Latest news with #MetalsCreek
Globe and Mail
5 days ago
- Business
- Globe and Mail
Metals Creek Returns 1.52% Cu and 8.48 g/t Ag over 28.8m at the Tillex Copper Project
Thunder Bay, Ontario--(Newsfile Corp. - June 5, 2025) - Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) (the "Company" or "Metals Creek") is pleased to announce additional drill results from the recently completed (See News Release: March 20, 2025) diamond drilling program at the Tillex Copper Project located in Currie Township, 65 km east of Timmins, Ontario and approximately 45 km from the Kidd Creek Met site. This program entailed seven diamond drill holes totaling 909.5 meters (m) in an effort to extend copper mineralization to the north, further define areas of limited to no drilling as well as follow-up on copper mineralization drilled outside the mineralized envelope in the previous drill campaign (See news release February 27, 2025). TX25-032 was designed to test near surface mineralization as well as the continuity of mineralized feldspar porphyry in an area in which historic drilling did not sample portions of holes due to the very fine grained nature of the copper mineralization, including mineralized feldspar porphyry which contains trace to 3 percent (%) chalcopyrite. This hole collared in mineralized graphitic argillite and returned a down hole intercept of 28.8m (40.5-69.3m) of 1.52% Cu and 8.48g/t Ag. Included in this intersection is a higher grade interval of 2.61% Cu and 14.92g/t Ag over 13.27m (54.03 to 67.3m). Mineralization consists primarily of locally, very fine, pervasive disseminated chalcopyrite, cross-cutting chalcopyrite stringers as well as blebby chalcopyrite. Disseminated pyrite is also present within locally and strongly folded clay altered graphitic argillites. Mineralization within the feldspar porphyry included disseminated to blebby chalcopyrite as well as abundant quartz stringers which also contains minor chalcopyrite. Mineralization within the feldspar porphyry appears to be much more consistent than initially thought historically, especially near the contacts with the altered graphitic argillites. Figure 1: Schematic Cross Section 135N, TX25-032 To view an enhanced version of this graphic, please visit: Note: True widths are approximately 70-80% of downhole intercept Additional assays will be released once they have been received and compiled. Michael MacIsaac, and VP Exploration for the Corporation and a qualified person as defined in National Instrument 43-101, is responsible for this release, and supervised the preparation of the information forming the basis for this release. All samples were sent to Activation Laboratories. Samples utilized aqua regia digestion with analysis performed by ICP. Over limits were performed by ICP-OES. As part of the Corporations QAQC protocol, approximately 10% of the samples submitted for assay were also sent for check assays. Standards and blanks were inserted randomly into the sample shipments as part of the sampling protocol. About Metals Creek Resources Corp. Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek has earned a 50% interest in the Ogden Gold Property from Newmont Corporation, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor Fault (P-DF). Metals Creek also has multiple quality projects available for option which can be viewed on the Company's website. Parties interested in seeking more information about properties available for option can contact the Company at the number below. Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at 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 release.
