# Lomiko Metals Continues to Expand on Newly Discovered REE Anomalies at the Yellow Fox Critical Metals/REE Property Located in Central Newfoundland Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/lomiko-metals-continues-to-expand-on-newly-discovered-ree-anomalies-at-the-yello--702212d4-91eb-44a2-aca5-c37329ce6975 Original source: https://money.tmx.com/en/quote/LMR/news/7519978441481120/lomiko-metals-continues-to-expand-on-newly-discovered-ree-anomalies-at-the-yello Publisher: tmx Original announcement: 2026-04-07T12:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Lomiko Metals Inc. - Ticker: LMR - Exchange: TSX - Region: Newfoundland - Primary commodity: Rare earth elements - Secondary commodities: Antimony, Gold, Silver, Zinc, Lead, Gallium, Rubidium, Niobium, Zirconium - Document categories: Drill results, Other - Extracted: 2026-09-12 10:57:54 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Lomiko Metals has announced highly anomalous rare earth element \(REE\) results from additional soil sampling at the Yellow Fox property in Newfoundland. The assays identified significant enrichment in Heavy Rare Earth Elements \(HREE\) and Yttrium, with Dysprosium and Terbium values up to 10-20 times background levels. Reasoning: The announcement reports highly anomalous REE \(specifically HREE and Yttrium\) results from soil sampling, extending the known mineralized footprint and identifying a highly evolved peralkaline granite system. - Positive factor: identification of new REE anomalies - Positive factor: high HREE+Y/LREE ratios - Positive factor: continuity of previously identified zones - Positive factor: highly anomalous Dy and Tb values - Negative factor: results are from soil sampling which is selective by nature Facts used in scoring: 14 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The results identify new REE anomalies and expand the known mineralized footprint. Evidence · text > Continues to Expand on Newly Discovered REE Anomalies **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release mentions the use of standards and blanks in the assaying process. Evidence · text > Standards and blanks were inserted to this batch of samples ## Extracted facts Stored fact records: 14. Some facts used in scoring do not have a stored record. ## Drill Results (14) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/lomiko-metals-continues-to-expand-on-newly-discovered-ree-anomalies-at-the-yello--702212d4-91eb-44a2-aca5-c37329ce6975#fact-drill-facts-0) #### Identity - Region: canada\_nl - Reported Region: Newfoundland - Ticker: LMR #### Classification - Sample Type: surface #### Location - Location: Mount Peyton Intrusion - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-07T00:00:00.000Z Reasoning: Soil sampling identified new REE anomalies in the Mount Peyton Intrusion. - Positive factor: newly discovered anomalies Evidence · text > highly anomalous Light Rare Earth Element \(LREE\) and Heavy Rare Earth Element \(HREE\) assays #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Indicated Mineral Resources increased by 41.5 million tonnes as a result of the 2022 drilling campaign, from 17.5 millio" ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/lomiko-metals-continues-to-expand-on-newly-discovered-ree-anomalies-at-the-yello--702212d4-91eb-44a2-aca5-c37329ce6975#fact-drill-facts-1) #### Identity - Region: canada\_nl - Reported Region: Newfoundland - Ticker: LMR #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-07T00:00:00.000Z Reasoning: Dysprosium and Terbium values are significantly elevated above background. - Positive factor: highly anomalous values Evidence · text > select samples up to 10 to 20 times background values #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Indicated Mineral Resources increased by 41.5 million tonnes as a result of the 2022 drilling campaign, from 17.5 millio" ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/lomiko-metals-continues-to-expand-on-newly-discovered-ree-anomalies-at-the-yello--702212d4-91eb-44a2-aca5-c37329ce6975#fact-drill-facts-2) #### Identity - Region: canada\_nl - Reported