Global Battery Materials completes Lomiko buyout at $0.13 per share

Bitget2026/10/06 12:31

Global Battery Materials completed its acquisition of Lomiko Metals, buying all outstanding shares for C$0.13 each in cash. GBM acquired 80,040,395 shares, taking 100% ownership, for total consideration of C$10.41 million. Lomiko is set to be delisted from the TSX Venture Exchange around the close of business on Oct. 7, 2026. A related loan facility lost its contingent conversion feature, leaving principal and accrued interest no longer convertible into shares. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lomiko Metals Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20261006675445) on October 06, 2026, and is solely responsible for the information contained therein.

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