Yahoo
27-05-2025
- Business
- Yahoo
Metals Creek Resources Corp. Announces Non-Brokered Private Placement
Thunder Bay, Ontario--(Newsfile Corp. - May 27, 2025) - Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) (the "Company" or Metals Creek) announces that it intends to complete a non-brokered private placement of flow-through units (the "Private Placement"). The Private placement is expected to close on or before June 30, 2025. The Company intends to issue up to 10,000,000 flow-through units at a price of $0.02 per unit (the "FT Units") for aggregate proceeds of up to $200,000. Each FT Unit will consist of one flow-through common share (the "FT Shares") and one half of a non flow-through common share purchase warrant (the "FT Warrants"). Each full FT Warrant will entitle the holder to purchase one additional non flow-through common share of the Company at an exercise price of $0.05 per common share for a period of 36 months from the date of issue. The FT Shares will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada). The Company also intends to issue up to 10,000,000 non flow-through units at a price of $0.02 per unit (the "NFT Units") for aggregate proceeds of up to $200,000. Each NFT Unit will consist of one non flow-through common share and one non flow-through common share purchase warrant (the "NFT Warrants"). Each NFT Warrant will entitle the holder to purchase one additional non flow-through common share of the Company at an exercise price of $0.05 per common share for a period of 36 months from the date of issue. In connection with the private placement, the company may pay finders' fees in cash or securities or a combination of both, as permitted by the policies of the TSX Venture Exchange. All securities issued pursuant to the Private Placement will be subject to a four-month hold period. The Private Placement is subject to approval by the TSX Venture Exchange. The proceeds raised from the FT Units will be used for these funds will be used for exploration on our Newfoundland and Ontario properties including target generation through prospecting on our Ogden project and will ensure that such Canadian Exploration Expenses qualify as a "flow-through mining expenditure" for purposes of the Income Tax Act (Canada), related to the exploration of the Company's exploration projects. About Metals Creek Resources Corp. Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek has earned a 50% interest in the Ogden Gold Property from Newmont Corporation, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor Fault. In addition the company recently completed drilling on its Tillex Copper Project and is awaiting assays. Metals Creek also has multiple quality projects available for option which can be viewed on the Company's website. Parties interested in seeking more information about properties available for option can contact the Company at the number below. Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at 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 release. Alexander (Sandy) Stares, President and CEOMetals Creek Resources CorpTelephone: (709)-256-6060Fax: (709)- To view the source version of this press release, please visit Sign in to access your portfolio
Business Wire
30-04-2025
- Business
- Business Wire
Lomiko Provides Updates on Yellow Fox, Antimony, Silver, and Gold Property Located in Central Newfoundland and a Corporate Update
MONTREAL--(BUSINESS WIRE)-- Lomiko Metals Inc. (TSX-V: LMR) ('Lomiko' or the 'Company') is pleased to announce an update on the Yellow Fox, antimony, silver, and gold property acquired from Metals Creek as per news release issued on March 11 th, 2025 ( This property is on the same trend as the past-producing Beaver Brook antimony mine, 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). 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 Gordana Slepcev, CEO, President, and Director, stated: 'We are pleased to announce that we have expanded Yellow Fox's land package with the new claim block (039252M) for Yellow Fox, consisting of 30 claims for a total of 748 hectares. Therefore, the entire property now consists of 58 claims for a total of 1,446 hectares. We look forward to completing the targeted soil sampling field program, Phase 1. The plan is to complete 10 lines at 250 meters spacing and collect approximately 700 soil samples to better define existing highly prospective antimony, silver, and gold targets and further evaluate the south of the Yellow Fox showing, where little to no work has been performed historically. We are happy to work with Metals Creek, which will manage and complete the work program for Lomiko.' The new claim block staked by Metals Creek and added to the option agreement is without any additional cost, aside the cost to stake the claims. Yellow Fox antimony and gold prospect Spring 2025 Work Program The Company reviewed existing data and devised a plan for the fieldwork program in the spring of 2025. Phase 1 of the plan in the spring is focused on soil sampling with the following highlights: Soil sampling program targeted south of Yellow Fox, showing 59.413 g/t gold and areas of increased density of interpreted structures, See Figure 1. Approximately 700 soil samples on ten 250m spaced lines trending approximately 110 degrees with samples taken every 25m along the line. Should the soil sampling program be proven effective, expansion of the lines and additional lines to the south are warranted, which would be the focus of the Phase 2 program. Phase 2 will see the soil sampling completed on the 250-meter parallel grids at 25-meter spacing covering the southern end of the property. Phase 2 will also focus on ground truthing existing targets as well as following up on newly generated targets. Depending on the results of the phase 1 testing, a targeted EM survey will be undertaken. The Company notes that the results on an adjacent or nearby property (Beaver