KINGSTON, Ontario, Aug. 03, 2018 (GLOBE NEWSWIRE) -- Focus Graphite Inc. (“Focus”) (TSX-V:FMS) (OTCQX:FCSMF) (FSE:FKC) is pleased to report that the technical report by DRA\Met-Chem on the Kwyjibo project PEA is now available on www.sedar.com under Focus Graphite Inc. The summary results of the PEA were released by the Company and joint-venture partner SOQUEM Inc. on June 28 (refer to Focus news release dated June 28, 2018, available at www.focusgraphite.com).
Key components of the recently SEDAR filed technical report outline the Kwyjibo project's potential as a supplier for some of the most highly sought after rare earth elements, such as Neodymium, to meet the burgeoning demand for electric motors, energy storage solutions and electric vehicles around the globe.
Gary Economo, CEO of Focus Graphite states: "With Neodymium being a highly sought after rare earth element being used in the permanent magnet motors of electric vehicles such as Tesla's Model 3 Long Range, we are excited by this report on the Kwyjibo project. Not only is it a validation of our commitment to being a key player in supplying the critical rare earth elements used to power the technologies of the future; but it also demonstrates our commitment to building the key partnerships that will make our goal a reality."
About Focus Graphite
Focus Graphite Inc. is an emerging mid-tier junior mining development company, a technology solutions supplier and a business innovator. Focus is the owner of the Lac Knife flake graphite project located 27 km south of Fermont, Québec, currently at the advanced environment assessment stage. To meet Québec stakeholder interests for the transformation of mine concentrate within the province and to add shareholder value, Focus is evaluating the feasibility of producing value-added graphite products including battery-grade spherical graphite.
Focus also holds a significant equity position in graphene applications developer Grafoid Inc. and is a member of the 2GL Alliance with Grafoid, Stria Lithium Inc. and Braille Battery Inc.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Focus Graphite Inc.
Mr. Gary Economo
Chief Executive Officer
+1-613-241-4040
geconomo@focusgraphite.com
www.focusgraphite.com