Lomiko Metals Inc. announced that a private placement of up to 33,333,333 common share units at a price of CAD 0.03 per unit for gross proceeds of up to CAD 1,000,00 on October 25, 2022. Each unit consists of one common share and one common share purchase warrant with each whole warrant exercisable at a price of CAD 0.05 per share for a period of 60 month.