FRC
FRC Logo
Sign InGet Access

Connect With Us

Stay updated with our latest research and insights

Fundamental Research Corp Logo

Highly ranked equity research firm providing institutional grade tools and analysis to all investors worldwide. Trusted by global investors for over 20+ years.

20+ Years

Policies

  • Privacy Policy
  • Terms of Service
  • Disclaimer

Company

  • About Us
  • Our Team
  • Contact Us

Resources

  • Videos
  • Research Reports
  • FAQ

© 2026 Fundamental Research Corp. All Rights Reserved.

Professional investment research since 2003

Home
Research
Get Access
Sign In
Focus Graphite Inc. Stock AnalysisComprehensive stock analysis for Focus Graphite Inc. (FMS.V) including live price, Snowflake performance metrics, financial statements, and investment research.Stock AnalysisFMS.V
FMS.V
Focus Graphite Inc.
  • Company Overview
  • FRC Research
  • Financial Data
  • Peer Comparison
  • Ownership & News
FMS.V
Home🔹Stocks🔹Focus Graphite Inc.

Focus Graphite Inc.

FRC Coverage
FMS.V•TSXV

Focus Graphite Inc.

FRC Coverage
FMS.V•TSXV
Sentiment

Your view on FMS.V

Sentiment
Your view
FMS.V
Focus Graphite Inc.
  • Company Overview
  • FRC Research
  • Financial Data
  • Peer Comparison
  • Ownership & News
FMS.V
Company Overview

Overview

What the company does, where it operates, and who runs it.

*Focus Graphite Inc. has paid FRC a fee for research coverage and distribution of reports.

About Focus Graphite Inc.

Industry
Industrial Materials
Sector
Basic Materials
CEO
Dean Hanisch
Headquarters
945 Princess Street, Kingston, ON, CA
Industry
Industrial Materials
Sector
Basic Materials
CEO
Dean Hanisch
Headquarters
945 Princess Street, Kingston, ON, CA
Description

Focus Graphite Inc., an exploration stage company, acquires, explores, and develops mineral properties in Quebec, Canada. The company explores for graphite, iron, copper, rare-earth elements, and gold deposits. Its flagship property is the Lac Knife property in which it holds 100% interests that consists of 57 claims covering an area of 29,863 hectares located in the Côte Nord region of Québec. The company was formerly known as Focus Metals Inc. and changed its name to Focus Graphite Inc. in May 2012. The company was incorporated in 1998 and is based in Kingston, Canada.

FRC Research
Buy
Fair Value Estimate
CAD$2.03

Raising Our Fair Value Estimate on Transformational Resource Upgrade

Report · May 25, 2026

Sign in to view

FRC Research
Buy
Fair Value Estimate
CAD$2.03

Raising Our Fair Value Estimate on Transformational Resource Upgrade

Report · May 25, 2026

Sign in to view

FRC Research

Research Reports

FRC analyst coverage and recommendations.

Past Reports

Historical coverage archive.

Analyst Notes

Ongoing commentary and updates from FRC analysts.

Media

Infographics, videos, and posts covering the company.

Financial Data

Stock Data

Price chart, volume, and trading data.

Fair Value

What FRC thinks the stock is worth vs. the current price.

FRC's fair value estimate for Focus Graphite Inc., and the rating behind it. FRC analysts run the firm's valuation model across the companies on this platform to estimate what each one is worth, rather than republishing a consensus average. Shows the current estimate, our rating, and when it was last revised. A free account covers 7 company valuations a month; a paid subscription is unlimited.

Financial Ratios

Profitability, returns, valuation, and leverage ratios.

Valuation, profitability, liquidity and leverage ratios for Focus Graphite Inc.. P/E, P/B, EV/EBITDA, margins, return on equity, current ratio and debt coverage, each shown against the company's own history.

Dividend Analysis

Yield, payout ratio, and dividend coverage metrics.

Dividend history, yield and payout sustainability for Focus Graphite Inc.. Per-share payments, yield over time, payout ratio and growth streak, with coverage measured against free cash flow.

Earnings Analysis

EPS history, beat rate, and upcoming earnings reports.

Reported vs. expected earnings history for Focus Graphite Inc.. EPS surprises by quarter, revenue against estimates, and the upcoming reporting date.

Financial Statements

Income statement, balance sheet, and cash flow statements.

Income statement, balance sheet and cash flow history for Focus Graphite Inc.. Annual and quarterly filings with period-over-period comparison, so you can trace how revenue, margins and cash generation have moved.

