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First Canadian Graphite

Graphite explorer, with a project stated to be in Quebec, Canada.

Quebec · Canada — as stated on the recordings

explorer graphite Quebec, Canada
Jul 2026Covered
5 of 10Topics on record
1 executiveNamed on the record
Stage
Explorer
Primary commodity
Graphite
Jurisdiction
Quebec, Canada
Deposit
Fleet graphite hosted in metamorphic rocks
Latest appearance
13 Jul 2026
On record
1 interview · 15 statements · 1 executive

At a glance

What the record holds today. Every card names where it came from — a management representation is not an established fact, and the page never blurs the two.

What is in the ground
1.76 million tons indicated and 1.5 million tons inferred
Management-stated John (Resource Talks) Jul 2026
Grade
17% graffitic carbon (indicated), 16.4% graffitic carbon (inferred)
Management-stated John (Resource Talks) Jul 2026
Money on hand
Raised $2.8 million in February 2024 at 30 cents with half warrant at 50 cents for 2 years; also raised $1 million flow-through at 50 cents with no warrants
Stated capital need: Company mobilizing for summer field work and fall 2026 diamond drilling
Management-stated John (Resource Talks) Jul 2026
What happens next
2026 drill program results on zone 13 and other targets
Management-stated John (Resource Talks) Jul 2026
The main open question
The resource is small by global standards and remains largely undrilled; Zone 13 lacks drilling confirmation.
Weighed from the statements below, not our opinion of the company.
Our reading
How outsiders read it
2 independent voices on record — 2 constructive
John LaGourgue, Adam Berk
Outside voices

Management view vs outside view

Management interviews are promotional by nature; the outside view is the counterweight. Both are quoted from the recordings, not added by us.

What management spends its time on

Counted from First Canadian Graphite's own claims across 1 interview — most-covered theme first.

What outside voices pick up on

2 independent voices — people who do not speak for the company — across 2 mentions.

2 constructive
  • John LaGourgue “CEO presents the company as undervalued at roughly $18M market cap given high-grade graphite asset with potential for world-class …”
  • Adam Berk “Company is tied to a graphite supply-chain thesis and near-term exploration.”

Bull · Bear · Watch next

Weighed from the statements on this page — management's pitch and the outside view. Not financial advice, and not our opinion of the company.

▲ Bull case

Management says the deposit holds 1.76 million tons of indicated graphite at 17% graffitic carbon in Canada's Tetapisca region with Zone 13 showing visible high-grade graphite at surface and multiple other targets to explore.

What it rests on
Evidence: 2 moments from 1 interview
Read the full case

Management says the deposit holds 1.76 million tons of indicated graphite at 17% graffitic carbon in Canada's Tetapisca region with Zone 13 showing visible high-grade graphite at surface and multiple other targets to explore. An outside investor noted the asset looks undervalued at roughly $18M market cap with potential for a world-class resource, and is actively buying.

▼ Bear case

The resource is small by global standards and remains largely undrilled; Zone 13 lacks drilling confirmation.

What it rests on
Evidence: 1 moment from 1 interview
Read the full case

The resource is small by global standards and remains largely undrilled; Zone 13 lacks drilling confirmation. The company has 27.2 million warrants and 1.8 million options outstanding alongside 45.1 million shares, creating substantial dilution ahead. No timeline to production or financing risk disclosed beyond near-term field work.

◆ Watch next

Diamond drilling on Zone 13 and other targets scheduled for fall 2026, followed by a resource update later that year that could support a preliminary assessment.

What it rests on
Evidence: 2 moments from 1 interview
Read the full case

Diamond drilling on Zone 13 and other targets scheduled for fall 2026, followed by a resource update later that year that could support a preliminary assessment. Environmental baseline studies are underway. Monitor whether the 2026 drill results confirm high-grade potential and whether capital is secured for those programs.

Each moment links to the exact point in the source recording. The cases are drawn from the transcripts, weighed as written — they are not a rating, a target or a recommendation.

Project 6 statements

The deposit 4

Key takeaway. Management reports that the Fleet graphite deposit is hosted in metamorphic rocks, with an indicated resource of 1.76 million tons grading 17% graphitic carbon and an inferred resource of 1.5 million tons grading 16.4% graphitic carbon, as…

Read the full summary

of July 2026. The company also points to exploration upside, noting that Zone 13 has visible high-grade graphite confirmed at surface, along with multiple other targets.

What was actually said
deposit type
Fleet graphite hosted in metamorphic rocks
“The mineralization is fleet graphite toasted in metamorphic rocks.”
John (Resource Talks)· 13 Jul 2026·
exploration upside
Zone 13 with visible high-grade graphite confirmed at surface; multiple other targets
“a new large EM target called zone 13 where visible high-grade graphite has been confirmed at surface”
John (Resource Talks)· 13 Jul 2026·
grade
17% graffitic carbon (indicated), 16.4% graffitic carbon (inferred)
“1.76 million tons of indicated graphite grading 17% graffitic carbon and there was um call it a million and a half tons in the inferred category as well at 16.4% graffitic carbon”
John (Resource Talks)· 13 Jul 2026·
Show the other 1 statement
resource size
1.76 million tons indicated and 1.5 million tons inferred
“showing 1.76 million tons of indicated graphite grading 17% graffitic carbon and there was um call it a million and a half tons in the inferred category”
John (Resource Talks)· 13 Jul 2026·

Jurisdiction 2

Key takeaway. Management says the project is located in the Tetapisca region of Northern Quebec, Canada, roughly 230 km north to northwest of Bayo (July 2026).

