Lomiko Announces Omnibus Equity Incentive Plan Grants and Stock Option Cancellations

Core Viewpoint - Lomiko Metals Inc. has announced the grant of Restricted Share Units (RSUs) and Deferred Share Units (DSUs) to its management and board as part of its annual incentive program, aligning compensation with long-term objectives [1][3]. Compensation Details - The Board approved the grant of a total of 411,095 RSUs and 731,953 DSUs to the Company's directors, while management received 425,133 RSUs and 50,000 stock options [2]. - RSUs will vest by January 22, 2027, calculated based on a 5-day volume weighted average closing price of C$0.15 per common share [4]. - DSUs for directors will also vest on January 22, 2027, and are settled upon retirement from the board, similarly calculated using the same share price [5]. - Management's stock options have a 5-year term with a vesting schedule of one-third on the grant date, the first anniversary, and the third anniversary, with an exercise price of C$0.15 per option [6]. Stock Options Cancellation - The board has cancelled a total of 355,000 stock options with an exercise price of C$1.20 to increase available capacity under the Plan [7]. Company Overview - Lomiko Metals holds mineral interests in the La Loutre graphite development in southern Quebec, covering 4,528 hectares [8]. - The La Loutre project is located within the territory of the Kitigan Zibi Anishinabeg First Nation and is 180 kilometers northwest of Montreal [8]. Mineral Resource Estimate - An updated Mineral Resource Estimate for the La Loutre Project reported 64.7 million tonnes of Indicated Mineral Resources averaging 4.59% Cg per tonne, representing a 184% increase in tonnage [10]. - The increase in Indicated Mineral Resources was attributed to a 2022 drilling campaign, which added 41.5 million tonnes compared to the 2021 estimate [10][11]. Additional Projects - The Company also has interests in seven early-stage projects in southern Quebec, covering 328 claims and totaling 18,622 hectares [12].