Lomiko Updates Private Placement
#439, 7184 120th Street, Surrey, BC, V3W 0M6● Ph: (778) 228- 1170 ● Fax: (604) 583-1932 ● Website: www.lomiko.com
Lomiko Updates Private Placement
Montreal, Quebec – January 14, 2022 – Further to the press release dated January 7, 2022, Lomiko Metals Inc.
(TSX.V: LMR) (“Lomiko Metals” or the “Company”) , subject to the approval of the TSX Venture Exchange for a
non-brokered private placement, has updated the closing of its financing for gross proceeds of $1,666,000 through
the issue of 20,825,000 units (“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.
The closing of the private placement is subject to the completion of formal documentation and the approval of the
TSX Venture Exchange.
Finder fees and commissions may be paid in accordance with the TSX policies.
Proceeds of the private placement will be used for working capital.
Insiders of the Company have subscribed for 1,375,000 Units. As such, this participation constitutes a “related party
transaction” as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special
Transactions (“MI 61- 101”). Such participation is exempt from the formal valuation and minority shareholder
approval requirements of MI 61-101 as neither the fair market value of the Units acquired by the insiders nor the
consideration for the Units paid by such insiders, exceed 25% of the Company’s market capitalization. The Company
did not file a material change report 21 days prior to the closing date of this private placement as details of the
respective participation of such insiders in the Offering was unknown at such time.
All securities to be issued will be subject to a four-month plus one day hold period from the date of issuance.
About Lomiko Metals Inc.
Lomiko Metals has a new vision an d 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 Ausenco 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 towards earning its 70% stake in the Bourier Project
as per the options agreement announced on April 27th, 2021. The Bourier project site is located near Nemaska Lithium
2
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 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 or contact us at [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 expre ssions. FLI in this new 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 mil estones, 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 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:
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, advance and develop each of its
projects, including results therefrom and timing thereof; the ability to operate in a safe and e ffective manner;
uncertainties 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 st atement, 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
3
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
514-771-3398