Lomiko to conduct anode material testing for La Loutre

Executive Summary

• Lomiko Metals has engaged Dorfner Anzaplan GmbH to conduct anode material testing and prepare a National Instrument 43-101-compliant Preliminary Economic Assessment (PEA) for a downstream value-add anode plant in Quebec.
• The company settled $90,000 of outstanding debt with insiders by issuing 900,000 common shares at a deemed value of 10 cents per share.
• The company announced upcoming investor engagement at PDAC 2026 and provided updates on exploration results for its early-stage graphite portfolio and the Yellow Fox antimony/gold/silver property.

Key Details

• Anode Plant PEA Engagement:
  • Contractor: Dorfner Anzaplan GmbH (via UK subsidiary Dorfner Anzaplan U.K. Ltd.).
  • Scope: Conduct testwork and prepare a PEA-level study and NI 43-101 compliant report on the graphite value-add anode plant (CSPG).
  • Process: The plant will transform natural flake graphite concentrate from the La Loutre project into high-purity, battery-grade anode material using caustic bake and chemical leach purification, followed by mechanical micronization, spheroidization, and pitch tar coating.
  • Location: Planned for Quebec, Canada.
  • Standards: Compliance with Canadian Institute of Mining, Metallurgy and Petroleum guidelines and Class 5 of the Association for the Advancement of Cost Estimation.
• Debt Settlement:
  • Amount: $90,000 settled.
  • Consideration: Issuance of 900,000 common shares.
  • Price: Deemed value of 10 cents per share.
  • Counterparties: Insiders of the company.
  • Restrictions: Shares carry a four-month-plus-one-day hold period from issuance.
• Corporate Events:
  • PDAC 2026: CEO and President available for meetings; corporate presentation scheduled for Wednesday, March 4.
• La Loutre Graphite Project (Historical Context):
  • Resource Estimate (May 11, 2023): 64.7 million tonnes of indicated resources averaging 4.59% graphitic carbon (3.0 million tonnes of graphite); 17.5 million tonnes of inferred resources averaging 3.51% Cg (650,000 tonnes of graphite).
  • Price Assumption: $1,098.07 USD/tonne graphite; cut-off grade 1.50% Cg.
• Early-Stage Graphite Portfolio (Laurentides Region):
  • Ruisseau: Grades up to 27.9% carbon graphite from four zones >3km long.
  • Meloche: Grades up to 13.3% Cg from two clusters.
  • Tremblant: Grades up to 11.6% Cg from widespread anomalies.
  • Dieppe: Grades up to 6.82% Cg from anomalies and a distinct cluster.
  • Boyd: Eight samples ranging from 5.61% to 17.10% Cg (all >5.00% Cg).
• Yellow Fox Property (Newfoundland):
  • Commodity: Antimony, Gold, Silver.
  • Historic Results: Grab samples from arsenopyrite-stibnite veins returned up to 59.43 g/t Au, 11.10% Sb, 7.00% Zn, 72.90 g/t Ag, and 5.50% Pb.
  • Location: 10 km SW of Glenwood, NL; on trend with past-producing Beaver Brook antimony mine.

Notable Quotes

• "We are pleased to continue the studies to demonstrate the full added value of La Loutre graphite and engage Anzaplan to start the testwork as the precursor to the preliminary economic assessment for a potential downstream facility. This is a significant step as we work on finalizing the prefeasibility study for La Loutre natural flake graphite project." — Gordana Slepcev, CEO, President and Director