Lomiko Metals Announces Closing of Flow-Through Financing

Executive Summary

• Lomiko Metals Inc. closed a non‑brokered private placement raising approximately $800,000 by issuing 6,666,666 flow‑through common shares at $0.12 each.
• The company paid cash finder’s fees of $45,600 and issued 380,000 Finder’s Warrants (each allowing purchase of one common share at $0.24 for two years).
• Proceeds will be used for resource exploration expenses, including bulk sampling and anode piloting at La Loutre, antimony‑gold prospecting at Yellow Fox, and regional graphite exploration in Quebec.

Key Details

• Offering size: ~6.67 million FT Shares @ $0.12 per share → gross proceeds ≈ $800,000.
• Finder’s fees: Cash payment of $45,600.
• Finder’s Warrants: 380,000 warrants issued (6% of FT Shares), exercisable at $0.24 per share for a 2‑year period.
• Hold period: All securities subject to a hold period expiring 4 months + 1 day from issuance date.
• Use of proceeds:
• Bulk sample and anode piloting at the La Loutre graphite project.
• Exploration of the Yellow Fox antimony‑gold prospect in Newfoundland.
• Regional graphite exploration across Quebec.
• Tax treatment: Shares qualify as flow‑through eligible funds; qualifying expenditures to be incurred by Dec 31 2026 and renounced by Dec 31 2025. Québec residents may benefit from additional provincial tax incentives.
• CEO comment: “We are pleased to close the private placement and deploy the proceeds … for strategic initiatives, such as the bulk sample and anode piloting at the La Loutre project…” – Gordana Slepcev, CEO & President.

Notable Quotes

“We are pleased to close the private placement and deploy the proceeds from this flow‑through financing for strategic initiatives, such as the bulk sample and anode piloting at the La Loutre project, exploring the Company’s Yellow Fox property antimony‑gold prospect in Newfoundland and regional graphite exploration in Quebec.” – Gordana Slepcev, CEO & President.