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The latest update is out from Lomiko Metals ( (TSE:LMR) ).
Lomiko Metals Inc. has announced the closing of an oversubscribed second tranche of hard dollar financing, raising $195,000 to support the La Loutre graphite project’s pre-feasibility study and related activities. This financing will aid in advancing the project’s engineering phase, environmental studies, and stakeholder consultations, enhancing Lomiko’s positioning in the graphite industry.
Spark’s Take on TSE:LMR Stock
According to Spark, TipRanks’ AI Analyst, TSE:LMR is a Neutral.
Lomiko Metals’ stock score reflects significant financial instability due to lack of revenue and operational losses. Despite promising corporate developments, bearish technical indicators and negative valuation metrics weigh heavily on the stock’s prospects.
To see Spark’s full report on TSE:LMR stock, click here.
More about Lomiko Metals
Lomiko Metals Inc. is involved in the development of mineral interests, specifically focusing on the La Loutre graphite project in southern Quebec. The project is located within the Kitigan Zibi Anishinabeg First Nation’s territory and consists of 76 mineral claims over 4,528 hectares. The site is known for its coarse-grained, flake-type graphite mineralization, with a significant increase in indicated mineral resources due to recent drilling campaigns.
Average Trading Volume: 116,919
Technical Sentiment Signal: Sell
Current Market Cap: C$6.88M
Find detailed analytics on LMR stock on TipRanks’ Stock Analysis page.