Lomiko Metals Identifies New Rare Earth Element (“REE”) Anomalies at the Yellow Fox Critical and Precious Metals Property in Central Newfoundland

Lomiko Metals Inc. has announced the discovery of new rare earth element anomalies at its Yellow Fox Critical and Precious Metals Property located in central Newfoundland. The anomalies were identified through additional REE analysis conducted on samples from the company's recently completed Phase II soil sampling and prospecting program, which was announced in September 2025.

The Yellow Fox property was originally focused on antimony mineralization but appears to be expanding its potential as a critical and precious metals project. The company has optioned the property from Metals Creek, though the specific terms of the option agreement were not detailed in this announcement. The identification of REE anomalies adds a significant new dimension to the project's exploration potential.

This development is particularly noteworthy given the current global focus on critical minerals and rare earth elements, which are essential for clean energy technologies, electric vehicles, and various high-tech applications. Canada has been actively promoting the development of its critical minerals sector, and Newfoundland has emerged as a promising jurisdiction for REE exploration and development.

The timing of this discovery aligns well with increased government and industry attention on securing domestic sources of critical minerals. For Lomiko, the REE anomalies represent a potential value catalyst that could broaden investor interest in the Yellow Fox property beyond its original antimony focus. The company will likely need to conduct follow-up exploration work to better define the extent and grade of the REE mineralization identified through the soil sampling program.