InvestmentPitch Media Video Features Lomiko Metals’ Raising of up to $2.6 Million in Regular and Flow-Through Units to Advance its Graphite and Lithium Projects in Quebec - Seite 2

La Loutre consists of one large, continuous block with 76 mineral claims totalling 4,528 hectares, is underlain by rocks belonging to the Grenville Province of the Precambrian Canadian Shield. The Grenville was formed under conditions that were very favourable for the development of coarse-grained, flake-type graphite mineralization from organic-rich material during high-temperature metamorphism.

In April, 2023, Lomiko published an Updated Mineral Resource Estimate (MRE) which estimated 64.7 million tonnes of Indicated Mineral Resources averaging 4.59% Cg per tonne for 3.0 million tonnes of graphite, a tonnage increase of 184%. Indicated Mineral Resources increased by 41.5 million tonnes as a result of the 2022 drilling campaign, from 17.5 million tonnes in 2021.

Pre-feasibility metallurgical test work achieved excellent results and demonstrated that an optimized flotation plant flow sheet can achieve 94.7% graphite recovery and average 98.7% graphitic carbon purity. The larger flakes are mostly used in the higher value industrial applications, with the -100 mesh most commonly used in battery production.

The funding will continue the metallurgical testing, value-added testing, and battery trials.

Net proceeds from the flow-through offering will be used at the recently acquired Carmin Graphite project, the Laurentides regional graphite exploration program and the Bourier Lithium property exploration program.

The Carmin natural flake graphite property, adjacent to La Loutre, has historical mineral resources of in-situ graphite.

Within its exploration portfolio, the company has an exploration proposal to explore further its Bourier lithium property located on the prolific Nemaska lithium belt, to obtain its 49% ownership position with Critical Elements. The property, which covers 203 claims for a total ground position of 10,252 hectares, boasts other lithium deposits and known lithium mineralization. Analytical results from 2021 field work featured high-grade values for zinc and tungsten and anomalies in lithium-tantalum-cesium and gold. A total of 15 high to moderate prospective lithium targets were identified.

For more information, please visit the company’s website: www.lomiko.com, contact Belinda Labatte, CEO, at 647-402-8379 or by email at [e-mail].

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