Latest news with #LomikoMetals
National Post
02-07-2025
- Business
- National Post
Lomiko Metals Announces Industry and Corporate Update
Article content MONTREAL — Lomiko Metals Inc. (TSX.V: LMR) ('Lomiko' or the 'Company') is pleased to provide a graphite industry update and corporate update. Article content Article content Gordana Slepcev, CEO, President, and Director, stated: 'We are excited to see that world leaders are focusing on what matters most and obviously, critical minerals and materials come to the forefront of global agendas. Canada has the potential to lead the world and establish its own security and trading position based on the minerals needed for the tech and energy transition, and specifically for graphite, deemed one of the six priority minerals in Canada. These macro trends will positively position developers like Lomiko and create value for shareholders, stakeholders and rightsholders, and all Canadians as it will boost economic development.' Article content Industry Update Article content The context for Canadian graphite and investors is strong as it positions itself for global leadership. In the article DeepDive: ' A new strategy for resilient global leadership in natural resources and manufacturing', published on June 24, Canada's resource potential for graphite is indicated as '8th largest producer and reserves'. This underlines the importance of the G7 Statement by the Government of Canada: 'This will include anticipating critical minerals shortages, coordinating responses to deliberate market disruption, and diversifying and onshoring, where possible, mining, processing, manufacturing, and recycling.' The Canadian government has also indicated that G7 countries and their allies will form a 'critical minerals production alliance' to stockpile and develop materials. The full statement is available here: Article content . Article content According to the Government of Canada website, China holds the largest reserves of graphite, followed by Brazil and Mozambique, with these three countries collectively accounting for 63% of the world's graphite reserves. Article content Lomiko has been steadfast in its vision to advance its project to Feasibility Studies and provide an important additional source of Canadian graphite to the North American supply chain and compete globally. Graphite has many industrial uses, including battery and energy storage applications. The research at hand focuses on many industrial applications, especially developing anode material for use in batteries. Pre-feasibility studies involve numerous studies conducted by third-party independent experts, with the majority located in Quebec. Article content Corporate update Article content Bourier Article content The board of directors has approved the sale of its 49% interest in Bourier to Critical Elements Lithium Corporation. The 203-claim block known as the Bourier was being explored for lithium. 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. Three years of exploration have yielded no significant results in lithium, gold, or base metals and the board of directors has agreed that graphite and its early stage antimony project in Newfoundland are a better use of the Company's resources. Article content OTCQX listing Article content The Company further advises that it will not continue payments to be listed on the OTCQX. 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. 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 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 acquired claims in 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
National Post
30-06-2025
- Business
- National Post
Lomiko Metals Announces Receipt of Province of Quebec Permits to Initiate the Bulk Sample Works at La Loutre Graphite Project and Update on Private Placement
Article content MONTREAL — Lomiko Metals Inc. (TSX.V: LMR) ('Lomiko' or the 'Company') is pleased to announce the receipt of the Autorisation pour travaux d'exploration à impacts ('ATI') for its planned 250-tonne bulk sample at La Loutre Graphite deposit. This bulk sample is an essential aspect of the ongoing research and development to scale up and confirm the process of producing anode material. The bulk sample work will be done in the fall, after the holiday and hunting seasons. Some noninvasive work and mapping will start through the summer. The Company will continue to provide transparent and full information and comply with ECOLOGO for all field work. Article content Article content Gordana Slepcev, CEO, President, and Director, stated: 'We are happy to announce that we have received the ATI permits to initiate the field and work on the 250 tonne bulk sample excavation and processing. The bulk sample will be used to start the work on the scaling up of the anode testing work and demonstrate on a larger scale the results already achieved in the lab-scale testing, showing positive results for use in anode battery technology. This work is supported by a contribution agreement for building Canadian expertise and processing capabilities in graphite. Graphite is one of the six priority critical minerals.' Article content In addition, Lomiko is presently in a permitting phase, as previously announced, to commence geotechnical site investigations with Ministère des Ressources naturelles et des Forêts ('MRNF'). All Canadian contractors have been announced, and Lomiko is proud to have retained the vast majority, and few exceptions, with Southern