Graphite

Lomiko Metals Inc. (TSX.V: LMR) ("Lomiko Metals" or the "Company") is pleased to announce the third round of analytical results from the infill and extension exploration drill program at its wholly-owned La Loutre Graphite property, located approximately 180 kilometres northwest of Montréal in the Laurentian region of Québec. The La Loutre graphite project site is located within the Kitigan Zibi Anishinabeg (KZA) First Nations territory. The drilling was supervised by Québec-based, independent geological consultant Breakaway Exploration Management Inc. and was operated under ECOLOGO requirements and compliance protocols, as Lomiko is ECOLOGO certified. Please see the press release issued on March 23, 2022 for more details about Lomiko's ECOLOGO certification.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220928005630/en/

Figure 1: EV Zone Drill Hole Locations

Figure 1: EV Zone Drill Hole Locations

Belinda Labatte, CEO and Director stated: "Our team is very excited to see that the results from the 14 holes drilled at the northern end of the EV Zone in 2022 demonstrate strong graphite mineralization over significant widths. Many holes intersected high grades over 110-to-120-metre intervals. The number of holes confirms the potential of this area for additional graphite resources. We look forward to more results in the next 21 holes in the EV zone which will be released as more assays are received. Our vision is to become a responsible operator and part of a climate success story in Southern Quebec."

Highlights

  • First initial drill results from the northern part of EV Zone show very thick mineralization zones with high grades in 8 out of 10 mineralized holes (please see table below).
  • Several wide intervals of near-surface, high-grade flake graphite mineralization including 11.02% Cg over 120.00m from 32.0 to 152.0m in hole LL-22-032 including 48.0m at 15.58% Cg from 50.0 to 98.0m.
  • Second best result of 8.73% Cg over 110.5m from 81.5 to 192.0m in hole LL-22-019 Including 69.0m at 12.09% Cg from 102.5 to 171.5m
  • Numerous intersections remain open; additional assay results pending including holes LL-22-022, -024, 025, -026, -029, -030, -032 and -033
  • Northeastern limit of graphite mineralization defined with holes LL-22-27& LL-22-028
  • EV Zone shows a robust trend and remains open to the northwest in holes LL-22-019 & LL-22-022

The drill program at La Loutre was initiated on May 15, 2022, with the goal to further define the deposit, provide the data needed to increase confidence in the mineral resource and build on the results of the positive Preliminary Economic Assessment for the La Loutre project as announced in the Company's July 29, 2021, press release (see link). Lomiko has retained InnovExplo Inc, a Quebec-based independent consulting firm specializing in geology, resource estimation, mining engineering and sustainable development, to prepare an updated NI 43-101 compliant resource estimate for the La Loutre project following the completion of the 2022 drill program.

The assay results reported in this press release are for the 14 holes drilled at the north end of the EV Zone. These holes were drilled to determine the northern extent of the graphite mineralization, confirm the results of the previous drilling, and provide better detail of the EV Zone in this part of the deposit. Please refer to Table 1 for the weighted average graphitic carbon-bearing drill intersections (not true thickness) and Table 2 and Figure 1 for the collar locations referred to in this press release. These results are in addition to the assay results for eighteen holes announced in Lomiko's press releases dated September 6 and 20 , 2022.

Table 1: Weight averaged graphitic carbon-bearing drill intersections (not true thickness)

