Lomiko Metals Secures Funding to Advance Key Canadian Critical Minerals

MONTREAL, QC – December 30, 2025 – Lomiko Metals Inc. has successfully secured $300,000 in a strategic financing round, injecting fresh capital into its efforts to develop a domestic supply chain for minerals essential to the green economy and national security. The funds, raised through a non-brokered private placement of flow-through shares, are earmarked for critical next steps at the company's flagship La Loutre graphite project in Quebec and its promising Yellow Fox antimony-gold prospect in Newfoundland.

In a statement, CEO and President Gordana Slepcev confirmed the capital would directly support key development milestones. “The proceeds from this flow-through financing will be used for strategic initiatives, such as the bulk sample and anode piloting at the La Loutre project, regional graphite exploration in Quebec, and exploring the Company’s Yellow Fox property antimony-gold prospect in Newfoundland,” Slepcev stated.

The financing saw the issuance of 2,500,000 flow-through common shares at a price of $0.12 per share. This type of financing is a uniquely Canadian mechanism that allows companies to renounce exploration expenses to investors, who can then deduct these expenses from their own taxable income. It is often seen as a vote of confidence from investors, who benefit from tax incentives like the 30% federal Critical Mineral Exploration Tax Credit, while providing junior miners with crucial, lower-cost capital for on-the-ground exploration and development.

Fuelling the North American Battery Boom

The largest portion of the new funding is set to accelerate the La Loutre graphite project, located 180 kilometers northwest of Montreal. This project is positioned to become a significant North American source of graphite, the single largest component by weight in electric vehicle (EV) batteries. With global demand for battery-grade graphite projected to surge over 600% in the next decade, and with China currently controlling over 95% of the battery-grade market, developing a secure domestic supply is a major priority for both Canada and the United States.

Lomiko has already made significant strides at La Loutre. A May 2023 technical report outlined a substantial resource, estimating 64.7 million tonnes of Indicated Mineral Resources averaging 4.59% graphitic carbon (Cg). This new capital will help the company build on that foundation by funding a bulk sample and anode piloting program. The company has completed fieldwork for a 200-tonne bulk sample, which will be processed at the Corem Research Center in Quebec City. This pilot program is a critical step in proving that La Loutre’s graphite can be upgraded to the high-purity, specialized material required for EV battery anodes.

This work is further supported by significant non-dilutive funding from government partners, including US$8.35 million from the U.S. Department of Defense and CA$4.9 million from Natural Resources Canada, aimed at advancing the project through pre-feasibility studies. The company has also reported exceptional results from initial half-cell coin battery tests, validating the material's potential and paving the way for more advanced pouch cell testing.

Unlocking a Strategic Antimony-Gold Prospect

Beyond graphite, the financing will also advance exploration at the early-stage Yellow Fox property in Newfoundland. This prospect is gaining attention for its potential to host not only gold but also antimony, a critical mineral with growing strategic importance. Antimony is used in semiconductors and flame retardants, and its market has been recently shaken by geopolitical tensions, including export controls from China, which have highlighted the vulnerability of Western supply chains.

The Yellow Fox property lies on the same geological trend as the past-producing Beaver Brook antimony mine, once the largest antimony producer in North America. Historical work at Yellow Fox has returned impressive high-grade grab samples, including up to 59.43 g/t gold and 11.10% antimony. More recent soil sampling has identified new, high-priority anomalies, giving the company clear targets for the next phase of work, which is expected to include ground geophysics and trenching. The investment in Yellow Fox represents a strategic diversification for Lomiko, targeting another mineral deemed critical for modern industry and defense.

A Commitment to Sustainable Development

As Lomiko advances its projects, it emphasizes a commitment to sustainable practices and community engagement. The La Loutre project is situated within the traditional territory of the Kitigan Zibi Anishinabeg (KZA) First Nation, and the company has publicly stated its commitment to fostering a harmonious relationship and maintaining an open dialogue. This includes actively addressing community concerns and adapting its plans in response to feedback.

For example, the company is investigating alternative locations for its proposed waste rock pile and is considering backfilling open pits in future studies based on community input. It has also committed to building a separate private road to minimize traffic through local communities and to avoid work during the peak summer tourist season. This approach aligns with the company's stated vision to embrace Indigenous values and its commitment to Call to Action #92 of the Truth and Reconciliation Commission of Canada.

By allocating its newly raised capital across these distinct but equally vital projects, Lomiko Metals is executing a multi-pronged strategy. The company is simultaneously pushing its advanced-stage graphite asset toward production to meet soaring battery demand while systematically exploring early-stage prospects for other critical minerals, positioning itself as a key player in building Canada's secure and sustainable resource future.