Lomiko Metals Inc. Announces Funding Rounds for Graphite Development Project

Lomiko Metals Inc., a Canadian company, has announced two funding rounds for its La Loutre graphite development project in southern Quebec. The first funding round consists of a flowthrough unit offering, where the Company will issue 1,463,415 flowthrough units at a price of $0.41 per unit for a total of $600,000. These funds will be used to further advance the graphite project and qualify for tax benefits under the Income Tax Act. Additionally, a private placement round will involve the issuance of 1,242,172 units at $0.35 per unit for gross proceeds of $434,760, aimed at supporting exploration activities and project development.

The flowthrough unit offering was led by [Need to update], while [Need to update] were among the investors in this round. For the private placement, [Need to update] took the lead in the funding round, with [Need to update] participating as investors. The Company anticipates utilizing the funds to continue exploration and development activities at the La Loutre project site, leveraging the new capital to enhance mineral resource estimates and drive project growth.

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