Hole

From m

To m

Int. m

% Cg

Notes

LL-22-011

Not Sampled, abandoned hole, redrilled as LL-22-013

LL-22-013

3.0

6.0

3.0

1.23

LL-22-016

73.0

85.0

12.0

3.76

139.0

164.5

25.5

4.80

Including

154.0

163.0

9.0

8.16

LL-22-019

81.5

192.0

110.5

8.73

Including

102.5

171.5

69.0

12.09

LL-22-022

4.0

20.5

16.5

4.09

Open down-hole from 20.5m

Including

5.5

16.0

10.5

5.68

38.5

70.0

31.5

4.09

Including

43.0

47.5

4.5

16.07

93.0

132.0

39.0

4.39

Including

120.0

127.5

7.5

13.19

LL-22-024

42.0

67.5

25.5

2.31

Open up-hole from 42.0m & down-hole from 67.5m

90.0

109.5

19.5

2.99

Open up hole from 90.0m

LL-22-025

80.0

101.0

21.0

6.17

Including

87.5

95.0

7.5

13.50

Open up-hole from 87.5m & down-hole from 95.0m

140.0

185.0

45.0

15.07

Open down-hole from 185.0m

LL-22-026

121.0

125.5

4.5

3.59

Open up-hole from 121.0m

LL-22-027

No sampling, entirely quartzite

LL-22-028

No sampling, entirely quartzite

LL-22-029

83.7

89.7

6.0

5.74

Open up-hole from 83.7m & down-hole from 89.7m

LL-22-030

47.5

56.5

9.0

4.05

Open up-hole from 47.5m

LL-22-032

32.0

152.0

120.0

11.02

Open down-hole from 152.0m

Including

50.0

98.0

48.0

15.58

176.0

186.5

10.5

5.59

Open-up hole from 176.0m

LL-22-033

33.4

45.4

12.0

4.83

Open up-hole from 33.4m,

168.5

191

22.5

8.69

Stopped in graphite mineralization

Including

170.0

180.5

10.5

15.20

On the northeast side of the EV Zone, holes LL-22-011, -013, -026, -027 and -28 were drilled entirely or mostly in quartzite and encountered no or very narrow graphite mineralization within narrow paragneiss bands within the quartzite. The lack of significant graphite in these holes effectively defines the northeastern limit of the EV Zone.

Wide intervals of high- to moderate-grade graphite were encountered in holes LL-22-016, -019, -022, -024, -025, -030, -032 and -033 and narrow, moderate-grade intervals in LL-22-029 and -30 within paragneiss. Exceptional intervals of near-surface, high-grade flake graphite mineralization include 11.02% graphitic carbon ("% Cg") over 120.0 metres ("m) from 32.0 to 152.0m in hole LL-22-032 and 8.73% Cg over 110.5m from 81.5 to 192.0m in hole LL-22-019. These impressive intersections define a strong graphite trend and indicate that the EV Zone has excellent potential to continue to the northwest. Additional sampling has been done and assays are pending to fully close these intervals.

Table 2: Drill Hole Collar Locations (UTM NAD 83, Zone 18)

Hole

UTM_mE

UTM_mE

Elev._m

Azimuth_°

Dip_°

Length_m

LL-22-011

499286

5098374

337

60

-50

24.2

LL-22-013

499286

5098374

337

60

-50

150.0

LL-22-016

499251

5098354

337

60

-49

174.0

LL-22-019

499239

5098319

340

60

-51

192.0

LL-22-022

499170

5098268

340

60

-55

141.5

LL-22-024

499206

5098245

334

65

-50

199.0

LL-22-025

499259

5098279

347

60

-51

200.0

LL-22-026

499338

5098419

344

60

-56

153.0

LL-22-027

499359

5098380

338

60

-55

96.0

LL-22-028

499327

5098340

339

60

-52

151.7

LL-22-029

499257

5098221

352

60

-53

174.0

LL-22-030

499261

5098189

351

60

-57

174.3

LL-22-032

499321

5098219

352

60

-52

189.3

LL-22-033

499316

5098195

353

60

-52

195.0

Qualified Person

The technical content presented in this press release was reviewed by Mark Fekete, P.Geo. who actively participated in the La Loutre drill program as an independent consultant to the Company as the "Qualified Person" as that term is defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

QAQC and Analytical Procedures

The drill core was logged and marked for sampling by a professional geologist. All the core was photographed as part of the logging procedure. Core samples were collected by splitting each sample interval in half lengthwise with a hydraulic core splitter. One half of the interval was returned to the core box, and the other half was placed in a plastic bag with a tag. The tag number was marked in indelible ink on the outside of the bag, and the bag was sealed with a plastic tie-wrap. One certified reference material standard and one blank were included in each batch of 21 samples. For shipping, samples were placed in rice bags that were individually sealed with numbered, tamper-proof security tags. The rice bags were then placed on wooden pallets, secured with plastic wrapping, and delivered by truck to Manitoulin Transport Inc. for shipping to Activation Laboratories Ltd. ("Actlabs") in Ancaster, Ontario.

