Lomiko Metals Announces Management Change
MWN-AI** Summary
Lomiko Metals Inc. (TSX.V: LMR) has announced a significant management change with Robert Boisjoli stepping in as the new Chief Financial Officer (CFO), effective immediately. Boisjoli, a Fellow Chartered Professional Accountant, takes over from Jacqueline Michael, the outgoing CFO. With over 30 years of corporate finance and operational experience, Boisjoli is the managing director of Atwater Financial Group, which specializes in financial reporting for mining companies. He also serves as a board member for CPA Professional Liability Plan Inc. and various nonprofit organizations.
Lomiko Metals, which is actively engaged in the mineral exploration sector, holds interests in the La Loutre graphite project located in southern Quebec, within the territory of the Kitigan Zibi Anishinabeg First Nation. The La Loutre site has recently benefited from a substantial mineral resource evaluation, which showed impressive and increased findings — 64.7 million tonnes of Indicated Mineral Resources, representing a 184% increase from previous estimates. This surge was largely attributed to an active drilling campaign in 2022, which added significant tonnage and improved the quality of the resource delineated.
In addition to the La Loutre project, Lomiko manages multiple early-stage projects across Quebec, which further diversifies its growing portfolio. The company continues to build upon its mission to advance its mining assets while keeping an eye on sustainable practices and community engagement.
This management change comes at a pivotal time as Lomiko seeks to capitalize on the growing demand for graphite, a crucial component in various technologies, including electric vehicle batteries. The strategic appointment of Boisjoli is anticipated to fortify the company's operational and financial capabilities going forward.
MWN-AI** Analysis
Lomiko Metals Inc. (TSX.V: LMR) recently announced a significant management change with the appointment of Robert Boisjoli as Chief Financial Officer (CFO), taking over from Jacqueline Michael. This shift marks a strategic pivot for the company, which is crucial given the evolving landscape in the mining sector, particularly concerning graphite, a material increasingly in demand due to its applications in electric vehicle batteries and renewable energy technologies.
Mr. Boisjoli’s extensive background in corporate finance within the mining industry serves as a strong asset for Lomiko. His role at Atwater Financial Group, coupled with his experience as an investment banker, positions him well to navigate the complexities of financial reporting and to attract investment. Investors should take note of this appointment, as it demonstrates a commitment to enhance financial governance and strategic planning.
The recent Mineral Resource Estimate (MRE) update for Lomiko’s La Loutre graphite project showcases a substantial increase in indicated resources (64.7 million tonnes), driven by successful drilling campaigns. This coupled with higher graphite prices, projected at $1,098.07 per tonne, indicates strong potential for revenue generation. Moreover, the strategic location of La Loutre within the Kitigan Zibi Anishinabeg territory underscores the company’s commitment to environmentally responsible mining practices.
Investors in Lomiko should closely monitor developments related to management and resource advancements. Be mindful that while the graphite market presents significant growth potential, volatility exists. As such, maintaining a diversified portfolio and staying informed about industry trends and Lomiko’s operational progress is advisable.
Overall, with a new CFO at the helm and positive resource advancements, Lomiko remains an intriguing investment opportunity in the growing materials sector, particularly for those interested in the green energy transition.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
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Lomiko Metals Inc. (TSX.V: LMR) (“ Lomiko ” or the “ Company ”) is pleased to announce the appointment of Robert Boisjoli as the Company’s Chief Financial Officer (CFO), effective immediately. Mr. Boisjoli, based in Montreal, replaces the company’s outgoing CFO, Jacqueline Michael.
Mr. Boisjoli, who is a Fellow Chartered Professional Accountant, is a corporate finance/operational professional with over 30 years of operational and advisory experience. He is the managing director of Atwater Financial Group, a company specializing in financial reporting services for listed mining companies. He is an advisor to various public exploration companies. Mr. Boisjoli was an investment banker with various Canadian securities firms. He is also a Board Member of CPA Professional Liability Plan Inc. and various nonprofit community organizations.
About Lomiko Metals Inc.
The Company holds mineral interests in its La Loutre graphite development in southern Quebec. The La Loutre project site is within the Kitigan Zibi Anishinabeg (KZA) First Nation’s territory. The KZA First Nation is part of the Algonquin Nation, and the KZA traditional territory is situated within the Outaouais and Laurentides regions. Located 180 kilometers northwest of Montreal, the property consists of one large, continuous block with 76 mineral claims totaling 4,528 hectares (45.3 km2).
The Property is underlain by rocks from the Grenville Province of the Precambrian Canadian Shield. The Grenville was formed under conditions that were very favorable for the development of coarse-grained, flake-type graphite mineralization from organic-rich material during high- temperature metamorphism.
