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Revealed Dec 09, 2024 • 6 minute learn
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MONTREAL — Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the “Firm”) is happy to announce that efficient December 19, 2024, Gordana Slepcev, at the moment Chief Working Officer, will assume the function of Chief Government Officer and Belinda Labatte stay as Government Chair. The Firm is not going to be changing the Chief Working Officer function.
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Belinda Labatte, CEO and Interim Chair of the Board remarked: “As companions with shared values and imaginative and prescient for the expansion of this enterprise, Gordana and I see this modification as the best management for the present section of growth and development of the enterprise. I’m happy to transition my function to Gordana Slepcev, and we’re aligned with our shareholders invested in important minerals growth and advancing our pure flake graphite deposit in Quebec as a accountable and revolutionary developer. I stay up for working with the board and supporting the Firm in our subsequent section of development.”
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Gordana Slepcev is an operations-oriented chief with a confirmed observe document in main secure mining operations and creating worth in any respect phases of mining growth, she has demonstrated success in main grant processes in any respect ranges of presidency, bringing in non-dilutive capital to help venture growth.
Gordana Slepcev, M.Sc.P. Eng, brings over 25 years of confirmed operational expertise to the function. She is a Skilled Mining Engineer registered in Ontario with the worldwide mining expertise in growing, constructing, and main secure and neighborhood pleasant mining operations. Ms. Slepcev’s intensive expertise spans a number of commodities, together with gold, base metals, coal, and industrial minerals. She brings appreciable expertise in mineral exploration, allowing, company and regulatory/First Nations/ Indigenous relations, and venture financing to Lomiko. Earlier than becoming a member of the Firm, Ms. Slepcev held the place of COO for BMSI, a privately held firm based mostly in Newfoundland, the place she was liable for restarting the barite reprocessing facility, mitigating historic environmental impacts, and overseeing EPCM contractors. She additionally previously held the function of COO of Anaconda Mining, the place she was liable for the corporate’s operations and growth of the Goldboro venture. Ms. Slepcev graduated from the College of Belgrade with a M.Sc. and is the previous 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 proceed to advertise inclusive, artistic and revolutionary approaches to accountable important minerals growth.
Annual Normal Assembly
Lomiko invitations registered shareholders to attend the Firm’s Annual Normal Assembly for an outline of Lomiko’s progress and investor relations efforts, market circumstances and subsequent section of development on December 19, 2024.
In gentle of the Canada Put up strike, traders can vote their shares by finishing their proxy doc. All supplies are positioned on the Firm’s web site at: https://lomiko.com/2024-agm/annual-general-meeting-2024/ and for additional info, shareholders can e mail information@lomiko.com.
The knowledge on methods to vote is within the BLANK Voting instruction type on web page 2 and positioned on the Firm’s web site at https://lomiko.com/wp-content/uploads/2024/11/AGM-Type-of-Proxy-FINAL.pdf.
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About Lomiko Metals Inc.
The Firm holds mineral pursuits in its La Loutre graphite growth in southern Quebec. The La Loutre venture web site is inside the Kitigan Zibi Anishinabeg (KZA) First Nation’s territory. The KZA First Nation is a part of the Algonquin Nation, and the KZA conventional territory is located inside the Outaouais and Laurentides areas. Positioned 180 kilometers northwest of Montreal, the property consists of 1 massive, steady 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 Protect. The Grenville was shaped beneath circumstances that had been very favorable for the event of coarse-grained, flake-type graphite mineralization from organic-rich materials throughout high-temperature metamorphism.
