Lomiko Metals joins Accelerate Alliance

Jan 5, 2022

2022-01-04 16:47 ET – News Release


Ms. Belinda Labatte reports


Lomiko Metals Inc. has provided the following corporate updates as it builds on the significant momentum of its 2021 activities.

Belinda Labatte, CEO, stated: “We are pleased to start the year as the newest member of The Accelerate Alliance, committed to creating the collaborations necessary for a zero-emission vehicle supply chain in Canada. We need to be part of the conversation on manifesting a Made-in-Canada solution for the full spectrum of suppliers to the electric vehicle economy. Being a people-first and community-friendly company, we look forward to adding our voice to the conversation and representing the interests of Quebec and Canada with this alliance, and meeting the challenges and opportunities for upstream critical minerals enterprises.”

Ms. Labatte continued, “Having recently closed our $2.1M flow-through financing, we also look forward to working with Kim Darlington and her team at Refined Substance on our investor relations and corporate communications efforts in 2022 as the Company advances the development of the La Loutre graphite project with drilling, baseline and engineering studies, and community engagement work.”

Participation in The Accelerate Alliance

Lomiko is starting 2022 as a member of The Accelerate Alliance, a national initiative aligning members on policies and programs to accelerate the development of the Zero-Emission Vehicle (ZEV) supply chain. We are pleased to be represented alongside the entire upstream and downstream critical minerals and automotive sector and become a meaningful partner in the development of an industrial roadmap to build out Canada’s zero-emission vehicle and infrastructure supply chains. Among various initiatives and priorities of The Accelerate Alliance, Lomiko looks forward to promoting the benefits of a Canadian ZEV supply chain to the public and to the communities in which it operates.

Matthew Fortier, President and CEO of Accelerate said: “We are very happy that Lomiko Metals has joined Accelerate. The company’s commitment to partnering with communities and representing Quebec and Canadian interests at all levels of its organization, and to developing Canada’s critical minerals and creating a new energy future, aligns with our cross-sectoral and cross-regional approach to building and integrating our country’s zero-emission vehicle supply chain.”

Investor relations representation and updated presentation

Lomiko has retained the services of Refined Substance Inc., principally owned by Kimberly Darlington, to provide investor relations representation and communications advisory services to the company in English and French. Refined Substance is a Montreal-based communications and marketing firm that provides communications and marketing services to the mining industry. Refined Substance will expand and augment Lomiko’s vision and strategy to investors and to the public at large within our direct communities where we operate, and larger communities of investors in critical minerals, sustainability and energy transition.

Under the terms of the agreement, Refined Substance will provide investor relations services, including press release preparation and distribution, management of investor inquiries, public and media relations outreach, and other communications services for Lomiko. Compensation will be $7,000 monthly, payable in cash to Refined Substance Inc. There are no performance factors contained in the agreement. The agreement is effective January 1, 2022 and may be terminated upon 30 days’ notice. Refined Substance and the Company are arm’s-length parties.

The Company’s updated investor presentation and website can be found on www.lomiko.com.

About Lomiko Metals Inc.

Lomiko Metals has a new vision and 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. 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.

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.

We seek Safe Harbor.


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