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Financings

Lomiko Metals Announces Opening of Flow-Through Financing

Lomiko Scrapes for Critical Capital Following Cyber-Fraud Loss and Stagnant Share Price

By The Northwire Desk — AI Analysis Dec 18, 2025 · 16:30 LMR · 0.1 Lomiko Metals Inc.
Executive Summary

The most recent news (December 18, 2025) announces a non-brokered flow-through private placement to raise up to $300,000 through the issuance of 2,500,000 shares at $0.12 per share. The proceeds are earmarked for strategic initiatives at the La Loutre graphite project—specifically the bulk sample processing and anode piloting—as well as exploration at the Yellow Fox antimony-gold project in Newfoundland. This follows a corporate update confirming that processing of the 200-tonne bulk sample at Corem Research Center is scheduled to begin in January 2026.

Material Impact
  • The $300,000 raise is relatively small compared to the requirements of a Pre-Feasibility Study (PFS) and a 200-tonne bulk sample program, suggesting a hand-to-mouth financing strategy.
  • The financing price of $0.12 is at a 20% premium to the recent trading price of $0.10, which is typical for flow-through shares in Canada due to tax incentives but reflects limited appetite for "hard dollar" investment at higher valuations.
  • Materiality is tempered by the November 7, 2024 disclosure that the company lost $500,000 (over 60% of a previous $845,000 raise) to a "social engineering incident." This loss significantly weakened the balance sheet and necessitated these frequent, smaller raises.
  • The move to start processing the bulk sample in January 2026 is a positive operational milestone, but the company remains high-risk due to its tight capital position and the significant dilution occurring at low share prices.
LMR · Price
Company Overview

Lomiko Metals is focused on the La Loutre graphite project in Southern Quebec. - Flagship: La Loutre holds an Indicated Mineral Resource of 64.7 million tonnes at 4.59% Cg (3.0 million tonnes of contained graphite). - Stage: Transitioning from Mineral Resource Estimate (MRE) to Pre-Feasibility Study (PFS). - Secondary Focus: Yellow Fox project in Newfoundland, targeting antimony, a critical mineral currently facing supply constraints due to Chinese export bans.

Read the original news release →

More from Lomiko Metals Inc.

Oct 06, 2026 · 08:30

Lomiko completes a C$0.13 per share cash buyout and delists from the TSX on October 7.

M&A / Property Sep 28, 2026 · 17:00

Global Battery Materials acquires Lomiko for $0.13 cash following a final court order.

M&A / Property Sep 23, 2026 · 17:00

Lomiko securityholders approved a C$0.13 per share all-cash buyout for GBM, with a court order expected next.

M&A / Property Sep 08, 2026 · 21:35

Proxy firms back a $0.13 cash deal, clearing the path for Lomiko’s acquisition.

M&A / Property Aug 26, 2026 · 18:00

An interim court order keeps Lomiko’s C$0.13 per share buyout on track for a fourth quarter close.

M&A / Property Aug 07, 2026 · 07:30

Lomiko’s $0.13 acquisition deal gains traction despite cash crunch and low support hurdles.

Financings