Quebec-based consulting and contractor team for the Pre-Feasibility Studies. See press releases dated April 24, 2025 and May 21, 2025, for details. Article content Lomiko will continue to engage with community members and remains open to answering questions via regular virtual meetings, the company's Facebook page and direct emails. The information sessions are published on the company's Facebook page and website. Article content Qualified Person Article content The technical content presented in this press release was reviewed and approved by Gordana Slepcev, who is the CEO & President of Lomiko Metals and acts as the 'Qualified Person' as that term is defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects. Article content nd Article content flow-through tranche, which closes June 30, 2025; details of which are disclosed in the Company's original press release dated April 1, 2025 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. 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. ( 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. 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
National Post
30-06-2025
- Business
- National Post
Lomiko Metals Announces Ruisseau Graphite Project Exploration Update, La Roche Zone Extension and Fall Workplan
Article content MONTREAL — Lomiko Metals Inc. (TSX.V: LMR) ('Lomiko' or the 'Company') announces exploration results from the spring program at the Ruisseau graphite prospect and plans for the summer/fall exploration and drilling program anticipated in November 2025. Article content Gordana Slepcev, CEO, President, and Director, stated: 'We're thrilled to advance our work on the Ruisseau graphite prospect following the success of the spring field program, which confirmed the continuity of the two western zones and revealed extended mineralization through our sampling efforts. Notably, one of the western zones expanded significantly—from 1,480 metres in 2024 to approximately 3,850 metres. These promising results have motivated us to develop a plan for further exploration, including a maiden drill program targeting the two western zones. We intend to drill 18 holes in the Rune zone and 20 in La Roche, totaling an initial 2,500 metres.' Article content Ruisseau prospecting and sampling results Article content The Company is pleased to report the results of a Beep-Mat prospecting and sampling program completed in May 2025 on the 84-claim (4,866-hectare) Ruisseau Graphite property located approximately 20 kilometres north of L'Ascension in the Laurentian Region of Québec. The primary goal of the program was to prospect and sample along the south extensions of the Rune and La Roche airborne time domain electromagnetic (TDEM) trends, specifically to confirm drill targets along these graphite-bearing structures. In 2023 and 2024, a total of 35 samples were collected along the Rune TDEM trend, with seven samples returning 15 to 20 per cent graphitic carbon (% Cg) and fifteen samples returning >20% Cg up to a maximum of 27.90% Cg along a 1,450-metre strike length. At La Roche, a total of 23 samples were collected along a 1,480-metre strike length with six samples returning 15 to 20% Cg and six returning >20% Cg up to a maximum of 24.70% Cg. Refer to the press release issued in January 2025 outlining four zones at Ruisseau ( Article content Work program Article content The 2025 work program consisted of prospecting and sampling over a 10-day period with the aid of a Beep-Mat. A total of 39 rock samples, including three QAQC samples, were collected. The samples showed strong results with 29 of 36 samples returning greater than 1.0% Cg as follows: Article content # Category Range 1 Below detection < 0.05% Cg 6 Below the Anomalous threshold < 1.0% Cg 5 Anomalous 1.0 to < 5.0% Cg 4 Low grade 5.0 to <10.0% Cg 8 Moderate grade 10.0 to <20.0% Cg 12 High grade 20.0% Cg 36 Total Article content The northeast-trending Rune zone has been delineated by prospecting and sampling along an airborne TDEM trend over a length of 1,450 metres. It remains open to the northeast and southwest beyond the limits of the 2022 Airborne. The Beep-Mat detected conductivity over surface widths up to 25 metres in places across the zone. Sampling in 2025 at the southern limit of the airborne geophysical coverage returned strong graphite results up to a maximum of 27.5% Cg. Prospecting and sampling on the south projection of the Rune zone outside the limits of the 2022 airborne geophysical survey returned two widely spaced, strong values of 6.01 and 18.00% Cg from float samples. Article content In addition, the 2025 sampling along the southern extension of the La Roche TDEM trend was incredibly successful with numerous moderate to high grade results up to a maximum of 27.5% Cg. The known strike length of the La Roche graphite zone on the Property was extended from 1,480 metres in 2024 to approximately 3,850 metres. The Beep-Mat detected high conductivity over surface widths up to 50 metres in places. The La Roche zone is approximately 450 metres east of and runs parallel to the Rune zone. La Roche zone coincides with an airborne TDEM trend that extends for its entire length within the Property and that likely continues beyond the limits of the Property. Article content The graphite mineralization at both Rune and La Roche is commonly found in bands within paragneiss and consists of very coarse-grained graphite flakes. It is usually accompanied by biotite and minor sulphides and is