Lomiko Metals — Investor Presentation (October 2024)
31 slides from Lomiko Metals's investor presentation, October 2024
Slide 1: A responsible critical minerals developer of choice in Quebec, Canada
A responsible critical minerals developer of choice in Quebec, Canada A partner of excellence in North America for a shared climate success story TSXV: LMR OTC: LMRMD October 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: Opportunity and Investment Highlights
OPPORTUNITY AND INVESTMENT HIGHLIGHTS 4
Slide 5: Lomiko: an ideal partner for investment
Lomiko: an ideal partner for investment • Outstanding opportunity for a strategic investor to invest in Quebec, the USA Department of Defence and Canadian Federal government graphite opportunity • Over C$16m in non-dilutive and non-repayable award contributions achieved, setting Lomiko apart from al
Slide 6: 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 CA$4.9m contribution from Natural Resources Canad
Slide 7: Summary of CMRDD program administered by Natural Resources Canada
Summary of CMRDD program administered by Natural Resources Canada ✓ Award: CA$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 will
Slide 8: 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. Phase Four Construction Phase Three
Slide 9: Current Trends
LOMIKO METALS. CURRENT TRENDS
Slide 10: Rho Motion EV sales
LOMIKO Rho Motion EV sales US Election 2024 The US market has been slow but steady & ‘000 sales 240 —— ——"_ Musa 180 Ml EV Penetration r 12 120 8 60 4 ¥ 0 Jan- Apr- Jul- = Oct-|) Jan- Apr- Jul- | Oct- Jan- Apr-Jul Oct- Jan- Apr- JuF Oct- 21 21 2 2 22 22 22 22 23 23 23 23 24 24 24 24 rho,, motion 10
Slide 11: Rho Motion EV sales
Rho Motion EV sales US Election 2024 Bipartisan Infrastructure Law Funding amount, USD billion Battery Related Projects 60 Battery Materials Processing Grants Battery Manufacturing and Recycling Grants | 3.0 Battery and Critical Mineral Recycling 011 R&D initiatives to advance battery technology 05
Slide 12: Rho Motion EV Sales
Rho Motion EV Sales • Globally, the market continues to show strong growth, up 21% compared to the same period (Jan-Jul) in 2023. • Battery Electric Vehicles (BEVs) represent 65% and Plug-in hybrids (PHEVs) represent 35% of sales in 2024 so far. • The market share of PHEVs has grown by 5 percentage
Slide 13: La Loutre Graphite
LOMIKO METALS. LA LOUTRE GRAPHITE
Slide 14: www.lomiko.com TSXV: LMR OTC: LMRMF FRANKFURT: DH8C
www.lomiko.com TSXV: LMR OTC: LMRMF FRANKFURT: DH8C 14
Slide 15: Lomiko is poised to be the responsible developer of choice in the South of Quebec
Lomiko is poised to be the responsible developer of choice in the South of Quebec La Loutre Graphite Project Source: NI 43-101 Technical Report and Preliminary Economic Assessment (July 2021) 15
Slide 16: Lomiko advantage: 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 16
Slide 17: 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 18: NPV scenario analysis: Positively leveraged to expected graphite price increases
NPV scenario analysis: Positively leveraged to expected graphite price increases • PEA used a graphite concentrate selling price of US $916/t • The current forecast selling price for +94%Cg is US $1,070/t of graphite concentrate (source: Benchmark / Lone Star) • Current public information by graphit
Slide 19: Lomiko advantage: Concentrate grade and NPV/capex multiple
Lomiko advantage: Concentrate grade and NPV/capex multiple • Updating the Lomiko PEA for US $1,500/t Graphite selling price improves on current solid project returns. • The La Loutre project combines high-grade coventrate with compelling economics of a post-tax IRR of 43%, post- tax NPV of $520M, an
Slide 20: La Loutre Graphite Project
La Loutre Graphite Project 20
Slide 21: 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 22: 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 23: La Loutre thermal purification and half-cell battery testing – National Research Council
La Loutre thermal purification and half-cell battery testing surpassed commercial graphite results – National Research Council ✓ NRC Study Phase 1- half-cell coin battery testing demonstrated that La Loutre material is suitable for battery applications – half-coin battery testing demonstrating highe
Slide 24: La Loutre half-cell battery testing surpassed commercial graphite results - Polaris
La Loutre half-cell battery testing surpassed commercial graphite results - Polaris ✓ Demonstrated that La Loutre material is suitable for battery applications – half-coin battery testing with Polaris Battery Labs, LLC, USA, is demonstrating higher reversible capacity compared to commercially availa
Slide 25: 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 26: Lomiko collaborations
LOMIKO METALS. Lomiko collaborations @ Polaris wesc Femina SF BATTERY LABS . — Collective C RITM CO ( e mM Investissement Innovation en traitement de minerais Québec in Innovation in mineral processing International Canada anadda Ea BEER] UNIVERSITE National Research | _ es * LAVAL Council Canada :
Slide 27: Next Steps – Metallurgical and Battery Trials
Next Steps – 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 Testing • Upgr
Slide 28: Current R&D: environmentally responsible air classification
Current R&D: environmentally responsible Air classification testing: air classification • Separate graphite-containing material using air • Graphite air classification involves a four-step process that will separate the waste material from the graphite without the use of water or chemicals to offer
Slide 29: For more information
For more information info@lomiko.com Follow us @lomikometals on socials l l l f l
Slide 30: La Loutre total project costs and use of funds
La Loutre total project costs and use of funds • An investment of $5M to $10M will accelerate the completion of a PFS and environmental and community impact studies Project Deliverables – DoD Grant Costs Project Deliverables – NRCan Costs PFS – Pre-feasibility Study $6.1M Contribution 200Mt bulk sam
Slide 31: La Loutre graphite development milestones
La Loutre graphite development milestones • Permitting and capital dependent – 100,000tpa flake concentrate within 5 years PFS / Includes anode transformation plant Graphite to Battery Pilot Lab Testing Feasibility Study Baseline studies EIS/ BAPE/ Permitting Construction Production 2024 31