Lomiko Metals Announces Start of La Loutre Graphite Bulk Sample Processing and Upgrading to Anode Material with Corem Research Center, based in Quebec, and Corporate Update

Executive Summary

• Lomiko Metals completed fieldwork to extract a 200‑metric‑tonne bulk sample from the La Loutre graphite deposit, now being crushed and prepared for pilot‑scale upgrading at Corem Research Center beginning Jan 2026.
• The pilot program will test flotation, micronization, spheroidisation, purification and coating to produce battery‑grade anode material, advancing La Loutre toward commercial graphite supply for lithium‑ion batteries.
• Lomiko will settle $90,000 CDN of outstanding debt by issuing 818,181 common shares (CAD 0.10 per share) to insider creditors, subject to TSX Venture Exchange approval.

Key Details

• Bulk Sample: 200 metric tonnes extracted; currently crushed by a local contractor; transport to Quebec City for processing at Corem Research Center.
• Pilot Program Start: January 2026.
• Processing Steps: Flotation → Micronization → Spheroidisation → Purification → Coating, targeting battery‑grade graphite.
• Objective: Validate the proposed upgrading process and demonstrate that La Loutre flake graphite can meet specifications for lithium‑ion battery anodes.
• Collaboration: Corem (research hub) provides expertise in mineral processing; project supported by a contribution agreement to strengthen Canadian graphite expertise.
• CEO Quote (Gordana Slepcev): Emphasized transition from laboratory‑scale findings to pilot‑scale validation and the strategic importance of graphite as a priority critical mineral for energy storage.
• Corem CEO Quote (Francis Fournier): Highlighted Corem’s role in advancing Quebec’s critical minerals through sustainable processing technologies.
• Debt Settlement: $90,000 CDN debt to be settled via issuance of 818,181 common shares at a deemed value of CAD 0.10 per share; shares subject to four‑month plus one‑day hold period and TSX Venture Exchange approval.
• Qualified Person: Gordana Slepcev, P.Eng., CEO & President, reviewed and approved technical content under NI 43‑101.

Notable Quotes

“This initiative is critical for Lomiko as it transitions prior laboratory‑scale findings to pilot‑scale validation… the objective is to demonstrate performance at a larger scale, ensuring our graphite materials meet the specifications for lithium‑ion battery anode applications.” – Gordana Slepcev, CEO & President

“Corem is pleased to collaborate with Lomiko on this significant project… supporting the development of Quebec’s deposits and the advancement of critical and strategic minerals.” – Francis Fournier, President & CEO, Corem