Lomiko Metals Announces Operational and Corporate Update

Lomiko Metals Inc. has taken a significant step forward in its graphite value chain development by engaging Dorfner Anzaplan GmbH to conduct anode material testing and prepare a NI 43-101 compliant Preliminary Economic Assessment for a proposed graphite value-addition plant in Quebec. The facility will process natural flake graphite concentrate from the company's La Loutre project into battery-grade anode material through caustic bake purification, micronization, spheroidization, and coating processes.

The announcement represents an important progression in Lomiko's strategy to move beyond raw material production into higher-value battery supply chain positioning. The La Loutre project, located 180 kilometers northwest of Montreal, already boasts substantial resources with 64.7 million tonnes of Indicated Mineral Resources averaging 4.59% graphitic carbon, containing 3.0 million tonnes of contained graphite. This resource base increased by 184% following the 2022 drilling campaign, providing a solid foundation for downstream processing operations.

The company also provided updates on its broader exploration portfolio across seven early-stage projects in southern Quebec, reporting encouraging results including grades up to 27.9% carbon graphite at the Ruisseau project. These early-stage assets span 18,622 hectares and offer potential for resource expansion within the graphite-rich Laurentian region. Additionally, Lomiko settled $90,000 in debt through the issuance of 900,000 shares at $0.10 per share to insider creditors.

The timing of this development aligns with growing demand for North American battery materials and critical minerals supply chain security. By advancing toward value-added processing capabilities, Lomiko is positioning itself to capture higher margins in the battery materials market rather than competing solely as a raw material supplier. The engagement of Anzaplan, a recognized specialist in mineral processing and feasibility studies, adds technical credibility to the downstream development strategy and should provide investors with confidence in the project's technical viability.