Lomiko Metals Announces Annual General Special Meeting of
Shareholders, New Board Member Nominees and Corporate
Update
MONTREAL—Nov 8, 2021 - InvestorsHub NewsWire
-- Lomiko Metals
Inc. (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) ("Lomiko Metals" or the
"Company") is pleased to announce that its Annual General Special
Meeting (the "Meeting") will be held on Monday December 6, 2021 at
11:00 a.m. (Eastern Time). Due to the public health impact of the
coronavirus pandemic, also known as COVID-19, the meeting will be
held remotely to mitigate risks to the health and safety of our
community, shareholders, employees and other stakeholders; the
Company is conducting a virtual meeting of the shareholders of the
Company.
Shareholders
will not be able to attend the Meeting in person. Instead,
Registered Shareholders (as defined in the management information
circular dated November 4, 2021 filed on SEDAR (the "Circular")
under the headings "Appointment of Proxy" and "Revocation of
Proxies") and duly appointed proxyholders can virtually attend,
participate, vote or submit questions at the virtual Meeting online
by registering before December 3, 2021 at the following
link:
https://bit.ly/3nRCExD
After
registering by completing the online survey, you will receive a
confirmation email with access instructions.To ensure a smooth
process, the Company is asking registered participants to log in by
10:45 a.m. (Eastern time) on December 6, 2021.
In its
Circular and for shareholders as of the record date of October 22,
2021, the Company has announced the nomination of four new
independent directors to the board to support Lomiko Metals' vision
in becoming a high-growth critical minerals company.
To this
effect, the new directors being nominated to the board are highly
visionary and experienced in mining, critical minerals development
and business scaling. The board of directors will be majority
independent, majority female and with a female Lead Independent
Director, namely Ms. Anu Dhir. The new directors being nominated
are highly diverse in background, with Indigenous female
representation and representation in Quebec with three of four
directors fluent in French. We are pleased that A. Paul Gill is
nominated for re-election as Executive Chair. It is also of note
that our recently announced management team reflects our vision of
diversity in both gender and cultural background.
For more
information relating to the matters to be acted upon at the
Meeting, shareholders should refer to the Circular and the notice
of meeting filed on SEDAR under Lomiko Metals' profile at
www.sedar.com.
"Together we
represent a company with purpose: a people-first company where we
can manifest a world of abundant renewable energy with Canadian
critical minerals in North America," said Belinda Labatte, CEO and
Director. "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."
New director nominations
Anu Dhir: Ms.
Dhir is
co-founder of a technology company called
Wshingwell.
She is based
in Toronto, Canada. Wshingwell is a forprofit community
relationship platform that allows individuals, communities and
organizations to micro-fundraise around experiences and events.
Prior to starting Wshingwell,
Ms. Dhir
spent the last 20 years in the resources sector. Most recently she
was a co-founder and executive of
ZinQ Mining,
a private base metals and precious metals company that focuses on
the LatAm Region.
She also
spent many years associated with Katanga Mining Limited, where she
served as Vice President, Corporate Development and Company
Secretary. Ms. Dhir is a non-executive director of Golden Star
Resources Ltd. and Taseko Mines Limited. Ms. Dhir is a graduate of
the General Management Program (GMP) at Harvard Business School,
she has a law degree (Juris Doctor) from Quinnipiac University and
a Bachelor of Arts (BA) from the University of Toronto.
Sagiv Shiv: Mr. Shiv is
a Managing Director at B. Riley Securities based in New York City.
Prior to B. Riley's acquisition of National Securities, Mr. Shiv
was the Senior Managing Director and the head of the Advisory
Services Practice at National Securities Corp. Prior to National,
Mr. Shiv led the global M&A and Advisory Practice at INTL
FCStone Inc. and at Merriman Capital. Prior to entering investment
banking, Mr. Shiv served as Chief Financial Officer of three
multi-national diversified holding companies. At his last corporate
position, Mr. Shiv served as CFO of The Plastiflex Group, an
international manufacturing company, with 6,000 employees in 10
locations in eight countries. As CFO, Mr. Shiv led the acquisition,
integration, and divestiture of several businesses. He has also
served on the boards of several publicly-traded companies, as well
as on the boards of private entities and charities.
