This collaboration and materials processing with Corem – a leading hub for innovation and expertise in mineral processing – will start in January 2026. The pilot program aims to validate the proposed graphite upgrade process and convert La Loutre’s natural flake graphite into battery-grade anode material. The process includes flotation, micronization, spheroidization, purification and coating, leveraging Corem’s leadership in environmentally responsible and high-quality mineral processing solutions.
This milestone marks an important step toward advancing La Loutre as a key source of battery-quality graphite for the clean energy transition.
This work and the metallurgical tests are an essential aspect of the ongoing research and development to scale up and validate the anode material production process. The company will continue to provide transparent and complete information on our website and will adhere to ECOLOGO for all field work.
Gordana Slepcev, CEO, President and Director, said: “This initiative is critical for Lomiko as it translates previous laboratory-scale findings into pilot-scale validation. The goal is to demonstrate performance at larger scales and ensure our graphite materials meet specifications for lithium-ion battery anode applications. The project is supported by a contribution agreement aimed at strengthening Canadian expertise and advancing processing technologies for natural graphite, including purification and spheronization for high-quality anode material. We are pleased to collaborate with Corem on this research effort, designated as one of Canada’s six priority critical minerals, is essential for energy storage systems and long-term energy security.
Francis Fournier, president and CEO of Corem, said: “Corem is pleased to be working with Lomiko on this important project for the region and for Quebec. By bringing its expertise in applied research, Corem is supporting the development of Quebec’s deposits and the advancement of critical and strategic minerals. Our teams are conducting pilot tests to optimize graphite processing methods, using responsible and sustainable approaches. This work for Lomiko is directly aligned with our mission: supporting the mineral industry through technological innovation.”
Lomiko reinforces our commitment to local expertise and cost efficiency. For the bulk sampling and pre-feasibility studies, Lomiko has retained the majority of its established consulting and contracting team in Southern Quebec, ensuring continuity and leveraging proven regional experience. This strategic approach supports project timelines, mitigates risk and aligns with Lomiko’s purpose of delivering shareholder value through strong partnerships and operational excellence. See press releases dated April 24, 2025, May 21, 2025 and June 30, 2025 for details.
Lomiko will continue to engage with community members and remain open to answering questions through regular virtual meetings, the company’s Facebook page and direct emails. The information sessions are published on the company’s Facebook page and website.
Qualified person
The technical content presented in this press release has been reviewed and approved by Gordana Slepcev, P.Eng., who is the CEO and President of Lomiko Metals and is acting as the “Qualified Person” as that term is defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects.
Settlement of debt for shares
The company announces that it will file with the TSX Venture Exchange to settle a portion of its outstanding debt valued at CDN$90,000 by issuing 818,181 common shares at an estimated value of $0.10. The creditors are insiders of the Company. The closing of the debt application shares and the issuance of the shares is subject to the approval of the TSX Venture Exchange. All common shares to be issued will be issued with the required holding period of four months plus one day from issuance.
About Lomiko Metals Inc.
The company has mineral interests in the graphite development at La Loutre in southern Quebec. The La Loutre project site is located on the territory of Kitigan Zibi Anishinabeg (KZA) First Nation. The KZA First Nation is part of the Algonquin Nation, and the KZA traditional territory is in the Outaoais and Laurentides regions. The property is located 180 kilometers northwest of Montreal and consists of one large, contiguous block with 76 mineral claims totaling 4,528 hectares (45.3 km2).
The site is surrounded by rocks from the Grenville Province of the Precambrian Canadian Shield. The Grenville formed under conditions highly favorable for the development of coarse-grained, flake-shaped graphite mineralization from organic-rich material during high-temperature metamorphism.
Lomiko Metals has 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 11, 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 in 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 meters of infill drilling in 79 holes completed in 2022, combined with the refinement of the depositional and structural models, have contributed to the addition of the most inferred mineral resources to the Indicated Mineral Resources category, compared to the 2021 mineral resource estimate. The MRE assumes a graphite price of US$1,098.07 per tonne and a cut-off value of 1.50% Cg (graphitic carbon). The independent and qualified persons for the estimation of the mineral resources, as defined by NI 43 101, are Marina Iund, P.Geo. (InnovExplo Inc.), Martin Perron, P.Eng. (InnovExplo Inc.)., Simon Boudreau, P.Eng. (InnovExplo Inc.). and Pierre Roy, P.Eng. (Soutex Inc.). The effective date of the estimate is May 11, 2023.
The company also has interests in seven early-stage projects in southern Quebec, including Ruisseau, Tremblant, Meloche, Boyd, Dieppe, North Low and Carmin, covering a total of 328 claims on 7 early-stage projects covering 18,622 hectares in the Laurentian region of Quebec and within the KZA territory.
The phase graphite portfolio consists of a total of 328 claims on seven early-stage projects covering 18,622 hectares in southern Quebec. The figures below for Laurentides’ graphite portfolio were published in the press on January 7 e 2025. ( https://lomiko.com/news/lomiko-metals-encounters-up-to-27-9-graphite-at-its-laurentides-early-stage-projects-including-the-discovery-of-four-new-zones-at-the-ruisseau-project-spanning-over-3-kilometer-long/ )
- Ruisseau grades up to 27.9 percent carbon graphite (“%Cg”) from four distinct high-grade mineralized zones spanning more than 3 km;
- Meloche – extracts up to 13.3% Cg from two different mineralized clusters;
- Tremblant – values up to 11.6% Cg due to numerous, widespread stain abnormalities; And
- Dieppe – scores up to 6.82% Cg due to numerous, widespread stain anomalies and a distinct mineralized cluster.
- The grades of Boyd–8 samples range from 5.61% Cg to 17.10% Cg, with all samples above 5.00% Cg. The technical content related to the exploration results presented was reviewed by Mark Fekete, P.Geo. who acts as an independent advisor to the Company and is the Qualified Person.
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 is located within NTS map sheets 02D/14 and 15 and has excellent access along several logging and skidder roads from Glenwood. The main Yellow Fox show is located in the central part of license 027536M, 5 km from the western end of Gander Lake.
This property follows the same trend as the past-producing Beaver Brook antimony mine, which is located 16 miles southwest of the property. Yellow Fox represents an early stage of research into antimony, gold and silver, with historical works returning samples anomalous in gold (Au), antimony (Sb), lead (Pb), zinc (Zn) and silver (Ag). Trenching exposed the rocks, resulting in grab samples of 59.43 g/t Au, 11.10% Sb, 7.00% Zn, 72.90 g/t Ag, and 5.50% Pb in arsenopyrite-stibnite veins in altered monzogranite. (See Metals Creek’s assessment report at https://gis.geosurv.gov.nl.ca/geofilePDFS/Batch2016/002D_0779.pdf )
Lomiko QP relied on the information from Metals Creek. Metals Creek QP is Wayne Reid P.Geo. is registered in Newfoundland.
On behalf of the board,
Gordana Slepcev
CEO & Directors and Director, Lomico Meals.
For more information about Lomiko Metals, please visit the website www.lomiko.com.
View the source version on businesswire.com: https://www.businesswire.com/news/home/20251210556289/en/
Contact us at 1-833-4-LOMIKO or email: info@lomiko.com.
Corem spokesperson you can contact for more information:
Charlie Allaire
Communications and marketing advisor
charlie.allaire@corem.qc.ca
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