Latest news with #GordanaSlepcev
Business Wire
29-05-2025
- Business
- Business Wire
Lomiko Metals Announces Closing of the Second Tranche of the Hard Dollar Financing and First Tranche of Flow-Through Financing and Extension of the Flow-Through Financing
MONTREAL--(BUSINESS WIRE)--Lomiko Metals Inc. (TSX.V: LMR) ('Lomiko' or the 'Company') announces that it will apply to the TSX Venture Exchange ('TSXV') for approval to close the second tranche of the hard dollar financing and a first tranche of the flow-through financing for $113,500 and $109,999.86 respectively. The Company anticipates to issue (1) 840,741 common shares at $0.135 along with a warrant exerciseable for three years at $0.20 for gross proceeds of $113,500; and (2) 647,058 flow-through common shares at $0.17 with a warrant exerciseable for two years at $0.20 for gross proceeds of $109,999.86. A cash finder's fee of 5% or $10,675 has been agreed to be paid. All securities issued shall be subject to a hold period expiring four months and one day from their date of issuance. Completion of the financing and the issuance of the securities remain subject to receipt of all necessary regulatory approvals, including the approval of the TSXV. The Company intends to use the proceeds of the hard dollar financing to continue the engineering phase of the prefeasibility study of the La Loutre graphite project, progressing with the bulk sample and anode piloting at the La Loutre project, explore the Company's Yellow Fox property, regional graphite exploration, and general working capital purposes. The gross proceeds from the issuance of flow-through common shares will be used to incur resource exploration expenses, which will constitute 'Canadian exploration expenses' as defined in subsection 66.1(6) of the Income Tax Act and 'flow-through critical mineral mining expenditures' as defined in subsection 127(9) of the Income Tax Act (the 'Qualifying Expenditures'), which will be incurred on or before December 31, 2026 and will be renounced with an effective date no later than December 31, 2025 to the subscribers of flow-through common shares in an aggregate amount not less than the gross proceeds raised from the issue of the flow-through common shares. For subscribers of flow-through common shares that are residents of Québec at all relevant times, the Qualifying Expenditures shall qualify for inclusion in the 'exploration base relating to certain Québec exploration expenses' within the meaning of section 726.4.10 of the Taxation Act (Québec) and expenses qualifying for inclusion in the 'exploration base relating to certain Québec surface mining expenses or oil and gas exploration expenses within the meaning of section 726.4.17.2 of the Taxation Act (Québec). Gordana Slepcev, CEO, President, and Director, stated: 'We are pleased to close the second tranche of the private placement as we have achieved our current funding goals. The hard dollars will be used to continue the pre-feasibility level of the engineering studies and for the independent road access study for the La Loutre natural flake graphite deposit. The proceeds from the flow-through financing will support other strategic initiatives, including the bulk sample and anode piloting at the La Loutre project, exploring the Company's Yellow Fox property, regional graphite exploration, and work related to permitting.' The Company further advises that it will seek approval of the TSX-V for a second extension to the closing of a 2 nd flow-through tranche to June 30, 2025, details of which are disclosed in the Company's original press release dated April 1, 2025. About Lomiko Metals Inc. The Company holds mineral interests in its La Loutre graphite development in southern Quebec. The La Loutre project site is within the Kitigan Zibi Anishinabeg (KZA) First Nation's territory. The KZA First Nation is part of the Algonquin Nation, and the KZA traditional territory is situated within the Outaouais and Laurentides regions. Located 180 kilometers northwest of Montreal, the property consists of one large, continuous block with 76 mineral claims totaling 4,528 hectares (45.3 km2). The Property is underlain by rocks from the Grenville Province of the Precambrian Canadian Shield. The Grenville was formed under conditions that were very favorable for the development of coarse-grained, flake-type graphite mineralization from organic-rich material during high-temperature metamorphism. Lomiko Metals published an updated Mineral Resource Estimate (MRE) in a NI 43-101 Technical Report and Mineral Resource Estimate Update for the La Loutre Project, Quebec, Canada, prepared by InnovExplo on May 11th, 2023, which estimated 64.7 million tonnes of Indicated Mineral Resources averaging 4.59% Cg per tonne for 3.0 million tonnes of graphite, a tonnage increase of 184%. Indicated Mineral Resources increased by 41.5 million tonnes as a result of the 2022 drilling campaign, from 17.5 million tonnes in 2021 MRE with additional Mineral resources reported down-dip and within marble units resulted in the addition of 17.5 million tonnes of Inferred Mineral Resources averaging 3.51% Cg per tonne for 0.65 million tonnes of contained graphite; and the additional 13,107 metres of infill drilling in 79 holes completed in 2022 combined with the refinement of the deposit and structural models contributed to the addition of most of the Inferred Mineral Resources to the Indicated Mineral Resource category, relative to the 2021 Mineral Resource Estimate. The MRE assumes a US$1,098.07 per tonne graphite price and a cut-off grade of 1.50% Cg (graphitic carbon). The independent and qualified persons for the mineral resource estimate, as defined by NI 43 101, are Marina Iund, (InnovExplo Inc.), Martin Perron, (InnovExplo Inc.)