Dominique Dionne: Ms. Dionne
is an award winning communicator who has held high level positions
in the areas of public relations, government relations, and brand
management with major international companies. She is based in Lac
Supérieur, Quebec and is Francophone. She currently serves as a
Corporate Director on the boards of publicly listed companies and
not-for-profit organizations. Ms. Dionne chairs the board of
directors of Public Relations Without Borders, an international
cooperation organization. Until recently, she held the position of
Vice President, Public Affairs and Strategic Communications at PSP
Investments, one of Canada's largest pension investment managers.
Previously, she served as Vice President, Institutional and
International Relations at the Caisse de dépôt et placement du
Québec, where she was responsible for developing and implementing
strategies to position and ensure the Caisse's outreach, both
throughout Québec and at the national and international levels.
Prior to serving at the Caisse, she was Vice President, Public
Affairs, at Xstrata Nickel (now Glencore) and Vice President,
Communications, at Bombardier.
Lee Arden Lewis:
Ms. Lewis is
a status member of the Mohawks of the Bay of Quinte Tyendinaga
Mohawk Territory and based in Prince Edward County. Ms. Lewis is a
strategist who develops collaborative business models. A community
builder, Ms. Lewis is committed to the broadening of equitable and
productive work environments. Lee helped create Telesat's first
Broadbent portal for Indigenous people in North America. As the
Canadian Liaison for the Federal Communications Commission (FCC),
she oversaw digital policy innovations for Canadian and U.S.
governments including the launch of the first Aboriginal Canada web
portal and information technology training for Indigenous people
(ITTI). As consultant for Crown-Indigenous Relations and Northern
Affairs Canada (CIRNAC) Ms. Lewis produced projection reports on
the affects of the digital age on Indigenous cultures and
identified potential paths forward. Working with the Assembly of
First Nations (AFN) and the Aboriginal Traditional Knowledge Group,
Ms. Lewis served as a consultant for Canada Ontario Resource
Development Agreement Committee (CORDA), Environment Canada and
Canadian Wildlife Services addressing Species at Risk Act (SARA).
Ms. Lewis' work with the Navajo Heritage Program and the Aboriginal
Working Group brought together Indigenous Chiefs from Canada to the
Navajo Nation to share governance information. For over a decade
Ms. Lewis was the sole proprietor of Jackson's Falls Country Inn
and Indigenous restaurant in Prince Edward County,
Ontario.
Corporate Update
The Company
has updated its investor presentation and it is now available on
its website at
www.lomiko.com. It also
acknowledges and confirms that its previous consulting agreement
with Veritas Consulting Services initiated on March 12, 2021 was
terminated on July 15, 2021. Lomiko Metals also announces that it
is presenting at the upcoming Critical and Precious Metals Investor
Conference on November 10th
at 3pm
(Eastern Time).
About Lomiko Metals Inc.
Lomiko Metals
holds a 100% interest in its La Loutre graphite development in
southern Quebec. Located 180 kilometres northwest of Montreal, the
property consists of 1 large, continuous block with 42 minerals
claims totaling 2,509 hectares (25.1km2).
Lomiko Metals published a
Preliminary Economic Assessment ("PEA") on September 10,
2021 which
indicated the project had a 15 year mine life, US$406/tonne cost,
average graphite mill head grade of 7.44% Cg for the first eight
years; Life of Mine (LOM) average graphite mill head grade of 6.67%
Cg, average LOM recovery of 93.5% Cg, measured and indicated
resource at the base case cut-off grade of 1.5% Cg of 23,165 kt at
a 4.51% Cg grade for 1.04 Mt of graphite, inferred resource at the
base case cut-off grade of 1.5% Cg of 46,821 kt at a 4.01% Cg grade
for 1.89Mt of graphite. 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.
The company
also has an interest in the Bourier project 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, contact
Belinda Labatte at 647-402-8379 or email:
info@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 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 milestones, 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 effective
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; 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.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 secruties
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 stock exchange, securities
commission or other regulatory authority has approved or
disapproved the information contained herein.
On Behalf of
the Board,
"Belinda Labatte"
Chief
Executive Officer and Director