Lomiko Metals announces results of the 2024 Annual General Meeting and appointment of CEO to the board of directors
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Lomiko Metals announces results of the 2024 Annual General Meeting and
appointment of CEO to the board of directors
December 20th, 2024 – Montreal, Québec: Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko
Metals” or the “Company”) is pleased to announce that on December 19, 2024, shareholders
approved all the resolutions put forth at the Annual and Special Meetings of Shareholders.
The number of Directors was set at four and each of the following individuals was elected as
directors of the Company: Belinda Labatte, Dominique Dionne, Lee Arden Lewis and Mary
Juetten.
In addition, subsequent to the meeting, the Board of Directors appointed Belinda Labatte as
Executive Chair of the Board, Dominique Dionne as Lead Independent Director, Dominique
Dionne as Chair of the CCG&C Committee and Mary Juetten as Chair of the Audit Committee.
The Board also appointed Gordana Slepcev as President and CEO, and director to the Board and
Jacqueline Michells as the CFO.
The Company is pleased that Mary Juetten, CA, CPA, Esq., GCB.D, CDI.D, CCB.D has been
elected o the board of directors (the “Board”). Ms. Juetten is an accomplished executive and
entrepreneur with 30+ years of experience in board, advisory, and committee roles and
experience in international mine finance. Ms. Juetten brings to the Board decades of international
experience managing comprehensive portfolios across diverse industries including engineering
and construction, natural resources and technology, as well as project execution consulting for
international clients. Lomiko is pleased to have been introduced to Mary Juetten through
collaboration with the Femina Collective.
The appointment of Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional
Accountants, as the auditors of the Company, and the authorization for the directors to fix the
remuneration to be paid to the auditors, was approved. The 2024 Omnibus Incentive Plan was re-
approved.
Interested shareholders can view the Company’s Investor presentation at the following link:
https://lomiko.com
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 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 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.
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 on 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.