# Lomiko Metals Inc. Files a Positive Preliminary Feasibility Study For La Loutre Graphite Project on SEDAR Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/lomiko-metals-inc-files-a-positive-preliminary-feasibility-study-for-la-loutre-g--6a061d95-c1b9-462a-ac30-34a22152c664 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, Metallurgy - Extracted: 2026-08-20 23:14:19 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 formalizes previously reported results, confirming strong economic viability with a 24.7% after-tax IRR and significant graphite reserves. - Positive factor: Declaration of probable reserves - Positive factor: Strong economic metrics \(NPV/IRR\) - Positive factor: High metallurgical recovery \(93%\) - Positive factor: Long mine life \(28 years\) - Negative factor: Results are a restatement of March 2026 news release Facts used in scoring: 5 ## Classification and evidence **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: The PFS declares 46.8 Mt of probable reserves at 4.79% Cg. Evidence · text > The Project has probable mineral reserves... of 46.8 Mt at an average grade of 4.79% Cg **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: LOM average mill recovery is 93.0% for graphite. Evidence · text > Average LOM mill recovery of 93.0% Cg. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The PFS was prepared in accordance with NI 43-101 standards. Evidence · text > prepared in accordance with National Instrument 43-101 ## Extracted facts Stored fact records: 5. Some facts used in scoring do not have a stored record. ## Resource Estimates (5) ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/lomiko-metals-inc-files-a-positive-preliminary-feasibility-study-for-la-loutre-g--6a061d95-c1b9-462a-ac30-34a22152c664#fact-resource-facts-0) graphite Historical result Needs review: historical\_restatement #### Identity - Commodity: graphite - Ticker: LMR #### Resource Data - Category: probable - Tonnes: 46800000 - Grade: 4.79 - Grade Unit: % Cg - Contained Metal: 2240000 - Contained Unit: t - Cutoff Grade: 1.5 #### 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: Probable reserves established at a 1.5% cut-off. - Positive factor: Significant tonnage and grade - Negative factor: Restatement of prior results Evidence · text > The Project has probable mineral reserves... of 46.8 Mt at an average grade of 4.79% Cg ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lomiko-metals-inc-files-a-positive-preliminary-feasibility-study-for-la-loutre-g--6a061d95-c1b9-462a-ac30-34a22152c664#fact-resource-facts-1) graphite #### Identity - Commodity: graphite - Ticker: LMR #### Resource Data - Category: measured - Tonnes: 215000 - Grade: 4.47 - Grade Unit: % Cg - Contained Metal: 9700 - Contained Unit: kt - Cutoff Grade: 0.95 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-08T00:00:00.000Z Reasoning: Measured resource component of the PFS. - Positive factor: High grade for measured category Evidence · text > a measured resource of 215 kt at a 4.47 % Cg grade for 9,7 kt of graphite ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lomiko-metals-inc-files-a-positive-preliminary-feasibility-study-for-la-loutre-g--6a061d95-c1b9-462a-ac30-34a22152c664#fact-resource-facts-2) graphite #### Identity - Commodity: graphite - Ticker: LMR #### Resource Data - Category: indicated - Tonnes: 69741000 - Grade: 4.41 - Grade Unit: % Cg - Contained Metal: 3075000 - Contained Unit: kt - Cutoff Grade: 0.95 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-08T00:00:00.000Z Reasoning: Indicated resource component of the PFS. - Positive factor: Large tonnage indicated resource Evidence · text > an indicated resource of 69,741 kt at a 4.41 % Cg grade for 3,075 kt of graphite ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lomiko-metals-inc-files-a-positive-preliminary-feasibility-study-for-la-loutre-g--6a061d95-c1b9-462a-ac30-34a22152c664#fact-resource-facts-3) graphite #### Identity - Commodity: graphite - Ticker: LMR #### Resource Data - Category: inferred - Tonnes: 20279000 - Grade: 3.53 - Grade Unit: % Cg - Contained Metal: 716000 - Contained Unit: kt - Cutoff Grade: 0.95 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-08T00:00:00.000Z Reasoning: Inferred resource component of the PFS. - Negative factor: Inferred category limits confidence Evidence · text > an inferred resource of 20,279 kt at a 3.53 % Cg grade for 716 kt of graphite ### Fact 5 [Link to this fact](https://atlas-staging.minestarters.com/news/lomiko-metals-inc-files-a-positive-preliminary-feasibility-study-for-la-loutre-g--6a061d95-c1b9-462a-ac30-34a22152c664#fact-resource-facts-4) graphite #### Identity - Commodity: graphite - Ticker: LMR #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-08T00:00:00.000Z Reasoning: Strong LOM average recovery reported in PFS. - Positive factor: High recovery \(93%\) Evidence · text > Average LOM mill recovery of 93.0% Cg. ## 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.