TSXV:LMR

LOMIKO FORMS TECHNICAL, SAFETY AND SUSTAINABILITY COMMITTEE AND CHARTER TO OVERSEE LA LOUTRE ASSESSMENT

Lomiko Metals Inc. ("Lomiko") (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) is focused on the exploration and development of flake graphite in Quebec for the new green economy.  Lomiko is pleased to announce the Board of Directors has formed a Technical, Safety, and Sustainability Committee ("LTSSC"), reporting to the Board of Directors.  At the time of formation, the LTSCC is comprised of A. Paul Gill, CEO, and two Independent Directors, Gabriel Erdelyi and Julius Galik.

LTSSC Committee Responsibilities

The LTSSC will oversee the assessment of the La Loutre Flake Graphite Property, and liaise with service providers, technical staff and stakeholders to put forward a series of crucial technical documents including, but not limited to, a Scope of Work (SOW), Graphite Characterization and Metallurgy, Response for Proposal (RFP) on a Preliminary Economic Assessment, and, if required, pre-feasibility, bulk samples, pilot plant, feasibility and construction plans.  The Committee will govern the hiring of technical staff, liaise with extra-company agencies and representatives, and provide a conduit to the Board of Directors to make crucial decisions on the project.

Further additions to the Committee and the Lomiko team are anticipated and will be announced when confirmed.

Lomiko's Near Term Goals

Graphite demand is expected to increase exponentially for the mined natural graphite material, as more is used in the production of spherical graphite for graphite in the anode portion of Electric Vehicle Lithium-ion batteries.

Lomiko completed a $ 750,000 financing October 23, 2020 and plans to work on its near-term goals:

1) Complete 100% Acquisition of the Property, currently 80% owned by Lomiko Metals.

2) Complete metallurgy and graphite characterization to confirm li-ion anode grade material.

3) Complete a Technical Report to confirm that the extent of the mineralization equals or surpasses the nearby Imerys Mine, owned by an international mining conglomerate.

A "technical report" means a report prepared and filed in accordance with this Instrument and Form 43-101F1 Technical Report, and includes, in summary form, all material scientific and technical information in respect of the subject property as of the effective date of the technical report;

4) Complete Preliminary Economic Assessment (PEA)

A PEA means a study, other than a pre-feasibility or feasibility study, that includes an economic analysis of the potential viability of mineral resources.

For more information on Lomiko Metals, Promethieus, review the website at www.lomiko.com , and www.promethieus.com , contact A. Paul Gill at 604-729-5312 or email: info@lomiko.com.

On Behalf of the Board

"A. Paul Gill"

Director, Chief Executive Officer

We seek safe harbor.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), accept responsibility for the adequacy or accuracy of this release .

Attachment


A. Paul Gill Lomiko Metals Inc. (TSX-V: LMR) 6047295312 apaulgill@lomiko.com 

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
Battery storage power station accompanied by solar and wind turbine power plants.

Next-gen Battery Technologies for Grid Storage Ripe for Investment

As the world transitions to renewable energy sources, traditional power grids, designed for consistent fossil fuel-based generation, are ill-equipped to handle the intermittent nature of renewable energy sources like wind and solar.

This mismatch has created a pressing demand for efficient, large-scale energy storage systems, paving the way for the development of new battery technologies that can handle and ensure a stable and reliable power supply.

From investors and businesses, these new battery technologies offer a compelling opportunity to be part of the burgeoning, next-generation grid energy storage market that’s projected to grow at a CAGR of 28 percent over the next 10 years.

Keep reading...Show less
International Graphite

International Graphite


Keep reading...Show less
Businessmen signing agreement.

NOVONIX Signs Synthetic Graphite Offtake Deal with Volkswagen's PowerCo

Battery materials and technology company NOVONIX (ASX:NVX,NASDAQ:NVX) has signed a binding offtake agreement for synthetic graphite material, the company said in a Monday (November 25) press release.

The agreement is with PowerCo, a battery company set up by Volkswagen (OTC Pink:VLKAF,FWB:VOW). The company is looking to boost its battery cell output, and has identified three gigafactory locations.

The first is in Salzgitter, Germany, the second is Valencia, Spain, and the third is in St. Thomas, Canada.

Keep reading...Show less
Altech Batteries

Altech – Cerenergy® Battery Project Funding Update

Altech Batteries Limited (Altech/Company) (ASX: ATC) (FRA: A3Y) is pleased to announce an update on funding of the CERENERGY® sodium-chloride solid-state battery project in Saxony, Germany.

Keep reading...Show less
Evolution Energy Minerals Limited

Appointment of Chief Executive Officer

Evolution Energy Minerals Limited (Evolution or the Company) (ASX: EV1, FSE: P77) is pleased to announce the appointment of George Donne as Chief Executive Officer, effective immediately. Mr. Donne brings over 20 years of expertise in the mining sector, with a distinguished career spanning corporate finance advisory, private equity and executive roles in both public and private mining companies. His background includes extensive work in developing markets across multiple commodities, particularly base metals and lithium-ion battery raw materials. With hands-on experience in mergers and acquisitions, corporate financing, investor relations and governance, Mr. Donne is well-positioned to lead Evolution’s strategic growth.

Keep reading...Show less
E-Power Resources (CSE:EPR)

E-Power Resources


Keep reading...Show less

Latest Press Releases

Related News

×