Lomiko Metals Announces Its Presence and Continued Commitment to Engaging With Communities Around the La Loutre Project
It is in this spirit that the team will be present in the region to participate in several engagement activities with citizens, with the purpose to share the vision of the company and to provide accurate information about the project. Lomiko's role as a corporate citizen is to help communities understand the project, answer questions, receive and discuss concerns in a transparent and open manner, and collaborate in the exchange of ideas and recommendations to develop a successful, sustainable net zero climate project for future generations.
Highlights of award and funding announced
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The recent
U.S. and Canadian government funding support is part of the bilateral relationship betweenCanada and theU.S. , and forms part of theEnergy Transformation Task Force (ETTF) announced inAugust 2022 . This supports innovation in critical minerals projects with the aim of securing the North American energy supply chain and decarbonization. -
The
Department of Defense ("DoD ") Technology Investment Agreement ("TIA") is specifically designed to support the ongoing scientific research and development and environmental studies of the La Loutre graphite project, in accordance with Lomiko's vision and values, and in compliance with all Canadian andQuebec regulations and procedures, including the Bureau d'audiences publiques sur l'environnement (BAPE). -
All metallurgical studies within the framework of the
Natural Resources Canada contribution andDoD grant are aimed at furthering studies into the transformation of the natural graphite product into an anode material, i.e. the negative pole of the battery. In particular, Lomiko is currently pursuing research into spherical graphite production and testing in partnership withCorem , theQuebec -based center of expertise and innovation in mineral processing,National Research Council , also based inQuebec and Polaris, based in theUSA . On the basis of the results obtained to date, and the recommendations from previous studies, Lomiko plans to continue testing with our partners. - The studies include all best practice environmental studies including the integration of a decarbonized mine and progressive reclamation model with independent experts. These studies will provide a better understanding of the environment and the project, and enable the Company to engage with the community at all stages of development.
With this in mind, Lomiko’s commitments are as follows:
- A new resource on the Lomiko team in the form of a Chief Sustainability Officer in the Laurentians, who will be present at all activities.
- A regular presence in the municipalities, starting this summer, to be in proximity to local residents.
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Summer information sessions in the region's municipalities, the first being
July 21 inDuhamel . - In addition to several ongoing meetings with partners, citizens and elected officials, Lomiko will continue to engage with various organizations and groups, as well as community members from the Kitigan Zibi First Nation.
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Direct engagement with stakeholders in
Quebec , and our partners in the province and acrossCanada .
Lomiko's activities will be shared on various official communication sources such as social media and the website. Citizens can continue to communicate by e-mail at communaute@lomiko.com or contact Cindy Valence, Chief Sustainability Officer by telephone or text message at: 819-808-4043.
About
The Company holds mineral interests in its La Loutre graphite development in southern
The Property is underlain by rocks from the
In addition to La Loutre, Lomiko has earned-in its 49% stake in the
On behalf of the Board,
CEO and Director,
For more information on
For more information, contact 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 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, and statements relating to the intended use of proceeds of the Offering and the receipt of final acceptance of the
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20240617364930/en/
For all media requests
Cindy Valence
Chief Sustainability Officer
c.valence@lomiko.com
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