Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Focus Graphite ( (TSE:FMS) ) has issued an update.
Focus Graphite Inc. announced the settlement of $865,000 in debt owed to JJJY Holdings Inc. by issuing 11,533,333 common shares at a price of $0.075 per share. This transaction, classified as a ‘related party transaction,’ is exempt from certain regulatory requirements due to its valuation being less than 25% of the company’s market capitalization, and it represents a strategic financial restructuring for the company.
More about Focus Graphite
Focus Graphite Inc. is an advanced materials company focused on developing sustainable mining and technology innovations, with a key asset being the Lac Knife flake graphite deposit known for its high purity and grade. The company specializes in producing high-purity graphite materials for various industries including EV batteries, military applications, and high-tech manufacturing, utilizing proprietary, environmentally sustainable processing technologies.
YTD Price Performance: 7.69%
Average Trading Volume: 22,714
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.27M
For an in-depth examination of FMS stock, go to TipRanks’ Stock Analysis page.