Brook) are not necessarily what can be expected on the Yellow Fox project. The results of surface or grab samples, by their nature, is selective and assay results may not be indicative of underlying mineralization. Location Details 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. The property is centred at approximately UTM (NAD 27) grid coordinates 5,419,400m North and 645,300m East. Geologically, Yellow Fox exhibits similar traits to those of Beaver Brook with cross-cutting structural zones which show intense carbonate alteration with sulphide-bearing stringers to veins of stibnite and arsenopyrite with similar high-grade tenors of antimony, gold, lead, zinc, and silver. Arsenopyrite is also present in both locations. Two prominent fracture vein sets are present, one being the muscovite-pyrite-rutile veins trending 356 degrees and the second stibnite-quartz-arsenopyrite being the most abundant and trending 025 degrees. Both these vein sets are similar to that of the past producing Beaver Brook antimony Mine, and both vein sets trend in N to NE, which is the same as the prospective regional structures. Qualified Person for technical content at Yellow Fox 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. QP relied on the information provided by Metals Creek. Metals Creek QP is Wayne Reid, is registered in Newfoundland and working as the consultant for Metals Creek. Market Making Services The Company announces it has retained ITG Independent Group, ("ITG') to provide market-making services in accordance with TSX Venture Exchange ("TSX.V") policies. ITG will trade shares of the Company on the TSX.V for the purposes of maintaining an orderly market and improving the liquidity of the Company's shares. ITG will not receive shares or options as compensation. However, ITG and its clients may have or may acquire a direct interest in the securities of the Company. ITG is a member of the Investment Industry Regulatory Organization of Canada ("IIROC") and can access all Canadian Stock Exchanges and Alternative Trading Systems. The capital and securities required for any trade undertaken by ITG as principal will be provided by ITG. The Agreement is for an open-ended term of at least one month and may be terminated thereafter on 30 days' notice. The Company will pay $5,500.00 per month from the date the TSX.V approved the agreement. This is an arm' s-length transaction. 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 totalling 4,528 hectares (45.3 km2). The La Loutre 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 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% graphitic carbon (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). In addition to La Loutre, Lomiko has earned-in its 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 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 Company acquired Yellow Fox's antimony, gold, silver, lead, and zinc target from Metals Creek on January 21 st, 2025. The Option term is two years. The new claim block (039252M) for Yellow Fox consists of 30 claims for a total of 748 hectares. Therefore the entire property now consists of 58 claims for a total of 1,446 hectares. 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: expected timing of completion of the closing conditions in connection with the acquisition and closing of the acquisition, expected costs of exploration and timing to achieve certain milestones, timing for completion of exploration programs; 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). FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. This FLI 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 ability of the Company to meet the closing conditions of the acquisition, including regulatory approval, and complete the transaction within the anticipated timing; ability to implement its business strategy and to fund, explore, advance and develop each of its projects, including results therefrom and timing thereof; uncertainties related to receiving and maintaining exploration, environmental and other permits or approvals in Quebec; impact of increasing competition in the mineral exploration business, including the Company's competitive position in the industry; 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 and on the investor presentation on its website. 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 forward-looking information. The Company does not undertake to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by applicable securities laws.
National Post
30-04-2025
- Business
- National Post
Lomiko Provides Updates on Yellow Fox, Antimony, Silver, and Gold Property Located in Central Newfoundland and a Corporate Update
Article content MONTREAL — Lomiko Metals Inc. (TSX-V: LMR) ('Lomiko' or the 'Company') is pleased to announce an update on the Yellow Fox, antimony, silver, and gold property acquired from Metals Creek as per news release issued on March 11 th, 2025 ( Article content Article content This property is on the same trend as the past-producing Beaver Brook antimony mine, 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). 