Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the
“Company”) is pleased to announce the start of a collaboration
with Femina Collective (“Femina”) to build on and provide momentum
for a more strategic approach to responsible critical minerals
development and energy security in North America.
Femina and Lomiko share common goals to address critical issues
in the industry, including women’s participation, investment, and
advancement in mining and energy transition and the need to draw in
new talent and Indigenous worldviews into the energy transition
sector. The collaboration can also mitigate the wave of retiring
miners in the next years by working with young people and leaders
in the industry.
For related facts and statistics, please see the website
https://www.thefeminacollective.com/didyouknow. Of note, for the
third consecutive year, mining executives have identified
environmental, social and governance (ESG) issues as one of the key
risks facing the industry, according to EY (2023 report) and this
collaboration intends to face these risks with new actions and
conversations.
Femina was founded by Beth Borody, a social enterprise that
represents women in mining and related sectors through mentorship,
networking, and advocacy. She was recognized as one of the Globe
and Mail's top 50 Changemakers in Canada for 2021 for her work in
pushing the boundaries for mining to be more diverse and inclusive.
The enterprise has members across Canada, the USA and abroad. She
is also the Founder of the Femina Investment Club.
Belinda Labatte, CEO and Interim Chair of the Board, stated:
“The Lomiko team is delighted to collaborate with Femina at this
pivotal time. The speed needed to ensure energy security at home,
and therefore access to natural resources here, and the urgency to
decarbonize requires a transition that engages everyone in new
ways. Together with Femina members, Lomiko will expand its reach in
education, mentorship and hiring opportunities and support the
formation of an investment club led by Beth Borody. The club is
focused on improving the investment landscape for mining and
enabling more women to access investment opportunities to influence
mining projects. This collaboration is another way to lead as a
responsible developer and be inclusive in the studies we plan to
undertake in 2024, and beyond. We look forward to sharing specific
initiatives in the near future and achieving net positive
impacts.”
Lomiko's participation at the Prospectors and Developers
Association of Canada (“PDAC”)
March 3 to 6, 2024: PDAC, Toronto: booth #2547 in the South
Building, 800 Level
March 4: Belinda Labatte, CEO and Interim Chair of the Board,
Panel presentation, The Anishnawbe Business Association,
“Reconciliation in mining" at the Northern Mining Showcase 11am to
12pm
March 5: Belinda Labatte, will present live at Québec: Unique
Mining Ecosystem on March 5, 2024, PDAC, in room 205D at 4:15pm
As events are updated, they will be posted on all our social
channels.
About Lomiko Metals Inc.
The Company holds mineral interests in its La Loutre graphite
development in southern Quebec. The La Loutre project site is
within the Kitigan Zibi Anishinabeg (KZA) First Nation’s territory.
The KZA First Nation is part of the Algonquin Nation, and the KZA
traditional territory is situated within the Outaouais and
Laurentides regions. Located 180 kilometers northwest of Montreal,
the property consists of one large, continuous block with 76
mineral claims totaling 4,528 hectares (45.3 km2).
The Property is underlain by rocks from the Grenville Province
of the Precambrian Canadian Shield. The Grenville was formed under
conditions that were very favorable for the development of
coarse-grained, flake-type graphite mineralization from
organic-rich material during high-temperature metamorphism.
Lomiko Metals published April 13, 2023 Updated Mineral Resource
Estimate (MRE) which estimated 64.7 million tonnes of Indicated
Mineral Resources averaging 4.59% Cg per tonne for 3.0 million
tonnes of graphite, a tonnage increase of 184%. Indicated Mineral
Resources increased by 41.5 million tonnes as a result of the 2022
drilling campaign, from 17.5 million tonnes in 2021 MRE, with
additional Mineral resources reported down-dip and within marble
units resulted in the addition of 17.5 million tonnes of Inferred
Mineral Resources averaging 3.51% Cg per tonne for 0.65 million
tonnes of contained graphite; and the additional 13,107 metres of
infill drilling in 79 holes completed in 2022 combined with the
refinement of the deposit and structural models contributed to the
addition of most of the Inferred Mineral Resources to the Indicated
Mineral Resource category, relative to the 2021 Mineral Resource
Estimate. The MRE assumes a US$1,098.07 per tonne graphite price
and a cut-off grade of 1.50% Cg (graphitic carbon).
In addition to La Loutre, Lomiko has earned-in its 49% stake in
the Bourier Project from Critical Elements Lithium Corporation as
per the option agreement announced on April 27th, 2021. 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.
On behalf of the Board, Belinda Labatte CEO and Director, Lomiko
Metals Inc.
For more information on Lomiko Metals, review the website at
www.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, and statements relating to the
intended use of proceeds of the Offering and the receipt of final
acceptance of the TSX Venture Exchange. 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240215466713/en/
1-833-456-6456 or 1-833-4-LOMIKO or email: info@lomiko.com.
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