Lomiko Metals — Shareholder Meeting (December 2024)
32 slides from Lomiko Metals's shareholder meeting presentation, December 2024
Slide 1: Annual General Meeting 2024
A responsible critical minerals developer of choice in Quebec, Canada A partner of excellence in North America for a shared climate success story Annual General Meeting 2024 TSXV: LMR OTC: LMRMD December 2024 Frankfurt: DH8C
Slide 2: Disclaimer
DISCLAIMER This presentation is not a prospectus, offering memorandum or an advertisement and is being provided for information purposes only and does not constitute or form part of, and should not be construed as, an offer or invitation to sell or any solicitation of any offer to purchase or subscr
Slide 3: Land Acknowledgement
Land Acknowledgement The land/projects where we operate are located within the traditional land of the Algonquin Anishnaabeg and Cree Eeyou Istchee Peoples. Our vision is to embrace Indigenous people and Indigenous values within our projects to develop a sustainable approach on our path to critical
Slide 4: Lomiko: a year in review
Lomiko: a year in review • Milestones • Recipient of US$8.35m in a Technology Investment Agreement with United States Department of Defence and C$4.9m in Canadian contribution agreement for offsite graphite piloting – highly competitive process and historical two country announcement • Successful co
Slide 5: Lomiko plan 2025
Lomiko plan 2025 1. Management transition in place, board renewal and continued efficient spending in G&A 2. La Loutre graphite piloting: Continue the work on offsite pilot testing – permitting, 200t bulk sample extraction, transport to the lab, flotation testing and purification and activation of a
Slide 6: Graphite Market
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Slide 7: Graphite is essential for the energy transition
Graphite is essential for the energy transition • Primary Battery – Alkaline, primary alkaline lithium, primary lithium Thionyl Chloride • Secondary Battery – EV, Consumer Goods, Industrial, Aerospace, Solar Panels • Fuel cells • Nuclear Industry (Grade Graphite; PBMRs, Shielding) • Aerospace (Coati
Slide 8: The China dynamic underlines the importance of Lomiko
The China dynamic underlines the importance of Lomiko China is the world's top graphite producer and exporter and refines more than 90% of the world's graphite into the anode material • Trade war on critical minerals is escalating – China banning certain critical minerals export outright to USA • Ex
Slide 9: Lomiko: an ideal partner for investment into electrification growth market
Lomiko: an ideal partner for investment into electrification growth market Outstanding investment opportunity to participate in energy transition and natural flake graphite with government partners with grants from Quebec, the USA Department of Defence and the Canadian Federal government Globally th
Slide 10: Lomiko and the Graphite Market
Lomiko and the Graphite Market Anode material demand by end-use 2018-2028 • Current environment: 52% of the global demand for anode material originates from China, which is essentially its share of the market for manufacturing LiBs • China creating over-capacity: The supply of anode material of 1,45
Slide 11: Lomiko and the Graphite Market
Lomiko and the Graphite Market The graphite customer base is wide with many industrial applications, with the EV sector anticipated to grow in the next 5-15 years, driving the need for natural-flake graphite and anode material for use in batteries. • Electric Vehicles (EVs) Lomiko is advancing the q
Slide 12: Grants and Awards – Non-dilutive capital
Grants and Awards – Non-dilutive capital 12
Slide 13: Over CA$16m concurrent Canadian and USA funding announced May 16
Over CA$16m concurrent Canadian and USA funding announced May 16 ✓ These are non-dilutive non-repayable awards! ✓ Recipient of a US$8.35m (CA$11.2m) R&D (Research & Development) grant from the United States of America Department of Defense (“DoD”) and CAN $4.9m contribution from Natural Resources Ca
Slide 14: Summary of CMRDD program administered by Natural Resources Canada
Summary of CMRDD program administered by Natural Resources Canada ✓ Award: CAN$4.9m • The CMRDD program administered by Natural Resources Canada is to pilot the integrated graphite upgrading process with a 200 mt bulk sample over 3 years for a total contribution agreement of CA$6.6m where Lomiko wil
Slide 15: La Loutre development
La Loutre development A de-risked path to continued development of this strategic critical mineral asset • The U.S. DoD has provided a grant for 50% of the study costs and NRCan is contributing 75% of the pilot program costs, significantly de-risking the project. • Area of focus now: Phase 2 Phase F
Slide 16: La Loutre and Graphite Portfolio
La Loutre and Graphite Portfolio 16
