Lomiko Metals Announces Private Placement for Gross Proceeds of up to C$500,000 and Provides Community Update

About this update from Lomiko Metals Inc.

Lomiko Metals Announces Private Placement for Gross Proceeds of up to C$500,000 and Provides Community Update .bwalignc { text-align: center; list-style-position: inside } .bwuline { text-decoration: underline } Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the “Company”) is pleased to announce a private placement (the “Offering”) for aggregate gross proceeds of up to $500,000 through the issuance of 5,000,000 units of the Company (each, a “Unit”) at a price of C$0.10 per Unit. Each Unit will consist of one common share of the Company and one-half common share purchase warrant (each whole warrant a “Warrant”), with each Warrant entitling the holder to acquire one common share of the Company at a price of $0.15 per share for a period of 3 years following the closing of the Offering (the “Closing”). The Company intends to use the proceeds of the Offering for general working capital purposes, the advancement of the La Loutre natural flake graphite project (the “Project”), and for regional graphite exploration. All securities issued shall be subject to a hold period expiring four months and one day from the Closing. Completion of the Offering is subject to receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. Community Update Lomiko is pleased to announce that it is working more closely with a local construction partner on further development of the Project and is currently reviewing a number of mutually beneficial cooperation opportunities. This working relationship solidifies and demonstrates Lomiko’s commitment to regional participation and creates community alignment and opportunities not just for this specific group but also for other service providers and community members via direct employment, and underscores the importance of critical mineral projects in Quebec and Canada as economic engines of growth. Lomiko is continuing to work with many local contractors and Quebec suppliers throughout its study phase, as previously announced, given the region's qualified workforce and many established engineering services. Lomiko is working on finalizing the NI-43-101 Preliminary Feasibility Report for its La Loutre graphite project, with the report expected to be published on or before May 8th, 2026. The Pre...

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