CORRECTING and REPLACING Lomiko Metals Announces the Hard Dollar Financing

Core Viewpoint - Lomiko Metals Inc. announces a private placement to raise up to $800,000 through the issuance of 8,000,000 units at a price of C$0.10 per unit, aimed at funding engineering studies and strategic initiatives for the La Loutre graphite project [1][2]. Financing Details - The private placement will consist of 8,000,000 units, each comprising one common share and one-half common share purchase warrant, exercisable for three years at $0.15 [1]. - The total gross proceeds from the offering are expected to be up to $800,000 [1]. Use of Proceeds - Proceeds will be allocated to pre-feasibility engineering studies for the La Loutre natural flake graphite deposit, baseline data collection, bulk sampling, anode piloting, and general working capital [2]. - The engineering studies will involve independent consultants to assess geology and project potential, aiming to select an optimal production model that mitigates environmental and social risks [2]. Regulatory Compliance - All securities issued will be subject to a hold period of four months and one day from the issuance date, and the financing is contingent upon receiving necessary regulatory approvals, including from the TSXV [3]. Company Overview - Lomiko Metals holds mineral interests in the La Loutre graphite development located in southern Quebec, covering 4,528 hectares [4]. - The La Loutre project is situated within the territory of the Kitigan Zibi Anishinabeg First Nation and consists of one large block with 76 mineral claims [4]. Mineral Resource Estimate - An updated Mineral Resource Estimate for the La Loutre project indicates 64.7 million tonnes of Indicated Mineral Resources averaging 4.59% Cg per tonne, representing a 184% increase in tonnage [6][7]. - The estimate includes 3.0 million tonnes of graphite and reflects results from a 2022 drilling campaign that significantly increased the Indicated Mineral Resources [7]. Additional Projects - The company also has interests in seven early-stage projects in southern Quebec, covering a total of 18,622 hectares [8].