Lomiko Metals Announces Closing of the Oversubscribed Second Tranche of the Hard Dollar Financing

Executive Summary

• Lomiko Metals Inc. is seeking TSXV approval to close a second tranche private placement for $195,000 in hard‑dollar financing.
• The offering will issue 1,950,000 common shares at $0.10 each plus half‑warrants exercisable at $0.15 (three‑year term), and is oversubscribed by $45,000.
• Proceeds are earmarked for the engineering phase of the La Loutre graphite prefeasibility study, bulk‑sample and anode piloting, as well as general working capital.

Key Details

• Financing Structure: 1,950,000 common shares @ $0.10 per share + half‑warrant (exercise price $0.15, three‑year expiry).
• Gross Proceeds: $195,000 (oversubscribed by an additional $45,000).
• Cash Finder’s Fee: 5% of gross proceeds ($8,500).
• Hold Period: Securities subject to a lock‑up expiring 4 months + 1 day from issuance.
• Regulatory Conditions: Completion pending TSXV and other regulatory approvals.
• Use of Proceeds:
• Continue engineering work on La Loutre graphite prefeasibility study.
• Advance bulk‑sample testing and anode piloting at La Loutre.
• General working capital.
• Related Party Transaction: One insider subscribed for 250,000 units; transaction exempt from MI 61‑101 valuation/approval thresholds (<25% market cap).
• CEO Quote: Gordana Slepcev highlighted the oversubscribed closing and strategic deployment of funds to advance La Loutre development.

Notable Quotes

“We are pleased to announce the successful closing of the oversubscribed second tranche of our private placement. The funds raised will be strategically deployed to advance the development and engineering of the La Loutre natural flake graphite project in alignment with top industry standards.” – Gordana Slepcev, CEO, President & Director

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