Business
Lomiko Metals Announces the Closing of the First Tranche of the Private Placement
MONTREAL / Sep 29, 2025 / Business Wire / Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the “Company”) is pleased to announce a non-brokered private place
About this update from Lomiko Metals Inc.
[{"type":"text","content":"MONTREAL / Sep 29, 2025 / Business Wire / Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the “Company”) is pleased to announce a non-brokered private placement (the “Offering”) for aggregate gross proceeds of $800,000 through the issuance of 8,000,000 units of the Company (each, a “Unit”) at a price of C$0.10. Each Unit will consist of one common share of the Company and one-half common share purchase warrant exercisable for three years at $0.15. Gordana Slepcev, CEO, President, and Director, stated: “The proceeds of the private placement will be used to continue the pre-feasibility level of the engineering studies for the La Loutre natural flake graphite deposit. The proceeds raised will also support other strategic initiatives, including the bulk sample and anode piloting at the La Loutre project, and general working capital purposes. We are on the schedule to finish the pre-feasibility study by the end of Q1 2026, and this financing will ensure the timely finish of the study. The engineering study enables a wide range of independent consultants, principally based in Quebec, to assess the geology and project potential, select the optimal model that will also mitigate environmental and social risk factors, and best satisfies the vision and objectives of Lomiko as a responsible developer of natural flake graphite in Quebec, Canada for a North American energy supply chain.” While the Company intends to spend the proceeds from the financing as stated above, there may be circumstances where, for sound business reasons, funds may be reallocated at the discretion of the Board. All securities issued shall be subject to a hold period expiring four months and one day from their date of issuance. Completion of the financing and the issuance of the securities remain subject to receipt of all necessary regulatory approvals, including the approval of the TSXV. The Company confirms there is no material fact or material change related to the Company which has not been generally disclosed. About Lomiko Metals Inc. The Company holds mineral interests in its La Loutre graphite development in southern Quebec. The La Loutre project site is within the Kitigan Zibi Anishinabeg (KZA) First Nation’s territory. The KZA First Nation is part of the Algonquin Nation, and the KZA traditional territory is situated within the Outaouais and Laurentides r...