# Lomiko Metals Inc. Files a Positive Preliminary Feasibility Study For La Loutre Graphite Project on SEDAR Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/lomiko-metals-inc-files-a-positive-preliminary-feasibility-study-for-la-loutre-g--1f43675b-7f69-4197-8b89-73bad0eb967e Original source: https://money.tmx.com/en/quote/LMR/news/5030148448511634/lomiko-metals-inc-files-a-positive-preliminary-feasibility-study-for-la-loutre-g Publisher: tmx Original announcement: 2026-05-08T23:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Lomiko Metals Inc. - Ticker: LMR - Exchange: TSX - Region: Quebec, Canada - Primary commodity: Graphite - Secondary commodities: None reported - Document categories: Resource update, Other - Extracted: 2026-09-12 10:44:15 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Lomiko Metals has filed its Preliminary Feasibility Study \(PFS\) for the La Loutre Graphite Project in Quebec. The study reports probable reserves of 46.8 Mt at 4.79% Cg and demonstrates strong economics with an after-tax NPV of CA$617.4 M. Reasoning: The filing of the PFS technical report formalizes previously announced results, including the declaration of probable reserves and strong economic indicators for the La Loutre project. - Positive factor: Declaration of probable reserves - Positive factor: Strong economic metrics \(NPV CA$797.5M, 30.3% IRR\) - Positive factor: High recovery \(93.0%\) - Positive factor: Long mine life \(28 years\) - Negative factor: Results were previously reported in March 2026 Facts used in scoring: 4 ## Classification and evidence **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The report was prepared in accordance with NI 43-101 standards. Evidence · text > prepared in accordance with National Instrument 43-101 **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: The PFS includes the declaration of probable mineral reserves. Evidence · text > The Project has probable mineral reserves prepared in accordance with NI 43-101 ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/lomiko-metals-inc-files-a-positive-preliminary-feasibility-study-for-la-loutre-g--1f43675b-7f69-4197-8b89-73bad0eb967e#fact-resource-facts-0) La Loutre Graphite Project · graphite Historical result Needs review: historical\_restatement #### Identity - Project: La Loutre Graphite Project - Commodity: graphite - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: LMR #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Colin Fyfe, Danielle Demers, David Sims, Denys Vermette, Georgi Doundarov, Jessica Breault, Jordan Zampini, Kerrine Azougarh, Marina Iund, Oliver Peters - Resource group id: resource:4fed5657640868f1ca8d - Deposit or zone: La Loutre #### Resource Data - Category: probable - Tonnes: 46800000 - Grade: 4.79 - Grade Unit: % Cg - Contained Metal: 2.24 - Contained Unit: mt - Cutoff Grade: 1.5 - Cutoff Unit: % Cg #### Prior Estimate - Resource Date: 2026-03-24 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-03-24T00:00:00.000Z #### Dates - Event date: 2026-05-08T00:00:00.000Z Reasoning: Declaration of probable reserves at a high grade of 4.79% Cg. - Positive factor: Probable reserve status - Negative factor: Previously reported Evidence · text > The Project has probable mineral reserves... 46.8 Mt at an average grade of 4.79% Cg #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/lomiko-metals-inc-files-a-positive-preliminary-feasibility-study-for-la-loutre-g--1f43675b-7f69-4197-8b89-73bad0eb967e#fact-resource-facts-1) La Loutre Graphite Project · graphite Historical result Needs review: historical\_restatement #### Identity - Project: La Loutre Graphite Project - Commodity: graphite - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: LMR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Colin Fyfe, Danielle Demers, David Sims, Denys Vermette, Georgi Doundarov, Jessica Breault, Jordan Zampini, Kerrine Azougarh, Marina Iund, Oliver Peters - Resource group id: resource:0bc4875bb0fa8986b5de - Deposit or zone: La Loutre #### Resource Data - Category: measured - Tonnes: 215000 - Grade: 4.47 - Grade Unit: % Cg - Contained Metal: 9700 - Contained Unit: kt - Cutoff Grade: 0.95 - Cutoff Unit: % Cg #### Prior Estimate - Resource Date: 2026-03-24 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-03-24T00:00:00.000Z #### Dates - Event date: 2026-05-08T00:00:00.000Z Reasoning: Measured resource component of the PFS. - Positive factor: Measured category - Negative factor: Previously reported Evidence · text > a measured resource of 215 kt at a 4.47 % Cg grade for 9,7 kt of graphite #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/lomiko-metals-inc-files-a-positive-preliminary-feasibility-study-for-la-loutre-g--1f43675b-7f69-4197-8b89-73bad0eb967e#fact-resource-facts-2) La Loutre Graphite Project · graphite Historical result Needs review: historical\_restatement #### Identity - Project: La Loutre Graphite Project - Commodity: graphite - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: LMR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Colin Fyfe, Danielle Demers, David Sims, Denys Vermette, Georgi Doundarov, Jessica Breault, Jordan Zampini, Kerrine Azougarh, Marina Iund, Oliver Peters - Resource group id: resource:a5b1f80b7f6335e073cf - Deposit or zone: La Loutre #### Resource Data - Category: indicated - Tonnes: 69741000 - Grade: 4.41 - Grade Unit: % Cg - Contained Metal: 3075 - Contained Unit: kt - Cutoff Grade: 0.95 - Cutoff Unit: % Cg #### Prior Estimate - Resource Date: 2026-03-24 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-03-24T00:00:00.000Z #### Dates - Event date: 2026-05-08T00:00:00.000Z Reasoning: Indicated resource component of the PFS. - Positive factor: Indicated category - Negative factor: Previously reported Evidence · text > an indicated resource of 69,741 kt at a 4.41 % Cg grade for 3,075 kt of graphite #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/lomiko-metals-inc-files-a-positive-preliminary-feasibility-study-for-la-loutre-g--1f43675b-7f69-4197-8b89-73bad0eb967e#fact-resource-facts-3) La Loutre Graphite Project · graphite Historical result Needs review: historical\_restatement #### Identity - Project: La Loutre Graphite Project - Commodity: graphite - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: LMR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Colin Fyfe, Danielle Demers, David Sims, Denys Vermette, Georgi Doundarov, Jessica Breault, Jordan Zampini, Kerrine Azougarh, Marina Iund, Oliver Peters - Resource group id: resource:225ee9c5071ac929d41c - Deposit or zone: La Loutre #### Resource Data - Category: inferred - Tonnes: 20279000 - Grade: 3.53 - Grade Unit: % Cg - Contained Metal: 716 - Contained Unit: kt - Cutoff Grade: 0.95 - Cutoff Unit: % Cg #### Prior Estimate - Resource Date: 2026-03-24 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-03-24T00:00:00.000Z #### Dates - Event date: 2026-05-08T00:00:00.000Z Reasoning: Inferred resource component of the PFS. - Negative factor: Inferred category Evidence · text > an inferred resource of 20,279 kt at a 3.53 % Cg grade for 716 kt of graphite #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## 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.