CORRECTING and REPLACING Lomiko Metals Announces the Hard Dollar Financing

Executive Summary

• Lomiko Metals Inc. announced a private placement to raise up to C$800,000 by issuing 8,000,000 units at C$0.10 per unit.
• Each unit consists of one common share and one‑half of a common‑share purchase warrant exercisable for three years at C$0.15.
• Proceeds are earmarked to advance pre‑feasibility engineering studies, baseline data collection, bulk sampling, anode piloting at the La Loutre graphite project, and general working capital.

Key Details

• Offering Size: Up to C$800,000 gross proceeds.
• Units Issued: 8,000,000 units @ C$0.10 per unit.
• Unit Composition:
• 1 common share of Lomiko Metals Inc.
• ½ common‑share purchase warrant (exercise price C$0.15, term 3 years).
• Use of Proceeds:
• Continue pre‑feasibility level engineering studies for the La Loutre natural flake graphite deposit.
• Support baseline data collection, bulk sample acquisition, and anode piloting at La Loutre.
• General working capital.
• Board Discretion: Funds may be reallocated by the Board for sound business reasons.
• Hold Period: Securities subject to a hold period of four months and one day from issuance.
• Regulatory Conditions: Completion pending all required regulatory approvals, including TSXV approval.
• Statement of No Undisclosed Material Fact: Company confirms no material fact or change has been omitted from public disclosure.

Notable Quotes

“The proceeds of the private placement will be used to continue the pre‑feasibility level of the engineering studies for the La Loutre natural flake graphite deposit… and general working capital purposes.” – Gordana Slepcev, CEO, President & Director

All forward‑looking statements are subject to risks and uncertainties as detailed in the release.