At Actlabs the samples were crushed to 80% passing 2mm and then riffle split to a 250g sub-sample that was pulverized to pulp 95% passing 105μm (Actlabs Code RX1). The sample pulps were then analyzed for graphitic carbon "Cg") by mild hydrochloric acid digestion followed by combustion in an infrared induction furnace (Actlabs Code 8Cg). Actlabs is accredited under ISO 9001:2015 registration and is independent of the Company.

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.

In addition to La Loutre, Lomiko is working with Critical Elements Lithium Corporation towards earning its 70% stake in the Bourier Project as per the option agreement announced on April 27 th , 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.

About the La Loutre Graphite Project

The Company holds a 100% interest in its La Loutre graphite development project 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 one large, continuous block with 76 mineral claims totalling 4,528 hectares (45.3 km2).

The Property is underlain by rocks belonging to the Grenville Province of the Precambrian Canadian Shield. The Grenville was formed under conditions that were very favourable for the development of coarse-grained, flake-type graphite mineralization from organic-rich material during high-temperature metamorphism.

Lomiko Metals published a July 29, 2021 Preliminary Economic Estimate (PEA) which indicated the project had a 15-year mine life producing per year 100,000 tonnes of graphite concentrate at 95% Cg or a total of 1.5Mt of 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.

On behalf of the Board,
Belinda Labatte
CEO and Director, Lomiko Metals Inc.

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; 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.

For more information on Lomiko Metals, review the website at www.lomiko.com or please contact :

Kimberly Darlington
k.darlington@lomiko.com
514-771-3398

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Lomiko Metals Inc. (Lomiko) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) ("Lomiko Metals" or "Lomiko" or the "Corporation" or "The Company") is pleased to announce a new leadership team and the appointment of an independent director to the board effective October 25, 2021. With the appointment of Belinda Labatte as Chief Executive Officer and Director, Vince Osbourne as Chief Financial Officer and Gordana Slepcev as Chief Operating Officer, Lomiko is poised to develop its current critical minerals projects in Quebec and pursue a new growth strategy for the acquisition and development of new critical minerals assets to add to the Company's portfolio. The Board of Directors has determined it is in the best interests of all its stakeholders to appoint a dedicated and committed new leadership team at this time which will establish the Company and it's base of operations in Quebec. Lomiko is setting the stage to become a leader and responsible supplier of critical minerals in the North American market. The new leadership will continue to develop the Company's high potential La Loutre graphite project into the Pre-Feasibility Stage ("PFS") stage with the view of taking it into full production, along with plans for the advancement of its lithium exploration project, Bourier located near Nemaska Lithium and Critical Elements south-east of the Eeyou Istchee James Bay territory in Quebec.

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InvestmentPitch Media Video Discusses Lomiko Metals Announcement of Positive Results from the Preliminary Economic Assessment on its La Loutre Graphite Project in Southern Quebec - Video Available on Investmentpitch.com

Lomiko Metals (TSXV: LMR) (OTCQB: LMRMF) (FSE: DH8C) has announced positive results from the Preliminary Economic Assessment on its La Loutre Graphite Project in southern Quebec. The 100% owned La Loutre Project is located in the Nominingue-Chénéville Deformation Zone in Quebec. The property, which consists of one large contiguous block of 42 mineral claims totaling 2,509 hectares or approximately 25 square kilometres, is located approximately 117 kilometres northwest of Montréal in southern Québec, 230 kilometres southwest of the Nouveau Monde Matawinie Project and 100 kilometres southeast of the Imerys' Lac-des-îles mine.

The PEA was completed by Ausenco Engineering Canada, the Canadian division of the Australian-based global engineering firm with a 30 year track record with projects spanning more than 80 locations worldwide.

For more information, please view the InvestmentPitch Media "video" which provides additional information about this news along with some video comment from Lomiko's President and CEO, A. Paul Gill. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Lomiko" in the search box.