., Simon Boudreau, (InnovExplo Inc.). and Pierre Roy, (Soutex Inc.). The effective date of the estimate is May 11, 2023. The Company also holds interest in seven early-stage projects in southern Quebec, including Ruisseau, Tremblant, Meloche, Boyd, Dieppe, North Low and Carmin, covering 328 claims in total on 7 early-stage projects covering 18,622 hectares in the Laurentian region of Quebec and within KZA territory. The stage graphite portfolio consists of 328 claims in total on seven early-stage projects covering 18,622 hectares in southern Quebec. The grades presented below for the Laurentides graphite portfolio were press-released on January 7 th, 2025. ( • Ruisseau–grades up to 27.9 percent carbon graphite ('% Cg') from four distinct high grade mineralized zones that are over 3km long; • Meloche –grades up to 13.3% Cg from two distinct mineralized clusters; • Tremblant –grades up to 11.6% Cg from numerous, widespread spot anomalies; and • Dieppe –grades up to 6.82% Cg from numerous, widespread spot anomalies and a distinct mineralized cluster. • Boyd–8 samples grades range from 5.61% Cg to 17.10 %Cg with all samples above 5.00% Cg. The technical content regarding the exploration results presented was reviewed by Mark Fekete, who acts as an independent consultant to the Company and is the Qualified Person. In addition to La Loutre, Lomiko has earned a 49% stake in the Bourier Project from Critical Elements Lithium Corporation as per the option agreement announced on April 27 th, 2021. The Bourier project site is located near Nemaska Lithium and Critical Elements south-east of the Eeyou Istchee James Bay territory in Quebec, which consists of 203 claims for a total ground position of 10,252.20 hectares (102.52 km2), in Canada's lithium triangle near the James Bay region of Quebec that has historically housed lithium deposits and mineralization trends. The Yellow Fox Property is located approximately 10 km southwest of the Town of Glenwood NL, and south of the Trans-Canada Highway. The Property occurs within NTS map sheets 02D/14 and 15 with excellent access along several logging and skidder roads originating from Glenwood. The main Yellow Fox showing is located in the central part of License 027536M, 5km from the western end of Gander Lake. This property is on the same trend as the past-producing antimony mine Beaver Brook, which is located 25km southwest of the property. Yellow Fox is an early-stage exploration property prospective in antimony, gold, and silver where historic works returned samples anomalous in gold (Au), antimony (Sb), lead (Pb), zinc (Zn), and silver (Ag). The trenching exposed the rocks, resulting in grab samples to 59.43g/t Au, 11.10% Sb, 7.00% Zn, 72.90g/t Ag, and 5.50% Pb in arsenopyrite-stibnite veins within altered monzogranite. (See Metals Creek assessment report at Lomiko QP relied on the information provided by Metals Creek. Metals Creek QP is Wayne Reid is registered in Newfoundland. On behalf of the Board, Gordana Slepcev CEO & President and Director, Lomiko Metals Inc. For more information on Lomiko Metals, review the website at Cautionary Note Regarding Forward-Looking Information This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Company; and any other information herein that is not a historical fact may be "forward-looking information" ('FLI'). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include words such as "anticipates", "plans", "continues", "estimates", "expects", "may", "will", "projects", "predicts", 'proposes', "potential", "target", "implement", 'scheduled', "intends", "could", "might", "should", "believe" and similar words or expressions. FLI in this new release includes, but is not limited to: the total gross proceeds of the Offering, the use of proceeds of the Offering, the timing and successful completion of the Offering; the Company's ability to successfully fund, or remain fully funded for the implementation of its business strategy and for exploration of any of its projects (including from the capital markets);, and the expected timing of announcements in this regard. FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. The FLI in this news release reflects the Company's current views about future events, and while considered reasonable by the Company at this time, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation: the Company's, ability to implement its overall business strategy and to fund, explore, advance and develop each of its projects, including results therefrom and timing thereof, the impact of increasing competition in the mineral exploration business, including the Company's competitive position in the industry, and general economic conditions, including in relation to currency controls and interest rate fluctuations. The FLI contained in this news release are expressly qualified in their entirety by this cautionary statement, the 'Forward-Looking Statements' section contained in the Company's most recent management's discussion and analysis (MD&A), which is available on SEDAR+ at All FLI in this news release are made as of the date of this news release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such forward-looking information. The Company does not undertake to update or revise any forward-looking information contained herein to reflect new events or circumstances, except as may be required by applicable securities laws.
Yahoo
29-05-2025
- Business
- Yahoo
Lomiko Metals Announces Closing of the Second Tranche of the Hard Dollar Financing and First Tranche of Flow-Through Financing and Extension of the Flow-Through Financing
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MONTREAL, May 29, 2025--(BUSINESS WIRE)--Lomiko Metals Inc. (TSX.V: LMR) ("Lomiko" or the "Company") announces that it will apply to the TSX Venture Exchange ("TSXV") for approval to close the second tranche of the hard dollar financing and a first tranche of the flow-through financing for $113,500 and $109,999.86 respectively. The Company anticipates to issue (1) 840,741 common shares at $0.135 along with a warrant exerciseable for three years at $0.20 for gross proceeds of $113,500; and (2) 647,058 flow-through common shares at $0.17 with a warrant exerciseable for two years at $0.20 for gross proceeds of $109,999.86. A cash finder's fee of 5% or $10,675 has been agreed to be paid. All securities issued shall be subject to a hold period expiring four months and one day from their date of issuance. Completion of the financing and the issuance of the securities remain subject to receipt of all necessary regulatory approvals, including the approval of the TSXV. The Company intends to use the proceeds of the hard dollar financing to continue the engineering phase of the prefeasibility study of the La Loutre graphite project, progressing with the bulk sample and anode piloting at the La Loutre project, explore the Company's Yellow Fox property, regional graphite exploration, and general working capital purposes. The gross proceeds from the issuance of flow-through common shares will be used to incur resource exploration expenses, which will constitute "Canadian exploration expenses" as defined in subsection 66.1(6) of the Income Tax Act and "flow-through critical mineral mining expenditures" as defined in subsection 127(9) of the Income Tax Act (the "Qualifying Expenditures"), which will be incurred on or before December 31, 2026 and will be renounced with an effective date no later than December 31, 2025 to the subscribers of