Lomiko Metals Inc. announced that, in connection with its previously announced amended option agreement with Critical Elements Lithium Corporation (CELC) on the Bourier project, the company has successfully earned its 49% interest in the project. The final exploration results are pending as CELC, the project operator, is still receiving the assay results from the 2023 field program. The Bourier project site is located near Nemaska Lithium and Critical Elements south-east of the Eeyou Istchee James Bay territory in Quebec, which consists of 203 claims for a total ground position of 10,252.20 hectares (102.52 km2).

To earn its 49% interest in the Bourier project (the First Option), Lomiko Metals needed to incur or fund exploration expenditures aggregating not less than $1,300,000 on the project.