Lomiko represents a company with purpose: a people-first company where we can manifest a world of abundant renewable energy with Canadian and Quebec critical minerals for a solution in North America. Our goal is to create a new energy future in Canada where we will grow the critical minerals workforce, become a valued partner and neighbour with the communities in which we operate, and provide a secure and responsibly sourced supply of critical minerals.
The Company holds mineral rights in its La Loutre graphite development in southern Quebec. The La Loutre project site is located within the Kitigan Zibi Anishinabeg (KZA) First Nation’s territory. The KZA First Nation is part of the Algonquin Nation and the KZA traditional territory is situated within the Outaouais and Laurentides regions. Located 180 kilometers northwest of Montreal, the property consists of one large, continuous block with 76 minerals claims totaling 4,528 hectares. Lomiko Metals published a Preliminary Economic Assessment (“PEA”) on September 10, 2021 which clearly demonstrated its potential for Lomiko to become a major North American graphite producer. The PEA supports an open pit project with the annual production of 100,000t of graphite spanning 15 years with robust economics at a US$916/tonne Cg sale price, with very attractive cash costs and all-in sustaining costs (“AISC”). The La Loutre Project PEA indicates the property has the geological potential to extend the mine life beyond the initial 15 years presented in the PEA as well as the opportunity to expand the scale of production by increasing the mineral resource through ongoing exploration and drilling. The Company’s goal is for La Loutre to be a cornerstone mine for its future growth in Quebec. The Company has completed 13,103meters infill drill program resulting in the updated to NI-43-101 Technical Report and Mineral Resource update and has completed pre-feasibility level metallurgical studies optimizing the flow sheet. The company continues with collecting baseline and water quality data.
The Company has staked approximately 14,255 hectares of mineral claims, 236 claims in total, on six projects in the Laurentian region of Quebec and within First Nations territory. These new claims lie within a 100 km radius of the Company’s flagship La Loutre graphite project and 28 claims are directly contiguous to La Loutre, with the Company claim package now covering 4,528 hectares. The highest graphite grades are commonly associated with rock contacts between marble and paragneiss or quartzite which is the host rock present in the Grenville Province and at La Loutre. Large, disseminated flake graphite mineralization occurs at a number of places in the Grenville Province metamorphic belt, located in Canada’s Quebec and southeastern Ontario jurisdictions, and the conglomeration of this mineralization in close proximity in the region presents opportunities in the future for responsible and low impact mining or quarry activities that are unique to this region.
The land and projects where we operate are located within the traditional land of the Algonquin Anishnaabeg and Cree Eeyou Istchee Peoples.
Our vision is to embrace Indigenous people and Indigenous values within our projects in order to develop a sustainable approach on our path to critical minerals development, while honouring the lives, memories, and hopes of all seven generations close.
The La Loutre graphite project site is located within the Kitigan Zibi Anishinabeg (KZA) First Nation’s territory. The KZA First Nation is part of the Algonquin Nation and the KZA traditional territory is situated within the Outaouais and Laurentides regions.
The Bourier lithium project site is located south-east of the Eeyou Istchee James Bay territory in Quebec, near Nemaska Lithium and Critical Elements.
