Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the
“Company”) is pleased to announce it has obtained UL ECOLOGO®
certification for mineral exploration, completing a
comprehensive process that took place over several months.
Specifically, Lomiko has received UL 2723 ECOLOGO® Certification
for Mineral Exploration Companies upon its successful completion of
the final stage of the certification process, which includes audit
results, use of the UL ECOLOGO® mark, and registration in UL’s SPOT
sustainable product database. The Company is very proud of this
accomplishment and intends to continue working to promote this
certification and its advantages, helping to make it a key
objective for other exploration companies in the mineral
exploration sector.
A plan for the future
The responsible development and environmental stewardship of
mineral and natural resources has become a must. It is a factor in
all parts of society, and every project needs to be designed and
executed with it in mind. For mineral exploration companies and
their service providers, that entails applying the best social,
environmental, and economic practices.
The certification process
The UL ECOLOGO® Certification program offers a standard by which
to evaluate mineral exploration companies and their service
providers on factors such as environmental impact, safety of people
in the mineral exploration process, the well-being of impacted
communities, fair and ethical business practices, compliance with
applicable legal requirements, and efficient use of financial
resources. The certification provides credible, third-party
verification by a globally recognized and trusted ecolabelling
program.
Lomiko began the accreditation process in June 2021,
successfully completing it on March 21st, 2022. In completing the
process, Lomiko demonstrated that it met all the responsible
development indicators required to obtain UL ECOLOGO® Certification
for Mineral Exploration, which is made available to companies in
Quebec through the Quebec Mining Exploration Association
(QMEA).
“We would like to thank the QMEA and their coaching program for
their collaboration in reaching this milestone for Lomiko,” said
Belinda Labatte, CEO and director of Lomiko. “We greatly appreciate
their support and guidance and are grateful for their contribution
to the success of our efforts. For our company, UL ECOLOGO®
Certification for Mineral Exploration promotes transparency of
process with all our stakeholders and First Nations communities,
fosters a better work environment, improves our appeal as an
employer, strengthens strategic planning, and aids in risk
management. We believe being certified means we are better prepared
for changes to legislation and are likely to have better
relationships with stakeholders, which contributes to the social
acceptability of our projects and helps improve completion
times.”
For more information about the UL ECOLOGO® Certification for
Mineral Exploration program, please visit:
https://canada.ul.com/ulcprograms/explore/
https://spot.ul.com/
QMEA’s coaching program:
https://aemq.org/en/certification-about/
About Lomiko Metals Inc.
Lomiko Metals has a new vision and a new strategy in new energy.
Lomiko represents a company with a purpose: a people-first company
where we can manifest a world of abundant renewable energy with
Canadian and Quebec critical minerals for a solution in North
America. Our goal is to create a new energy future in Canada where
we will grow the critical minerals workforce, become a valued
partner and neighbour with the communities in which we operate, and
provide a secure and responsibly sourced supply of critical
minerals.
The Company holds a 100% interest in its La Loutre graphite
development in southern Quebec. The La Loutre project site is
located within the Kitigan Zibi Anishinabeg (KZA) First Nations
territory. The KZA First Nations are part of the Algonquin Nation
and the KZA territory is situated within the Outaouais and
Laurentides regions. Located 180 kilometres northwest of Montreal,
the property consists of 1 large, continuous block with 48 minerals
claims totaling 2,867 hectares (28.7km2). Lomiko Metals published a
Preliminary Economic Assessment (“PEA”) on September 10, 2021 which
indicated the project had a 15-year mine life producing per year
100,000 tonnes of the graphite concentrate at 95%Cg or a total of
1.5Mt of the graphite concentrate. This report was prepared as
National Instrument 43-101 Technical Report for Lomiko Metals Inc.
by Ausenco Engineering Canada Inc., Hemmera Envirochem Inc., Moose
Mountain Technical Services, and Metpro Management Inc.,
collectively the Report Authors. 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), in Canada’s lithium triangle near the James Bay
region of Quebec that has historically housed lithium deposits and
mineralization trends.
Mr. Mike Petrina, Project Manager, a Qualified Person (“QP”)
under National Instrument 43-101 – Standards of Disclosure for
Mineral Projects, has reviewed and approved the technical
disclosure in this news release.
For more information on Lomiko Metals, review the website at
www.lomiko.com, contact Belinda Labatte at 647-402-8379 or email:
info@lomiko.com.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within
the meaning of the applicable Canadian securities legislation that
is based on expectations, estimates, projections and
interpretations as at the date of this news release. The
information in this news release about the Company; and any other
information herein that is not a historical fact may be
"forward-looking information" (“FLI”). All statements, other than
statements of historical fact, are FLI and can be identified by the
use of statements that include words such as "anticipates",
"plans", "continues", "estimates", "expects", "may", "will",
"projects", "predicts", “proposes”, "potential", "target",
"implement", “scheduled”, "intends", "could", "might", "should",
"believe" and similar words or expressions. FLI in this new release
includes, but is not limited to: the Company’s objective to become
a responsible supplier of critical minerals, exploration of the
Company’s projects, including expected costs of exploration and
timing to achieve certain milestones, including timing for
completion of exploration programs; the Company’s ability to
successfully fund, or remain fully funded for the implementation of
its business strategy and for exploration of any of its projects
(including from the capital markets); any anticipated impacts of
COVID-19 on the Company’s business objectives or projects, the
Company's financial position or operations, and the expected timing
of announcements in this regard. FLI involves known and unknown
risks, assumptions and other factors that may cause actual results
or performance to differ materially. This FLI reflects the
Company’s current views about future events, and while considered
reasonable by the Company at this time, are inherently subject to
significant uncertainties and contingencies. Accordingly, there can
be no certainty that they will accurately reflect actual results.
Assumptions upon which such FLI is based include, without
limitation: current market for critical minerals; current
technological trends; the business relationship between the Company
and its business partners; ability to implement its business
strategy and to fund, explore, advance and develop each of its
projects, including results therefrom and timing thereof; the
ability to operate in a safe and effective manner; uncertainties
related to receiving and maintaining exploration, environmental and
other permits or approvals in Quebec; any unforeseen impacts of
COVID-19; impact of increasing competition in the mineral
exploration business, including the Company’s competitive position
in the industry; general economic conditions, including in relation
to currency controls and interest rate fluctuations.
The FLI contained in this news release are expressly qualified
in their entirety by this cautionary statement, the
“Forward-Looking Statements” section contained in the Company’s
most recent management’s discussion and analysis (MD&A), which
is available on SEDAR at www.sedar.com, and on the investor
presentation on its website. All FLI in this news release are made
as of the date of this news release. There can be no assurance that
such statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking information. The Company does not
undertake to update or revise any such forward-looking statements
or forward-looking information contained herein to reflect new
events or circumstances, except as may be required by applicable
securities laws.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release. No stock exchange, securities
commission or other regulatory authority has approved or
disapproved the information contained herein.
On behalf of the Board, Belinda Labatte CEO and Director, Lomiko
Metals Inc.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220322005767/en/
For more information, please contact:
Kimberly Darlington Investor Relations, Lomiko Metals Inc.
k.darlington@lomiko.com 514-771-3398
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