Based on a drill hole database containing 117 drill holes, consisting of 15,160 metres of drilling and 8,850 assay intervals, the project has a mineral resource estimate of 23,165 kilo tonnes of 4.51% graphite for 1.04 metric tonnes of graphite in the Indicated category, and 46,821 kilo tonnes of 4.01% graphite for 1.9 metric tonnes of graphite in the Inferred category, using a 1.5% cut-off grade. The cut-off grade is based on a processing cost of CDN$11.85 per tonne, and General and Administrative Costs of CDN$2.37 per tonne. A cut-off grade of 1.5% has been used for the base case of the resource estimate, which more than covers the Process and General and Administrative Costs.

The mine plan includes 21.9 metric tonnes of mill feed and 88.4 metric tonnes of waste over the 14.7-year project life. Mine planning is based on conventional open pit methods suited for the project location and local site requirements. Owner-operated and managed open pit operations are anticipated to begin prior to mill start up, running for 14.7 years to pit exhaustion, with feed from the low-grade stockpile supplementing plant feed over the last two years. The PEA indicates the property has the geological potential to extend the mine life beyond the initial 14.7 years presented in the PEA as well as the opportunity to expand the scale of production by increasing the mineral resource through ongoing exploration and drilling.

With a strong treasury to support their next steps, Lomiko plans to commence a Preliminary Feasibility Study and Environmental Impact Studies while continuing to explore the geological potential of the property. Management believes the PEA clearly demonstrates the potential for Lomiko to become a major North American graphite producer, with a positive after-tax Internal Rate of Return of 21.5% and after-tax Net Present Value of $186 million.

Management cautions that mineral resources are not mineral reserves and do not have demonstrated economic viability.

For a more detailed analysis of the PEA, please refer to the news release. The shares are trading at $0.145. For more information, please visit the company's website: www.lomiko.com, contact A. Paul Gill, CEO, at 604-729-5312, or by email at info@lomiko.com.

About InvestmentPitch Media

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InvestmentPitch Media Video Discusses Lomiko Metals and its Option of Bourier Project in Quebec from Critical Elements as it Prepares to Explore for Lithium - Video Available on Investmentpitch.com

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For more information, please view the InvestmentPitch Media "video" which provides additional information about this news. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Lomiko" in the search box.

The Bourier project is located approximately 85 km east-northeast of the village of Nemaska and approximately 450 km north-northeast of the town of Val-d'Or, Québec. The Bourier property, potentially a new lithium field in an established lithium district in Quebec, consists of 203 claims covering approximately 10,252 hectares or 102.5 square kilometres.

A. Paul Gill, CEO, stated: "Recent consumer interest in electric vehicles has increased investor interest in Lithium and Graphite, two of the major components of a lithium-ion battery. Quebec is in a unique position of having ample supply of both commodities and now Lomiko has opportunities in additional battery materials."

Jean-Sébastien Lavallée, Critical Elements' CEO, added: "This option agreement with Lomiko will allow the Bourier property to be explored in detail for battery minerals discoveries, such as Lithium, Nickel, Copper and Zinc. Critical Elements is currently focused on the development of its Rose Lithium-Tantalum project. With Lomiko as a joint venture partner in the Bourier project, shareholders of both companies will be able to benefit from successful exploration of a highly prospective project."

The northern boundary of the property is marked by intrusive pink granite. The metasedimentary rocks in the centre of the property are intruded by mafic and ultramafic rocks, granites, pegmatites, and late diabase dykes. The pegmatites occur as either pink, which associated with oligoclase gneisses and granite, or white, which is associated with metasedimentary rocks. Outside of work program complete between 2010 and 2012 for Zinc-Copper and Gold by Monarques Resources Inc., there has been very limited lithium exploration undertaken at the Bourier Property.

The Bourier property is adjacent to the Lemare Lithium property, wholly owned by Critical Elements, where in 2012, a previous operator discovered a "granite pegmatite dyke containing a considerable amount of spodumene", which ranged in apparent thickness from 4.8 to 14.2 metres and was followed for close to 200 metres in length on surface.

