Falcon Energy Materials Secures C$6.52 Million in Private Placement to Advance Battery Material Projects

Falcon Energy Materials plc has completed a private placement, raising C$6.52 million through the sale of 10,874,832 units at C$0.60 per unit. The financing, which exceeded its original target, will support the company's strategic projects in developing battery anode materials in Morocco and Guinea.

Each unit consists of one ordinary share and a non-transferable warrant, allowing investors to purchase additional shares at C$0.75 within 36 months. Notable investors include the La Mancha Fund and the Commodity Discovery Fund, demonstrating significant institutional interest in the company's battery materials strategy.

The funding will specifically advance Falcon's integrated business model of creating a mine-to-market active anode material production capability. The company aims to establish a high-purity graphite mine in Guinea and a value-added graphite conversion facility in Morocco, positioning itself as a potential key supplier in the expanding battery materials market.

With attractive operating costs and proximity to European markets, Falcon is strategically targeting the growing demand for sustainable battery materials. The investment highlights the increasing importance of securing transparent and environmentally responsible battery supply chains, particularly as electric vehicle and renewable energy sectors continue to expand.

The private placement is subject to final approval from the TSX Venture Exchange, with all securities issued under the placement subject to a standard four-month hold period until July 25, 2025.