July 24, 2025 – TheNewswire - Mr. Dal Stuart Brynelsen announces that:

 

On July 24, 2025, Mr. Dal Stuart Brynelsen (the “Acquiror”) personally acquired ownership of 312,000 units at $0.08 of First Canadian Graphite Inc. (TSX-V FCI) (the “Company”).  Each unit consisting of one common share and one warrant exerciseable for three (3) years at $0.10.  The common shares and warrants were issued in connection with a private placement (the “Private Placement”).  Prior to the Private Placement, the Acquiror held directly or indirectly, 2,545,960 common shares and 2,466,460  warrants.  As a result of the Private Placement, the Acquiror holds directly or indirectly 2,858,460 common shares representing approximately 12.60% of the Company’s issued and outstanding common shares.  In addition, the Acquiror exercises control and direction over an additional 2,778,960 warrants.  If the Acquiror exercised his warrants only he would hold directly and indirectly 5,637,420 common shares of the Company, representing 22.15% the issued and outstanding shares of the Company on a partially diluted basis assuming the Acquiror exercises his warrants only.

 

All securities were acquired for investment purposes. This investment will be reviewed on a continuing basis by the Acquiror and such holdings may be increased or decreased in the future. The Acquiror may in the future acquire or dispose of the securities through the open market, privately or otherwise, as circumstances or market conditions warrant.

 

The Acquiror has filed an Early Warning Report pursuant to National Instrument 62-103F1 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues describing the above transaction with the applicable securities regulatory authorities.  A copy of the Early Warning Report is available on SEDAR at www.sedarplus.ca under the profile of the Company.

 

Signed:  Dal Stuart Brynelsen

       

Dal Stuart Brynelsen

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.