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LOMIKO REVIEWS 2020 AND LOOKS FORWARD TO 2021 DEVELOPMENTS

Lomiko Metals Inc. ("Lomiko") (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) is focused on the exploration and development of graphite for the new green economy.  Despite the negative effects of COVID, Lomiko Management are happy to report the company has made significant strides forward over the last year.

2020 La Loutre Flake Graphite Property Developments

Lomiko formed a La Loutre Technical, Safety and Sustainability Committee ("LTSSC"), reporting to the Board of Directors.  The LTSCC is comprised of A. Paul Gill, CEO and Directors, Gabriel Erdelyi and Gregg Jensen.  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.  The Board and Committee has accepted a proposal by SGS Canada Inc. to conduct a Metallurgical Process Development Program with results due in early 2021.

New Board Members

Mr. Mike Petrina joined the Lomiko Board and the Lomiko Technical, Safety and Sustainability Committee ("LTSSC") has appointed him the Project Manager for development of La Loutre.  Mr. Petrina has years of executive experience with Adanac Molybdenum, Hawthorne Gold, MAG Silver and Probe Minerals.  Mr. Petrina's extensive experience with advanced stage projects in the Pre-economic Assessment (PEA) Stage will be extremely helpful as Lomiko proceeds with the La Loutre Project.

Also, Mr. Gregg Jensen joined the Lomiko Board.  He has over 25 years of experience in Finance and Business management spanning several industries from technology, mining, engineering, to professional services.

Kenmar Securities Engaged to Raise $ 40 Million Cdn

Lomiko Metals engaged Kenmar Securities, LLC of New York to raise $ 40 million Cdn for the acquisition and development of critical metals projects. Kenmar Securities, LLC, is a Delaware limited liability corporation and SEC registered securities broker dealer and FINRA member.

The Advisor will assist the Company in analyzing its business, operations, properties, financial condition and prospects, prepare suitable marketing materials, contact any potential partner companies, assist and advise the Company with respect to the financial form and structure of any potential transaction.

Government Support for Critical Minerals Supply Chain Development

Lomiko has been monitoring emerging legislation aimed at reducing dependence on Chinese supply of graphite, lithium and other electric vehicle battery materials.  100% of graphite is currently imported to the United States as there is no domestic graphite mines able to produce material for graphite anodes used in Electric Vehicles.  Please also refer to news release September 9, 2020 and October, 7 2020 related to changing government policies regarding critical minerals.

US Election Bonus for Critical Minerals Companies

In a boon for the critical minerals mining industry, President-elect Joe Biden's committed to a historic investment in clean energy and innovation, developing rigorous new fuel economy standards aimed at ensuring 100% of new sales for light- and medium-duty vehicles will be zero emissions and annual improvements for heavy duty vehicles.

Biden will invest $400 billion over ten years, as one part of a broad mobilization of public investment, in clean energy and innovation.  The funds will accelerate the deployment of clean technology throughout the US with a target of reducing the carbon footprint of the U.S. building stock 50% by 2035.  The new government will work with governors and mayors to support the deployment of more than 500,000 new public charging outlets by the end of 2030.

Lomiko's Opportunity in the Critical Minerals Supply Chain

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

With a completion of $ 750,000 financing October 23, 2020 , and a further $985,000 completed December 22, 2020 , Lomiko plans to work on its near-term goals of the company are as follows:

1) Complete 100% Acquisition of the La Loutre 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 the extent of the mineralization equals or surpasses the nearby Imerys Mine, owned by 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 

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NMG Appoints Stéphane Leblanc to Its Board of Directors

  • Leblanc, a senior mining executive with over 30 years of experience in the industry, was previously serving as Managing Director, Rio Tinto Iron & Titanium, overseeing operational and commercial responsibilities for the division.
  • As a Director, Leblanc brings a unique combination of business and technical expertise, as well as know how in respect to building and operating advanced mining and processing facilities across the world.

Nouveau Monde Graphite Inc. ("NMG" or the "Company") ( NYSE: NMG , TSX.V: NOU ) proudly announces the appointment of Stéphane Leblanc to its Board of Directors, effective September 10, 2024. A senior executive with extensive global operational and functional leadership experience within diverse mining and metals segments, Leblanc complements NMG's Board of Directors as the Company approaches the launch of its Phase-2 Matawinie Mine and Bécancour Battery Material Plant upon a positive final investment decision.

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Graphite developer Black Rock Mining (ASX:BKT) shared on Tuesday (September 3) that it will be receiving a US$40 million investment from South Korean steel giant POSCO International (KRX:047050).

The companies have entered several binding agreements, with the investment set to take place in two tranches.

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Prime Minister Leads Joint Government Tour of Collie Graphite Facility

Australian Prime Minister Anthony Albanese yesterday inspected the Collie processing and R&D facility of International Graphite’s (ASX:IG6) to see first-hand the contribution the Company is making to the development of Australia’s critical minerals industry.

Figure 1: Inspecting the facility (left to right) IG6 Managing Director and CEO Andrew Worland, with the Prime Minister and Collie Project Manager Josh Hearse.

The Collie facility, located 200 kilometres south of Perth, is the first downstream graphite pilot and product qualification plant in Australia and a key link in the Company’s mine-to-market development strategy, which includes downstream processing at Collie and development of one of the nation’s largest graphite resources at Springdale, also in Western Australia.

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Top 10 Graphite-producing Countries (Updated 2024)

Graphite is an excellent conductor of heat and electricity and also has the highest strength of any natural material. However, it wasn’t until recently that the metal began to gain popularity.

Interest in graphite mining is increasing in large part because lithium-ion batteries are becoming more common. These batteries are used in everything from phones to electric vehicles (EVs), and graphite is one of their key raw materials. Both synthetic and natural graphite, in the form of the intermediate product spherical graphite, are products that are used in the anodes of lithium-ion batteries. As lithium-ion battery demand grows, graphite demand is also expected to rise from nations around the world.

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  • Approval by the regulatory body of the powerline path set to connect the Matawinie Mine to the hydropower network.
  • NMG was awarded a $500,000 research grant to advance the development of versatile next-generation active anode materials.
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Nouveau Monde Graphite Inc. ("NMG" or the "Company") ( NYSE: NMG , TSX.V: NOU ) reports on its progress to bring the Phase-2 Matawinie Mine and Bécancour Battery Material Plant toward a final investment decision ("FID"), while planning a Phase-3 expansion via its Uatnan Mining Project and complementary value-added processing facilities. The Company's multiyear offtake agreements with Anchor Customers Panasonic Energy Co., Ltd. ("Panasonic Energy"), a wholly owned subsidiary of Panasonic Holdings Corporation ("Panasonic") ( TYO: 6752 ), and General Motors Holdings LLC, a wholly owned subsidiary of General Motors Co. (collectively, "GM") ( NYSE:GM ) (GM and Panasonic being collectively the "Anchor Customers"), combined with improved market dynamics and attractive long-term perspectives provide solid underpinnings for scaling up operations from its Phase-1 facilities to construction and commercial production.

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