La Loutre is ranked as the 7th graphite project in development in the world by Mining.com and Mining Intelligence.

On May 8th, 2026, Lomiko filed a Pre-Feasibility level NI 43-101 Technical Report and an updated Mineral Resource Estimate (MRE) for the La Loutre Project, prepared for Lomiko by DRA Americas Inc. (“DRA”) in accordance with NI 43-101, and the results of the PFS were previously reported in the Company’s news release dated March 24th, 2026, which is also an effective date of the Report.

The Report supporting the PFS for the La Loutre Graphite Project with a pre-tax NPV of CA$797.5 M with 30.3% IRR; after-tax NPV of CA$617.4 M with 24.7% IRR at US$1,524/t Cg can be consulted on the Company’s profile on SEDAR+ (www.sedarplus.ca).

The Project has probable mineral reserves prepared in accordance with NI 43-101 using a 1.50% Cg cut-off grade of 46.8 Mt at an average grade of 4.79% Cg for a contained in-situ graphite quantity of 2.24 Mt.

The independent technical report is available on SEDAR (www.sedar.com) and at the link below.