What was actually said
country
Canada
“First Canadian Graphite is listed as FCI on the TSXV in Canada”
John (Resource Talks)· 13 Jul 2026·
region
Northern Quebec, Tetapisca region, roughly 230 km north to northwest of Bayo
“its located in the Tetapisca region of North Quebec, which is roughly 230 km north to northwest of Bayo”
John (Resource Talks)· 13 Jul 2026·

Economics 2 statements

Financing 2

Key takeaway. Management reports it raised $2.8 million in February 2024 at 30 cents with a half warrant at 50 cents for two years, along with $1 million in flow-through financing at 50 cents with no warrants.

Read the full summary

The company says it is now mobilizing for summer field work and a fall 2026 diamond drilling program.

What was actually said
capital needed
Company mobilizing for summer field work and fall 2026 diamond drilling
“The company is currently mobilizing field crews for summer surface work focused on a new large EM target called zone 13”
John (Resource Talks)· 13 Jul 2026·
financing status
Raised $2.8 million in February 2024 at 30 cents with half warrant at 50 cents for 2 years; also raised $1 million flow-through at 50 cents with no warrants
“The last time First Canadian Graphite raised money was in February of this year. They raised $2.8 million at 30 cents with a half a warrant at 50 for 2 years. We also did a another million-doll financing, a flow through at 50 Cents with no warrants attached.”
John (Resource Talks)· 13 Jul 2026·

Timeline 4 statements

Timeline 4

Key takeaway. Management of First Canadian Graphite outlined a timeline of upcoming work on the project.

Read the full summary

Environmental baseline studies are already underway, with diamond drilling scheduled for fall of 2026. The company reports that a planned resource update is expected later in 2026, along with the release of 2026 drill program results on zone 13 and other targets.

What was actually said
catalyst
2026 drill program results on zone 13 and other targets
“The next catalyst are the results from the 2026 drill program on that zone 13 that that I told you about and other targets”
John (Resource Talks)· 13 Jul 2026·
catalyst
Planned resource update later in 2026
“followed by a planned resource update later in 2026 that could support moving toward a PA”
John (Resource Talks)· 13 Jul 2026·
milestone
Diamond drilling scheduled for fall of 2026
“diamond drilling scheduled for later so in the fall of 2026”
John (Resource Talks)· 13 Jul 2026·
Show the other 1 statement
milestone
Environmental baseline studies underway
“environmental baseline studies are now getting underway as well”
John (Resource Talks)· 13 Jul 2026·

Corporate 3 statements

Share structure 3

Key takeaway. Management reports a tight share structure as of July 2026, with 45.1 million shares outstanding.

Read the full summary

The company also notes 27.2 million warrants and 1.8 million options outstanding at that same date.

What was actually said
options
1.8 million options outstanding
“there's 1.8 million options that are outstanding”
John (Resource Talks)· 13 Jul 2026·
shares outstanding
45.1 million shares outstanding
“With a little over 45 1.5 million shares outstanding”
John (Resource Talks)· 13 Jul 2026·
warrants
27.2 million warrants outstanding
“There are uh some options. So, there's 1.8 million options that are outstanding, but there are a lot of warrants outstanding. 27.2 2 million of them that are still outstanding.”
John (Resource Talks)· 13 Jul 2026·

Outside views 2 mentions

2 mentions by people who do not speak for the company — 2 constructive, 0 cautious, 0 neutral. These are their views, not the company's.

John LaGourgue
bullish
CEO presents the company as undervalued at roughly $18M market cap given high-grade graphite asset with potential for world-class resource at Zone 13. He is actively buying shares and sees significant upside if the 20,000m drill program confirms the thesis.
Resource Talks· 13 Jul 2026·
Adam Berk
bullish
Company is tied to a graphite supply-chain thesis and near-term exploration.
The Deep Dive· 05 Mar 2026·

Sources 1 interview

Every interview 1

DateChannelInterviewStatements
13 Jul 2026 Resource Talks High-Grade Graphite in Canada, But is There Enough Scale? | First Canadian Graphite CEO Interview 15

What else those interviews covered

Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.

graphite (commodity) 1
griffin mining 1
idaho strategic resources 1
nouveau monde graphite 1
tirupati graphite 1
winsome resources 1

Questions people ask

What is First Canadian Graphite's project and where is it?

First Canadian Graphite is a explorer graphite company, with a project stated to be in Quebec, Canada. Everything here is drawn from its executives' own interviews.

Which interviews mention First Canadian Graphite?

We track 1 interview mentioning First Canadian Graphite, across 1 channel (Resource Talks).

What are investors saying about First Canadian Graphite?

2 independent voices — people who do not speak for the company — are on record discussing it (2 bullish). Their reasoning is quoted in the outside-view section above.

What do recent interviews with First Canadian Graphite cover?

The most-discussed topics on record are the deposit, timeline, share structure, financing — each claim quoted and dated in the sections above.

How to read this page

What is here

Statements made by company representatives in the interviews listed above — each one carrying the words that made it, the date, and the recording. Nothing is added from any other source: if it was not said on a recording, it is not on this page. The one exception lives in the Claims & Checks record, which cites a metal price from our own feed so a stated cost can be set against it — and labels it as ours wherever it appears.

What is not verified

All of it. Resource figures, economics, timelines and promotional framing are management's own representations, checked against no filing and no technical report. Transcripts are automatic; we repair a clearly mis-heard word but never a number, a date, a unit or a speaker's hedge — “about 8.6 million ounces” keeps its “about”.

How to use it

Treat it as a map of what has been said, not as a source of fact. Where a figure matters to you, open the recording and read the company's filings. Nothing here is financial advice, a recommendation, or an offer to buy or sell any security — these are interested parties discussing their own company.

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