The purchase increases his total holding in the company to 3.58 million shares.
Shares in the company last traded at 5.9 cents.
Last week, the company noted its pilot plant program was nearing completion of construction, with test-work results expected by the end of June.
FYI is currently completing the implementation stage for testing of feedstock for the production of kaolin to high purity alumina (HPA) from its 100%-owned Cadoux Kaolin Project in Western Australia.
Proactive caught up with FYI earlier this month for an update.