typically quite rusty. The apparent thickness of individual bands can be inferred by strong conductivity readings from the Beep-Mat, with an average width of 5 to 10 metres and lengths of 100 to 200 metres. Article content Structurally, the Rune and La Roche zones appear to be on opposite limbs of a north – to northeast-trending synform. Both zones show moderate to shallow dips that are on average 50° from horizontal. Typically, graphite bands are best exposed along the west margin of the Rune TDEM trend and dip east, whereas graphite bands are found along the east margin of the La Roche TDEM trend and dip west. Article content Drill Program Proposed Article content A total of five primary and four secondary targets at Rune and six primary and four secondary targets at La Roche have been selected for drill testing based on the 2022 airborne geophysical survey and the strong graphite values obtained from the 2023, 2024 and 2025 prospecting and sampling programs. The Company intends to proceed with a 2,500-metre drill program that will test the Priority 1 drill targets at Rune and La Roche. Article content Permitting has been initiated with the expectation that drilling can begin in early November 2025. Article content QAQC and Analytical Procedures Article content All rock sample locations were recorded with Android rugged smart phones running Q-Field data collection software in map datum UTM WGS84 Zone 18N. The Rock samples were photographed and placed in plastic sample bags with sample numbers written on the bags in indelible ink. A plastic, waterproof tag was left at the sample site. The samples were sealed in a rice bag with a zip tie and delivered by Breakaway personnel to Activation Laboratories Ltd. ('Actlabs') in Val d'Or, Quebec. Two certified reference material standards and on blank were included with the 36 samples collected in 2025. In Val d'Or, the samples were crushed to 80% passing 2mm and then riffle split to a 250g sub-sample that was pulverized to 95% passing 105μm (Actlabs Code RX1). The sample pulps were then analyzed for graphitic carbon 'Cg' by mild hydrochloric acid digestion followed by combustion in an infrared induction furnace (Actlabs Code 8Cg). Actlabs is accredited under ISO 9001:2015 registration and is independent of the Company. Article content Qualified Person Article content The technical content presented in this press release was reviewed by Mark Fekete, who acts as an independent consultant to the Company as the 'Qualified Person' as that term is defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects. 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. 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. ( • Ruisseau–grades up to 27.9 percent carbon graphite ('% Cg') from four distinct high grade mineralized zones that are over 3km long; Article content • Meloche –grades up to 13.3% Cg from two distinct mineralized clusters; Article content • Tremblant –grades up to 11.6% Cg from numerous, widespread spot anomalies; and Article content • 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 On behalf of the Board, Gordana Slepcev CEO & President and Director, Lomiko Metals Inc. 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
Associated Press
30-06-2025
- Business
- Associated Press
Lomiko Metals Announces Ruisseau Graphite Project Exploration Update, La Roche Zone Extension and Fall Workplan
MONTREAL--(BUSINESS WIRE)--Jun 30, 2025-- Lomiko Metals Inc. (TSX.V: LMR) ('Lomiko' or the 'Company') announces exploration results from the spring program at the Ruisseau graphite prospect and plans for the summer/fall exploration and drilling program anticipated in November 2025. Gordana Slepcev, CEO, President, and Director, stated: 'We're thrilled to advance our work on the Ruisseau graphite prospect following the success of the spring field program, which confirmed the continuity of the two western zones and revealed extended mineralization through our sampling efforts. Notably, one of the western zones expanded significantly—from 1,480 metres in 2024 to approximately 3,850 metres. These promising results have motivated us to develop a plan for further exploration, including a maiden drill program targeting the two western zones. We intend to drill 18 holes in the Rune zone and 20 in La Roche, totaling an initial 2,500 metres.' Ruisseau prospecting and sampling results The Company is pleased to report the results of a Beep-Mat prospecting and sampling program completed in May 2025 on the 84-claim (4,866-hectare) Ruisseau Graphite property located approximately 20 kilometres north of L'Ascension in the Laurentian Region of Québec. The primary goal of the program was to prospect and sample along the south extensions of the Rune and La Roche airborne time domain electromagnetic (TDEM) trends, specifically to confirm drill targets along these graphite-bearing structures. In 2023 and 2024, a total of 35 samples were collected along the Rune TDEM trend, with seven samples returning 15 to 20 per cent graphitic carbon (% Cg) and fifteen samples returning >20% Cg up to a maximum of 27.90% Cg along a 1,450-metre strike length. At La Roche, a total of 23 samples were collected along a 1,480-metre strike length with six samples returning 15 to 20% Cg and six returning >20% Cg up to a maximum of 24.70% Cg. Refer to the press release issued in January 2025 outlining four zones at Ruisseau ( ) Work program The 2025 work program consisted of prospecting and sampling