Lomiko Metals announces management transition and update on the 2024 Annual General Meeting materials amid Canada Post Strike
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Lomiko Metals announces management transition and update on the 2024
Annual General Meeting materials amid Canada Post Strike
December 9, 2024 – Montreal, Québec: Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals”
or the “Company”) is pleased to announce that effective December 19, 2024, Gordana Slepcev,
currently Chief Operating Officer, will assume the role of Chief Executive Officer and Belinda
Labatte remain as Executive Chair. The Company will not be replacing the Chief Operating
Officer role.
Belinda Labatte, CEO and Interim Chair of the Board remarked: “As partners with shared values
and vision for the growth of this business, Gordana and I see this change as the right leadership
for the current phase of development and growth of the business. I am pleased to transition my
role to Gordana Slepcev, and we are aligned with our shareholders invested in critical minerals
development and advancing our natural flake graphite deposit in Quebec as a responsible and
innovative developer. I look forward to working with the board and supporting the Company in
our next phase of growth.”
Gordana Slepcev is an operations-oriented leader with a proven track record in leading safe
mining operations and creating value at all stages of mining development, she has demonstrated
success in leading grant processes at all levels of government, bringing in non-dilutive capital to
support project development.
Gordana Slepcev, M.Sc.P. Eng, brings over 25 years of proven operational experience to the
role. She is a Professional Mining Engineer registered in Ontario with the global mining
experience in developing, building, and leading safe and community friendly mining operations.
Ms. Slepcev’s extensive experience spans multiple commodities, including gold, base metals,
coal, and industrial minerals. She brings considerable experience in mineral exploration,
permitting, corporate and regulatory/First Nations/ Indigenous relations, and project financing to
Lomiko. Before joining the Company, Ms. Slepcev held the position of COO for BMSI, a
privately held company based in Newfoundland, where she was responsible for restarting the
barite reprocessing facility, mitigating historical environmental impacts, and overseeing EPCM
contractors. She also formerly held the role of COO of Anaconda Mining, where she was
responsible for the company’s operations and development of the Goldboro project. Ms. Slepcev
graduated from the University of Belgrade with a M.Sc. and is the past Chair of the Toronto
Chapter of the Canadian Institute of Mining, Metallurgy, and Petroleum (CIM). She is a WTPEO
Vice Chair and committee member and a member of the Advisory Board of the OreBit platform.
The Board will continue to promote inclusive, creative and innovative approaches to responsible
critical minerals development.
Annual General Meeting
Lomiko invites registered shareholders to attend the Company’s Annual General Meeting for an
overview of Lomiko’s progress and investor relations efforts, market conditions and next phase
of growth on December 19, 2024.
In light of the Canada Post strike, investors can vote their shares by completing their proxy
document. All materials are located on the Company’s website at: https://lomiko.com/2024-
agm/annual-general-meeting-2024/ a nd for further information, shareholders can email
The information on how to vote is in the BLANK Voting instruction form on page 2 and located
on the Company’s website at https://lomiko.com/wp-content/uploads/2024/11/AGM-Form-of-
Proxy-FINAL.pdf.
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 tota lling 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 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 6 4.7 million tonnes of Indicated
Mineral Resources averaging 4.5 9% 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.
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 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 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 total
gross proceeds of the Offering, the use of proceeds of the Offering, the timing and successful completion
of the Offering; 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);, 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.
The FLI in this news release 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 Company’s, ability to
implement its overall business strategy and to fund, explore, advance and develop each of its projects,
including results therefrom and timing thereof , the impact of increasing competition in the mineral
exploration business, including the Company’s competitive position in the industry, and 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 o n SEDAR+ at www.sedarplus.ca. 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 such forward-looking
information. The Company does not undertake to update or revise any 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.