The latest announcement is out from Lomiko Metals ( (TSE:LMR) ).
Lomiko Metals Inc. has announced a non-brokered private placement to raise up to C$1,000,000, which will be used to advance the engineering phase of the pre-feasibility study for the La Loutre graphite project, explore the Yellow Fox property, and for general working capital. This move is expected to enhance the company’s operational capabilities and strengthen its position in the graphite industry, potentially benefiting stakeholders through increased resource exploration and development.
More about Lomiko Metals
Lomiko Metals Inc. is a company that holds mineral interests in the La Loutre graphite development located in southern Quebec, within the Kitigan Zibi Anishinabeg First Nation’s territory. The property consists of 76 mineral claims totaling 4,528 hectares and is known for its coarse-grained, flake-type graphite mineralization. The company has published an updated Mineral Resource Estimate, showing significant increases in both Indicated and Inferred Mineral Resources.
YTD Price Performance: 7.78%
Average Trading Volume: 6,254
Technical Sentiment Signal: Buy
Current Market Cap: $4.82M
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