In addition, the Company will extend the early incentive program pursuant to which the Company will offer holders of the above-noted outstanding warrants the opportunity to exercise to
#439, 7184 120th Street, Surrey, BC, V3W 0M6● Ph: (778) 228-1170 ● Fax: (604) 583-1932 ● Website: www.lomiko.com
April 24, 2025 – Montreal, Québec: Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or
the “Company”) announces that further to its press release dated April 3, 2025, in order to reduce
the exercise price of the warrants, the TSX Venture Exchange requires that the Company include
an accelerated exercise period provision in the amended warrants. The accelerated exercise period
provision will provide that, if the closing price of the Company’s shares is $0.18 or higher for 10
consecutive trading days (the "Premium Trading Days"), w arrant holders will have 30 calendar
days, commencing 7 calendar days after the last Premium Trading Day. The proposed
amendments to the Warrants are subject to acceptance by the TSX Venture Exchange.
In addition, the Company will extend the early incentive program pursuant to which the Company
will offer holders of the above-noted outstanding warrants the opportunity to exercise to May 15,
2025. Refer to the Company’s press release dated April 3, 2025.
About Lomiko Metals Inc.
The Company holds mineral interests in its La Loutre graphite development in southern Quebec.
The La Loutre project site is within the Kitigan Zibi Anishinabeg (KZA) First Nation’s territory.
The KZA First Nation is part of the Algonquin Nation, and the KZA traditional territory is situated
within the Outaouais and Laurentides regions. Located 180 kilometers northwest of Montreal, the
property consists of one large, continuous block with 76 mineral claims totaling 4,528 hectares
(45.3 km2).
The Property is underlain by rocks from the Grenville Province of the Precambrian Canadian
Shield. The Grenville was formed under conditions that were very favorable for the development
of coarse -grained, flake -type graphite mineralization from organic -rich material during high-
temperature metamorphism.
Lomiko Metals published an updated Mineral Resource Estimate (MRE) in a NI 43-101 Technical
Report and Mineral Resource Estimate Update for the La Loutre Project, Quebec, Canada,
prepared by InnovExplo on May 11th, 2023, which estimated 64.7 million tonnes of Indicated
Mineral Resources averaging 4.59% Cg per tonne for 3.0 million tonnes of graphite, a tonnage
increase of 184%. Indicated Mineral Resources increased by 41.5 million tonnes as a result of the
2022 drilling campaign, from 17.5 million tonnes in 2021 MRE with additional Mineral resources
reported down- dip and within marble units resulted in the addition of 17.5 million tonnes of
Inferred Mineral Resources averaging 3.51% Cg per tonne for 0.65 million tonnes of contained
graphite; and the additional 13,107 metres of infill drilling in 79 holes completed in 2022 combined
with the refinement of the deposit and structural models contributed to the addition of most of the
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Inferred Mineral Resources to the Indicated Mineral Resource category, relative to the 2021
Mineral Resource Estimate. The MRE assumes a US$1,098.07 per tonne graphite price and a cut-
off grade of 1.50% Cg (graphitic carbon).
The Company also holds interest in seven early -stage projects in southern Quebec, including
Ruisseau, Tremblant, Meloche, Boyd, Dieppe, North Low and Carmin, covering 328 claims in
total on 7 early- stage projects covering 18,622 hectares in the Laurentian region of Quebec and
within KZA territory.
The stage graphite portfolio consists of 328 claims in total on 7 early- stage projects covering
18,622 hectares in southern Quebec.
• Ruisseau–grades up to 27.9 percent carbon graphite (“% Cg”) from four distinct high
grade mineralized zones that are over 3km long;
• Meloche –grades up to 13.3% Cg from two distinct mineralized clusters;
• Tremblant –grades up to 11.6% Cg from numerous, widespread spot anomalies; and
• Dieppe –grades up to 6.82% Cg from numerous, widespread spot anomalies and a distinct
mineralized cluster.
