First Canadian Graphite closes option to earn 100% of 51 Northern Quebec mining claims for Cdn. $30,000, 1,200,000 shares and Cdn. $500,000 exploration spend

Reuters2026/07/31 21:00

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First Canadian Graphite secured a property option to earn 100% of 51 mining claims in Northern Quebec.
Consideration totals CAD 30,000 cash, 1,200,000 common shares at a deemed CAD 0.40, exploration spending of at least CAD 500,000 by year three.
Milestone bonuses set at CAD 100,000 on a PEA, CAD 250,000 on a feasibility study, CAD 500,000 on commercial production.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Canadian Graphite Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202607311700ACCESSWRNAPR_____1199740) on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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First Canadian Graphite closes option to earn 100% of 51 Northern Quebec mining claims for Cdn. $30,000, 1,200,000 shares and Cdn. $500,000 exploration spend

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