Lomiko Metals Inc. reports developments tied to its Quebec critical-minerals portfolio, including technical study work for the La Loutre Graphite Project, exploration activity at the Bourier lithium property, and financing actions used to advance graphite and lithium projects.
Company news also covers governance matters, annual and special shareholder meetings, management changes, year-end financial releases, and corporate updates related to Lomiko's focus on critical minerals in Quebec.
Lomiko Metals (LMRMF) completed its arrangement with Global Battery Materials, which acquired all outstanding Lomiko shares for $0.13 per share. GBM acquired 80,040,395 shares, making Lomiko a wholly owned subsidiary. Aggregate consideration was C$10,405,251.35, excluding any post-closing dissent procedures.
GBM remitted the consideration to Olympia Trust Company for payment to former securityholders as soon as reasonably practicable. Registered shareholders and in-the-money warrantholders must submit signed, completed letters of transmittal and any required documents before payment. The shares will be delisted from the TSX Venture Exchange on or about the close of business on October 7, 2026. Lomiko has applied to cease being a reporting issuer in Alberta, British Columbia and Ontario following delisting.
Lomiko Metals (LMRMF) received a final court order approving its planned arrangement with Global Battery Materials.
The order was granted by the Supreme Court of British Columbia. The arrangement still requires stock exchange approval and remains subject to other closing conditions. Lomiko anticipates completion in October 2026 if the necessary approval is obtained and the other conditions are satisfied or waived. The arrangement terms are described in Lomiko’s management information circular dated August 26, 2026.
Lomiko Metals (LMRMF) securityholders approved Global Battery Materials' proposed all-cash acquisition of Lomiko's outstanding common shares on September 23, 2026.
The transaction would pay $0.13 per share under an arrangement agreement dated July 27, 2026. At the special meeting, 88.13% of votes cast by shareholders supported the arrangement resolution, as did 87.81% of votes cast by shareholders and warrant holders voting together. It also received 86.34% of votes cast by shareholders after excluding votes tied to shares held by specified persons under minority-securityholder rules.
The arrangement still requires final approval from the Supreme Court of British Columbia. Lomiko intends to seek a final order at a hearing expected during the week of September 28, 2026. Completion is expected shortly afterward if all other closing conditions are satisfied.
Lomiko Metals (OTC: LMRMF, TSX-V: LMR) has begun mailing its management information circular and related materials for a special meeting of shareholders and warrant holders on September 23, 2026. Securityholders will vote on a plan of arrangement under which Global Battery Materials (GBM) will acquire all outstanding Lomiko common shares for $0.13 in cash per share, pursuant to an arrangement agreement dated July 27, 2026.
Lomiko obtained an interim order from the Supreme Court of British Columbia authorizing the calling and conduct of the meeting. The arrangement must receive multiple supermajority approvals from shareholders and securityholders, excluding certain interested parties, as well as court and regulatory clearances. The board and a special committee of independent directors unanimously recommend voting FOR the transaction. If approved and completed, expected in Q4 2026, GBM would own 100% of the shares, which are then intended to be delisted from the TSX Venture Exchange, with Lomiko applying to cease to be a reporting issuer.
Lomiko Metals (TSX-V: LMR, OTC: LMRMF) reported additional shareholder support for its proposed arrangement with Global Battery Materials, under which GBM will acquire all Lomiko common shares for C$0.13 per share in cash via a court-approved plan of arrangement, subject to customary closing conditions.
After new voting and support agreements covering 3,747,444 shares (about 4.7% of outstanding), holders of approximately 22.9% of shares have agreed to vote in favour of the transaction. Lomiko also clarified terms of its 8.0% per annum Loan Facility, which allows monthly interest (other than at maturity or upon conversion) to be capitalized and added to principal, with any capitalized amount itself bearing interest.
The company received conditional TSX Venture Exchange approval for the Loan Facility and expects an initial drawdown on August 7, 2026. Lomiko further highlighted eligibility under Newfoundland and Labrador’s 2026 Junior Exploration Assistance program, through which it can obtain a rebate of up to 96,118 for eligible exploration work on its Yellow Fox critical minerals project.
Lomiko Metals (TSX-V: LMR, OTC: LMRMF) has entered into a definitive arrangement agreement under which Global Battery Materials will acquire all outstanding Lomiko shares for C$0.13 in cash per share via a court-approved plan of arrangement under the BCBCA.
The price represents a 71% premium to Lomiko’s 20-day VWAP on the TSXV to July 27, 2026 and implies an equity value of about C$11 million on a fully diluted basis. All in-the-money options and warrants, plus RSUs and DSUs, will be cashed out, generally based on C$0.13 per security. A special committee of independent directors obtained a fairness opinion and the board unanimously (with interested directors abstaining) recommends securityholders vote for the deal. Holders of about 18.19% of shares, including all directors and officers, have signed voting support agreements.
Closing is subject to securityholder, court, regulatory and other approvals and is targeted for Q4 2026. Concurrently, Lomiko obtained an up to C$800,000 senior secured bridge loan from Global Battery Materials (at 8% interest, up to 18-month maturity), potentially expandable to C$1.2 million in specified circumstances. After closing, Lomiko shares are expected to be delisted from the TSXV and the company will apply to cease to be a reporting issuer.
Lomiko Metals (OTC: LMRMF) filed a NI 43-101 technical report for the La Loutre Graphite Project (effective March 24, 2026) supporting a PFS with after-tax NPV (8%) CA$617.4M and after-tax IRR 24.7% at US$1,524/t Cg. Probable reserves: 46.8 Mt at 4.79% Cg; LOM 28 years; initial capex CA$504.6M.
The PFS projects 2,149 kt graphite concentrate (97% Cg), 93% recovery, 3.2-year after-tax payback, and uses CA$1.00 = US$0.70. The report recommends advancing to a Feasibility Study and Environmental Impact Study.
Lomiko Metals (OTC: LMRMF) reported a positive Preliminary Feasibility Study for the 100%‑owned La Loutre graphite project with a pre‑tax NPV (8%) of CAD$797.5M and after‑tax NPV (8%) of CAD$617.4M at a long‑term graphite price of US$1,524/t. Key metrics: IRR 24.7% after tax, initial CAPEX CAD$504.6M, 28‑year mine life, probable reserves of 46.8 Mt at 4.79% Cg yielding 2,149 kt concentrate and LOM revenue of CAD$4,686M.
Summary not available.
Lomiko Metals held its Annual General and Special Meeting on December 6, 2021, with 31.56% of shares represented. The newly elected Board includes Belinda Labatte as CEO, Gordana Slepcev as COO, and Vince Osbourne as CFO. Key resolutions included approving the appointment of Dale Matheson Carr-Hilton Labonte LLP as auditors with 99.87% approval, and the extension of the sale of its subsidiary, backed by 99.91% of votes. The company plans to advance its La Loutre graphite project from Preliminary Economic Assessment to Preliminary Feasibility Study in 2022.