Region: Newfoundland - Ticker: LMR #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-07T00:00:00.000Z Reasoning: Ratios exceeding 0.5 indicate a highly sought-after HREE-enriched system. - Positive factor: high HREE enrichment Evidence · text > HREE+Y/LREE ratios of 0.5 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Indicated Mineral Resources increased by 41.5 million tonnes as a result of the 2022 drilling campaign, from 17.5 millio" ### Fact 4 [Link to this fact](https://atlas-extractions.minestarters.com/news/lomiko-metals-continues-to-expand-on-newly-discovered-ree-anomalies-at-the-yello--702212d4-91eb-44a2-aca5-c37329ce6975#fact-drill-facts-3) #### Identity - Region: canada\_nl - Reported Region: Newfoundland - Ticker: LMR #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-07T00:00:00.000Z Reasoning: A ratio of 1.25 is exceptionally high for HREE/LREE ratios. - Positive factor: extreme HREE enrichment Evidence · text > Ratios as high as 1.25 has been achieved #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Indicated Mineral Resources increased by 41.5 million tonnes as a result of the 2022 drilling campaign, from 17.5 millio" ### Fact 5 [Link to this fact](https://atlas-extractions.minestarters.com/news/lomiko-metals-continues-to-expand-on-newly-discovered-ree-anomalies-at-the-yello--702212d4-91eb-44a2-aca5-c37329ce6975#fact-drill-facts-4) #### Identity - Region: canada\_nl - Reported Region: Newfoundland - Ticker: LMR #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-07T00:00:00.000Z Reasoning: High Yttrium content is a key indicator for HREE targets. - Positive factor: high Yttrium content Evidence · text > Yttrium \(Y\) values are highly enriched making up 61 to 69 percent of the HREE+Y totals #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Indicated Mineral Resources increased by 41.5 million tonnes as a result of the 2022 drilling campaign, from 17.5 millio" ### Fact 6 [Link to this fact](https://atlas-extractions.minestarters.com/news/lomiko-metals-continues-to-expand-on-newly-discovered-ree-anomalies-at-the-yello--702212d4-91eb-44a2-aca5-c37329ce6975#fact-drill-facts-5) #### Identity - Region: canada\_nl - Reported Region: Newfoundland - Ticker: LMR #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-07T00:00:00.000Z Reasoning: Elevated Gallium serves as a pathfinder for the peralkaline system. - Positive factor: geochemical pathfinder Evidence · text > Assays up to 41.9 ppm Gallium #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Indicated Mineral Resources increased by 41.5 million tonnes as a result of the 2022 drilling campaign, from 17.5 millio" ### Fact 7 [Link to this fact](https://atlas-extractions.minestarters.com/news/lomiko-metals-continues-to-expand-on-newly-discovered-ree-anomalies-at-the-yello--702212d4-91eb-44a2-aca5-c37329ce6975#fact-drill-facts-6) #### Identity - Region: canada\_nl - Reported Region: Newfoundland - Ticker: LMR #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-07T00:00:00.000Z Reasoning: High Rubidium indicates a highly evolved granitic system. - Positive factor: geochemical pathfinder Evidence · text > Rubidium \(Rb\) values reached a peak of 194.6 ppm #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Indicated Mineral Resources increased by 41.5 million tonnes as a result of the 2022 drilling campaign, from 17.5 millio" ### Fact 8 [Link to this fact](https://atlas-extractions.minestarters.com/news/lomiko-metals-continues-to-expand-on-newly-discovered-ree-anomalies-at-the-yello--702212d4-91eb-44a2-aca5-c37329ce6975#fact-drill-facts-7) #### Identity - Region: canada\_nl - Reported Region: Newfoundland - Ticker: LMR #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-07T00:00:00.000Z Reasoning: Zirconium levels support the presence of a highly fractionated magma. - Positive factor: validates highly fractionated magma Evidence · text > High Zr levels are also present, averaging 546 ppm with values up to 1169 ppm #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Indicated Mineral Resources increased by 41.5 million tonnes as a result of the 2022 drilling campaign, from 