Focus Graphite
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Focus Graphite Chairman Converts C$200K Loan to Equity, Bolstering Balance Sheet for Upcoming Milestones
Focus Graphite (FCSMF) Chairman Jeff York converted C$200,000 of his personal loan into company equity, representing 571,428 shares. This conversion is part of an initiative to eliminate York’s total loan of C$1,535,000 and improve the company’s financial standing. To adhere to TSX Venture Exchange regulations, York sold 488,000 shares. The company intends to continue converting debt to equity strategically to protect shareholder value and propel the advancement of the Lac Knife and Lac Tetepisca graphite projects.
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Focus Graphite’s Lac Knife Graphite Validated in Hypersonic Rocket Launch
Focus Graphite’s Lac Knife graphite was successfully tested in Pluto Aerospace’s Dash 1 Flight 003 rocket launch, reaching over 45,000 feet. The graphite nozzle components withstood temperatures exceeding 3,000°C. This marks Focus Graphite’s entry into aerospace and defense applications. Future tests are planned for graphene-based coatings for icephobic and radar suppression on rockets and UAVs. The project involved collaboration with American Energy Technologies Company, Pluto Aerospace, and ACP Technologies, utilizing North American materials. This positions Focus Graphite as a potential supplier for critical military applications.