e251fe05#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, Rejean Girard - Resource group id: resource:2e53837c6324a67a7e4c - 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 #### Lab - Laboratory: COREM #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: Strong indicated resource grade and scale. - 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-staging.minestarters.com/news/focus-graphite-announces-one-of-the-largest-identified-graphite-deposits-globall--eae677d6-3256-4ace-be02-c0b6e251fe05#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, Rejean Girard - Resource group id: resource:4fc008aa17f13b0568c0 - 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 #### Lab - Laboratory: COREM #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: Significant inferred resource supporting project scale. - Positive factor: High grade for inferred category - Negative factor: Inferred status limits economic 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.