Lomiko announces it is now UL ECOLOGO® certified for mineral exploration, validating mineral companies’ responsible business practices to the market, and demonstrating increased value to investors
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Lomiko announces it is now UL ECOLOGO® certified for mineral exploration, validating
mineral companies’ responsible business practices to the market, and demonstrating
increased value to investors
Montreal, Quebec – March 22, 2022 - 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, fa ir 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 M ineral 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 fo r 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: [email protected].
Cautionary Note Regarding Forward-Looking Information
This news release contains "forw ard-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 "a nticipates", "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 ne w 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 caus e 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 betwee n 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; uncer tainties 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.
For more information, please contact:
Kimberly Darlington
Investor Relations, Lomiko Metals Inc.
514-771-3398