Annual General and Special Meeting Results
Annual General and Special Meeting Results
MONTREAL— December 7, 2021 - Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) ("Lomiko Metals”
or the “Company”) is pleased to announce that on December 6, 2021 it held its Annual General and Special Meeting
of Shareholders (the “Meeting”). A total of 75,146,069 common shares (31.56% of the outstanding common shares)
were represented at the Meeting in person or proxy.
At the first meeting of the newly constituted Board of Directors held immediately after the Meeting, Belinda Labatte
was elected to serve as Chief Executive Officer and Director, Gordana Slepcev as Chief Operating Officer and Vince
Osbourne as Chief Financial Officer until the next annual general meeting of the Company. The Board also elected
Sagiv Shiv to serve as the Company’s Audit Committee Chair until the next annual general meeting of the Company.
Belinda Labatte, CEO and Director, said: “I am pleased to announce our board of directors renewal process is now
complete. Our board represents a diverse and experienced group of professionals with Ms. Anu Dhir appointed as
Lead Independent Director, A. Paul Gill continuing in his role as Executive Chair and Mr. Sagiv Shiv serving as Chair
of the Audit Committee. Together with this board of directors who represent First Nations, Indigenous, Quebec and
Canadian values and interests, we are creating a new energy future in Canada by building a meaningful portfolio of
critical minerals assets. We are committed to advancing our graphite project La Loutre from PEA (“Preliminary
Economic Assessment”) to PFS (“Preliminary Feasibility Study”) in 2022 and look forward to working with all our
stakeholders on the improvement and de-risking of this project through an exploration campaign, metallurgical,
engineering and environmental baseline studies. We will provide updates as we advance these studies in the new
year.”
1. The Number of Directors
The number of Directors to be set at seven (7) was approved by a resolution passed by a vote by ballot with 59,633,336
(98.28%) total votes cast “FOR” and 1,040,547 (1.71%) votes cast “AGAINST”.
2. Election of Directors
Each of the following individuals was elected as directors of the Company as approved by a vote by ballot, for a term
expiring at the conclusion of the next annual meeting of shareholders of the Company or until their successors are
elected or appointed, as follows:
Name Votes “For” (%) Votes “Withheld”
(%)
A Paul Gill 60,429,146 (99.86%) 84,592 (0.14%)
Belinda Labatte 60,109,603 (99.07%) 564,280 (0.93%)
Eric Levy 60,266,294 (99.32%) 407,589 (0.67%)
Sagiv Shiv 60,391,844 (99.53%) 282,039 (0.46%)
Anu Dhir 60,444,291 (99.62%) 229,592 (0.37%)
Dominique Dionne 59,516,798 (98.09%) 1,157,085 (1.90%)
Lee Arden Lewis 59,529,741 (98.11%) 1,144,142 (1.88%)
3. Appointment of Auditor
The appointment of Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional Accountants, as the auditors of
the Company, and the authorization for the directors to fix the remuneration to be paid to the auditors, was approved
by a resolution passed by a vote by ballot, with 75,050,235 (99.87%) total votes cast “FOR” and 95,834 (0.12%) total
votes “WITHHELD”.
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4. 2021 Omnibus Incentive Plan
The 2021 Omnibus Incentive Plan was approved by a resolution passed by a vote by ballot with 58,993,551 (97.23%)
total votes cast “FOR” and 1,680,432 (2.77%) total votes cast “AGAINST”.
5. Approval to the Extension of Closing the Sale of the Company’s Subsidiary– Special Resolution
The approval to the extension of the closing date of the sale of the Company’s wholly-owned subsidiary in accordance
with the Business Corporations Act (BC) to Prometheus Technologies Inc was approved by a special resolution passed
by a vote by ballot, with 60,621,629 (99.91%) total votes cast “FOR” and 52,254 (0.08%) total votes cast
“AGAINST”. The resolution was a non-arm’s length transaction.
Interested shareholders can view the Company’s Investor presentation which was recorded at the AGM at the following
link: https://lomiko.com/agm-materials/
About Lomiko Metals Inc.
Lomiko Metals has a new vision and a new strategy in new energy. Lomiko represents a company with 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 (28.7km 2). 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 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: [email protected].
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
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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.