flow-through common shares in an aggregate amount not less than the gross proceeds raised from the issue of the flow-through common shares. For subscribers of flow-through common shares that are residents of Québec at all relevant times, the Qualifying Expenditures shall qualify for inclusion in the "exploration base relating to certain Québec exploration expenses" within the meaning of section 726.4.10 of the Taxation Act (Québec) and expenses qualifying for inclusion in the "exploration base relating to certain Québec surface mining expenses or oil and gas exploration expenses within the meaning of section 726.4.17.2 of the Taxation Act (Québec). Gordana Slepcev, CEO, President, and Director, stated: "We are pleased to close the second tranche of the private placement as we have achieved our current funding goals. The hard dollars will be used to continue the pre-feasibility level of the engineering studies and for the independent road access study for the La Loutre natural flake graphite deposit. The proceeds from the flow-through financing will support other strategic initiatives, including the bulk sample and anode piloting at the La Loutre project, exploring the Company's Yellow Fox property, regional graphite exploration, and work related to permitting." The Company further advises that it will seek approval of the TSX-V for a second extension to the closing of a 2nd flow-through tranche to June 30, 2025, details of which are disclosed in the Company's original press release dated April 1, 2025. About Lomiko Metals Inc. The Company holds mineral interests in its La Loutre graphite development in southern Quebec. The La Loutre project site is within the Kitigan Zibi Anishinabeg (KZA) First Nation's territory. The KZA First Nation is part of the Algonquin Nation, and the KZA traditional territory is situated within the Outaouais and Laurentides regions. Located 180 kilometers northwest of Montreal, the property consists of one large, continuous block with 76 mineral claims totaling 4,528 hectares (45.3 km2). The Property is underlain by rocks from the Grenville Province of the Precambrian Canadian Shield. The Grenville was formed under conditions that were very favorable for the development of coarse-grained, flake-type graphite mineralization from organic-rich material during high-temperature metamorphism. Lomiko Metals published an updated Mineral Resource Estimate (MRE) in a NI 43-101 Technical Report and Mineral Resource Estimate Update for the La Loutre Project, Quebec, Canada, prepared by InnovExplo on May 11th, 2023, which estimated 64.7 million tonnes of Indicated Mineral Resources averaging 4.59% Cg per tonne for 3.0 million tonnes of graphite, a tonnage increase of 184%. Indicated Mineral Resources increased by 41.5 million tonnes as a result of the 2022 drilling campaign, from 17.5 million tonnes in 2021 MRE with additional Mineral resources reported down-dip and within marble units resulted in the addition of 17.5 million tonnes of Inferred Mineral Resources averaging 3.51% Cg per tonne for 0.65 million tonnes of contained graphite; and the additional 13,107 metres of infill drilling in 79 holes completed in 2022 combined with the refinement of the deposit and structural models contributed to the addition of most of the Inferred Mineral Resources to the Indicated Mineral Resource category, relative to the 2021 Mineral Resource Estimate. The MRE assumes a US$1,098.07 per tonne graphite price and a cut-off grade of 1.50% Cg (graphitic carbon). The independent and qualified persons for the mineral resource estimate, as defined by NI 43 101, are Marina Iund, (InnovExplo Inc.), Martin Perron, (InnovExplo Inc.)., Simon Boudreau, (InnovExplo Inc.). and Pierre Roy, (Soutex Inc.). The effective date of the estimate is May 11, 2023. The Company also holds interest in seven early-stage projects in southern Quebec, including Ruisseau, Tremblant, Meloche, Boyd, Dieppe, North Low and Carmin, covering 328 claims in total on 7 early-stage projects covering 18,622 hectares in the Laurentian region of Quebec and within KZA territory. The stage graphite portfolio consists of 328 claims in total on seven early-stage projects covering 18,622 hectares in southern Quebec. The grades presented below for the Laurentides graphite portfolio were press-released on January 7th, 2025. ( Ruisseau–grades up to 27.9 percent carbon graphite ("% Cg") from four distinct high grade mineralized zones that are over 3km long;• Meloche –grades up to 13.3% Cg from two distinct mineralized clusters;• Tremblant –grades up to 11.6% Cg from numerous, widespread spot anomalies; and• Dieppe –grades up to 6.82% Cg from numerous, widespread spot anomalies and a distinct mineralized cluster.• Boyd–8 samples grades range from 5.61% Cg to 17.10 %Cg with all samples above 5.00% technical content regarding the exploration results presented was reviewed by Mark Fekete, who acts as an independent consultant to the Company and is the Qualified Person. In addition to La Loutre, Lomiko has earned a 49% stake in the Bourier Project from Critical Elements Lithium Corporation as per the option agreement announced on April 27th, 2021. The Bourier project site is located near Nemaska Lithium and Critical Elements south-east of the Eeyou Istchee James Bay territory in Quebec, which consists of 203 claims for a total ground position of 10,252.20 hectares (102.52 km2), in Canada's lithium triangle near the James Bay region of Quebec that has historically housed lithium deposits and mineralization trends. The Yellow Fox Property is located approximately 10 km southwest of the Town of Glenwood NL, and south of the Trans-Canada Highway. The Property occurs within NTS map sheets 02D/14 and 15 with excellent access along several logging and skidder roads originating from Glenwood. The main Yellow Fox showing is located in the central part of License 027536M, 5km from the western end of Gander Lake. This property is on the same trend as the past-producing antimony mine Beaver Brook, which is located 25km southwest of the property. Yellow Fox is an early-stage exploration property prospective in antimony, gold, and silver where historic works returned samples anomalous in gold (Au), antimony (Sb), lead (Pb), zinc (Zn), and silver (Ag). The trenching exposed the rocks, resulting in grab samples to 59.43g/t Au, 11.10% Sb, 7.00% Zn, 72.90g/t Ag, and 5.50% Pb in arsenopyrite-stibnite veins within altered monzogranite. (See Metals Creek assessment report at Lomiko QP relied on the information provided by Metals Creek. Metals Creek QP is Wayne Reid is registered in Newfoundland. On behalf of the Board,Gordana SlepcevCEO & President and Director, Lomiko Metals Inc. For more information on Lomiko Metals, review the website at Cautionary Note Regarding Forward-Looking Information This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Company; and any other information herein that is not a historical fact may be "forward-looking information" ("FLI"). