Lomiko Metals Files Positive PFS for La Loutre Graphite Project

Lomiko Metals Inc. announced it has filed a NI 43-101‑compliant Preliminary Feasibility Study (PFS) for its 100%‑owned La Loutre natural flake graphite project in southeastern Quebec on SEDAR+. The company said the independent study, led by DRA Global, returned positive economic results supporting the project’s development potential.

Key PFS economics include a pre-tax net present value (NPV at 8%) of CAD$797.5 million and an after-tax NPV of CAD$617.4 million, with pre-tax and after-tax internal rates of return (IRR) of 30.3% and 24.7% respectively. The study reports initial capital expenditures (CAPEX) of CAD$504.6 million, a 28‑year life‑of‑mine, total concentrate production of 2,149 kt and an assumed long‑term average graphite price of US$1,524/t. Metallurgical recoveries and concentrate grades used in the model were supported by SGS testing and flowsheet work.

Economically, the PFS projects significant gross revenues over the life of mine and highlights regional employment and contracting opportunities. The company has previously secured public funding and support — including programs tied to the U.S. Department of Defense (DoD) and Natural Resources Canada (NRCan) — which have helped advance pre‑feasibility engineering and anode piloting work that feed into the PFS process.

Technical appendices and sensitivity analyses in the PFS show the project’s value is sensitive to the graphite price, CAPEX and operating costs; downside scenarios materially reduce NPV and IRR while upside cases improve returns. The report lists DRA Global, Norda Stelo, Knight Piésold and Metpro among the consultants responsible for engineering, resource modelling, and metallurgical interpretation, indicating a multidisciplinary technical underpinning to the PFS.

Looking ahead, the path to a final investment decision will require securing project financing, completing permitting and environmental studies and progressing detailed engineering. Market participants will watch Lomiko’s funding plans and partnership announcements closely as the company seeks to translate the PFS economics into a financed development program. Lomiko trades on TSX‑V: LMR, OTC: LMRMF and FSE: DH8C.