Lomiko Metals
Lomiko Metals is a Canadian critical minerals developer advancing the La Loutre graphite project in Quebec toward production, targeting battery manufacturers, EV companies, and defense supply chains with natural flake graphite concentrate and downstream battery-grade anode material.
- Company typePublic
- Founded2015
- HeadquartersSurrey, Canada
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Lomiko Metals does
Lomiko Metals Inc. is a Canadian critical minerals exploration and development company headquartered in Vancouver, BC, publicly traded on the TSX Venture Exchange (LMR), OTC (LMRMD), and FSE (DH8C). The company is focused on developing natural flake graphite assets in Quebec to serve the lithium-ion battery, electric vehicle, energy storage, and defense supply chains, with a stated mission to contribute to North American critical mineral supply chain resilience. Its core asset is the 100%-owned La Loutre Graphite Project in southeastern Quebec, ranked by Mining.com and Mining Intelligence as the 7th largest graphite deposit in the world, where a positive Pre-Feasibility Study (PFS) completed in March 2026 defines probable mineral reserves of 46.8 Mt at 4.79% Cg supporting a 28-year mine life and average annual production of 79,600 tonnes of graphite concentrate grading 97.0% Cg.
The company's technical approach centers on conventional mineral processing adapted for battery-grade output. Through its partnership with Corem Research Center in Quebec, Lomiko is processing a 200-tonne graphite bulk sample from La Loutre and upgrading it via flotation, micronization, spheroidization, purification, and coating into battery-grade anode material. The company is also advancing a planned Value-Add Anode Plant in Quebec, with Dorfner Anzaplan GmbH engaged for anode material testing. Beyond La Loutre, Lomiko holds seven early-stage graphite exploration projects in Quebec's Laurentian region (Ruisseau, Tremblant, Meloche, Boyd, Dieppe, North Low, Carmin) covering 18,622 hectares, an optioned interest in the Yellow Fox polymetallic/REE property in Newfoundland, and a 49% interest in the Bourier lithium project in Quebec's James Bay region.
Lomiko's business model is pre-revenue and project-development-oriented. The company is not yet in commercial production; future revenue is expected to be generated through one-time offtake-style sales contracts for graphite concentrate and downstream anode material to battery manufacturers, EV producers, and industrial customers. The go-to-market motion is enterprise field sales targeting long-term offtake agreements with battery/EV OEMs. Current funding is derived from a mix of government grants (US$8.35M from the US Department of Defense under Defense Production Act Title III, and CA$4.9M from Natural Resources Canada) and recurring flow-through private placements of roughly C$300K–C$500K each, with insider participation in some rounds. Project economics disclosed in the 2026 PFS show pre-tax NPV of CAD$797.5M (after-tax CAD$617.4M), pre-tax IRR of 30.3% (after-tax 24.7%), payback of 3.1–3.2 years, initial capex of CAD$504.6M, and projected life-of-mine revenue of CAD$4.7B.
Lomiko Metals firmographics
Firmographics- Name
- Lomiko Metals
- Legal name
- Lomiko Metals Inc.
- Website
- https://lomiko.com
- Company type
- Public
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Lomiko Metals is a Canadian critical minerals developer advancing the La Loutre graphite project in Quebec toward production, targeting battery manufacturers, EV companies, and defense supply chains with natural flake graphite concentrate and downstream battery-grade anode material.
- Ownership category
- akta.pro rank
Lomiko Metals industry classification
Industry- Product category
- Critical Minerals Mining
- NAICS
- Support Activities for Nonmetallic Minerals (except Fuels) Mining (213115)
- SIC
- Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400), Miscellaneous Metal Ores (1090)
- akta.pro primary industry
- Natural Graphite Mining & Concentrates (IMAKAFAD)
- akta.pro secondary industries
- Exploration & Resource Development (Critical Minerals) (IMAKAFAL), Mine Development & Processing EPC (Critical Minerals) (IMAKAFAM)
Keywords
Where Lomiko Metals is headquartered
LocationHeadquarters
- HQ city
- Surrey
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Lomiko Metals business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Infrastructure, Technology or R&D, Personnel, Supply Chain, Marketing or Sales
Revenue model
- Graphite Concentrate Sales: Pre-revenue mining development company. The La Loutre project is expected to produce graphite concentrate for battery and industrial applications. The PFS projects average annual graphite concentrate production of 79,600 tonnes over a 28-year mine life. Revenue will be generated through sale of graphite concentrate to battery manufacturers, EV companies, and industrial customers.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Lomiko Metals product offering
Product offeringCore offering
Lomiko Metals is a pre-revenue Canadian mining development company focused on exploration and advancement of its 100%-owned La Loutre natural flake graphite project in Quebec, with planned production of approximately 79,600 tonnes of graphite concentrate per year over a 28-year mine life for sale to lithium-ion battery and EV manufacturers. The company also holds seven early-stage graphite exploration projects in Quebec's Laurentian region, a 49% interest in the Bourier lithium project, and an option on the Yellow Fox polymetallic/REE property in Newfoundland.