Under the first option, Lomiko can earn 49% by paying $50,000 in cash, 5 million shares, and incurring $1.3 million in exploration expenditures by December 31, 2022. Subject to completing this first option, Lomiko can increase its interest to 70% by paying an additional $250,000 in cash, 2.5 million shares, and incurring $2 million in exploration expenditures and delivering a NI 43-101 Resource Estimate by December 31, 2023. Should Lomiko produce a drill-defined NI 43-101 resource estimate of between 5 and 20 million tonnes of lithium oxide, Lomiko will pay up to $2 million, payable in cash or shares, at Lomiko's discretion. Please refer to the company's news release for the specific schedule for these terms.

Critical Elements will retain a 2% NSR on the extraction and production of any minerals on the Bourier Property, of which Lomiko can purchase 1% for $2. million. During the agreement, Critical Elements will be the operator on the property. Critical Elements will also retain the exclusive right to market and act as selling agent for any and all Lithium products, including Lithium ore, concentrate and chemical, resulting from the extraction and production activities on the Bourier Property.

For more information, please visit the company's website: www.lomiko.com, contact A. Paul Gill, CEO, at 604-729-5312, or by email at info@lomiko.com.

About InvestmentPitch Media

InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

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Lomiko Metals is being featured on BNN Bloomberg on Mar 8th to 14th, 2021, throughout the day and evenings.

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BTV - Business Television/CEO Clips Contact: Trina Schlingmann (604) 664-7401 x 5 trina@b-tv.com

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Lomiko Announces Further Results From the Exploration Drill Program at La Loutre Graphite Property in Québec, Drills up to 6.00% Cg Over 45.0m Along Southwestern Margin of Battery Zone

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Lomiko Metals Inc. (TSX.V: LMR) ("Lomiko Metals" or the "Company") is pleased to announce the seventh round of analytical results from the infill and extension exploration drill program at its La Loutre Graphite property, located approximately 180 kilometres northwest of Montréal in the Laurentian region of Québec. The La Loutre graphite project site is located within the Kitigan Zibi Anishinabeg (KZA) First Nations territory.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221206005359/en/

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Mr. Atkins brings deep financial management, capital markets, transaction, foreign exchange, and public company experience to the Lake Resources Board. This is a key appointment to strengthen and broaden the experience of the Lake board and build the business for the long term. He has over 30 years of financial leadership experience, including 20 years serving as a CFO for organisations including Wells Fargo, New York Life Insurance Company, and Midlantic Bank Corporation.

Mr Atkins previously held senior roles at Chase Manhattan Bank, including as Head of Foreign Exchange and Markets Businesses for Europe, the Middle East and Africa, and head of the bank's worldwide interest rate derivatives trading business.

He has served on the boards of Occidental Petroleum, whose markets included the US and South America; and Ingram Micro, a global technology and logistics company also with operations in the US and South America. He has served on the Human Resources, Audit, Finance, and Technology Committees during his public board service.

Mr Atkins holds an MA in Economics from Ohio State University and a BS in Mathematics from City College of New York.

"Mr. Atkin's experience in governance, financial control, and capital markets and his connections in energy markets will be vital as we move toward FID on Kachi," Lake Executive Chairman Stuart Crow said.

"We are fortunate to add Mr. Atkin's deep expertise as a global financial leader to the Lake board," said David Dickson, recently appointed CEO and Managing Director of Lake. "We welcome his breadth of experience, oversight and guidance as we transition the business to a new stage of development and execution".

Mr. Dickson, who assumed the position of CEO in September 2022, is an industry leader with over 30 years' experience in engineering, construction, and EPC cost management, across the energy sector. He has a proven track record in successfully delivering multibillion dollar resource projects.

Mr. Atkins will be issued with 232,500 Restricted Stock Units that vest one year after appointment (5 December 2023). Shareholder approval will not be sought for the issue of the Restricted Stock Unit (or their exercise) as Mr. Atkins was not a director of Lake at the time of the negotiations and had no influence over the decision to issue the Restricted Stock Units.



About Lake Resources NL:

Lake Resources NL (ASX:LKE) (OTCMKTS:LLKKF) is a clean lithium developer utilising clean, direct extraction technology for the development of sustainable, high purity lithium from its flagship Kachi Project, as well as three other lithium brine projects in Argentina. The projects are in a prime location within the Lithium Triangle, where 40% of the world's lithium is produced at the lowest cost.

