First Canadian Graphite Inc. (FCI) Financings
TSXV: FCI · Graphite · Exploration stage
- Market cap$28.0M
- Share price$0.560
- 52-week range$0.150 – $0.600
- Shares outstanding50,043,405
- ExchangeTSXV
- Websitewww.fcgraphite.com
FC graphite is engaged in the exploration of critical minerals and is committed to advancing its Lac Gueret South high-grade graphite property to support applications in energy transition and advanced technologies. The Lac Gueret South Project (formerly the Berkwood Project) borders Nouveau Monde Graphite's Uatnan graphite project in the southwest Manicouagan reservoir area, approximately 234 km north-northwest of Baie-Comeau in Quebec's Cote-Nord region, on the Nitassinan (ancestral territory) of the Pessamit Innu. Recent work at Zone 13 has outlined a significant new high-grade graphite-bearing anomaly with a confirmed strike length of 3.3 km and widths exceeding 150 m. Prospecting on this discovery has returned surface and near-surface high-grade graphite, with 46 samples assaying up to 43.4% graphitic carbon (Cg). The Company's land claims and optioned ground now exceed 200 km², establishing one of the most extensive claim portfolios in the Lac Gueret Graphite District.
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First Canadian Graphite Inc. financial statements
Key figures read from 37 of 38 financial statement filings, Oct 12, 2016 to Jul 30, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$2,690,781 | C$293,468 | C$240,175 | C$787,954 | C$3,200,504 |
| Total current assets | C$2,769,112* | C$360,756* | C$261,608* | C$841,113* | C$3,693,038* |
| Exploration and evaluation assets | C$1,236,126 | C$1,213,516 | C$1,798,515 | C$1,749,931 | C$1,683,489 |
| Total assets | C$4,007,475 | C$1,577,069 | C$2,066,689 | C$2,599,800 | C$5,388,255 |
| Shareholders' equity | C$3,885,198 | C$646,994 | C$1,706,859 | C$2,430,922 | C$5,310,418 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Feb 2026 | FY Feb 2025 | FY Feb 2024 | FY Feb 2023 | FY Feb 2022 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$386,101 | C$544,093 | C$438,710 | C$2,244,962 | C$734,014 |
| General and administrative | C$348,737 | C$391,180 | C$469,567 | C$458,017 | C$658,285 |
| Share-based compensation | C$337,670 | C$114,113 | C$209,629 | C$34,806 | C$398,458 |
| Impairments and write-downs | C$0 | C$584,999 | C$57,194 | — | C$0 |
| Net income (loss) | (C$1,324,398) | (C$1,915,478) | (C$1,784,254) | (C$3,241,146) | (C$2,445,801) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Feb 2026 | FY Feb 2025 | FY Feb 2024 | FY Feb 2023 | FY Feb 2022 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$1,805,009) | — | (C$1,318,136)* | (C$2,672,952)* | (C$2,380,121)* |
| Investing cash flow | (C$22,610) | — | (C$50,000)* | (C$9,248)* | (C$13,953)* |
| Financing cash flow | — | — | C$820,357* | C$269,650* | C$4,720,351* |
| Exploration spending (capitalized) | (C$22,610) | — | (C$50,000) | (C$9,248) | (C$13,953) |
| Proceeds from share issues | — | — | — | C$280,000 | C$4,982,600 |
| Change in cash | C$2,397,313 | C$53,293 | (C$547,779) | (C$2,412,550) | C$2,326,277 |
| Cash at end of period | C$2,690,781 | C$293,468 | C$240,175 | C$787,954 | C$3,200,504 |
* Calculated from the statement's own lines: the company did not print this total with a label.
First Canadian Graphite Inc. financings
4 financings announced or closed by First Canadian Graphite Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-03-06 | First Canadian Graphite Inc. (FCI) | Flow-through | Closed, 1 tranche | $1.0M | $0.500 | First Canadian Graphite Inc. Closes Financing – $1,025,000 |
| 2026-01-26 | First Canadian Graphite Inc. (FCI) | Private placement | Closed, 3 tranches | $2.8M | $0.300 | First Canadian Graphite Inc. announces Financing |
| 2025-11-18 | First Canadian Graphite Inc. (FCI) | Flow-through | Closed, 1 tranche | $740K | $0.150 | First Canadian Graphite Inc. announces Financings |
| 2025-07-18 | First Canadian Graphite Inc. (FCI) | Private placement | Tranche closed, 2 tranches | $400K | $0.080 | First Canadian Graphite Inc. - Private Placement |