Lomiko Metals Announces Receipt of Province of Quebec Permits to Initiate the Bulk Sample Works at La Loutre Graphite Project and Update on Private Placement

Lomiko Metals Inc. has secured critical regulatory approval from the Province of Quebec to advance its La Loutre Graphite Project to the next phase of development. The company received the Autorisation pour travaux d'exploration à impacts (ATI), which permits the execution of a planned 250-tonne bulk sample at the La Loutre Graphite deposit. This regulatory milestone represents a significant step forward in the project's development timeline and demonstrates the company's ability to navigate Quebec's permitting process successfully.

The bulk sampling program represents a crucial phase in the project's advancement, as it will provide essential data for metallurgical testing and process optimization. For graphite projects, bulk sampling is particularly important as it allows companies to validate processing methods and produce material samples for potential customers to evaluate. The 250-tonne scale of this bulk sample is substantial and should provide sufficient material for comprehensive testing programs.

The receipt of these permits positions Lomiko Metals to move forward with field operations at La Loutre, marking the transition from exploration to more advanced development activities. This progress comes at a time when graphite demand is increasing due to its critical role in battery manufacturing and other industrial applications. The company's ability to advance the project through Quebec's regulatory framework also demonstrates the jurisdiction's continued support for critical minerals development.

The announcement also references an update on the company's private placement, suggesting ongoing efforts to secure financing for the project's advancement. The combination of regulatory approval and financing activities indicates the company is taking a comprehensive approach to project development, addressing both operational and capital requirements to move La Loutre forward.