# Focus Graphite Establishes C$2.0 Million Revolving Credit Facility with CIBC to Support Government-Funded Work Programs and Working Capital

- Link: https://www.thailand-business-news.com/pr-news/focus-graphite-establishes-c2-0-million-revolving-credit-facility-with-cibc-to-support-government-funded-work-programs-and-working-capital
- Published: 2026-09-14T18:20:00+07:00
- Author: Media OutReach

#### _Facility provides working-capital flexibility to bridge reimbursement timing under more than C$15 million of previously announced non-dilutive federal funding_

Ottawa, Ontario – [Newsfile Corp.](https://www.newsfilecorp.com/) – September 14,
2026 – **Focus Graphite Inc. (TSXV: FMS) (OTCQB: FCSMF) (FSE: FKC0) **(“**Focus**”
or the “**Company**“), a Canadian developer of high-grade flake graphite deposits
and advanced graphite materials for battery, defence and industrial applications,
is pleased to announce that it has established a secured revolving line of credit
facility of up to C$2.0 million (the “**Facility**“) with Canadian Imperial Bank
of Commerce (“**CIBC**“).

 The Facility provides Focus with additional working-capital flexibility as the 
Company advances work programs supported by previously announced non-dilutive government
funding agreements. In particular, the Facility is intended to help bridge the timing
between Focus’s payment of eligible project expenditures, the subsequent submission
and review of claims under applicable contribution agreements, and the receipt of
corresponding government contributions.

 Focus has secured more than C$15 million in previously announced non-dilutive federal
funding to support development of its Lac Knife Graphite Project and downstream 
graphite-processing initiatives. This includes up to approximately C$14.1 million
in non-repayable funding from Natural Resources Canada (“**NRCan**“) under the Global
Partnerships Initiative (“**GPI**“), announced December 8, 2025, and up to C$1,378,700
in non-repayable funding under NRCan’s First and Last Mile Fund (“**FLMF**“), announced
June 3, 2026.

 The GPI funding supports Focus’s program to advance electrothermal purification
of Canadian natural flake graphite and the development, piloting and demonstration
of ultra-high-purity graphite production capabilities. The FLMF funding supports
engineering, environmental, permitting, Indigenous engagement and feasibility activities
associated with planned road and electrical infrastructure serving the Company’s
Lac Knife Graphite Project in Quebec.

 As these programs move further into active execution, Focus expects the scale and
frequency of eligible expenditures to increase. The Facility is intended to provide
liquidity during the period between the Company’s payment of qualifying project 
costs and receipt of eligible government contributions, allowing capital to be recycled
as reimbursements are received while maintaining continuity across funded work programs.
All funding remains subject to the terms, eligible expenditure requirements and 
reimbursement procedures of the applicable contribution agreements.

 Importantly, no common shares, warrants or other securities of Focus were issued
in connection with the Facility. The Company believes the addition of conventional
bank financing provides greater flexibility to manage short-term working-capital
requirements while reducing the need to access the equity markets solely to bridge
reimbursement timing.

 Dean Hanisch, Chief Executive Officer of Focus Graphite, commented, “The scale 
of non-dilutive government funding Focus has secured creates an important opportunity
to advance Lac Knife, related infrastructure and our downstream technology programs
while preserving shareholder capital. Because these contribution programs generally
require eligible expenditures to be incurred before reimbursement is received, this
revolving facility gives us an efficient way to bridge that timing difference and
maintain momentum across our funded work programs. Our intention is to use the Facility
as a working-capital bridge, reduce borrowings as approved government contributions
are received and recycle that availability into subsequent phases of work where 
appropriate. Adding conventional bank credit gives us greater financial flexibility
without issuing equity or warrants and supports our broader objective of minimizing
unnecessary shareholder dilution as we execute on these programs.”

 **CIBC Revolving Credit Facility**

 Under the Facility, Focus has access to a revolving demand line of credit of up
to C$2.0 million. Amounts drawn under the Facility bear interest at CIBC’s Prime
Rate plus 2.00% per annum. Principal amounts borrowed and subsequently repaid may
be re-borrowed, providing Focus with flexibility to manage recurring working-capital
requirements as its funded programs progress.

 Amounts outstanding under the Facility are repayable on demand. The Facility is
secured by a first security interest over the present and after-acquired personal
property of Focus Graphite Inc. and is supported by an unlimited guarantee from 
the Chairman of Focus Graphite.

 The Facility may be used for day-to-day cash flow requirements, including working
capital associated with the timing of expenditures and reimbursements under the 
Company’s government-supported programs, as well as for general corporate working-
capital purposes.

 While the Facility is intended to reduce the Company’s reliance on equity financing
for these short-term requirements, it does not preclude Focus from accessing the
equity markets or other sources of capital in the future where the Company determines
such financing is appropriate to advance its broader development strategy.