Product overview
Lomiko Metals is a graphite-focused critical minerals company with multiple revenue streams. Its core asset is the La Loutre Graphite Project (100%-owned advanced development project in Quebec), which is supported by a portfolio of seven early-stage graphite exploration projects (Ruisseau, Tremblant, Meloche, Boyd, Dieppe, North Low, Carmin) covering 18,622 hectares. The company also holds an option on the Yellow Fox critical metals/REE property in Newfoundland and a 49% interest in the Bourier lithium project in Quebec. Lomiko is developing its graphite for battery-grade anode material applications supporting the North American energy transition and supply chain resilience.
Differentiator
Problem solved
Functional benefit
Products and services
- La Loutre Graphite Project 100%-owned advanced graphite development project in southeastern Quebec, ranked the 7th largest graphite deposit in the world. Will produce natural flake graphite concentrate for sale to battery manufacturers, EV producers, and industrial customers; planned downstream production of battery-grade anode material.
Quantifiable outcome
- Pre-tax NPV: CAD$797.5M, After-tax NPV: CAD$617.4M with 30.3% and 24.7% IRR respectively
- +3 more outcomes
Companies that use Lomiko Metals
Customer profileSegments3 records
Ideal customer profiles2 records
Lomiko Metals technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Lomiko Metals partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- DRA Americas Inc.coreDRA Americas Inc. completed the Pre-Feasibility Study for the La Loutre Graphite Project in accordance with NI 43-101. DRA managed and coordinated the technical work, developed PFS-level design and cost estimates for the process plant and surface infrastructure, and compiled the comprehensive technical report.
- Norda Stelo Inc.coreNorda Stelo Inc. completed geology and mineral resources work, mineral reserves and open pit mine design, water management and environmental studies, and assessment, licensing, and permitting for the La Loutre project.
- Knight Piésold Ltd.coreKnight Piésold Ltd. completed geotechnical design of waste disposal facilities, noise boundaries, backfilled open pits, and water management measures; open pit slope geometry recommendations; groundwater inflow estimates; and geochemical characterization of filtered tailings and waste rock.
- SGS Canada Inc.minorSGS Canada Inc. conducted metallurgical testing for the La Loutre project, with results interpreted by Metpro Management Inc.
- Dorfner Anzaplan GmbHminorLomiko Metals engaged Dorfner Anzaplan GmbH and its UK subsidiary to conduct anode material testing as input for a Preliminary Economic Assessment on a planned Value-Add Anode Plant in Quebec. The testing will process graphite concentrate from La Loutre into battery-grade anode material.
- Critical Elements Lithium CorporationminorLomiko holds a 49% interest in the Bourier lithium project acquired through an option agreement with Critical Elements Lithium Corporation. The project is located near Nemaska Lithium and Critical Elements in the lithium triangle of James Bay region, Quebec, covering 203 claims over 10,252 hectares.
- Corem Research CentercoreLomiko Metals partnered with Corem Research Center in Quebec to process a 200-tonne graphite bulk sample from the La Loutre deposit. Corem, a center of innovation and expertise in mineral processing, is conducting pilot-scale testing to upgrade natural flake graphite into battery-grade anode material. The collaboration includes flotation, micronization, spheroidization, purification, and coating processes to validate the graphite upgrading method and demonstrate scalability.
