Lomiko Metals Announces the Closing of the First Tranche of the Private Placement

Executive Summary

• Lomiko Metals Inc. announced a non-brokered private placement raising aggregate gross proceeds of $800,000 CAD.
• The company issued 8,000,000 units at a price of C$0.10 per unit, with each unit comprising one common share and one-half common share purchase warrant.
• Proceeds are designated for continuing pre-feasibility engineering studies for the La Loutre graphite deposit, supporting bulk sample and anode piloting, and general working capital.

Key Details

• Transaction Structure: Non-brokered private placement.
• Gross Proceeds: $800,000 CAD.
• Units Issued: 8,000,000 units.
• Price Per Unit: C$0.10.
• Warrant Terms: Each unit includes one-half common share purchase warrant.
  • Exercise Price: $0.15 per share.
  • Term: Three years from issuance.
• Use of Proceeds:
  • Continue pre-feasibility level engineering studies for the La Loutre natural flake graphite deposit.
  • Support strategic initiatives including bulk sample and anode piloting at the La Loutre project.
  • General working capital purposes.
• Timeline: The pre-feasibility study is scheduled to be completed by the end of Q1 2026.
• Regulatory Conditions: Completion is subject to receipt of all necessary regulatory approvals, including TSXV approval.
• Hold Period: All securities are subject to a hold period expiring four months and one day from the date of issuance.

Notable Quotes

• Gordana Slepcev, CEO, President, and Director: “The proceeds of the private placement will be used to continue the pre-feasibility level of the engineering studies for the La Loutre natural flake graphite deposit. The proceeds raised will also support other strategic initiatives, including the bulk sample and anode piloting at the La Loutre project, and general working capital purposes. We are on the schedule to finish the pre-feasibility study by the end of Q1 2026, and this financing will ensure the timely finish of the study.”