17.5 millio" ### Fact 9 [Link to this fact](https://atlas-extractions.minestarters.com/news/lomiko-metals-continues-to-expand-on-newly-discovered-ree-anomalies-at-the-yello--702212d4-91eb-44a2-aca5-c37329ce6975#fact-drill-facts-8) #### Identity - Region: canada\_nl - Reported Region: Newfoundland - Ticker: LMR #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-07T00:00:00.000Z Reasoning: Niobium presence validates the magmatic system. - Positive factor: geochemical indicator Evidence · text > elevated niobium \(Nb\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Indicated Mineral Resources increased by 41.5 million tonnes as a result of the 2022 drilling campaign, from 17.5 millio" ### Fact 10 [Link to this fact](https://atlas-extractions.minestarters.com/news/lomiko-metals-continues-to-expand-on-newly-discovered-ree-anomalies-at-the-yello--702212d4-91eb-44a2-aca5-c37329ce6975#fact-drill-facts-9) Historical result Needs review: historical\_restatement #### Identity - Region: canada\_nl - Reported Region: Newfoundland - Ticker: LMR #### Classification - Sample Type: surface #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-04-07T00:00:00.000Z Reasoning: Historical grab samples from the property. - Negative factor: historical data Evidence · text > 59.43g/t Au, 11.10% Sb, 7.00% Zn, 72.90g/t Ag, and 5.50% Pb #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Indicated Mineral Resources increased by 41.5 million tonnes as a result of the 2022 drilling campaign, from 17.5 millio" ### Fact 11 [Link to this fact](https://atlas-extractions.minestarters.com/news/lomiko-metals-continues-to-expand-on-newly-discovered-ree-anomalies-at-the-yello--702212d4-91eb-44a2-aca5-c37329ce6975#fact-drill-facts-10) #### Identity - Region: canada\_nl - Reported Region: Newfoundland - Ticker: LMR #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-07T00:00:00.000Z Reasoning: Laboratory disclosure. Evidence · text > 32 samples ... sent to Bureau Veritas #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Indicated Mineral Resources increased by 41.5 million tonnes as a result of the 2022 drilling campaign, from 17.5 millio" ### Fact 12 [Link to this fact](https://atlas-extractions.minestarters.com/news/lomiko-metals-continues-to-expand-on-newly-discovered-ree-anomalies-at-the-yello--702212d4-91eb-44a2-aca5-c37329ce6975#fact-drill-facts-11) #### Identity - Region: canada\_nl - Reported Region: Newfoundland - Ticker: LMR #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-07T00:00:00.000Z Reasoning: QA/QC disclosure. Evidence · text > Standards and blanks were inserted to this batch of samples #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Indicated Mineral Resources increased by 41.5 million tonnes as a result of the 2022 drilling campaign, from 17.5 millio" ### Fact 13 [Link to this fact](https://atlas-extractions.minestarters.com/news/lomiko-metals-continues-to-expand-on-newly-discovered-ree-anomalies-at-the-yello--702212d4-91eb-44a2-aca5-c37329ce6975#fact-drill-facts-12) #### Identity - Region: canada\_nl - Reported Region: Newfoundland - Ticker: LMR #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-07T00:00:00.000Z Reasoning: QP sign-off. Evidence · text > reviewed and approved by Gordana Slepcev, P.Eng. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Indicated Mineral Resources increased by 41.5 million tonnes as a result of the 2022 drilling campaign, from 17.5 millio" ### Fact 14 [Link to this fact](https://atlas-extractions.minestarters.com/news/lomiko-metals-continues-to-expand-on-newly-discovered-ree-anomalies-at-the-yello--702212d4-91eb-44a2-aca5-c37329ce6975#fact-drill-facts-13) #### Identity - Region: canada\_nl - Reported Region: Newfoundland - Ticker: LMR #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-07T00:00:00.000Z Reasoning: QP sign-off. Evidence · text > Wayne Reid, P.Geo ... has reviewed and approved #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Indicated Mineral Resources increased by 41.5 million tonnes as a result of the 2022 drilling campaign, from 17.5 millio" ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.