Falcon Energy Materials PLC Announces Landmark Acquisition of 49% Strategic Interest in Established Graphite Anode Producer

PRESS RELEASE FOR IMMEDIATE RELEASE Abu Dhabi, United Arab Emirates, November 3, 2026 – Falcon Energy Materials plc (TSX-V: FLCN) (OTCQB: FLCNF) (“ Falcon ” or the “ Company ”) is pleased to announce a landmark step in the execution of its strategy to become an integrated, global supplier of critical battery materials. Highlights Falcon to acquire a 49% strategic, non-operating equity interest in Weihai Hensen New Materials Technology Co., Ltd. ( Weihai ”), an established Chinese producer of natural flake graphite and synthetic graphite anode materials, for US$22 million in cash. Weihai operates a modern, profitable, facility in Shandong Province, China, with a full 25,000 tpa CSPG production circuit. Will provide, following closing, Falcon with an immediate strategic position in operating anode material production in China, which dominates the global graphite anode supply chain. A natural complement to Falcon’s flagship 25 ktpa coated spheronized purified graphite (“ CSPG ”) anode plant in Morocco. Fully funded from the proceeds of Falcon’s upsized C$34 million non-brokered private placement, which closed on September 23, 2026. Closing is expected by the end of the fourth quarter

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