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include words such as "anticipates", "plans", "continues", "estimates", "expects", "may", "will", "projects", "predicts", "proposes", "potential", "target", "implement", "scheduled", "intends", "could", "might", "should", "believe" and similar words or expressions. FLI in this new release includes, but is not limited to: the total gross proceeds of the Offering, the use of proceeds of the Offering, the timing and successful completion of the Offering; the Company's ability to successfully fund, or remain fully funded for the implementation of its business strategy and for exploration of any of its projects (including from the capital markets);, and the expected timing of announcements in this regard. FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. The FLI in this news release reflects the Company's current views about future events, and while considered reasonable by the Company at this time, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation: the Company's, ability to implement its overall business strategy and to fund, explore, advance and develop each of its projects, including results therefrom and timing thereof, the impact of increasing competition in the mineral exploration business, including the Company's competitive position in the industry, and general economic conditions, including in relation to currency controls and interest rate fluctuations. The FLI contained in this news release are expressly qualified in their entirety by this cautionary statement, the "Forward-Looking Statements" section contained in the Company's most recent management's discussion and analysis (MD&A), which is available on SEDAR+ at All FLI in this news release are made as of the date of this news release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such forward-looking information. The Company does not undertake to update or revise any forward-looking information contained herein to reflect new events or circumstances, except as may be required by applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. View source version on Contacts Contact us at 1-833-4-LOMIKO or e-mail: info@
Globe and Mail
21-05-2025
- Business
- Globe and Mail
Lomiko Metals engages DRA Americas to lead the road access study on La Loutre Natural Flake Graphite Project in Quebec, Canada and corporate update
Lomiko Metals Inc. (TSX.V: LMR) ('Lomiko Metals' or the 'Company') is pleased to announce that it is starting the study to investigate the best options for road access from the highway to the La Loutre natural flake graphite project site in Quebec. The study leader, DRA Americas, who is also leading the Pre-Feasibility level engineering Studies ('PFS') at La Loutre, will be supported by numerous consulting groups based in Quebec and will actively engage with the local consultants and community to seek and incorporate community feedback in the route selection process. Gordana Slepcev, CEO, President, and Director, stated: 'We are happy to continue with the pre-feasibility level of the engineering studies for the La Loutre natural flake graphite deposit and also start the critical process of investigating the best options to access the project site from the local highway. This scoping study will be conducted to determine the best way to access the project site and avoid traffic through the town of Lac des Plages, and represents a way that Lomiko is responding to community questions and ideas. We are pleased to work with local consulting groups to identify options and alternatives, evaluate impacts, and propose the best solutions for the local communities' and First Nations' input.' The Company will continue to provide transparent, factual and ongoing information on the studies to investors, First Nations and community members as the Company progresses. Information on all our public engagements is posted on Lomiko's website at About DRA Global: DRA Global ('DRA') is a global engineering, project delivery, and operations management group specializing in the mining, minerals, and metals sector. The Group has an extensive track record spanning four decades across a wide range of commodities, including battery elements. DRA provides comprehensive services across the project lifecycle—from concept development and feasibility studies to engineering, procurement, construction management (EPCM), and ongoing operations and maintenance. With offices across key mining regions including North and South America, Africa, the Middle East, and Asia-Pacific, DRA delivers tailored solutions to meet the unique needs of its clients. In the Americas, DRA has been instrumental in delivering numerous successful mining projects, offering a blend of innovative design and a commitment to environmental sustainability. Qualified Person for technical content The technical information in this press release has been prepared and approved by Gordana Slepcev, who is registered in Ontario as a qualified person as defined by NI 43-101 guidelines. Gordana Slepcev is a CEO & President of Lomiko Metals. Corporate Update The Company announces that, further to its press release dated April 24, 2025, the Company will not be proceeding with its proposed amendment to warrants or early incentive program. Refer to the Company's press release dated April 26, 2025 and April 3, 2025, for further information. About Lomiko Metals Inc. The Company holds mineral interests in its La Loutre graphite development in southern Quebec. The La Loutre project site is within the Kitigan Zibi Anishinabeg (KZA) First Nation's territory. The KZA First Nation is part of the Algonquin Nation, and the KZA traditional territory is situated within the Outaouais and Laurentides regions. Located 180 kilometers northwest of Montreal, the property consists of one large, continuous block with 76 mineral claims totaling 4,528 hectares (45.3 km2). The Property is underlain by rocks from the Grenville Province of the Precambrian Canadian Shield. The Grenville was formed under conditions that were very favorable for the development of coarse-grained, flake-type graphite mineralization from organic-rich material during high-temperature metamorphism. Lomiko Metals published an updated Mineral Resource Estimate (MRE) in a NI 43-101 