over a 10-day period with the aid of a Beep-Mat. A total of 39 rock samples, including three QAQC samples, were collected. The samples showed strong results with 29 of 36 samples returning greater than 1.0% Cg as follows: The northeast-trending Rune zone has been delineated by prospecting and sampling along an airborne TDEM trend over a length of 1,450 metres. It remains open to the northeast and southwest beyond the limits of the 2022 Airborne. The Beep-Mat detected conductivity over surface widths up to 25 metres in places across the zone. Sampling in 2025 at the southern limit of the airborne geophysical coverage returned strong graphite results up to a maximum of 27.5% Cg. Prospecting and sampling on the south projection of the Rune zone outside the limits of the 2022 airborne geophysical survey returned two widely spaced, strong values of 6.01 and 18.00% Cg from float samples. In addition, the 2025 sampling along the southern extension of the La Roche TDEM trend was incredibly successful with numerous moderate to high grade results up to a maximum of 27.5% Cg. The known strike length of the La Roche graphite zone on the Property was extended from 1,480 metres in 2024 to approximately 3,850 metres. The Beep-Mat detected high conductivity over surface widths up to 50 metres in places. The La Roche zone is approximately 450 metres east of and runs parallel to the Rune zone. La Roche zone coincides with an airborne TDEM trend that extends for its entire length within the Property and that likely continues beyond the limits of the Property. The graphite mineralization at both Rune and La Roche is commonly found in bands within paragneiss and consists of very coarse-grained graphite flakes. It is usually accompanied by biotite and minor sulphides and is typically quite rusty. The apparent thickness of individual bands can be inferred by strong conductivity readings from the Beep-Mat, with an average width of 5 to 10 metres and lengths of 100 to 200 metres. Structurally, the Rune and La Roche zones appear to be on opposite limbs of a north - to northeast-trending synform. Both zones show moderate to shallow dips that are on average 50° from horizontal. Typically, graphite bands are best exposed along the west margin of the Rune TDEM trend and dip east, whereas graphite bands are found along the east margin of the La Roche TDEM trend and dip west. Drill Program Proposed A total of five primary and four secondary targets at Rune and six primary and four secondary targets at La Roche have been selected for drill testing based on the 2022 airborne geophysical survey and the strong graphite values obtained from the 2023, 2024 and 2025 prospecting and sampling programs. The Company intends to proceed with a 2,500-metre drill program that will test the Priority 1 drill targets at Rune and La Roche. Permitting has been initiated with the expectation that drilling can begin in early November 2025. QAQC and Analytical Procedures All rock sample locations were recorded with Android rugged smart phones running Q-Field data collection software in map datum UTM WGS84 Zone 18N. The Rock samples were photographed and placed in plastic sample bags with sample numbers written on the bags in indelible ink. A plastic, waterproof tag was left at the sample site. The samples were sealed in a rice bag with a zip tie and delivered by Breakaway personnel to Activation Laboratories Ltd. ('Actlabs') in Val d'Or, Quebec. Two certified reference material standards and on blank were included with the 36 samples collected in 2025. In Val d'Or, the samples were crushed to 80% passing 2mm and then riffle split to a 250g sub-sample that was pulverized to 95% passing 105μm (Actlabs Code RX1). The sample pulps were then analyzed for graphitic carbon 'Cg' by mild hydrochloric acid digestion followed by combustion in an infrared induction furnace (Actlabs Code 8Cg). Actlabs is accredited under ISO 9001:2015 registration and is independent of the Company. Qualified Person The technical content presented in this press release was reviewed by Mark Fekete, who acts as an independent consultant to the Company as the 'Qualified Person' as that term is defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects. 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. 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 Contact us at 1-833-4-LOMIKO or e-mail:[email protected] KEYWORD: UNITED STATES NORTH AMERICA CANADA INDUSTRY KEYWORD: MINING/MINERALS NATURAL RESOURCES SOURCE: Lomiko Metals Inc. Copyright Business Wire 2025. PUB: 06/30/2025 05:00 AM/DISC: 06/30/2025 05:00 AM
National Post
29-05-2025
- Business
- National Post
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
Article content Article content MONTREAL — 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. Article content 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. Article content A cash finder's fee of 5% or $10,675 has been agreed to be paid. Article content 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. Article content 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. Article content 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). Article content 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.' Article content 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. 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. ( • 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. 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
