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Lomiko Broadcasts Sure Effects on its Preliminary Metallurgical Take a look at Systems at its L. a. Loutre Graphite Mission

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Effects Point out Purity of >99.9% C(t) of its Listen and Sure Reaction of Samples to Expanded Graphite for All Flake Sizes Examined

MONTREAL — Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the “Corporate”) is happy to announce an replace at the preliminary metallurgical methods performed for the L. a. Loutre graphite mission. Lomiko has engaged 3 impartial laboratories, Corem, ProGraphite and SGS Lakefield to fortify the value-added metallurgical checking out of samples of the L. a. Loutre graphite pay attention.

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As a part of the 2022 strategic targets as in the past introduced on March 3, 2022, Lomiko is endeavor a number of metallurgical research to additional outline the chemical and bodily houses of L. a. Loutre graphite pay attention. Those research have a number of objectives, together with (a) figuring out the upgrading possible of the graphite flotation pay attention for value-added processing, (b) confirming the plant flowsheet to assist within the plant design for the Pre-Feasibility Learn about the Corporate will likely be shopping to finish in 2023, and (c) comparing the manufacturing of round graphite for anode battery packages. This characterization paintings facilitates the improvement of Technical Information Sheets (TDS) to start up buyer partnership discussions.

The 2021 metallurgical program produced 1.8 kg of graphite flotation pay attention (please see information free up dated April 7, 2021 and referred to inside the Corporate’s Initial Financial Research (“PEA”) which is to be had at the Corporate’s web site or on SEDAR). This pay attention used to be break up into two samples and despatched to every of Corem in Quebec and ProGraphite in Germany for characterization and purification checking out.

In response to the characterization and purification checks carried out by way of the 2 labs, the graphite from the L. a. Loutre deposit can be appropriate for quite a lot of conventional markets equivalent to refractories, fireplace retardants, crucible, and friction merchandise, or expanded graphite markets. Additional, the purification effects counsel that the L. a. Loutre graphite is also appropriate for high-value anode battery packages which require extremely excessive purity graphite pay attention of 99.95%. It is very important be aware that those effects are initial, and that additional checking out will likely be required to substantiate with higher walk in the park product suitability and possible. The analysis of the overall processing series from flake graphite to battery trials is scheduled for the second one part of 2022.

Belinda Labatte, CEO and Director, mentioned: “Our staff is happy to have gained very good effects from two impartial specialised laboratories, at the first of many trials to inspect the purity of the L. a. Loutre graphite concentrates for commercial use, together with for anode battery-grade high quality. The checks at the expanded graphite have proven that all of the flake sizes examined are appearing very good effects for our concentrates in quite a lot of commercial packages, crucial step to creating the graphite marketplace in North The usa. The findings from this preliminary program will higher outline the parameters for the metallurgical optimization program that may begin within the spring of 2022 to fortify the mission building. We’re shopping ahead to operating with Quebec establishments, native communities, and First Countries to additional increase our L. a. Loutre graphite mission as we transfer ahead with long term research of this mission. As discussed in our press free up dated April 22, 2022, we’re shopping ahead to starting our L. a. Loutre infill and step-out drilling program which is able to get started once the bottom stipulations permit in mid-Might. We’re operating towards turning into an integral and essential a part of the provision chain, together with the introduction of new-economy activity potentialities within the building of our mission for use in battery manufacturing for Quebec, Canadian, and North American answers.”

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Corem upgrading procedure finds excessive purity pay attention and occasional stage of impurities

Corem subjected the 2021 flotation pay attention to preliminary chemical purification trials to evaluate the amenability of the L. a. Loutre graphite pay attention to chemical upgrading. The usage of a chemical purification approach, the graphite pay attention used to be effectively upgraded from 98.4% C(t) to >99.9% C(t). The upgrading procedure hired a caustic bake the usage of sodium hydroxide (NaOH) adopted by way of an acid leach with hydrochloric acid (HCl), which is regarded as probably the most same old chemical remedy processes for graphite concentrates in position as of late and employs a milder reagent regime in comparison to the hydrofluoric acid (HF) remedy utilized in many Chinese language operations recently.

The general product used to be subjected to a measurement fraction – repeatedly known as flake measurement – research and every product used to be submitted for an ICP (Inductively coupled plasma) scan. The result of an ICP scan expose the entire carbon research, ash content material, and sulfur grade of the flotation pay attention feedstock, the intermediate product after caustic bake, and the general product after the leaching step. The focus of maximum parts met the necessities for battery anode grade subject matter and handiest iron and silica displayed reasonably increased ranges. It will have to be famous that the purification trials have been initial in nature and that the preliminary focus goal of 99.5% used to be exceeded for every measurement fraction.