Technical Report and Mineral Resource Estimate Update for the La Loutre Project, Quebec, Canada, prepared by InnovExplo on May 11th, 2023, which estimated 64.7 million tonnes of Indicated Mineral Resources averaging 4.59% Cg per tonne for 3.0 million tonnes of graphite, a tonnage increase of 184%. Indicated Mineral Resources increased by 41.5 million tonnes as a result of the 2022 drilling campaign, from 17.5 million tonnes in 2021 MRE with additional Mineral resources reported down-dip and within marble units resulted in the addition of 17.5 million tonnes of Inferred Mineral Resources averaging 3.51% Cg per tonne for 0.65 million tonnes of contained graphite; and the additional 13,107 metres of infill drilling in 79 holes completed in 2022 combined with the refinement of the deposit and structural models contributed to the addition of most of the Inferred Mineral Resources to the Indicated Mineral Resource category, relative to the 2021 Mineral Resource Estimate. The MRE assumes a US$1,098.07 per tonne graphite price and a cut-off grade of 1.50% Cg (graphitic carbon). The independent and qualified persons for the mineral resource estimate, as defined by NI 43 101, are Marina Iund, (InnovExplo Inc.), Martin Perron, (InnovExplo Inc.)., Simon Boudreau, (InnovExplo Inc.). and Pierre Roy, (Soutex Inc.). The effective date of the estimate is May 11, 2023. The Company also holds interest in seven early-stage projects in southern Quebec, including Ruisseau, Tremblant, Meloche, Boyd, Dieppe, North Low and Carmin, covering 328 claims in total on 7 early-stage projects covering 18,622 hectares in the Laurentian region of Quebec and within KZA territory. The stage graphite portfolio consists of 328 claims in total on seven early-stage projects covering 18,622 hectares in southern Quebec. The grades presented below for the Laurentides graphite portfolio were press-released on January 7 th, 2025. ( Ruisseau–grades up to 27.9 percent carbon graphite ('% Cg') from four distinct high grade mineralized zones that are over 3km long; Meloche –grades up to 13.3% Cg from two distinct mineralized clusters; Tremblant –grades up to 11.6% Cg from numerous, widespread spot anomalies; and Dieppe –grades up to 6.82% Cg from numerous, widespread spot anomalies and a distinct mineralized cluster. Boyd–8 samples grades range from 5.61% Cg to 17.10 %Cg with all samples above 5.00% Cg. The technical content regarding the exploration results presented was reviewed by Mark Fekete, who acts as an independent consultant to the Company and is the Qualified Person. In addition to La Loutre, Lomiko has earned a 49% stake in the Bourier Project from Critical Elements Lithium Corporation as per the option agreement announced on April 27 th, 2021 . The Bourier project site is located near Nemaska Lithium and Critical Elements south-east of the Eeyou Istchee James Bay territory in Quebec, which consists of 203 claims for a total ground position of 10,252.20 hectares (102.52 km2), in Canada's lithium triangle near the James Bay region of Quebec that has historically housed lithium deposits and mineralization trends. The Yellow Fox Property is located approximately 10 km southwest of the Town of Glenwood NL, and south of the Trans-Canada Highway. The Property occurs within NTS map sheets 02D/14 and 15 with excellent access along several logging and skidder roads originating from Glenwood. The main Yellow Fox showing is located in the central part of License 027536M, 5km from the western end of Gander Lake. This property is on the same trend as the past-producing antimony mine Beaver Brook, which is located 25km southwest of the property. Yellow Fox is an early-stage exploration property prospective in antimony, gold, and silver where historic works returned samples anomalous in gold (Au), antimony (Sb), lead (Pb), zinc (Zn), and silver (Ag). The trenching exposed the rocks, resulting in grab samples to 59.43g/t Au, 11.10% Sb, 7.00% Zn, 72.90g/t Ag, and 5.50% Pb in arsenopyrite-stibnite veins within altered monzogranite. (See Metals Creek assessment report at Lomiko QP relied on the information provided by Metals Creek. Metals Creek QP is Wayne Reid is registered in Newfoundland. On behalf of the Board, Gordana Slepcev CEO & President and Director, Lomiko Metals Inc. For more information on Lomiko Metals, review the website at Cautionary Note Regarding Forward-Looking Information This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Company; and any other information herein that is not a historical fact may be "forward-looking information" ('FLI'). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include words such as "anticipates", "plans", "continues", "estimates", "expects", "may", "will", "projects", "predicts", 'proposes', "potential", "target", "implement", 'scheduled', "intends", "could", "might", "should", "believe" and similar words or expressions. FLI in this new release includes, but is not limited to: the total gross proceeds of the Offering, the use of proceeds of the Offering, the timing and successful completion of the Offering; the Company's ability to successfully fund, or remain fully funded for the implementation of its business strategy and for exploration of any of its projects (including from the capital markets);, and the expected timing of announcements in this regard. FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. The FLI in this news release reflects the Company's current views about future events, and while considered reasonable by the Company at this time, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation: the Company's, ability to implement its overall business strategy and to fund, explore, advance and develop each of its projects, including results therefrom and timing thereof, the impact of increasing competition in the mineral exploration business, including the Company's competitive position in the industry, and general economic conditions, including in relation to currency controls and interest rate fluctuations. The FLI contained in this news release are expressly qualified in their entirety by this cautionary statement, the 'Forward-Looking Statements' section contained in the Company's most recent management's discussion and analysis (MD&A), which is available on SEDAR+ at All FLI in this news release are made as of the date of this news release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such forward-looking information. The Company does not undertake to update or revise any forward-looking information contained herein to reflect new events or circumstances, except as may be required by applicable securities laws.