Lomiko Metals revealed an up to date Mineral Useful resource Estimate (MRE) in a NI 43-101 Technical Report and Mineral Useful resource Estimate Replace for the La Loutre Challenge, Quebec, Canada, ready by InnovExplo on Might eleventh, 2023, which estimated 64.7 million tonnes of Indicated Mineral Assets averaging 4.59% Cg per tonne for 3.0 million tonnes of graphite, a tonnage enhance of 184%. Indicated Mineral Assets elevated by 41.5 million tonnes because of the 2022 drilling marketing campaign, from 17.5 million tonnes in 2021 MRE with further Mineral assets reported down-dip and inside marble items resulted within the addition of 17.5 million tonnes of Inferred Mineral Assets averaging 3.51% Cg per tonne for 0.65 million tonnes of contained graphite; and the extra 13,107 metres of infill drilling in 79 holes accomplished in 2022 mixed with the refinement of the deposit and structural fashions contributed to the addition of many of the Inferred Mineral Assets to the Indicated Mineral Useful resource class, relative to the 2021 Mineral Useful resource Estimate. The MRE assumes a US$1,098.07 per tonne graphite worth and a cut-off grade of 1.50% Cg (graphitic carbon).
Along with La Loutre, Lomiko has earned-in its 49% stake within the Bourier Challenge from Crucial Components Lithium Company as per the choice settlement introduced on April 27th, 2021. The Bourier venture web site is positioned close to Nemaska Lithium and Crucial Components south-east of the Eeyou Istchee James Bay territory in Quebec, which consists of 203 claims for a complete floor place of 10,252.20 hectares (102.52 km2), in Canada’s lithium triangle close to the James Bay area of Quebec that has traditionally housed lithium deposits and mineralization traits.
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On behalf of the Board,
Belinda Labatte
CEO and Director, Lomiko Metals Inc.
For extra info on Lomiko Metals, overview the web site at www.lomiko.com.
Contact us at 1-833-4-LOMIKO or e-mail: information@lomiko.com.
Cautionary Notice Relating to Ahead-Wanting Data
This information launch incorporates “forward-looking info” inside the that means of the relevant Canadian securities laws that’s based mostly on expectations, estimates, projections and interpretations as on the date of this information launch. The knowledge on this information launch in regards to the Firm; and every other info herein that’s not a historic truth could also be “forward-looking info” (“FLI”). All statements, aside from statements of historic truth, are FLI and could be recognized by way of statements that embrace phrases reminiscent of “anticipates”, “plans”, “continues”, “estimates”, “expects”, “could”, “will”, “initiatives”, “predicts”, “proposes”, “potential”, “goal”, “implement”, “scheduled”, “intends”, “might”, “may”, “ought to”, “consider” and related phrases or expressions. FLI on this new launch consists of, however isn’t restricted to: the overall gross proceeds of the Providing, the usage of proceeds of the Providing, the timing and profitable completion of the Providing; the Firm’s skill to efficiently fund, or stay totally funded for the implementation of its enterprise technique and for exploration of any of its initiatives (together with from the capital markets);, and the anticipated timing of bulletins on this regard. FLI includes identified and unknown dangers, assumptions and different components that will trigger precise outcomes or efficiency to vary materially.
The FLI on this information launch displays the Firm’s present views about future occasions, and whereas thought-about cheap by the Firm right now, are inherently topic to vital uncertainties and contingencies. Accordingly, there could be no certainty that they may precisely mirror precise outcomes. Assumptions upon which such FLI is predicated embrace, with out limitation: the Firm’s, skill to implement its total enterprise technique and to fund, discover, advance and develop every of its initiatives, together with outcomes therefrom and timing thereof, the influence of accelerating competitors within the mineral exploration enterprise, together with the Firm’s aggressive place within the business, and common financial circumstances, together with in relation to forex controls and rate of interest fluctuations.
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The FLI contained on this information launch are expressly certified of their entirety by this cautionary assertion, the “Ahead-Wanting Statements” part contained within the Firm’s most up-to-date administration’s dialogue and evaluation (MD&A), which is accessible on SEDAR+ at www.sedarplus.ca. All FLI on this information launch are made as of the date of this information launch. There could be no assurance that such statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on such forward-looking info. The Firm doesn’t undertake to replace or revise any forward-looking info contained herein to mirror new occasions or circumstances, besides as could also be required by relevant securities legal guidelines.
Neither the TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this information launch.
View supply model on businesswire.com: https://www.businesswire.com/information/house/20241209486064/en/
Contacts
1-833-4-LOMIKO or e-mail: information@lomiko.com
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