{"version":"1","article":{"id":"first-canadian-graphite-proposes-3-million-financing-lac-gueret-2026","slug":"first-canadian-graphite-proposes-3-million-financing-lac-gueret-2026","language":"en","url":"https://haberpaper.com/en/news/first-canadian-graphite-proposes-3-million-financing-lac-gueret-2026","api_url":"https://haberpaper.com/api/v1/articles/first-canadian-graphite-proposes-3-million-financing-lac-gueret-2026?lang=en","title":"First Canadian Graphite proposes C$3-million financing for Lac Guéret South","summary":"The company plans to use proceeds for stripping and a proposed 20,000-metre drill program at its Quebec graphite project.","category":"business","region":"world","topics":["commodities"],"published_at":"2026-10-22T05:34:35+03:00","modified_at":"2026-10-22T21:06:55+03:00","publication_basis":"publication-record","event_period":"2026-10-21","event_period_basis":"event-or-reference-period","sources":[{"name":"First Canadian Graphite Inc. (issuer release via ACCESS Newswire)","url":"https://www.accessnewswire.com/newsroom/en/metals-and-mining/first-canadian-graphite-inc.-announces-3m-financing-1239194","publishedAt":"2026-10-21","checkedAt":"2026-10-22"}],"translations":[{"language":"tr","url":"https://haberpaper.com/tr/news/first-canadian-graphite-proposes-3-million-financing-lac-gueret-2026","api_url":"https://haberpaper.com/api/v1/articles/first-canadian-graphite-proposes-3-million-financing-lac-gueret-2026?lang=tr"},{"language":"en","url":"https://haberpaper.com/en/news/first-canadian-graphite-proposes-3-million-financing-lac-gueret-2026","api_url":"https://haberpaper.com/api/v1/articles/first-canadian-graphite-proposes-3-million-financing-lac-gueret-2026?lang=en"},{"language":"ar","url":"https://haberpaper.com/ar/news/first-canadian-graphite-proposes-3-million-financing-lac-gueret-2026","api_url":"https://haberpaper.com/api/v1/articles/first-canadian-graphite-proposes-3-million-financing-lac-gueret-2026?lang=ar"},{"language":"fr","url":"https://haberpaper.com/fr/news/first-canadian-graphite-proposes-3-million-financing-lac-gueret-2026","api_url":"https://haberpaper.com/api/v1/articles/first-canadian-graphite-proposes-3-million-financing-lac-gueret-2026?lang=fr"},{"language":"es","url":"https://haberpaper.com/es/news/first-canadian-graphite-proposes-3-million-financing-lac-gueret-2026","api_url":"https://haberpaper.com/api/v1/articles/first-canadian-graphite-proposes-3-million-financing-lac-gueret-2026?lang=es"}],"data_types":[],"relationships":{"entities":[{"id":"first-canadian-graphite","type":"organization","name":"First Canadian Graphite","name_language":"en","collection_url":"https://haberpaper.com/en/entity/organization:first-canadian-graphite","evidence":{"source_url":"https://www.accessnewswire.com/newsroom/en/metals-and-mining/first-canadian-graphite-inc.-announces-3m-financing-1239194","text":"First Canadian Graphite proposes C$3-million financing for Lac Guéret South","language":"en"}},{"id":"lac-gueret-south","type":"project","name":"Lac Guéret South","name_language":"en","collection_url":"https://haberpaper.com/en/entity/project:lac-gueret-south","evidence":{"source_url":"https://www.accessnewswire.com/newsroom/en/metals-and-mining/first-canadian-graphite-inc.-announces-3m-financing-1239194","text":"First Canadian Graphite proposes C$3-million financing for Lac Guéret South","language":"en"}},{"id":"quebec","type":"place","name":"Quebec","name_language":"en","collection_url":"https://haberpaper.com/en/entity/place:quebec","evidence":{"source_url":"https://www.accessnewswire.com/newsroom/en/metals-and-mining/first-canadian-graphite-inc.