National Post
21-05-2025
- Business
- National Post
Lomiko Metals engages DRA Americas to lead the road access study on La Loutre Natural Flake Graphite Project in Quebec, Canada and corporate update
Article content MONTREAL — Lomiko Metals Inc. (TSX.V: LMR) ('Lomiko Metals' or the 'Company') is pleased to announce that it is starting the study to investigate the best options for road access from the highway to the La Loutre natural flake graphite project site in Quebec. The study leader, DRA Americas, who is also leading the Pre-Feasibility level engineering Studies ('PFS') at La Loutre, will be supported by numerous consulting groups based in Quebec and will actively engage with the local consultants and community to seek and incorporate community feedback in the route selection process. Article content Article content Gordana Slepcev, CEO, President, and Director, stated: 'We are happy to continue with the pre-feasibility level of the engineering studies for the La Loutre natural flake graphite deposit and also start the critical process of investigating the best options to access the project site from the local highway. This scoping study will be conducted to determine the best way to access the project site and avoid traffic through the town of Lac des Plages, and represents a way that Lomiko is responding to community questions and ideas. We are pleased to work with local consulting groups to identify options and alternatives, evaluate impacts, and propose the best solutions for the local communities' and First Nations' input.' Article content The Company will continue to provide transparent, factual and ongoing information on the studies to investors, First Nations and community members as the Company progresses. Information on all our public engagements is posted on Lomiko's website at Article content About DRA Global: DRA Global ('DRA') is a global engineering, project delivery, and operations management group specializing in the mining, minerals, and metals sector. The Group has an extensive track record spanning four decades across a wide range of commodities, including battery elements. DRA provides comprehensive services across the project lifecycle—from concept development and feasibility studies to engineering, procurement, construction management (EPCM), and ongoing operations and maintenance. With offices across key mining regions including North and South America, Africa, the Middle East, and Asia-Pacific, DRA delivers tailored solutions to meet the unique needs of its clients. In the Americas, DRA has been instrumental in delivering numerous successful mining projects, offering a blend of innovative design and a commitment to environmental sustainability. Article content The technical information in this press release has been prepared and approved by Gordana Slepcev, who is registered in Ontario as a qualified person as defined by NI 43-101 guidelines. Gordana Slepcev is a CEO & President of Lomiko Metals. Article content The Company announces that, further to its press release dated April 24, 2025, the Company will not be proceeding with its proposed amendment to warrants or early incentive program. Refer to the Company's press release dated April 26, 2025 and April 3, 2025, for further information. Article content About Lomiko Metals Inc. Article content The Company holds mineral interests in its La Loutre graphite development in southern Quebec. The La Loutre project site is within the Kitigan Zibi Anishinabeg (KZA) First Nation's territory. The KZA First Nation is part of the Algonquin Nation, and the KZA traditional territory is situated within the Outaouais and Laurentides regions. Located 180 kilometers northwest of Montreal, the property consists of one large, continuous block with 76 mineral claims totaling 4,528 hectares (45.3 km2). Article content The Property is underlain by rocks from the Grenville Province of the Precambrian Canadian Shield. The Grenville was formed under conditions that were very favorable for the development of coarse-grained, flake-type graphite mineralization from organic-rich material during high-temperature metamorphism. Article content Lomiko Metals published an updated Mineral Resource Estimate (MRE) in a NI 43-101 Technical Report and Mineral Resource Estimate Update for the La Loutre Project, Quebec, Canada, prepared by InnovExplo on May 11th, 2023, which estimated 64.7 million tonnes of Indicated Mineral Resources averaging 4.59% Cg per tonne for 3.0 million tonnes of graphite, a tonnage increase of 184%. Indicated Mineral Resources increased by 41.5 million tonnes as a result of the 2022 drilling campaign, from 17.5 million tonnes in 2021 MRE with additional Mineral resources reported down-dip and within marble units resulted in the addition of 17.5 million tonnes of Inferred Mineral Resources averaging 3.51% Cg per tonne for 0.65 million tonnes of contained graphite; and the additional 13,107 metres of infill drilling in 79 holes completed in 2022 combined with the refinement of the deposit and structural models contributed to the addition of most of the Inferred Mineral Resources to the Indicated Mineral Resource category, relative to the 2021 Mineral Resource Estimate. The MRE assumes a US$1,098.07 per tonne graphite price and a cut-off grade of 1.50% Cg (graphitic carbon). The independent and qualified persons for the mineral resource estimate, as defined by NI 43 101, are Marina Iund, (InnovExplo Inc.), Martin Perron, (InnovExplo Inc.)., Simon Boudreau, (InnovExplo Inc.). and Pierre Roy, (Soutex Inc.). The effective date of the estimate is May 11, 2023. Article content The Company also holds interest in seven early-stage projects in southern Quebec, including Ruisseau, Tremblant, Meloche, Boyd, Dieppe, North Low and Carmin, covering 328 claims in total on 7 early-stage projects covering 18,622 hectares in the Laurentian region of Quebec and within KZA territory. Article content The stage graphite portfolio consists of 328 claims in total on seven early-stage projects covering 18,622 hectares in southern Quebec. The grades presented below for the Laurentides graphite portfolio were press-released on January 7 th, 2025. ( Article content Ruisseau–grades up to 27.9 percent carbon graphite ('% Cg') from four distinct high grade mineralized zones that are over 3km long; Meloche –grades up to 13.3% Cg from two distinct mineralized clusters; Tremblant –grades up to 11.6% Cg from numerous, widespread spot anomalies; and Dieppe –grades up to 6.82% Cg from numerous, widespread spot anomalies and a distinct mineralized cluster. Boyd–8 samples grades range from 5.61% Cg to 17.10 %Cg with all samples above 5.00% Cg. Article content The technical content regarding the exploration results presented was reviewed by Mark Fekete, who acts as an independent consultant to the Company and is the Qualified Person. Article content In addition to La Loutre, Lomiko has earned a 49% stake in the Bourier Project from Critical Elements Lithium Corporation as per the option agreement announced on April 27 th, 2021. The Bourier project site is located near Nemaska Lithium and Critical Elements south-east of the Eeyou Istchee James Bay territory in Quebec, which consists of 203 claims for a total ground position of 10,252.20 hectares (102.52 km2), in Canada's