This method will enable Lake Resources to be an efficient, responsibly-sourced, environmentally friendly and cost competitive supplier of high-purity lithium, which is readily scalable, and in demand from Tier 1 electric vehicle makers and battery makers.

News Provided by ABN Newswire via QuoteMedia

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Lake Resources NL  Appoints New Board Member Dr. Cheemin Bo-Linn

Lake Resources NL Appoints New Board Member Dr. Cheemin Bo-Linn

Sydney, Australia (ABN Newswire) - Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) is pleased to announce the appointment of Dr. Cheemin BoLinn to the board of Lake Resources, effective December 5, 2022. This is a key appointment to strengthen and broaden the experience of the Lake Resources board and build the business for the long term.

Dr. Bo-Linn is an accomplished CEO, former Fortune 100 operations executive, and board director with over 25 years of governance expertise at private organizations and public companies across the Americas and Europe. Her board leadership experience at public companies includes her appointment as Lead Independent Director, Chair of every major committee (Audit, Compensation, Nomination/Governance), Chair of Sustainability/ESG, and Chair of the Technology and Cybersecurity committees. Her related current board service includes Flux Power, a leading developer and manufacturer of advanced sustainable lithium-ion energy storage solutions for industrial mobility fleets.

Dr. Bo-Linn has been recognized internationally for her achievements, including by The Financial Times in its 2021 "Top 100" global board director diversity list and the National Association of Corporate Directors in its 2019 "Top 50 Board of Directors" list, recognizing the most influential directors and corporate governance leaders with boardroom excellence in innovation and integrity. In recognition of her contribution to the scientific and technological communities, Dr. Bo-Linn was inducted into the international "Hall of Fame" for Women in Technology and was also named "Top Woman of Influence" by the Silicon Valley Business Journal Until recently, Dr. Bo-Linn was CEO of Peritus Partners, a valuation accelerator which also provided consulting and operations expertise in software (SaaS), IoT, mobile, and digital (analytics, marketing, e-commerce, supply chain, and cybersecurity). Previously, during her 20+ years in senior IBM executive roles, she led global teams as IBM's VP of Indu trial Sector/Electronics, responsible for IBM's software, semiconductor chips, storage, and consulting services.

Lake Executive Chairman Mr. Stuart Crow commented that considering the growing focus on environmental, social and governance considerations in supply chains, which will bring a higher level of scrutiny to issues of sustainability in the lithium mining sector, the appointment of Dr. Bo-Linn is invaluable and timely.

"Dr. Bo-Linn brings highly relevant and extensive experience, particularly in sustainability, governance and the renewables supply chain," said David Dickson, recently appointed CEO and Managing Director of Lake. "Her industry expertise along with her environmental, social and corporate governance (ESG) strategies will position us for growth and the creation of shareholder value, as we transition to a new development stage."

Dr. Bo-Linn has a Doctorate in Education (Ed.D.) in Computer based Information Systems and Organizational Change from the University of Houston and was appointed as Visiting Professor at the joint Columbia University, London School of Business, and Hong Kong University EMBA/MBA program. She also completed the Stanford University Graduate School of Business Executive Certificate Programme.

The appointment of Dr. Bo-Linn follows the appointment of Mr. David Dickson who assumed the role of CEO and Managing Director in September 2022. Mr. Dickson is an industry leader with over 30 years' experience in engineering, construction, and EPC cost management, across the energy sector. He has a proven track record in successfully delivering multi-billion dollar resource projects.

Dr. Bo-Linn will be issued with 232,500 Restricted Stock Units that vest one year after appointment (5 December 2023). Shareholder approval will not be sought for the issue of the Restricted Stock Unit (or their exercise) as Dr. Bo-Linn was not a director of Lake at the time of the negotiations and had no influence over the decision to issue the Restricted Stock Units.



About Lake Resources NL:

Lake Resources NL (ASX:LKE) (OTCMKTS:LLKKF) is a clean lithium developer utilising clean, direct extraction technology for the development of sustainable, high purity lithium from its flagship Kachi Project, as well as three other lithium brine projects in Argentina. The projects are in a prime location within the Lithium Triangle, where 40% of the world's lithium is produced at the lowest cost.

