Lomiko Metals Announces Closing of the Oversubscribed Second Tranche of the Hard Dollar Financing

Lomiko Metals Inc. has announced the successful closing of the second tranche of its hard dollar financing, raising $195,000 through the issuance of 1,950,000 common shares priced at $0.10 per share. The financing, which was initially announced on September 29, 2025, has been oversubscribed, indicating strong investor interest in the company's prospects.

The company is now applying to the TSX Venture Exchange for final approval to complete this second tranche of the financing. The successful completion of this oversubscribed financing provides Lomiko with additional working capital to advance its business objectives and positions the company to continue pursuing its strategic initiatives.

The oversubscribed nature of the financing reflects positive market sentiment toward Lomiko's prospects and demonstrates the company's ability to access capital markets effectively. This funding will strengthen the company's balance sheet and provide financial flexibility for future operations and potential growth opportunities in the metals sector.