Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the
“Company”) is pleased to announce that the Lomiko team represented
by Belinda Labatte, Bradley Barr and Cindy Valence were present in
the municipality of Duhamel as part of the ongoing information
sessions. Lomiko has previously announced a regular presence in the
municipalities, starting this summer, to be in proximity to local
communities with information sessions, the first being July 21 in
Duhamel. In addition to the BAPE process, this engagement is a
fundamental aspect to developing critical minerals projects in
Quebec and Canada and this session was organized by the Alliance –
the amalgamation of the municipalities of Lac-des-Plages, Duhamel,
Lac-Simon, Saint-Émile-de-Suffolk and Chénéville.
In addition to other panelists present, the Lomiko team
presented on how the La Loutre project fits into the Quebec battery
industry, information based on the preliminary economic study, its
development vision as well as means of collaboration enabling
citizens to learn about how community feedback is incorporated into
studies. Lomiko presented different participatory formulas very
early in the project process. Even though the project is at an
early stage, and Lomiko does not have all the responses for now,
Lomiko needs other studies to be done. The team is aware that the
La Loutre project raises questions, and its primary objective is to
answer them with the facts and insight into the studies needed and
government processes, including BAPE, as the cornerstone to energy
security and decarbonization projects in Canada.
Belinda Labatte, Chief Executive Officer and Interim Chair of
the Board of Directors, said: "Perspectives from various groups
were provided. Our role is to respond to all questions and keep the
channels of discussion open. The feedback we have received is
relevant and will guide our next steps. We look forward to
continuing our conversations, which we have regularly with the
community, investors, and others regarding the importance of
graphite in the region.”
Lomiko has already met with several stakeholders and will
continue to meet with them to discuss and receive recommendations
at each stage of the project's development.
At this presentation, available on our website, Lomiko presented
information regarding critical minerals, the mining development
process and regulatory environment and its upcoming exploration
activities which will include soil and rock sampling activities,
geophysical studies and electromagnetic studies on all properties
including La Loutre and the EV Zone in particular. These
non-invasive surface exploration activities will allow for the
targeting and definition of additional mineral zones.
Actions taken by Lomiko to date:
- Member of local Chamber of Commerce;
- Organized several face to face meetings with citizens;
- Initiated conversations regarding community led road access
studies, water management studies and noise studies for future
exploration;
- Met face to face with mayors and councillors across the region
and Provincial and Federal Ministries to introduce our vision for
responsible development of graphite;
- Provided regular updates to Kitigan Zibi First Nation;
- Provided regular updates to the local community on permitting
and exploration processes (before and when on site) and to Club des
12, local hunting lodge and the snowmobile association;
- Recorded and documented interactions with local community
members from community email, 1-800 number and in-person meetings;
established complaint management protocol;
- Achieved ECOLOGO certification;
- Completed noise monitoring study during drilling activities at
the Battery zone which is 1,000m from Lac Doré and local cottages.
Summary of the results published on our website;
- Listened to feedback regarding reclamation and closure and
waste rock location, for input into future studies.
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 totaling 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 April 13, 2023 Updated Mineral Resource
Estimate (MRE) 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 27th, 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
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 amount of funds
available to the Company; 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); the Company’s ability to complete the Private
Placement and the Consolidation, , 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240722991417/en/
Contact us at 1-833-4-LOMIKO or e-mail: info@lomiko.com.
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