First Canadian Graphite (FCI) investor relations material

Strategic vision and resource potential

• New CEO with investment background aims to capitalize on high-grade graphite resource in a top global district.

• Current resource is targeted for a tenfold increase, with field work and drilling set to begin soon.

• Project spans 167 sq km in Quebec, with proximity to major infrastructure and high-grade neighboring deposits.

• Multiple zones offer potential to expand resource to over 100 million tons, supported by recent airborne EM surveys.

• Jumbo and large flake graphite of highest quality is present, with surface outcrops and strong EM anomalies.

Operational plans and infrastructure

• Year-round road and rail access, grid power, and proximity to Baie-Comeau port enable international shipping.

• Extraction will focus on one zone at a time, with on-site milling to produce 95–98% graphite concentrate.

• Concentrate will be shipped by truck to processors, avoiding vertical integration into anode production.

• On-site processing is planned, with no intention to upgrade beyond concentrate.

• Infrastructure is largely in place, minimizing initial capital outlay for logistics.

Market context and demand

• Global graphite demand for batteries is ten times that of lithium, with North America lacking domestic production.

• Interest from automakers and government entities due to supply chain concerns and "Buy American" policies.

• China dominates graphite production and processing, creating opportunities for new entrants.

• Comparable projects in the region have high NPVs and market caps, indicating significant upside.