Lomiko Metals Files Positive PFS for La Loutre Graphite Project
Event summary
- Lomiko Metals filed a positive Preliminary Feasibility Study (PFS) for its La Loutre Graphite Project on SEDAR+ on May 8, 2026.
- The PFS reports a pre-tax NPV of CA$797.5M and an IRR of 30.3% at a graphite price of US$1,524/t.
- The project has probable mineral reserves of 46.8 Mt at an average grade of 4.79% Cg.
- Initial capital costs are estimated at CA$504.6M with a mine life of 28 years.
The big picture
Lomiko Metals' positive PFS for the La Loutre Graphite Project underscores the growing importance of graphite in the energy transition, particularly for battery production. The project's substantial NPV and long mine life position it as a potential economic driver in southern Quebec, though it must navigate regulatory and market uncertainties. The involvement of multiple engineering consultants and government support highlights the strategic significance of the project.
What we're watching
- Project Viability
- Whether the project can sustain its economic metrics through advanced feasibility studies and environmental impact assessments.
- Regulatory Approvals
- The pace at which Lomiko can secure necessary permits and approvals from Quebec, Federal, and U.S. governments.
- Market Dynamics
- How fluctuations in graphite prices and foreign exchange rates will impact the project's financial projections.
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