• Boyd–8 samples grades range from 5.61%Cgto 17.10 %Cg with all samples above 5.00%
Cg
In addition to La Loutre, Lomiko has earned-in its 49% stake in the Bourier Project from Critical
Elements Lithium Corporation as per the option agreement announced on April 27 th, 2021. The
Bourier project site is located near Nemaska Lithium and Critical Elements south-east of the Eeyou
Istchee James Bay territory in Quebec, which consists of 203 claims for a total ground position of
10,252.20 hectares (102.52 km2), in Canada’s lithium triangle near the James Bay region of
Quebec that has historically housed lithium deposits and mineralization trends.
The Yellow Fox Property is located approximately 10 km southwest of the Town of Glenwood
NL, and south of the Trans-Canada Highway. The Property occurs within NTS map sheets 02D/14
and 15 with excellent access along several logging and skidder roads origi nating from
Glenwood. The main Yellow Fox showing is located in the central part of License 027536M, 5km
from the western end of Gander Lake. The property is centered at approximately UTM (NAD 27)
grid coordinates 5,419,400m North and 645,300m East.
This property is on the same trend as the past -producing antimony mine Beaver Brook, which is
located 25km southwest of the property. Yellow Fox is an early- stage exploration property
prospective in antimony, gold, and silver where historic works returned samples anomalous in gold
(Au), antimony (Sb), lead (Pb), zinc (Zn), and silver (Ag). The trenching exposed the rocks,
resulting in grab samples to 59.43g/t Au, 11.10% Sb, 7.00% Zn, 72.90g/t Ag, and 5.50% Pb in
arsenopyrite-stibnite veins within altered mo nzogranite. (See Metals Creek assessment report at
https://gis.geosurv.gov.nl.ca/geofilePDFS/Batch2016/002D_0779.pdf)
On behalf of the Board,
Gordana Slepcev
CEO & President and Director, Lomiko Metals Inc.
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For more information on Lomiko Metals, review the website at www.lomiko.com.
Contact us at 1-833-4-LOMIKO or e-mail: [email protected].
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward -looking information" within the meaning of the applicable
Canadian securities legislation that is based on expectations, estimates, projections and
interpretations as at the date of this news release. The information in this news release about the
Company; and any other information herein that is not a historical fact may be "forward- looking
information" (“FLI”). All statements, other than statements of historical fact, are FLI and can be
identified by the use of statements that include words such as "anticipates", "plans", "continues",
"estimates", "expects", "may", "will", "projects", "predicts", “proposes”, "potential", "target",
"implement", “scheduled”, "intends", "could", "might", "should", "believe" and similar word s or
expressions. FLI in this new release includes, but is not limited to: the total gross proceeds of the
offering, the use of proceeds of the offering, the timing and successful completion of the offering;
the Company’s ability to successfully fund, or remain fully funded for the implementation of its
business strategy and for exploration of any of its projects (including from the capital markets);,
and the expected timing of announcements in this regard. FLI involves known and unknown risks,
assumptions and other factors that may cause actual results or performance to differ materially.
The FLI in this news release reflects the Company’s current views about future events, and while
considered reasonable by the Company at this time, are inherently subject to significant
uncertainties and contingencies. Accordingly, there can be no certaint y that they will accurately
reflect actual results. Assumptions upon which such FLI is based include, without limitation: the
Company’s, ability to implement its overall business strategy and to fund, explore, advance and
develop each of its projects, incl uding results therefrom and timing thereof, the impact of
increasing competition in the mineral exploration business, including the Company’s competitive
position in the industry, and general economic conditions, including in relation to currency controls
and interest rate fluctuations.
The FLI contained in this news release are expressly qualified in their entirety by this cautionary
statement, the “Forward -Looking Statements” section contained in the Company’s most recent
management’s discussion and analysis (MD&A), which is available on SEDAR+ at
www.sedarplus.ca. All FLI in this news release are made as of the date of this news release. There
can be no assurance that such statements will prove to be accurate, as actual results and future
events could differ materially from those antic ipated in such statements. Accordingly, readers
should not place undue reliance on such forward- looking information. The Company does not
undertake to update or revise any forward- looking information contained herein to reflect new
events or circumstances, except as may be required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
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