lithium triangle near the James Bay region of Quebec that has historically housed lithium deposits and mineralization trends. Article content The Yellow Fox Property is located approximately 10 km southwest of the Town of Glenwood NL, and south of the Trans-Canada Highway. The Property occurs within NTS map sheets 02D/14 and 15 with excellent access along several logging and skidder roads originating from Glenwood. The main Yellow Fox showing is located in the central part of License 027536M, 5km from the western end of Gander Lake. Article content This property is on the same trend as the past-producing antimony mine Beaver Brook, which is located 25km southwest of the property. Yellow Fox is an early-stage exploration property prospective in antimony, gold, and silver where historic works returned samples anomalous in gold (Au), antimony (Sb), lead (Pb), zinc (Zn), and silver (Ag). The trenching exposed the rocks, resulting in grab samples to 59.43g/t Au, 11.10% Sb, 7.00% Zn, 72.90g/t Ag, and 5.50% Pb in arsenopyrite-stibnite veins within altered monzogranite. (See Metals Creek assessment report at Article content Lomiko QP relied on the information provided by Metals Creek. Metals Creek QP is Wayne Reid is registered in Newfoundland. Article content This news release contains 'forward-looking information' within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Company; and any other information herein that is not a historical fact may be 'forward-looking information' ('FLI'). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include words such as 'anticipates', 'plans', 'continues', 'estimates', 'expects', 'may', 'will', 'projects', 'predicts', 'proposes', 'potential', 'target', 'implement', 'scheduled', 'intends', 'could', 'might', 'should', 'believe' and similar words or expressions. FLI in this new release includes, but is not limited to: the total gross proceeds of the Offering, the use of proceeds of the Offering, the timing and successful completion of the Offering; the Company's ability to successfully fund, or remain fully funded for the implementation of its business strategy and for exploration of any of its projects (including from the capital markets);, and the expected timing of announcements in this regard. FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. Article content The FLI in this news release reflects the Company's current views about future events, and while considered reasonable by the Company at this time, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation: the Company's, ability to implement its overall business strategy and to fund, explore, advance and develop each of its projects, including results therefrom and timing thereof, the impact of increasing competition in the mineral exploration business, including the Company's competitive position in the industry, and general economic conditions, including in relation to currency controls and interest rate fluctuations. Article content The FLI contained in this news release are expressly qualified in their entirety by this cautionary statement, the 'Forward-Looking Statements' section contained in the Company's most recent management's discussion and analysis (MD&A), which is available on SEDAR+ at All FLI in this news release are made as of the date of this news release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such forward-looking information. The Company does not undertake to update or revise any forward-looking information contained herein to reflect new events or circumstances, except as may be required by applicable securities laws. Article content Article content Article content Article content Article content
Yahoo
21-05-2025
- Business
- Yahoo
Lomiko Metals engages DRA Americas to lead the road access study on La Loutre Natural Flake Graphite Project in Quebec, Canada and corporate update
MONTREAL, May 21, 2025--(BUSINESS WIRE)--Lomiko Metals Inc. (TSX.V: LMR) ("Lomiko Metals" or the "Company") is pleased to announce that it is starting the study to investigate the best options for road access from the highway to the La Loutre natural flake graphite project site in Quebec. The study leader, DRA Americas, who is also leading the Pre-Feasibility level engineering Studies ("PFS") at La Loutre, will be supported by numerous consulting groups based in Quebec and will actively engage with the local consultants and community to seek and incorporate community feedback in the route selection process. Gordana Slepcev, CEO, President, and Director, stated: "We are happy to continue with the pre-feasibility level of the engineering studies for the La Loutre natural flake graphite deposit and also start the critical process of investigating the best options to access the project site from the local highway. This scoping study will be conducted to determine the best way to access the project site and avoid traffic through the town of Lac des Plages, and represents a way that Lomiko is responding to community questions and ideas. We are pleased to work with local consulting groups to identify options and alternatives, evaluate impacts, and propose the best solutions for the local communities' and First Nations' input." The Company will continue to provide transparent, factual and ongoing information on the studies to investors, First Nations and community members as the Company progresses. Information on all our public engagements is posted on Lomiko's website at About DRA Global: DRA Global ("DRA") is a global engineering, project delivery, and operations management group specializing in the mining, minerals, and metals sector. The Group has an extensive track record spanning four decades across a wide range of commodities, including battery elements. DRA provides comprehensive services across the project lifecycle—from concept development and feasibility studies to engineering, procurement, construction management (EPCM), and ongoing operations and maintenance. With offices across key mining regions including North and South America, Africa, the Middle East, and Asia-Pacific, DRA delivers tailored solutions to meet the unique needs of its clients. In the Americas, DRA has been instrumental in delivering numerous successful mining projects, offering a blend of innovative design and a commitment to environmental sustainability. Qualified Person for technical content The technical information in this press release has been prepared and approved by Gordana Slepcev, who is registered in Ontario as a qualified person as defined by NI 43-101 guidelines. Gordana Slepcev is a CEO & President of Lomiko Metals. Corporate Update The Company announces that, further to its press release dated April 24, 2025, the Company will not be proceeding with its proposed amendment to warrants or early incentive program. Refer to the Company's press release dated April 26, 2025 and April 3, 2025, for further information. About Lomiko Metals Inc. The Company holds mineral interests in its La Loutre graphite development in southern Quebec. The La Loutre project site is within the Kitigan Zibi Anishinabeg (KZA) First Nation's territory. The KZA First Nation is part of the Algonquin Nation, and the KZA traditional territory is situated within the Outaouais and Laurentides regions. Located 180 kilometers northwest of