Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the
“Company”) reaffirms its vision to embrace Indigenous people and
Indigenous values within our projects, to develop a sustainable
approach on our path to critical minerals development, while
honouring the lives, memories, and hopes of all seven generations
close.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20221220005776/en/
Voices at the Table, Kirk Brant, 2022
(Photo: Business Wire)
The projects where Lomiko has natural flake graphite claims,
namely La Loutre and surrounding claims, are located within the
traditional land of the Kitigan Zibi Anishinabeg (KZ) First
Nation’s territory. The KZ First Nation is part of the Algonquin
Nation and the traditional KZ territory is situated within the
Outaouais and Laurentides regions. The Bourier lithium project site
is located near Nemaska Lithium and Critical Elements, south-east
of the Eeyou Istchee James Bay territory and within the traditional
land of the Cree Eeyou Istchee Peoples.
Belinda Labatte, CEO and Director: “Just over twelve months ago,
we embarked on our journey to listen and learn from First Nations,
and work toward our vision of climate success stories that are
inclusive, and respect community values. Our first step was the
development of a land acknowledgement, and today we take the
opportunity to recognize that we are operating on KZ traditional
land, were we retain mineral rights. This distinction, from land
ownership, is now reflected in all our materials.
We thank Independent Director Lee Arden Lewis, status member of
the Mohawks of the Bay of Quinte Tyendinaga Mohawk Territory, and
Advisor, Anne Chabot, strategic advisor to management on our work
with KZ First Nation, for their guidance and support.
Lomiko further recognizes Reconciliation and supports the
Canadian Critical Minerals strategy (available here:
https://www.canada.ca/en/campaign/critical-minerals-in-canada/canadian-critical-minerals-strategy.html#a54).
Lomiko commits to Call to Action #92 of the Truth and
Reconciliation Commission of Canada, which calls upon the corporate
sector to:
- commit to meaningful consultation and seek the free and
informed consent of Indigenous peoples prior to any economic
development projects;
- ensure equitable access to jobs, education and training and
ensure that Indigenous communities gain long-term sustainable
benefits from economic development projects;
- Educate management and staff on the legacy and history of
Indigenous people, and on UNDRIP, treaties and Aboriginal rights,
Indigenous law, human rights and anti-racism.
In this past year: we have engaged with First Nations leaders
and colleagues to better understand how we can do better as we
build Lomiko; we held a reception in Montreal, Quebec “Voices at
the Table” to talk about critical minerals development from a First
Nations perspective; we commissioned artwork from a Mohawk artist
to visually show our commitments; and we continue to talk to
students and other Canadians about the importance of Indigenous and
First Nations-led processes, for the future of our industry.”
The full artist statement can be seen on the company’s website
at: https://lomiko.com/la-loutre-community-updates/.
Lomiko has a vision and purpose: we are a people-first company,
and believe we can manifest a world of abundant renewable energy
with Canadian and Quebec critical minerals, for a solution in North
America. Lomiko is ECOLOGO certified and seeks to be a responsible
operator of choice in Quebec.
About Lomiko Metals Inc.
Lomiko Metals has a new vision and a new strategy in new energy.
Lomiko represents a company with a 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. Lomiko is ECOLOGO certified.
The Company holds mineral interests in its La Loutre graphite
development in southern Quebec. The La Loutre project site is
located within the Kitigan Zibi Anishinabeg (KZA) First Nation
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 kilometres northwest of Montreal,
the property consists of 1 large, continuous block with 76 minerals
claims totaling 4,528 hectares (45.3 km2). 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 and south-east
of the Eeyou Istchee James Bay territory in Quebec and within the
traditional land of the Cree Eeyou Istchee Peoples. It 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 (“QP”)
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 at 1-833-456-6456 or
1-833-4-LOMIKO 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 satisfactory
completion of due diligence and ability to reach an agreement with
third party owners in connection with projected acquisitions,
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: potential of future
acquisitions presently evaluated by the Company; current market for
critical minerals; current technological trends; the business
relationship between the Company, local communities 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; 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
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. No stock exchange, securities
commission or other regulatory authority has approved or
disapproved the information contained herein.
On behalf of the Board, Belinda Labatte CEO and Director, Lomiko
Metals Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20221220005776/en/
For more information, please contact:
Lomiko Metals Inc. info@lomiko.com 1-833-4-LOMIKO
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