Lomiko Announces Omnibus Equity Incentive Plan Grants
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Lomiko Announces Omnibus Equity Incentive Plan Grants
Montreal, Quebec – January 24tt, 2025 - Lomiko Metals Inc. (TSX-V: LMR) (“Lomik o” or the
“Company”) is pleased to announce grants for management, IR and board compensation. As part of
the annual short and long- term incentive program as determined by the Board, Lomiko is
announcing the grant of stock options to management and an investor relations advisor, Restricted
Share Units (“RSUs”) to management and RSUs and Deferred Share Units (“DSUs”) to the Board
in accordance with the Company’s approved 2024 Omnibus Equity Incentive Plan.
On the recommendation of the Compensation, Corporate Governance, and Nominating Committee
(“CCGNC”), the Board has approved the grant of an aggregate of 644,446 RSUs and 844,403 DSUs
to the Company's directors. Management including the Executive Chair has been granted an
aggregate of 370,370 RSUs and 375,000 stock options have been issued. The Company is pleased
to announce that it has retained A. Paul Gill to provide investor relations services in accordance with
TSX Venture Exchange policies. The Agreement is for a six month term, subject to
renewability. Mr. Gill has been granted an option to purchase up to 110,000 common shares,
exerciseable for three years at $0.135, subject to vesting provisions and in accordance with the
Company’s Omnibus Equity Share Plan.
Mr. Gill reports that he currently holds an aggregate of 596,000 common shares and 325,000
warrants/options of Lomiko Metals Inc., directly and indirectly. The above mentioned transaction
is subject to the approval of the regulatory authorities. This is an arm’s-length transaction.
The 2024 Omnibus Equity Incentive Plan’s objective is to create an incentive compensation program
that is aligned with the Company’s long-term objectives. Stock options, DSUs, RSUs and PSUs are
granted in accordance with Policy 4.4 – Security Based Compens ation of the TSX Venture
Exchange (the “Exchange”), the terms and conditions of the 2024 Omnibus Equity Incentive Plan
and the terms of the award agreement evidencing such equity compensation security.
RSUs: Each vested RSU can be redeemed for one fully paid and non -assessable common share of
Lomiko issued from treasury. RSUs are vested by January 24, 2026. The number of RSUs granted
was calculated based on the compensation to be paid to the director, as recommended by CCGNC
and approved by the Board, and was calculated using a price of $0.135 per common share.
DSUs: Each vested DSU can be redeemed for one fully paid and non- assessable common share of
Lomiko issued from treasury. For directors, the DSUs granted vest January 24, 2026, and are settled
on a director’s retirement from the board. The number of DSUs granted was calculated based on the
compensation to be paid to the director, as recommended by CCGNC and approved by the Board,
and was calculated using a price of $0.135 per common share.
Stock options: Stock options for management have a 5 year term from the grant date. The v esting
Schedule is as follows: equal instalments of one -third (1/3) on grant date, in year 1, the first
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anniversary of the grant date and in year 3, the third anniversary of the grant date. The exercise is
$0.135 per option.
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 totalling 4,528 hectares
(45.3 km2).
The La Loutre 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 m aterial
during high-temperature metamorphism.
Lomiko published an updated Mineral Resource Estimate (“MRE”) in a NI 43-101 Technical Report
and Mineral Resource Estimate Update for the La Loutre Project, Quebec, Canada, prepared by
InnovExplo on May 11th, 2023, 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.
The company also holds interest in seven early stage projects in southern Quebec including
Ruisseau, Tremblant, Meloche, Boyd, Dieppe, North Low and Carmin covering 328 claims in total
on 7 early-stage projects covering 18,622 hectares in the Laurentian region of Quebec and within
KZA territory.
On behalf of the Board,
Gordana Slepcev
CEO & President and Director, Lomiko Metals Inc.
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For more information on Lomiko Metals, review the website at www.lomiko.com.
Contact us at 1-833-4-LOMIKO or e-mail: [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 infor mation 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: expected timing of completion
of the closing conditions in connection with the acquisition and closing of the acquisition, expected
costs of exploration and timing to achieve certain milestones, 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).
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: the ability of the Company to meet the closing conditions of the acquisition, including
regulatory approval, and complete the transaction within the anticipated timing; ability to implement
its business strategy and to fund, explore, advance and develop each of its projects, including results
therefrom and timing thereof; uncertainties related to receiving and maintaining exploration,
environmental and other permits or approvals in Quebec; 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.sedarplus.ca, 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
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of this news release. No stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein.