Lomiko Metals Announces Private Placement Offering of Flow-Through and Non-Flow-Through Units

Lomiko Metals Inc. (TSXV:LMR,OTCQX:LMRMF,FSE:DH8B), which is focused on the exploration and development of minerals for the new green economy, such a lithium and graphite, announced a private placement.
As quoted in the press release:

The company is offering 10 million flow-through units at $0.05 per unit, with each unit consisting of one flow-through share and one warrant, with the warrant exercisable at $0.075 for 36 months.

The company is building a portfolio of graphite properties and has filed a Resource Estimate for its La Loutre Flake Graphite Property in Quebec. In April, Lomiko announced an option to acquire up to a 70% interest in Critical Elements’ Bourier project, also located in Quebec, which hosts lithium deposits and known lithium mineralization.

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