This method will enable Lake Resources to be an efficient, responsibly-sourced, environmentally friendly and cost competitive supplier of high-purity lithium, which is readily scalable, and in demand from Tier 1 electric vehicle makers and battery makers.

News Provided by ABN Newswire via QuoteMedia

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Lake Resources NL  Appoints Chief Legal Officer and General Counsel

Lake Resources NL Appoints Chief Legal Officer and General Counsel

Sydney, Australia (ABN Newswire) - Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) is pleased to announce the appointment of John Freeman as Chief Legal Officer and General Counsel of Lake Resources. This is a key appointment to strengthen and broaden the experience of the Lake Resources management team and build the business for the long term.

Mr. Freeman is a highly accomplished legal executive with over 30 years' experience in leading global companies.

His extensive experience leadership experience includes serving as Chief Legal Officer, Executive Vice President and Corporate Secretary for McDermott International; General Counsel and Executive Vice President for Technip S.A.; Global Ethics and Compliance Director for Baker Hughes, in addition to other legal and compliance positions within that organization. Mr. Freeman has also served as Prosecuting Attorney for the U.S. Office of Special Counsel and Special Assistant U.S. Attorney for the District of Columbia.

In this role, Mr. Freeman will lead the Company's legal and compliance functions and provide strategic guidance to the Board of Directors and executive management team.

Lake Executive Chairman Mr. Stuart Crow said as the company transitions from exploration stage to execution, enhancing its governance, compliance and controls is mission critical.

"Mr. Freeman's world class legal and compliance experience will be invaluable as Lake expands its business and continues its transformation."

Lake CEO David Dickson adds "Mr. Freeman brings a wealth of global experience spanning our sector and beyond. He joins us at a critical time and will play a key role working with me, our Board and the rest of our team as we continue to grow and strengthen the company."

Mr. Freeman holds a JD from the Washington & Lee University School of Law, and B.B.A. from The University of Texas, Austin.

The appointment of Mr. Freeman follows the appointment of Mr David Dickson in the role of CEO and Managing Director. Mr Dickson is an industry leader with over 30 years' experience in engineering, construction, and EPC cost management, across the energy sector. He has a proven track record in successfully delivering multibillion dollar resource projects.



About Lake Resources NL:

Lake Resources NL (ASX:LKE) (OTCMKTS:LLKKF) is a clean lithium developer utilising clean, direct extraction technology for the development of sustainable, high purity lithium from its flagship Kachi Project, as well as three other lithium brine projects in Argentina. The projects are in a prime location within the Lithium Triangle, where 40% of the world's lithium is produced at the lowest cost.

This method will enable Lake Resources to be an efficient, responsibly-sourced, environmentally friendly and cost competitive supplier of high-purity lithium, which is readily scalable, and in demand from Tier 1 electric vehicle makers and battery makers.

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
Lomiko announces Flow-Through Financing, Annual and Special Meeting Notice and Corporate Update

Lomiko announces Flow-Through Financing, Annual and Special Meeting Notice and Corporate Update

Lomiko Metals Inc. (TSX.V: LMR) ("Lomiko Metals" or the "Company") is pleased to announce that it intends to offer up to 17,500,000 flow-through units at $0.04 (the "FT Units") for gross proceeds of up to $700,000. The Company would also like to provide a corporate update on the Annual and Special Meeting and the previously announced sale of wholly-owned subsidiary Lomiko Technologies Inc.

Belinda Labatte, CEO and Director of Lomiko Metals: "We are pleased to announce the flow-through financing of up to $700,000 will be used to further our La Loutre and regional natural flake graphite exploration campaign and prospects at the Bourier lithium project. 2023 is a year to build on all our operational milestones and position ourselves for the significant doubling in investment into Electric Vehicles by automakers, forecast to be nearly $1.2 trillion in 2023, according to Reuters. In addition, demand growth for graphite is forecast to increase to 40% year on year, according to Fastmarkets, from 30% a year ago. Lomiko is well positioned in Quebec as a responsible operator developing a secure supply of graphite projects in Southern Quebec."

News Provided by Business Wire via QuoteMedia

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