Montreal, the property consists of one large, continuous block with 76 mineral claims totaling 4,528 hectares (45.3 km2). The Property is underlain by rocks from the Grenville Province of the Precambrian Canadian Shield. The Grenville was formed under conditions that were very favorable for the development of coarse-grained, flake-type graphite mineralization from organic-rich material during high-temperature metamorphism. Lomiko Metals published an updated Mineral Resource Estimate (MRE) in a NI 43-101 Technical Report and Mineral Resource Estimate Update for the La Loutre Project, Quebec, Canada, prepared by InnovExplo on May 11th, 2023, which estimated 64.7 million tonnes of Indicated Mineral Resources averaging 4.59% Cg per tonne for 3.0 million tonnes of graphite, a tonnage increase of 184%. Indicated Mineral Resources increased by 41.5 million tonnes as a result of the 2022 drilling campaign, from 17.5 million tonnes in 2021 MRE with additional Mineral resources reported down-dip and within marble units resulted in the addition of 17.5 million tonnes of Inferred Mineral Resources averaging 3.51% Cg per tonne for 0.65 million tonnes of contained graphite; and the additional 13,107 metres of infill drilling in 79 holes completed in 2022 combined with the refinement of the deposit and structural models contributed to the addition of most of the Inferred Mineral Resources to the Indicated Mineral Resource category, relative to the 2021 Mineral Resource Estimate. The MRE assumes a US$1,098.07 per tonne graphite price and a cut-off grade of 1.50% Cg (graphitic carbon). The independent and qualified persons for the mineral resource estimate, as defined by NI 43 101, are Marina Iund, (InnovExplo Inc.), Martin Perron, (InnovExplo Inc.)., Simon Boudreau, (InnovExplo Inc.). and Pierre Roy, (Soutex Inc.). The effective date of the estimate is May 11, 2023. The Company also holds interest in seven early-stage projects in southern Quebec, including Ruisseau, Tremblant, Meloche, Boyd, Dieppe, North Low and Carmin, covering 328 claims in total on 7 early-stage projects covering 18,622 hectares in the Laurentian region of Quebec and within KZA territory. The stage graphite portfolio consists of 328 claims in total on seven early-stage projects covering 18,622 hectares in southern Quebec. The grades presented below for the Laurentides graphite portfolio were press-released on January 7th, 2025. ( Ruisseau–grades up to 27.9 percent carbon graphite ("% Cg") from four distinct high grade mineralized zones that are over 3km long; Meloche –grades up to 13.3% Cg from two distinct mineralized clusters; Tremblant –grades up to 11.6% Cg from numerous, widespread spot anomalies; and Dieppe –grades up to 6.82% Cg from numerous, widespread spot anomalies and a distinct mineralized cluster. Boyd–8 samples grades range from 5.61% Cg to 17.10 %Cg with all samples above 5.00% Cg. The technical content regarding the exploration results presented was reviewed by Mark Fekete, who acts as an independent consultant to the Company and is the Qualified Person. In addition to La Loutre, Lomiko has earned a 49% stake in the Bourier Project from Critical Elements Lithium Corporation as per the option agreement announced on April 27th, 2021. The Bourier project site is located near Nemaska Lithium and Critical Elements south-east of the Eeyou Istchee James Bay territory in Quebec, which consists of 203 claims for a total ground position of 10,252.20 hectares (102.52 km2), in Canada's lithium triangle near the James Bay region of Quebec that has historically housed lithium deposits and mineralization trends. The Yellow Fox Property is located approximately 10 km southwest of the Town of Glenwood NL, and south of the Trans-Canada Highway. The Property occurs within NTS map sheets 02D/14 and 15 with excellent access along several logging and skidder roads originating from Glenwood. The main Yellow Fox showing is located in the central part of License 027536M, 5km from the western end of Gander Lake. This property is on the same trend as the past-producing antimony mine Beaver Brook, which is located 25km southwest of the property. Yellow Fox is an early-stage exploration property prospective in antimony, gold, and silver where historic works returned samples anomalous in gold (Au), antimony (Sb), lead (Pb), zinc (Zn), and silver (Ag). The trenching exposed the rocks, resulting in grab samples to 59.43g/t Au, 11.10% Sb, 7.00% Zn, 72.90g/t Ag, and 5.50% Pb in arsenopyrite-stibnite veins within altered monzogranite. (See Metals Creek assessment report at Lomiko QP relied on the information provided by Metals Creek. Metals Creek QP is Wayne Reid is registered in Newfoundland. On behalf of the Board,Gordana SlepcevCEO & President and Director, Lomiko Metals Inc. For more information on Lomiko Metals, review the website at Cautionary Note Regarding Forward-Looking Information This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Company; and any other information herein that is not a historical fact may be "forward-looking information" ("FLI"). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include words such as "anticipates", "plans", "continues", "estimates", "expects", "may", "will", "projects", "predicts", "proposes", "potential", "target", "implement", "scheduled", "intends", "could", "might", "should", "believe" and similar words or expressions. FLI in this new release includes, but is not limited to: the total gross proceeds of the Offering, the use of proceeds of the Offering, the timing and successful completion of the Offering; the Company's ability to successfully fund, or remain fully funded for the implementation of its business strategy and for exploration of any of its projects (including from the capital markets);, and the expected timing of announcements in this regard. FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. The FLI in this news release reflects the Company's current views about future events, and while considered reasonable by the Company at this time, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation: the Company's, ability to implement its overall business strategy and to fund, explore, advance and develop each of its projects, including results therefrom and timing thereof, the impact of increasing competition in the mineral exploration business, including the Company's competitive position in the industry, and general economic conditions, including in relation to currency controls and interest rate fluctuations. The FLI contained in this news release are expressly qualified in their entirety by this cautionary statement, the "Forward-Looking Statements" section contained in the Company's most recent management's discussion and analysis (MD&A), which is available on SEDAR+ at All FLI in this news release are made as of the date of this news release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such forward-looking information. The Company does not undertake to update or revise any forward-looking information contained herein to reflect new events or circumstances, except as may be required by applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. View source version on Contacts Contact us at 1-833-4-LOMIKO or e-mail: info@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