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 Gordana Slepcev, CEO, President, and Director, stated: 'We are pleased to announce that we have expanded Yellow Fox's land package with the new claim block (039252M) for Yellow Fox, consisting of 30 claims for a total of 748 hectares. Therefore, the entire property now consists of 58 claims for a total of 1,446 hectares. We look forward to completing the targeted soil sampling field program, Phase 1. The plan is to complete 10 lines at 250 meters spacing and collect approximately 700 soil samples to better define existing highly prospective antimony, silver, and gold targets and further evaluate the south of the Yellow Fox showing, where little to no work has been performed historically. We are happy to work with Metals Creek, which will manage and complete the work program for Lomiko.' Article content The new claim block staked by Metals Creek and added to the option agreement is without any additional cost, aside the cost to stake the claims. Article content The Company reviewed existing data and devised a plan for the fieldwork program in the spring of 2025. Article content Phase 1 of the plan in the spring is focused on soil sampling with the following highlights: Article content Soil sampling program targeted south of Yellow Fox, showing 59.413 g/t gold and areas of increased density of interpreted structures, See Figure 1. Approximately 700 soil samples on ten 250m spaced lines trending approximately 110 degrees with samples taken every 25m along the line. Article content Should the soil sampling program be proven effective, expansion of the lines and additional lines to the south are warranted, which would be the focus of the Phase 2 program. Phase 2 will see the soil sampling completed on the 250-meter parallel grids at 25-meter spacing covering the southern end of the property. Phase 2 will also focus on ground truthing existing targets as well as following up on newly generated targets. Article content Depending on the results of the phase 1 testing, a targeted EM survey will be undertaken. Article content The Company notes that the results on an adjacent or nearby property (Beaver Brook) are not necessarily what can be expected on the Yellow Fox project. The results of surface or grab samples, by their nature, is selective and assay results may not be indicative of underlying mineralization. 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. The property is centred at approximately UTM (NAD 27) grid coordinates 5,419,400m North and 645,300m East. Article content Geologically, Yellow Fox exhibits similar traits to those of Beaver Brook with cross-cutting structural zones which show intense carbonate alteration with sulphide-bearing stringers to veins of stibnite and arsenopyrite with similar high-grade tenors of antimony, gold, lead, zinc, and silver. Arsenopyrite is also present in both locations. Two prominent fracture vein sets are present, one being the muscovite-pyrite-rutile veins trending 356 degrees and the second stibnite-quartz-arsenopyrite being the most abundant and trending 025 degrees. Both these vein sets are similar to that of the past producing Beaver Brook antimony Mine, and both vein sets trend in N to NE, which is the same as the prospective regional structures. 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. QP relied on the information provided by Metals Creek. Metals Creek QP is Wayne Reid, is registered in Newfoundland and working as the consultant for Metals Creek. Article content Market Making Services Article content The Company announces it has retained ITG Independent Group, ('ITG') to provide market-making services in accordance with TSX Venture Exchange ('TSX.V') policies. ITG will trade shares of the Company on the TSX.V for the purposes of maintaining an orderly market and improving the liquidity of the Company's shares. Article content ITG will not receive shares or options as compensation. However, ITG and its clients may have or may acquire a direct interest in the securities of the Company. ITG is a member of the Investment Industry Regulatory Organization of Canada ('IIROC') and can access all Canadian Stock Exchanges and Alternative Trading Systems. The capital and securities required for any trade undertaken by ITG as principal will be provided by ITG. The Agreement is for an open-ended term of at least one month and may be terminated thereafter on 30 days' notice. The Company will pay $5,500.00 per month from the date the TSX.V approved the agreement. This is an arm' s-length transaction. 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 totalling 4,528 hectares (45.3 km2). Article content The La Loutre 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 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% graphitic carbon (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). In addition to La Loutre, Lomiko has earned-in its 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. 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 Company acquired Yellow Fox's antimony, gold, silver, lead, and zinc target from Metals Creek on January 21 st, 2025. The Option term is two years. The new claim block (039252M) for Yellow Fox consists of 30 claims for a total of 748 hectares. Therefore the entire property now consists of 58 claims for a total of 1,446 hectares. 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: expected timing of completion of the closing conditions in connection with the acquisition and closing of the acquisition, expected costs of exploration and timing to achieve certain milestones, timing for completion of exploration programs; 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). FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. This FLI 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 ability of the Company to meet the closing conditions of the acquisition, including regulatory approval, and complete the transaction within the anticipated timing; ability to implement its business strategy and to fund, explore, advance and develop each of its projects, including results therefrom and timing thereof; uncertainties related to receiving and maintaining exploration, environmental and other permits or approvals in Quebec; impact of increasing competition in the mineral exploration business, including the Company's competitive position in the industry; 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 and on the investor presentation on its website. 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 forward-looking information. The Company does not undertake to update or revise any such forward-looking statements or 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 Article content