- Metals Creek ResourcescoreLomiko Metals operates under an option agreement with Metals Creek Resources for the Yellow Fox Property in Newfoundland. Lomiko paid $23,125 cash plus 889,423 shares as first anniversary payment, with additional amendments expanding the property to 109 claim units covering 2,725 hectares. The property is prospective for antimony, zinc, lead, gold, silver, and rare earth elements.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
Lomiko Metals competitors and assessment
Company assessmentDirect peers
- Nouveau Monde Graphite: Québec-based advanced natural graphite developer pursuing battery-grade spherical graphite for the North American EV supply chain. Closest direct comparable to Lomiko given shared jurisdiction, customer focus, and downstream anode strategy.
- Northern Graphite: Canadian-listed graphite developer and producer focused on flake graphite for battery and industrial markets. Comparable to Lomiko in mineralogy, target customers, and project stage.
- Graphite One: US (Alaska)-focused graphite developer targeting vertically integrated graphite material supply for EV and energy-storage markets. Comparable to Lomiko in critical-mineral supply-chain thesis and US government engagement.
- Westwater Resources: US-based developer of the Coosa graphite project in Alabama targeting battery-grade graphite for the American EV supply chain. Closely comparable to Lomiko in deposit type, customer focus, and policy-driven demand thesis.
- Syrah Resources: Australia-listed owner and operator of the Balama natural flake graphite mine in Mozambique, with downstream active anode material (AAM) plans in the US. Most established public natural graphite peer; benchmark for Lomiko's downstream ambitions.
- Talga Group: Australia-listed developer of Vittangi graphite project in Sweden with integrated lithium-ion battery anode production. Comparable to Lomiko in the mine-to-anode vertical-integration strategy targeting European/North American EV OEMs.
- Mineral Commodities: ASX-listed mining company operating the Skaland natural graphite mine in Norway and developing downstream active anode material. Comparable to Lomiko in both upstream flake graphite and downstream anode-material positioning.
- Black Rock Mining: ASX-listed developer of the Mahenge natural flake graphite project in Tanzania, one of the world's largest graphite deposits. Comparable to Lomiko in scale of resource, flake-graphite product focus, and target on battery materials.
Emerging players
- Volt Resources: ASX-listed graphite developer focused on flake graphite from Tanzania and downstream battery anode material testing. Comparable to Lomiko as a smaller, earlier-stage flake graphite developer pursuing anode-material qualification.
Broad incumbents
- Sigma Lithium: TSX/NASDAQ-listed producer of high-purity lithium from Brazil, focused on battery-grade lithium for the EV supply chain. Comparable to Lomiko as a critical-mineral developer targeting the same North American/EU EV and battery OEMs.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Lomiko Metals social profiles
Digital presenceLomiko Metals financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lomiko Metals leadership team
Management profileNumber of profiles
Profiles3 records
Lomiko Metals funding detail
Funding detailFunding overview
Funding rounds14 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lomiko Metals M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lomiko Metals
What does Lomiko Metals do?
Lomiko Metals is a pre-revenue Canadian mining development company focused on exploration and advancement of its 100%-owned La Loutre natural flake graphite project in Quebec, with planned production of approximately 79,600 tonnes of graphite concentrate per year over a 28-year mine life for sale to lithium-ion battery and EV manufacturers. The company also holds seven early-stage graphite exploration projects in Quebec's Laurentian region, a 49% interest in the Bourier lithium project, and an option on the Yellow Fox polymetallic/REE property in Newfoundland.
Is Lomiko Metals a public or private company?
Lomiko Metals is a public company. It is classified as public and is currently operating.
When was Lomiko Metals founded?
Lomiko Metals was founded in 2015. It employs 1 to 10 people.
Where is Lomiko Metals based?
Lomiko Metals is headquartered in Surrey, Canada, in the North America region.
How does Lomiko Metals make money?
One revenue line is on record: graphite Concentrate Sales.
Who are Lomiko Metals's main competitors?
Direct peers on record are Nouveau Monde Graphite, Northern Graphite, Graphite One, Westwater Resources, Syrah Resources, Talga Group, Mineral Commodities and Black Rock Mining. Volt Resources is listed as an emerging player. Sigma Lithium is listed as a broad incumbent.
Does Lomiko Metals have an API?
No public API is recorded for Lomiko Metals.
What industry is Lomiko Metals in?
Lomiko Metals's product category is Critical Minerals Mining. Its primary akta.pro industry code is IMAKAFAD, Natural Graphite Mining & Concentrates, with a secondary code of IMAKAFAL, Exploration & Resource Development (Critical Minerals). Its NAICS code is 213115 and its SIC code is 1400.