Lomiko Metals Announces Closing of Flow-Through Financing

Executive Summary

• Lomiko Metals closed a non‑brokered private placement raising $300,000 by issuing 2.5 million flow‑through common shares at $0.12 each.
• The financing included cash finder’s fees of $21,000 and the issuance of 175,000 finder’s warrants (7% of the FT shares) exercisable at $0.12 for two years.
• Proceeds are earmarked for strategic initiatives: bulk‑sample and anode pilot work at La Loutre graphite project, regional graphite exploration in Quebec, and exploration of the Yellow Fox antimony‑gold prospect in Newfoundland.

Key Details

• Offering size: $300,000 gross proceeds.
• Shares issued: 2,500,000 flow‑through common shares @ $0.12 per share.
• Finder’s fees paid: $21,000 cash.
• Finder’s warrants: 175,000 warrants (7% of FT shares), each allowing purchase of one common share at $0.12; term of two years.
• Hold period: All securities subject to a hold period expiring four months and one day from issuance date.
• Use of proceeds:
• Bulk‑sample and anode piloting at La Loutre graphite project.
• Regional graphite exploration across Quebec.
• Exploration of Yellow Fox property (antimony‑gold prospect) in Newfoundland.
• CEO comment: Gordana Slepcev highlighted that the financing will support “strategic initiatives, such as the bulk sample and anode piloting at the La Loutre project, regional graphite exploration in Quebec, and exploring the Company’s Yellow Fox property antimony‑gold prospect in Newfoundland.”

Notable Quotes

• Gordana Slepcev, CEO/President: “The proceeds from this flow‑through financing will be used for strategic initiatives, such as the bulk sample and anode piloting at the La Loutre project, regional graphite exploration in Quebec, and exploring the Company’s Yellow Fox property antimony‑gold prospect in Newfoundland.”