Lomiko's Strategic Gamble: Acquiring the Yellow Fox Property

Lomiko Metals Inc. (TSX.V: LMR) (OTCMKTS: LMRMF) has announced a definitive agreement to acquire the Yellow Fox property, a prospective antimony, silver, and gold project located in central Newfoundland. This strategic move aligns with Lomiko's commitment to developing critical minerals in Canada and positions the company to capitalize on the growing demand for these metals. The Yellow Fox property, with its high-grade samples and proximity to a known mineralized trend, offers significant potential for Lomiko to expand its mineral portfolio and reduce its reliance on a single commodity.



The Yellow Fox property is situated approximately 10 km southwest of the town of Glenwood, Newfoundland, and south of the Trans-Canada Highway. This strategic location provides excellent access to the property, facilitating exploration and development activities. The property is also located on the same trend as the past-producing antimony mine Beaver Brook, which is situated 25 km southwest of the property. This proximity to a known mineralized trend increases the likelihood of discovering additional mineralization on the Yellow Fox property.

The property is prospective in antimony, gold, and silver, with historic work returning samples anomalous in these metals. The Yellow Fox Showing, in particular, has yielded grab samples with high concentrations of antimony, gold, lead, zinc, and silver, including 59.43g/t Au, 11.10% Sb, 7.00% Zn, 72.90g/t Ag, and 5.50% Pb in arsenopyrite-stibnite veins within altered monzogranite. Additionally, channel results of 0.35g/t Au, 3.04g/t Ag, 0.77% Zn, 0.27% Sb, and 0.21% Pb over 16.49m have been attained.

Antimony is considered one of the 34 critical minerals in Canada and has tremendous potential due to its role in many industrial applications, including in semiconductors and as a flame retardant. With the increasing importance of antimony as a strategic metal, as evidenced by the 250% price surge in 2024, the acquisition of the Yellow Fox property positions Lomiko Metals to capitalize on this growing demand. The company's leadership team has vast experience operating in Newfoundland and developing critical minerals projects, which will be invaluable in exploring and developing the Yellow Fox property.

The acquisition of the Yellow Fox property aligns with Lomiko's existing portfolio of graphite and lithium projects, providing several potential synergies. The property's proximity to Lomiko's existing projects in Quebec can facilitate shared infrastructure, logistics, and operational synergies. The addition of antimony, gold, and silver to Lomiko's mineral portfolio complements its existing graphite and lithium projects, creating a more diversified revenue stream and reducing reliance on a single commodity. Lomiko's leadership team has experience operating in Newfoundland and developing critical minerals projects, which can be leveraged to advance the Yellow Fox project more efficiently.



In conclusion, the acquisition of the Yellow Fox property is a strategic move for Lomiko Metals, providing access to a prospective mineral property with high-grade samples, proximity to a known mineralized trend, excellent access, and a strategic position in the critical minerals market. This acquisition aligns with Lomiko's strategy as a critical minerals developer of choice in Canada and a solution in North America, positioning the company to capitalize on the growing demand for critical minerals and reducing its reliance on a single commodity.