Lomiko Metals Announces Industry & Corporate and Financing Update

Industry Update - The Canadian government has announced a C$2 billion critical minerals sovereign fund over five years to support equity investments, loan guarantees, and offtake agreements for eligible projects and companies [2] - Natural Resources Canada and the Department of Innovation, Science, and Economic Development will receive C$443 million over five years to enhance processing technologies and stockpile critical minerals, which will benefit companies like Lomiko focusing on graphite and antimony [2] - The government's initiatives signal a strategic approach to treating critical minerals as national assets, potentially stabilizing long-term demand and pricing for developers with locally controlled resources [6] Corporate Update - Lomiko Metals is finalizing the engineering work on the La Loutre prefeasibility study, expected to be released by the end of Q1 2026, contingent on capital availability [4] - The company is in the permitting stage for a 38-hole drill program to define the Rune and La Roche zones, with grades tested in Quebec reaching up to 27.9% carbon content [5] - Lomiko has reported a social engineering incident affecting the receipt of $500,000 for shares related to a hard dollar financing, with total gross proceeds of $845,000 from the financing announced on October 6 and October 15, 2025 [5][7] Strategic Positioning - Lomiko's focus on stockpiling and its graphite portfolio in Quebec positions it well to contribute to the Federal Government and G7 goals in developing the critical minerals supply chain [4] - The equity-and-loan guarantee fund provides emerging resource companies with alternative financing pathways, which could support Lomiko's progress with its prefeasibility study [6] - The support for innovation and processing technologies addresses key challenges in advancing from exploration to value-added processing, which is crucial for Lomiko's ongoing studies [6] Mineral Resource Estimate - Lomiko published an updated Mineral Resource Estimate for the La Loutre Project, estimating 64.7 million tonnes of Indicated Mineral Resources averaging 4.59% carbon content per tonne, representing a 184% increase in tonnage [11] - The estimate includes an additional 17.5 million tonnes of Inferred Mineral Resources averaging 3.51% carbon content per tonne, resulting from the 2022 drilling campaign [11] Project Interests - Lomiko holds interests in seven early-stage projects in southern Quebec, covering 328 claims and 18,622 hectares, in addition to its La Loutre graphite development [12] - The company has a 49% stake in the Bourier Project, located in Quebec's lithium triangle, which consists of 203 claims covering 10,252.20 hectares [15]