Northwire Canada EditionSunday, November 8, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Financings

Lomiko Metals Announces Private Placement for Gross Proceeds of up to C$500,000 and Provides Community Update

Lomiko Metals Secures Survival Cash Amid CFO Exit and PFS Reality Check

By The Northwire Desk — AI Analysis Apr 13, 2026 · 09:02 LMR · 0.09 Lomiko Metals Inc.
Executive Summary
  • Most Recent Release (April 13, 2026): Lomiko announced a private placement of up to 5,000,000 units at C$0.10 per unit for gross proceeds of up to C$500,000. Each unit includes one common share and half a warrant (full warrant exercisable at $0.15 for three years). Proceeds are designated for working capital, advancing the La Loutre graphite project, and regional exploration.
  • Contextual News (April 10, 2026): CFO Robert Boisjoli resigned; Executive Chair Belinda Labatte appointed Interim CFO pending a permanent search.
  • Contextual News (March 24, 2026): Positive Preliminary Feasibility Study (PFS) released for La Loutre, showing NPV of C$797.5M pre-tax but requiring C$504.6M initial capital.
  • Contextual News (March 1, 2026): Management update disclosed a social-engineering cyber incident involving misdirected funds and an ongoing lawsuit against the Bank of Nova Scotia to recover funds.
Material Impact
  • Financing Size vs. Needs: The C$500,000 raise is negligible relative to the C$504.6M initial capital requirement identified in the March PFS. It serves only as short-term working capital to maintain operations and does not bridge the funding gap for construction.
  • Pricing: The issue price of $0.10 is slightly above the recent trading range ($0.09), which avoids deep dilution but signals tight liquidity conditions requiring immediate cash infusion.
  • Management Instability: The CFO resignation three days prior to this financing introduces governance risk and potential operational friction during a critical development phase (post-PFS).
  • Conclusion: The news is expected for a junior developer in the pre-construction phase. It prevents an immediate stoppage of work but does not materially alter the long-term capital requirements or investment thesis.
LMR · Price
Company Overview
  • Company: Lomiko Metals Inc. is a critical minerals explorer and developer focused on graphite in Quebec and antimony/gold in Newfoundland.
  • Flagship Project: La Loutre Graphite Project (Quebec). 100% owned, subject to a 1.5% NSR royalty (0.5% can be purchased for $500,000).
  • Project Status: Pre-Feasibility Study completed (March 2026). Open-pit mine design with 28-year life.
  • Production Profile: 97,000 tonnes/year concentrate for first 20 years; 39,000 tonnes/year thereafter.
  • Other Assets: Yellow Fox Property (Newfoundland) - Early stage REE/Antimony/Gold exploration. Ruisseau Project (Quebec) - High-grade graphite zones up to 27.9% Cg.
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