Exciting Developments from Lomiko Metals and Board Restructure

Lomiko Metals Announces Annual General Meeting Outcomes

Lomiko Metals Inc. (TSX.V: LMR) is thrilled to share the outcomes from its recent Annual and Special Meetings of Shareholders. The resolutions put forth were warmly received, with shareholder support reflecting their confidence in the company’s future endeavors.

Board of Directors Elections

The Annual General Meeting concluded with a significant decision to set the number of Directors at four. Elected to serve on the Board of Directors were Belinda Labatte, Dominique Dionne, Lee Arden Lewis, and Mary Juetten. This leadership team is poised to guide the organization effectively.

Key Appointments and Leadership Roles

Following the election results, notable appointments were made. Belinda Labatte has taken on the role of Executive Chair, bringing a wealth of experience and dedication to the position. Dominique Dionne steps into the Lead Independent Director role, while also chairing the Corporate Governance and Compensation (CCG&C) Committee. Mary Juetten was appointed Chair of the Audit Committee, further enhancing the board's expertise.

Introducing the New CEO

Gordana Slepcev has been appointed as the new President and CEO, also joining the Board of Directors. Slepcev's extensive background in leadership roles positions her aptly to steer Lomiko Metals towards its growth objectives.

Recognizing Mary Juetten's Leadership

Mary Juetten, with her impressive credentials as a CA, CPA, Esq., GCB.D, CDI.D, CCB.D, was also elected to the Board. Her 30+ years of experience managing diverse portfolios makes her a valuable asset. Juetten's expertise spans across engineering, construction, natural resources, and technology sectors, which aligns perfectly with Lomiko's strategic vision.

Auditor Appointment and Incentive Plan Approval

Shareholders approved the appointment of Dale Matheson Carr-Hilton Labonte LLP as the company's auditors, allowing for a smoother governance process. Furthermore, the 2024 Omnibus Incentive Plan was re-validated, setting the stage for future incentives that align with company growth and shareholder interests.

About Lomiko Metals Inc.

Lomiko Metals Inc. focuses on its La Loutre graphite project located in southern Quebec. This project spans within the traditional territory of the Kitigan Zibi Anishinabeg First Nation and consists of 76 mineral claims totaling 4,528 hectares. These lands possess rich geological formations favorable for graphite mineralization, underscoring the project’s significant potential.

Graphite Mineralization and Resource Estimates

The La Loutre project has already yielded an updated Mineral Resource Estimate (MRE), reporting 64.7 million tonnes of Indicated Mineral Resources averaging 4.59% Cg per tonne, which translates into approximately 3.0 million tonnes of graphite. This represents a 184% increase in tonnage, showcasing the effectiveness of recent drilling campaigns.

Further Developments and Future Prospects

Lomiko has also secured a 49% stake in the Bourier Project from Critical Elements Lithium Corporation. This project enhances Lomiko's foothold in the lithium triangle of Quebec, an area known for its potential lithium resources. With 203 claims under its belt, this position aligns well with the growing demands for lithium in energy storage solutions.

Looking Ahead

As Lomiko Metals moves forward with its strategic initiatives, the collective expertise of the newly appointed Board of Directors is expected to foster innovation and drive the company toward achieving its outlined objectives. Shareholders remain hopeful that these developments will bolster Lomiko’s market position and financial health.

Frequently Asked Questions

What significant changes occurred during the 2024 AGM?

The AGM resulted in the election of four directors and the appointment of a new CEO.

Who are the newly elected directors of Lomiko Metals?

The newly elected directors are Belinda Labatte, Dominique Dionne, Lee Arden Lewis, and Mary Juetten.

What key roles were assigned within the board?

Belinda Labatte became Executive Chair, Dominique Dionne was made Lead Independent Director, and Mary Juetten is Chair of the Audit Committee.

What is the importance of the 2024 Omnibus Incentive Plan?

The plan aims to align executive incentives with the long-term growth and performance of Lomiko Metals.

What projects is Lomiko currently developing?

Lomiko is focused on the La Loutre graphite project and has a stake in the Bourier lithium project.

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