Lomiko announces collaboration with Femina Collective and upcoming PDAC events
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Lomiko announces collaboration with
Femina Collective and upcoming PDAC events
February 15, 2024 - Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the
“Company”) is pleased to announce the start of a collaboration with Femina Collectiv e
(“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
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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 27 th, 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.
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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
Contact:
1-833-456-6456 or 1-833-4-LOMIKO
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 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, assumption s, 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 pe rmits 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 curr ency 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 o n 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.
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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.