Lomiko Metals published an updated Mineral Resource Estimate (MRE) in a NI 43-101 Technical Report and Mineral Resource Estimate Update for the La Loutre Project, Quebec, Canada, prepared by InnovExplo on May 11th, 2023, which estimated 64.7 million tonnes of Indicated Mineral Resources averaging 4.59% Cg per tonne for 3.0 million tonnes of graphite, a tonnage increase of 184%. Indicated Mineral Resources increased by 41.5 million tonnes as a result of the 2022 drilling campaign, from 17.5 million tonnes in 2021 MRE with additional Mineral resources reported down-dip and within marble units resulted in the addition of 17.5 million tonnes of Inferred Mineral Resources averaging 3.51% Cg per tonne for 0.65 million tonnes of contained graphite; and the additional 13,107 metres of infill drilling in 79 holes completed in 2022 combined with the refinement of the deposit and structural models contributed to the addition of most of the Inferred Mineral Resources to the Indicated Mineral Resource category, relative to the 2021 Mineral Resource Estimate. The MRE assumes a US$1,098.07 per tonne graphite price and a cut-off grade of 1.50% Cg (graphitic carbon). The independent and qualified persons for the mineral resource estimate, as defined by NI 43 101, are Marina Iund, P.Geo. (InnovExplo Inc.), Martin Perron, P.Eng. (InnovExplo Inc.)., Simon Boudreau, P.Eng. (InnovExplo Inc.). and Pierre Roy, P.Eng. (Soutex Inc.). The effective date of the estimate is May 11, 2023.
The Company also holds interest in seven early-stage projects in southern Quebec, including Ruisseau, Tremblant, Meloche, Boyd, Dieppe, North Low and Carmin, covering 328 claims in total on 7 early-stage projects covering 18,622 hectares in the Laurentian region of Quebec and within KZA territory.
The stage graphite portfolio consists of 328 claims in total on seven early-stage projects covering 18,622 hectares in southern Quebec. The grades presented below for the Laurentides graphite portfolio were press-released on January 7 th , 2025. ( https://lomiko.com/news/lomiko-metals - encounters-up-to-27-9-graphite-at-its-laurentides-early-stage-projects-including-the-discovery-of-four- new-zones-at-the-ruisseau-project-spanning-over-3-kilometres-long/)
- Ruisseau–grades up to 27.9 percent carbon graphite (“% Cg”) from four distinct high grade mineralized zones that are over 3km long;
- Meloche –grades up to 13.3% Cg from two distinct mineralized clusters;
- Tremblant –grades up to 11.6% Cg from numerous, widespread spot anomalies; and
- Dieppe –grades up to 6.82% Cg from numerous, widespread spot anomalies and a distinct mineralized cluster.
- Boyd–8 samples grades range from 5.61% Cg to 17.10 %Cg with all samples above 5.00% Cg. The technical content regarding the exploration results presented was reviewed by Mark Fekete, P.Geo. who acts as an independent consultant to the Company and is the Qualified Person.
The Yellow Fox Property is located approximately 10 km southwest of the Town of Glenwood NL, and south of the Trans-Canada Highway. The Property occurs within NTS map sheets 02D/14 and 15 with excellent access along several logging and skidder roads originating from Glenwood. The main Yellow Fox showing is located in the central part of License 027536M, 5km from the western end of Gander Lake.
This property is on the same trend as the past-producing antimony mine Beaver Brook, which is located 25km southwest of the property. Yellow Fox is an early-stage exploration property prospective in antimony, gold, and silver where historic works returned samples anomalous in gold (Au), antimony (Sb), lead (Pb), zinc (Zn), and silver (Ag). The trenching exposed the rocks, resulting in grab samples to 59.43g/t Au, 11.10% Sb, 7.00% Zn, 72.90g/t Ag, and 5.50% Pb in arsenopyrite-stibnite veins within altered monzogranite. (See Metals Creek assessment report at https://gis.geosurv.gov.nl.ca/geofilePDFS/Batch2016/002D_0779.pdf )
Lomiko QP relied on the information provided by Metals Creek. Metals Creek QP is Wayne Reid P.Geo. is registered in Newfoundland.
On behalf of the Board,
Gordana Slepcev
CEO & President and Director, Lomiko Metals Inc.
Signed: “Gordana Slepcev”
For more information on Lomiko Metals, review the website at www.lomiko.com . Contact us at 1-833-4-LOMIKO or e-mail: info@lomiko.com .
View source version on businesswire.com: https://www.businesswire.com/news/home/20251129168010/en/
1-833-4-LOMIKO
info@lomiko.com
FAQ**
How does the appointment of Robert Boisjoli as CFO enhance Lomiko Metals Inc. LMR:CC's strategic position, given his 30 years of experience in operational finance within the mining sector?
What impact do the increased mineral resource estimates from the La Loutre project have on the valuation and future strategic plans for Lomiko Metals Inc. LMR:CC?
Can you elaborate on the implications of the La Loutre project's proximity to the Kitigan Zibi Anishinabeg First Nation's territory for Lomiko Metals Inc. LMR:CC's operational and community relations strategies?
What specific steps is Lomiko Metals Inc. LMR:CC taking to advance its early-stage projects in Quebec, and how do these initiatives align with the company's long-term growth objectives in the graphite market?
**MWN-AI FAQ is based on asking OpenAI questions about Lomiko Metals Inc (OTC: LMRMF).
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