Lomiko Announces Omnibus Plan Share Unit, Stock Option Grants and Corporate Update
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Lomiko Announces Omnibus Plan Share Unit, Stock Option Grants and Corporate Update
Montreal, Québec – February 7, 2022 - Lomiko Metals Inc. (TSX.V: LMR) (the “Company” or
“Lomiko”) is announc ing the grant of stock options , restricted share units (“RSUs”) and
performance share units (“PSUs”) to management as part of a short and long -term incentive
program as determined by the Board , and RSUs and d eferred share units (“DSUs”) to the Board
in accordance with the Company’s 2021 Omnibus Equity Incentive Plan adopted at the Annual
General Meeting (“AGM”).
Awards under the 2021 Omnibus Equity Incentive Plan
The Board has approved the grant of an aggregate of 4,666,667 RSUs, 800,000 PSUs, 3,428,571
DSUs, and 2,000,000 stock options to the directors and management of the Company. The 2021
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
Compensation of the TSX Venture Exchange (the “Exchange”) and the terms and conditions of
the 2021 Omnibus Equity Incentive Plan.
RSUs and PSUs: Each vested RSU/PSU can be redeemed for one fully paid and non -assessable
common share of Lomiko issued from treasury. For management, the RSUs and PSUs granted will
vest upon the achievement of certain key performance indicators as determined by the Board ,
vesting not before February 7, 2023. For directors, the RSUs are vested by February 7, 2023. The
number of RSUs /PSUs granted was calculated by using the closing market price of Lomiko’s
common shares on the Exchange as at February 4, 2022.
DSUs: Each vested DSU can be redeemed for one fully paid and non-assessable common share of
Lomiko issued from treasury . For directors, t he DSUs granted vest on February 7 , 2023. The
number of DSUs granted was calculated based on the compensation that is to be paid to the
director, as determined by the Board, by (ii) the closing market price of Lomiko’s common shares
on the Exchange as at February 4, 2022.
Stock options: Stock options to management were granted with a 5-year term in accordance with
the following vesting schedule: 1/3 of the stock options vesting on the date of grant ; 1/3 of the
stock options vesting the year following the grant date; and the remaining 1/3 of the options vesting
three years following the grant date . The exercise price is $0.07 per common share , which
represents the closing market price of Lomiko’s common shares on the Exchange as at February
4, 2022.
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Corporate Updates
In addition to his role as Chief Financial Officer of Lomiko, Vince Osbourne has been appointed
as Corporate Secretary of Lomiko, effective today.
Further to the press release issued dated January 19, 2022 in which Lomiko announced the closing
of a non-brokered private placement, the Company has updated the closing of its financing for
gross proceeds of $1,516,000 through the issue of 18,950,000 units at a price of $0.08 per unit.
Each unit will consist of one common share and one warrant exercisable for five years at $0.11.
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
(28.7km2). 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 Ausen co
Engineering Canada Inc., Hemmera Envirochem Inc., Moose Mountain Technical Services, and
Metpro Management Inc., collectively the Report Authors.
Lomiko is working with Critical Elements Lithium Corporation to earn its 70% stake in the Bourier
lithium project, as per an option agreement announced April 27, 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.
Mr. Mike Petrina, Project Manager, a Qualified Person under National Instrum ent 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
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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 criti cal 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 fund ed 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 op erations, 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 fu ture 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, ad vance 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 Q uebec; 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 o r other
regulatory authority has approved or disapproved the information contained herein.
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On behalf of the Board,
Belinda Labatte
CEO and Director, Lomiko Metals Inc.
For investor inquiries, please contact:
Kimberly Darlington
Investor Relations, Lomiko Metals Inc.
514-771-3398