Peer Comparison

Comparables

List of peer companies in the same industry.

Focus Graphite Inc. valued side by side against its closest peers. Peer-relative multiples and operating metrics, so the valuation is read in the context of its own sector rather than in isolation.

Ownership & News

Institutional Ownership

Which funds and firms own the stock.

Which institutions hold Focus Graphite Inc., and how their positions are changing. Top holders, position sizes, and quarter-over-quarter accumulation or distribution from regulatory filings.

Insider Trading

Recent buying and selling by company executives.

Buying and selling by Focus Graphite Inc. executives and directors. Insider transactions as disclosed to regulators, with role, size and date — the clearest read on how the people running the company are positioned.

Senate Trading

U.S. Senator disclosures filed under the STOCK Act.

U.S. Senate disclosures naming Focus Graphite Inc.. Senators' reported transactions in this security, alongside the fundamentals — a signal most research platforms leave out entirely.

House Trading

U.S. Representative disclosures filed under the STOCK Act.

U.S. House of Representatives disclosures naming Focus Graphite Inc.. Representatives' reported transactions in this security, shown next to the company's fundamentals.

News

Latest headlines and market coverage.

Latest headlines and company announcements for Focus Graphite Inc.. Press releases and market coverage, newest first.

Research Reports

2 reports

*Focus Graphite Inc. has paid FRC a fee for research coverage and distribution of reports.

May 25, 2026

Raising Our Fair Value Estimate on Transformational Resource Upgrade

Focus Graphite Inc. highlights an 84% market discount on its Lac Knife project, with plans for metallurgical testing to assess economic viability.

Thumbnail for Raising Our Fair Value Estimate on Transformational Resource Upgrade
Mar 19, 2026

The Graphite Arbitrage: High-Grade, Low-Cost Supply for Defense & Critical Industries – Initiating Coverage

Focus Graphite Inc. received $14M in funding to produce ultra-high-purity graphite, targeting military and advanced technology applications.

Thumbnail for The Graphite Arbitrage: High-Grade, Low-Cost Supply for Defense & Critical Industries – Initiating Coverage
6 notes

*Focus Graphite Inc. has paid FRC a fee for research coverage and distribution of reports.

Aug 4, 2026·1 week agoLatest
Company Announcement

Produces Premium Graphite Concentrate

FRC Analyst's Comment

FMS produced 850 kg of graphite concentrate grading up to 98.7% carbon from its Lac Knife project in Quebec using conventional mechanical processing alone. Typical mechanically processed graphite concentrates grade 94–97% carbon, while battery-grade graphite generally requires 99.95%+ carbon through chemical or thermal purification. We believe achieving such a high initial grade has the potential to reduce downstream processing costs, improve recoveries, and enhance project economics.

Aug 4, 20261 week agoLatest
Jul 20, 2026·3 weeks ago
Company Announcement

Optimized Access Route Could Enhance Economics

FRC Analyst's Comment

FMS completed an access road study for its Lac Knife project in Quebec, identifying a preferred access route that is expected to require significantly less new road construction than the route assumed in the 2023 feasibility study. The optimized route has the potential to reduce infrastructure CAPEX, shorten construction timelines, and lower permitting risk, which could improve project economics.

Lac Knife hosts one of the world's highest-grade graphite deposits, and is supported by a feasibility study, which estimates an after-tax NPV8% of $286M. With FMS trading at a MCAP of just $41M, we believe the shares do not fully reflect the value of Lac Knife, while assigning no value to the company’s Tétépisca project in Quebec, one of the world's largest and highest-grade graphite deposits.

Jul 20, 20263 weeks ago
Jun 1, 2026·2 months ago
Company Announcement

Secures $1.38M in Canadian Government Funding

FRC Analyst's Comment

FMS secured up to $1.38M in non-dilutive funding from Natural Resources Canada to advance road and power infrastructure planning for its Lac Knife graphite project in Quebec. We view this as another strong endorsement of Lac Knife, following the $14M in federal funding received last year. We believe these government-backed investments validate the project's strategic importance, help de-risk development, and could support future financing and partnership opportunities.

A feasibility study estimates an after-tax NPV8% of $286M for Lac Knife vs FMS’ MCAP of $52M. In our view, the market is not fully reflecting the value of Lac Knife, and assigns little to no value to the company’s second project, Tétépisca, which hosts one of the world’s largest and highest-grade graphite resources.

Jun 1, 20262 months ago
    1
  • 1
  • 2

News

Latest Market News