Lomiko Metals Announces Industry & Corporate and Financing Update

Executive Summary

• The Canadian federal budget announced a C$2 billion critical minerals sovereign fund and C$443 million for processing technology, creating a favorable macro‑environment for Lomiko Metals.
• Lomija reports a social‑engineering incident that has delayed receipt of $500,000 of proceeds from its hard‑cash financing (total gross proceeds $845,000); a precautionary stop has been placed on the related share certificates while investigations continue.
• The company is advancing its La Loutre prefeasibility study (target release Q1 2026) and preparing a 38‑hole, 2,500 m drilling program to delineate the Rune and La Roche zones.

Key Details

• Government Funding Landscape – C$2 billion critical minerals sovereign fund (equity investments, loan guarantees, offtake agreements) plus C$443 million for processing tech and stockpiling over five years.
• Strategic Impact – Potential access to federal equity/loan guarantees for Lomiko’s PFS; support for graphite/antimony processing; long‑term demand stability via government stockpiling initiatives.
• Financing Incident – Social‑engineering attack has prevented receipt of $500,000 of the hard‑cash financing announced 6 Oct 2025 (total tranche gross proceeds $845,000).
  • Transfer agent placed a precautionary stop on the share certificate representing the affected shares.
  • No evidence of compromise to Lomiko’s IT systems; investigations ongoing with external experts and transfer agent.
• La Loutre Prefeasibility Study – Engineering work near completion; final report expected by end of Q1 2026, subject to capital availability.
• Drilling Program – Permitting stage for 38 holes totaling ~2,500 m to test Rune and La Roche zones (previously identified at depths of 1.5 km and 3.85 km with grades up to 27.9 % Cg and widths up to 50 m).
• Qualified Person – Technical content reviewed by Gordana Slepcev, P.Eng., CEO & President (NI 43‑101 QP).

Notable Quotes

“The newly announced federal initiatives provide an enhanced macro backdrop for Lomiko, offering alternative financing pathways and reinforcing the strategic importance of our graphite and antimony projects.” – Gordana Slepcev, CEO & President

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