Slide 17: www.lomiko.com TSXV: LMR OTC: LMRMF FRANKFURT: DH8C
www.lomiko.com TSXV: LMR OTC: LMRMF FRANKFURT: DH8C 17
Slide 18: Regional exploration in Grenville belt
Regional exploration in Grenville belt Most prospective graphite belt in North America • Completed 1,518-line kilometers of heliborne geophysical surveys completed over the six graphite properties, with 55 targets identified • 264 claims in total on 6 early-stage projects covering 15,639 hectares in
Slide 19: La Loutre PEA details dated September 2021
La Loutre PEA details dated September 2021 • Two known deposits currently being explored: EV Carmin Zone and Battery Zone Zone • LOM plant production of 21.8 Mtonnes of mill feed at 6.78% Cg diluted EV Zone • Graphite concentrate production at 1.43 Mtonnes Battery grading 95.0% Cg Zone • 14.7-year m
Slide 20: La Loutre: PEA Layout – great base to build on
La Loutre: PEA Layout – great base to build on Mine layout and costs – PEA • Waste rock and tailings co-disposed • Efficient site water management with WASTE ROCK & no wet tailings EV ZONE CODISPOSAL PILE • Pits sequenced to maximize the returns starting from North – EV Pits to South – Battery Pits
Slide 21: Ranked as the seventh biggest deposit worldwide by Mining.COM
Lomiko advantage: Ranked as the seventh biggest deposit worldwide by Mining.COM Source: Mining.com 21
Slide 22: La Loutre single-layer pouch full-cell battery testing
La Loutre single-layer pouch full-cell battery testing met and surpassed commercial graphite results ✓ Demonstrated that La Loutre material is suitable for battery applications – single layer pouch full cell battery testing completed with Polaris Battery Labs, LLC, USA. ✓ The single-layer pouch cell
Slide 23: Next Steps – Phase 2 works: Metallurgical and Battery Trials
Next Steps – Phase 2 works: Metallurgical and Battery Trials • CRITM Quebec studies • Lab testing to set bulk sample processing conditions • Process 1,100kg of the material to generate flotation flakes • NRC- 2000-cycle battery tests • Polaris • Further 500-cycle battery testing • Air Classification
Slide 24: La Loutre – next 6 months
La Loutre – next 6 months • CRITM Quebec studies – Grant finishes at the end of May 2025 • Lab testing to set bulk sample processing conditions • Process 1,100kg of the material to generate flotation flakes • Pre-Requirement to evaluate the equipment capabilities at Corem • SGS can – Quebec lab an o
Slide 25: La Loutre – Bulk Sample Locations
La Loutre – Bulk Sample Locations ➢ DoD and NRC supported- Pilot Processing ➢ Testing to be done in EV Zone only ➢ Proposed - 5 locations ➢ Each Location up to @50tonnes of ore ➢ Road access ➢ Three cutting – minimal ➢ Stripping ➢ Drill/blast ➢ Mining ➢ Haulage ➢ Noise monitoring to establish what a
Slide 26: Share structure
Share structure Lomiko has a tight capital structure with 48.7m shares outstanding 26
Slide 27: Why invest in Lomiko?
Why invest in Lomiko? ✓ $16M in the grants and investment agreement – non-repayable securing 50% of all the funds needed to come to the construction decision ✓ Pilot processing financed the project at 75% of the cost by the federal government and it is non-repayable! ✓ Project is vetted by the US De
Slide 28: Lomiko collaborations
LOMIKO METALS. Lomiko collaborations E Polaris Navigating, Femina Collective C RITM CO ( e mM Investissement Innovation en traitement de minerais Québec Q c Innovation in mineral processing International Canada —_ _— ECOLOGO LSTM Brief] UNIVERSITE National Research Council Canada ee l A A | Sol WW C
Slide 29: For more information
For more information info@lomiko.com Follow us @lomikometals on socials l l l f l
Slide 30: SGS Characterization Study, 2023: 67% fines content in the flotation concentrate
SGS Characterization Study, 2023 67% fines content in the flotation concentrate • La Loutre flake distribution is ~67% fines - suitable for anode market 37% growth year over year! • -100 mesh is used most commonly in SPG (spherical graphite) as a precursor for battery production Size Fraction Analys
Slide 31: La Loutre metallurgical program 99.99% purified graphite content
La Loutre metallurgical program 99.99% purified graphite content ✓ Completed PFS level met testing and optimized flow sheet ✓ Completed value-added testing with ProGraphite – micronization, spheroidization, and purification: ✓ Proved that La Loutre material is suitable for battery applications - Sph
Slide 32: Traditional Graphite Markets Opportunities in addition to EV- ICE and Energy Storage
Traditional Graphite Markets Opportunities in addition to EV- ICE and Energy Storage • Engineered Products include electronics, agriculture, automotive, ceramics, government defence, carbon brushes, and fire retardants that use natural flake graphite. Graphite foils in sheets and rolls are used in e