-announces-3m-financing-1239194","text":"The company plans to use proceeds for stripping and a proposed 20,000-metre drill program at its Quebec graphite project.","language":"en"}}],"event":null,"contextual_links":[],"timeline":[{"id":"pmet-shaakichiuwaanaan-drill-program-october-2026","url":"https://haberpaper.com/en/news/pmet-shaakichiuwaanaan-drill-program-october-2026","language":"en","title":"PMET reports more than 30,000 metres drilled at Quebec lithium project","event_period":"2026-10-20","event_period_basis":"event","published_at":"2026-10-22T05:34:35+03:00","relationship_basis":"entity"},{"id":"first-canadian-graphite-proposes-3-million-financing-lac-gueret-2026","url":"https://haberpaper.com/en/news/first-canadian-graphite-proposes-3-million-financing-lac-gueret-2026","language":"en","title":"First Canadian Graphite proposes C$3-million financing for Lac Guéret South","event_period":"2026-10-21","event_period_basis":"event","published_at":"2026-10-22T05:34:35+03:00","relationship_basis":"entity"},{"id":"quebec-merchandise-exports-imports-august-2026","url":"https://haberpaper.com/en/news/quebec-merchandise-exports-imports-august-2026","language":"en","title":"Quebec merchandise exports fell 0.9% in August","event_period":"2026-10-21","event_period_basis":"event","published_at":"2026-10-22T05:34:35+03:00","relationship_basis":"entity"}]},"data":null,"data_compilations":[],"data_downloads":[],"content":{"paragraphs":["First Canadian Graphite said on 21 October that it intends to raise C$3 million by issuing 6,666,667 units at C$0.45 each. Each unit would include one common share and half of a warrant exercisable at C$0.75 for two years. The financing had not closed when announced and remained subject to exchange and other required approvals. If the shares trade on the TSX Venture Exchange at or above C$1.10 for 10 consecutive days, the company may give written notice shortening the remaining warrant exercise period to no less than 30 days.","The company said proceeds would support working capital and planned stripping and an anticipated 20,000-metre diamond-drilling program at Lac Guéret South in Quebec’s Côte-Nord region. The financing and program are proposals; the release does not say that drilling has begun or that a mineral resource estimate is complete."],"key_points":[],"sections":[]},"text":"The company plans to use proceeds for stripping and a proposed 20,000-metre drill program at its Quebec graphite project.\n\nFirst Canadian Graphite said on 21 October that it intends to raise C$3 million by issuing 6,666,667 units at C$0.45 each. Each unit would include one common share and half of a warrant exercisable at C$0.75 for two years. The financing had not closed when announced and remained subject to exchange and other required approvals. If the shares trade on the TSX Venture Exchange at or above C$1.10 for 10 consecutive days, the company may give written notice shortening the remaining warrant exercise period to no less than 30 days.\n\nThe company said proceeds would support working capital and planned stripping and an anticipated 20,000-metre diamond-drilling program at Lac Guéret South in Quebec’s Côte-Nord region. The financing and program are proposals; the release does not say that drilling has begun or that a mineral resource estimate is complete.\n\nAdded the conditional acceleration provision affecting the warrant exercise period.","corrections":[{"at":"2026-10-22T21:06:55+03:00","language":"en","text":"Added the conditional acceleration provision affecting the warrant exercise period."}],"editorial_illustration":{"kind":"symbolic-editorial-illustration","documentary":false,"scope":"article","asset_id":"mineral-exploration-core-trays","url":"https://haberpaper.com/assets/illustrations/mineral-exploration-core-trays-1536.webp","width":1536,"height":1024,"alt":"Symbolic mineral-exploration workbench with unmarked core boxes, grey rock samples and a drill bit.","language":"en","caption":"AI-generated symbolic illustration. Symbolic mineral-exploration tools; no actual company, deposit, assay result or reserve is depicted.","caption_language":"en"},"section_illustration":{"kind":"symbolic-editorial-illustration","documentary":false,"scope":"section","asset_id":"business","url":"https://haberpaper.com/assets/illustrations/business-1536.webp","width":1536,"height":1024,"alt":"Symbolic industrial workshop with machinery, a warehouse and a crane.","language":"en"}}}