ProGraphite pay attention finds beneficial effects and very good crystallographic houses

The second one pattern despatched to ProGraphite used to be labeled into quite a lot of fractions (+50, +80, +100, +150, +200, -200, -100 mesh). Graphite from those fractions used to be used to accomplish a number of chemical and bodily characterization checks and purification trials. The consequences have been most often beneficial and bodily and chemical houses are defined under, and detailed effects are supplied at the Lomiko web site at www.lomiko.com:

  • Smartly-balanced measurement distribution (50% >100 mesh, 50% -100 mesh). The -100-mesh measurement fraction is the everyday feed subject matter for anode subject matter for lithium-ion batteries. That is in line with the consequences supplied within the Initial Financial Review (PEA) research, additionally to be had on SEDAR and at the Corporate’s web site at www.lomiko.com and revealed on September 10, 2021.
  • Stage of graphitization of over 98%, which could be very with reference to the perfect graphite and a key requirement for high-end battery packages.
  • Prime faucet densities of >0.7 kg/l for massive fractions however under moderate faucet density of 0.47 kg/l for -200 mesh measurement fraction. Optimization methods were recognized to toughen faucet densities of fines.
  • The consequences for {the electrical} conductivity are inside the commonplace vary for his or her respective fractions. The electrical conductivity determines the amenability of graphite for power garage packages.
  • Achieves low ranges of volatiles throughout all measurement fractions (0.13-0.38%) appearing its suitability for high-temperature packages equivalent to refractories.
  • Achieves low springback in all measurement fractions (1.6 – 3.1%), which is significant for all packages the place drive paperwork, equivalent to with friction merchandise or refractories.
  • The oxidation resistance of the bigger flakes used to be very good (<10% for +80 mesh), whilst the smaller flakes produced moderate oxidation behaviour in comparison to different graphite resources (as much as 40% for -200 mesh). Oxidation resistance is crucial issue for high-temperature packages.
  • Low explicit floor space (BET) for all measurement fractions. Reaching a low BET cost is crucial issue for battery anode subject matter utility.
  • Enlargement checks recognized growth charges of 350 ml/g for the +80 mesh measurement fraction and 390 ml/g for the +50 mesh measurement fraction, which have been higher than same old values.

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Those traits fortify the large use of the L. a. Loutre graphite in each expanded markets and the possibility of additional purification into battery anode subject matter.

ProGraphite evaluated alkaline and acid purification strategies, the 2 maximum commonplace strategies in use as of late. The rigors the usage of sodium hydroxide (NaOH) remedy adopted by way of sulphuric acid (H2SO4) leach produced awesome purities with ash contents of handiest 0.04% and zero.11% within the+80 mesh and -100 mesh measurement fractions, respectively. Concentrations of deleterious parts have been under conventional threshold values for battery anode subject matter.

The initial purification checks carried out by way of ProGraphite supplement the consequences bought by way of Corem and point out that the L. a. Loutre graphite will also be upgraded to battery anode purity ranges with out competitive leach the usage of hydrofluoric acid (HF). Additional paintings is deliberate to optimize purification stipulations and whole the overall battery anode value-add procedure, together with battery trials.

Replace on Metallurgical Procedure Optimization at SGS Lakefield

Roughly 1,000kg of core pattern from the L. a. Loutre graphite mission used to be sparsely decided on to constitute mine plan, area and grade composites and shipped to SGS in Lakefield, Ontario to substantiate and optimize the take a look at effects accomplished within the 2021 metallurgical checking out program. This may additional outline the method flowsheet to assist within the plant design, which will likely be advanced all through the Pre-Feasibility Learn about.

Subsequent steps in L. a. Loutre metallurgical research

Corem and ProGraphite have recognized alternatives for optimization, and those will likely be evaluated within the upcoming months. Effects from the SGS lab checking out are anticipated to be to be had within the Fall and the Corporate will proceed to transport ahead with and replace the marketplace on additional checking out for battery grade subject matter in 2022.

About Lomiko Metals Inc.

Lomiko Metals has a brand new imaginative and prescient and a brand new technique in new power. Lomiko represents an organization with function: a people-first corporate the place we will manifest a global of ample renewable power with Canadian and Quebec vital minerals for an answer in North The usa. Our function is to create a brand new power long term in Canada the place we can develop the vital minerals team of workers, develop into a valued spouse and neighbour with the communities by which we function, and supply a safe and responsibly sourced provide of vital minerals.

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The Corporate holds a 100% passion in its L. a. Loutre graphite building in southern Quebec. The L. a. Loutre mission web site is situated inside the Kitigan Zibi Anishinabeg (KZA) First Countries territory. The KZA First Countries are a part of the Algonquin Country and the KZA territory is positioned inside the Outaouais and Laurentides areas.​ Positioned 180 kilometres northwest of Montreal, the valuables is composed of 1 massive, steady block with 48 minerals claims totaling 2,867 hectares (28.7km2). Lomiko Metals revealed a PEA on September 10, 2021 which indicated the mission had a fifteen yr mine lifestyles generating according to yr 100,000 tonnes of graphite pay attention at 95% Cg or a complete of one.5Mt of graphite pay attention. This record used to be ready as Nationwide Tool 43-101 Technical File for Lomiko . by way of Ausenco Engineering Canada Inc., Hemmera Envirochem Inc., Moose Mountain Technical Products and services, and Metpro Control Inc., jointly the File Authors.

