Lomiko Metals Inc. Files a Positive Preliminary Feasibility Study For La Loutre Graphite Project on SEDAR

Lomiko Metals Inc. has successfully filed a comprehensive preliminary feasibility study (PFS) for its La Loutre Graphite Project with SEDAR+, demonstrating robust economics and technical viability. The independent study, prepared by DRA Americas Inc. in accordance with NI 43-101 standards, presents compelling financial metrics including a pre-tax net present value of CA$797.5 million with a 30.3% internal rate of return, and an after-tax NPV of CA$617.4 million with a 24.7% IRR.

The project's resource base comprises 46.8 million tonnes of probable mineral reserves at an average grade of 4.79% graphitic carbon, containing 2.24 million tonnes of in-situ graphite. Over a 28-year mine life, the operation is projected to produce 2.149 million tonnes of graphite concentrate grading 97% carbon, with a mill recovery rate of 93%. Initial capital costs are estimated at CA$504.6 million, with payback periods of 3.1 years pre-tax and 3.2 years after-tax.

Strategically positioned 180 kilometers northwest of Montreal within the Kitigan Zibi Anishinabeg First Nation territory, La Loutre represents a significant opportunity for North American critical minerals supply chain development. The project has secured substantial backing through the U.S. Defense Production Act Title III, with US$8.35 million awarded to complete multiple development phases, highlighting its strategic importance for continental battery materials security.

The positive PFS results position Lomiko to advance toward a full feasibility study while continuing environmental impact assessments and community engagement. With graphite prices projected at US$1,524 per tonne and strong economic fundamentals, La Loutre could become a major economic driver for southern Quebec, generating over $4.7 billion in revenue and providing hundreds of long-term employment opportunities. The company's commitment to environmental responsibility and Indigenous partnership further strengthens the project's development prospects in the growing electric vehicle and energy storage markets.