MONTREAL–(BUSINESS WIRE)–Lomiko Metals (OTC:) Inc. (TSX.V: LMR) (Lomiko Metals or the Firm) is happy to announce that efficient December 19, 2024, Gordana Slepcev, at present Chief Working Officer, will assume the position of Chief Government Officer and Belinda Labatte stay as Government Chair. The Firm is not going to be changing the Chief Working Officer position.
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 correct management for the present part of growth and development of the enterprise. I’m happy to transition my position to Gordana Slepcev, and we’re aligned with our shareholders invested in vital minerals growth and advancing our pure flake graphite deposit in Quebec as a accountable and progressive developer. I sit up for working with the board and supporting the Firm in our subsequent part of development.
Gordana Slepcev is an operations-oriented chief with a confirmed monitor report in main protected mining operations and creating worth in any respect levels of mining growth, she has demonstrated success in main grant processes in any respect ranges of presidency, bringing in non-dilutive capital to help challenge growth.
Gordana Slepcev, M.Sc.P. Eng, brings over 25 years of confirmed operational expertise to the position. She is a Skilled Engineer registered in Ontario with the worldwide mining expertise in creating, constructing, and main protected 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 challenge financing to Lomiko. Earlier than becoming a member of the Firm, Ms. Slepcev held the place of COO for BMSI, a privately held firm primarily based in Newfoundland, the place she was chargeable for restarting the barite reprocessing facility, mitigating historic environmental impacts, and overseeing EPCM contractors. She additionally previously held the position of COO of Anaconda Mining, the place she was chargeable for the corporate’s operations and growth of the Goldboro challenge. 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, inventive and progressive approaches to accountable vital 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 part of development on December 19, 2024.
In gentle of the Canada Publish strike, buyers can vote their shares by finishing their proxy doc. All supplies are situated on the Firm’s web site at: https://lomiko.com/2024-agm/annual-general-meeting-2024/ and for additional info, shareholders can electronic mail data@lomiko.com.
The knowledge on how to vote is within the BLANK Voting instruction kind on web page 2 and situated on the Firm’s web site at https://lomiko.com/wp-content/uploads/2024/11/AGM-Kind-of-Proxy-FINAL.pdf.
About Lomiko Metals Inc.
The Firm holds mineral pursuits in its La Loutre graphite growth in southern Quebec. The La Loutre challenge website is throughout 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 throughout the Outaouais and Laurentides areas.‹ Situated 180 kilometers northwest of Montreal, the property consists of 1 giant, 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 underneath circumstances that have 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 Venture, Quebec, Canada, ready by InnovExplo on Might eleventh, 2023, which estimated 64.7 million tonnes of Indicated Mineral Sources averaging 4.59% Cg per tonne for 3.0 million tonnes of graphite, a tonnage enhance of 184%. Indicated Mineral Sources elevated by 41.5 million tonnes on account of the 2022 drilling marketing campaign, from 17.5 million tonnes in 2021 MRE with extra Mineral assets reported down-dip and inside marble items resulted within the addition of 17.5 million tonnes of Inferred Mineral Sources 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 Sources 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 price 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 Venture from Important Components Lithium Company as per the choice settlement introduced on April twenty seventh, 2021. The Bourier challenge website is situated close to Nemaska Lithium and Important 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.
On behalf of the Board,
Belinda Labatte
CEO and Director, Lomiko Metals Inc.
For extra info on Lomiko Metals, assessment the web site at www.lomiko.com.
Contact us at 1-833-4-LOMIKO or e-mail: data@lomiko.com.
Cautionary Be aware Concerning Ahead-Trying Info
This information launch incorporates “forward-looking information” throughout the which means of the relevant Canadian securities laws that’s primarily based on expectations, estimates, projections and interpretations as on the date of this information launch. The knowledge on this information launch concerning the Firm; and every other info herein that isn’t a historic reality could also be “forward-looking information” (FLI). All statements, aside from statements of historic reality, are FLI and could be recognized by way of statements that embody phrases reminiscent of “anticipates”, “plans”, “continues”, “estimates”, “expects”, “may”, “will”, “projects”, “predicts”, proposes, “potential”, “target”, “implement”, scheduled, “intends”, “could”, “might”, “should”, “believe” and comparable phrases or expressions. FLI on this new launch consists of, however will not be restricted to: the full gross proceeds of the Providing, using proceeds of the Providing, the timing and profitable completion of the Providing; the Firm’s capability 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 entails recognized and unknown dangers, assumptions and different components which 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 of affordable by the Firm at the moment, 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 relies embody, with out limitation: the Firm’s, capability to implement its general 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 basic financial circumstances, together with in relation to forex controls and rate of interest fluctuations.
The FLI contained on this information launch are expressly certified of their entirety by this cautionary assertion, the Ahead-Trying Statements part contained within the Firm’s most up-to-date administration’s dialogue and analysis (MD&A), which is out there 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 mustn’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.
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1-833-4-LOMIKO or e-mail: data@lomiko.com
Supply: Lomiko Metals Inc.