The Bourier mission web site is situated close to Nemaska Lithium and Crucial Components south-east of the Eeyou Istchee James Bay territory in Quebec which is composed of 203 claims, for a complete floor place of 10,252.20 hectares (102.52 km2), in Canada’s lithium triangle close to the James Bay area of Quebec that has traditionally housed lithium deposits and mineralization traits.

Mr. Mike Petrina, Mission Supervisor, a Certified Individual (“QP”) below Nationwide Tool 43-101 – Requirements of Disclosure for Mineral Initiatives, has reviewed and licensed the technical disclosure on this information free up. Oliver Peters of MetPro Control Inc. who’s main the metallurgical building methods of the L. a. Loutre graphite mission on Lomiko’s behalf is appearing as QP and has additionally reviewed and licensed the technical disclosure on this information free up.

For more info on Lomiko Metals, overview the web site at www.lomiko.com, touch Belinda Labatte at 647-402-8379 or electronic mail: information@lomiko.com.

Cautionary Observe Referring to Ahead-Having a look Knowledge

This information free up incorporates “forward-looking data” inside the that means of the appropriate Canadian securities law this is in accordance with expectancies, estimates, projections and interpretations as on the date of this information free up. The ideas on this information free up in regards to the Corporate; and some other data herein that isn’t a ancient truth is also “forward-looking data” (“FLI”). All statements, rather then statements of ancient truth, are FLI and will also be recognized by way of statements that come with phrases equivalent to “anticipates”, “plans”, “continues”, “estimates”, “expects”, “would possibly”, “will”, “tasks”, “predicts”, “proposes”, “possible”, “goal”, “put in force”, “scheduled”, “intends”, “may just”, “may”, “will have to”, “imagine” and an identical phrases or expressions. FLI on this new free up contains, however isn’t restricted to: the suitability of the Corporate’s graphite flotation pay attention from its L. a. Loutre mission, timing for the finishing touch of the Pre-Feasibility Learn about, the Corporate’s function to develop into a accountable provider of vital minerals, exploration of the Corporate’s tasks, together with anticipated prices of exploration and timing to reach positive milestones, together with timing for finishing touch of exploration methods; the Corporate’s skill to effectively fund, or stay totally funded for the implementation of its trade technique and for exploration of any of its tasks (together with from the capital markets); any expected affects of COVID-19 at the Corporate’s trade targets or tasks, the Corporate’s monetary place or operations, and the anticipated timing of bulletins on this regard. FLI comes to identified and unknown dangers, assumptions and different elements that can motive exact effects or efficiency to vary materially. This FLI displays the Corporate’s present perspectives about long term occasions, and whilst thought to be affordable by way of the Corporate presently, are inherently topic to important uncertainties and contingencies. Accordingly, there will also be no walk in the park that they are going to correctly mirror exact effects. Assumptions upon which such FLI is primarily based come with, with out limitation: the result of the characterization and purification checks carried out by way of Corem and ProGraphite, present marketplace for vital minerals; present technological traits; the trade dating between the Corporate and its trade companions; skill to put in force its trade technique and to fund, discover, advance and increase every of its tasks, together with effects therefrom and timing thereof; the facility to function in a protected and efficient way; uncertainties associated with receiving and keeping up exploration, environmental and different lets in or approvals in Quebec; any unexpected affects of COVID-19; affect of accelerating pageant within the mineral exploration trade, together with the Corporate’s aggressive place within the business; normal financial stipulations, together with with regards to foreign money controls and rate of interest fluctuations.

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The FLI contained on this information free up are expressly certified of their entirety by way of this cautionary observation, the “Ahead-Having a look Statements” segment contained within the Corporate’s most up-to-date control’s dialogue and research (MD&A), which is to be had on SEDAR at www.sedar.com, and at the investor presentation on its web site. All FLI on this information free up are made as of the date of this information free up. There will also be no assurance that such statements will end up to be correct, as exact effects and long term occasions may just vary materially from the ones expected in such statements. Accordingly, readers will have to now not position undue reliance on forward-looking data. The Corporate does now not adopt to replace or revise this type of forward-looking statements or forward-looking data contained herein to mirror new occasions or instances, with the exception of as is also required by way of appropriate securities regulations.

Neither the TSX Mission Alternate nor its Legislation Products and services Supplier (as that time period is outlined within the insurance policies of the TSX Mission Alternate) accepts duty for the adequacy or accuracy of this information free up. No inventory change, securities fee or different regulatory authority has licensed or disapproved the guidelines contained herein.

On behalf of the Board,
Belinda Labatte
CEO and Director, Lomiko Metals Inc.

View supply model on businesswire.com: https://www.businesswire.com/information/house/20220428006357/en/



For more info, please touch:

Kimberly Darlington
Communications, Lomiko Metals




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