Update: Focus Graphite's Partner Grafoid Finalizes Its Acquisition Of Alcereco
- Grafoid, of which Focus Graphite owns just under 20%, just finalized its C$1.2 million acquisition of ALCERECO in an all-stock deal.
- I had not anticipated this in my recent article.
- The deal values Grafoid at $5/share, and if this is accurate, then Focus' stake is worth C$39 million, which is incredibly bullish.
- Of the late-stage Canadian graphite companies, I continue to believe Focus is the best positioned, and its potential liquidity related to its Grafoid holdings reinforces this conviction.