 **About Focus Graphite Advanced Materials Inc.** 
 Focus Graphite is building an
integrated graphite platform to supply the industries shaping the future. Through
the development of world-class graphite resources, advanced processing technologies
and higher-value advanced materials, the Company is positioning itself to support
battery, defence, advanced manufacturing and other strategic industries across North
America and allied markets.

 The platform is anchored by the Company’s two 100%-owned graphite assets in Quebec.
Lac Knife is one of North America’s highest-grade feasibility-stage graphite deposits,
while Lac Tetepisca is one of the largest identified graphite resources globally.
Together with strategic technology partnerships and government-supported innovation
initiatives, these assets provide the foundation for a secure, scalable and increasingly
integrated graphite supply chain.

 For more information on Focus Graphite Inc., please visit [http://www.focusgraphite.com](https://api.newsfilecorp.com/redirect/A8j4vF4WxO)

 LinkedIn: [https://www.linkedin.com/company/focus-graphite/](https://api.newsfilecorp.com/redirect/ZED8WibwEe)

Facebook: [https://www.facebook.com/focusgraphite](https://api.newsfilecorp.com/redirect/anJz8hX8bn)
X: [https://x.com/focusgraphite](https://api.newsfilecorp.com/redirect/24p0aFWn4R)

 **Investors Contact: ** 
 Dean Hanisch  CEO, Focus Graphite Inc.  [dhanisch@focusgraphite.com](https://www.thailand-business-news.com/pr-news/dhanisch@focusgraphite.com)
+1 (613) 612-6060

 Jason Latkowcer 
 VP Corporate Development  [jlatkowcer@focusgraphite.com](https://www.thailand-business-news.com/pr-news/jlatkowcer@focusgraphite.com)

 **Cautionary Note Regarding Forward-Looking Statements** 
 _Certain statements 
contained in this press release constitute forward-looking information. These statements
relate to future events or future performance. The use of any of the words “could,”“
intend,” “expect,” “believe,” “will,” “projected,” “estimated,” and similar expressions,
as well as statements relating to matters that are not historical facts, are intended
to identify forward-looking information and are based on the Company’s current beliefs
or assumptions as to the outcome and timing of such future events._

 _In particular, this press release contains forward-looking information regarding,
among other things, the Company’s intended use of the C$2.0 million revolving credit
facility with CIBC; the Company’s ability to draw, repay and re-borrow amounts under
the Facility in accordance with its terms; the use of the Facility to support working-
capital requirements and to bridge the timing between the incurrence and payment
of eligible project expenditures and the submission, review and receipt of corresponding
government contributions; the anticipated timing, availability and receipt of reimbursements
under previously announced funding agreements with Natural Resources Canada, including
the Global Partnerships Initiative and First and Last Mile Fund; the Company’s ability
to satisfy applicable eligibility, reporting, reimbursement and other requirements
under those funding agreements; the continued advancement and execution of work 
programs supported by such non-dilutive government funding, including activities
related to the Lac Knife Graphite Project, associated infrastructure and the Company’s
downstream graphite purification initiatives; the Company’s expectations regarding
the scale and timing of expenditures under those programs; the potential for the
Facility to provide additional financial and working-capital flexibility, maintain
continuity across funded work programs and reduce the Company’s need to access the
equity markets solely to bridge reimbursement timing; the Company’s ability to reduce
borrowings as government contributions are received and to recycle availability 
under the Facility into subsequent phases of work where appropriate; and the Company’s
future capital requirements and ability to access equity financing, debt financing
or other sources of capital where the Company determines such financing is appropriate
to advance its broader development strategy._

 _Forward-looking statements are subject to known and unknown risks, uncertainties,
and other factors that may cause actual results, performance, or achievements to
differ materially from those expressed or implied by such statements. These risks
and uncertainties include, but are not limited to, risks related to market conditions,
regulatory approvals, changes in economic conditions, the ability to raise sufficient
funds on acceptable terms or at all, operational risks associated with mineral exploration
and development, and other risks detailed from time to time in the Company’s public
disclosure documents available under its profile on SEDAR+._

 _The forward-looking information contained in this release is made as of the date
hereof, and the Company is not obligated to update or revise any forward-looking
information, whether as a result of new information, future events, or otherwise,
except as required by applicable securities laws. Because of the risks, uncertainties,
and assumptions contained herein, investors should not place undue reliance on forward-
looking information._

 _Neither TSX Venture Exchange nor its Regulation Services accepts responsibility
for the adequacy or accuracy of this release._

The issuer is solely responsible for the content of this announcement.

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**Source** : [Focus Graphite Establishes C$2.0 Million Revolving Credit Facility with CIBC to Support Government-Funded Work Programs and Working Capital](https://www.media-outreach.com/news/canada/2026/09/14/487328/?rand=186006)

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