Federal instrument · Cooperative agreement
DPA Title III Technology Investment Agreement with Lomiko Metals for La Loutre Graphite Studies (May 2024)
Lomiko Metals announced on 16 May 2024 a US$8.35 million grant from the U.S. Department of Defense in a Technology Investment Agreement under Title III of the Defense Production Act, funded through the Inflation Reduction Act, with company matching required for a total agreement of US$16.7 million over five years, to strengthen and expand the industrial base for natural flake graphite in North America through three phases of study work at La Loutre, Quebec.
Financial state: Obligated
Program: Defense Production Act Title III · U.S. Department of Defense
Primary source: Lomiko Metals Inc. · published May 16, 2024
Terms
| Amount | $8.35M (DoD contribution as announced, matched by Lomiko for a total agreement with DoD of US$16.7 million over five years) |
|---|---|
| Cost share percent | 50 |
Immutable financial events
- May 16, 2024 · Obligated
Sources
- Lomiko Metals Inc. · published May 16, 2024 · retrieved Aug 13, 2026 · archive unavailable: Wayback verification blocked by archive.org outage on 2026-08-12; recheck on a weekly pass