Lomiko Metals Inc. (TSX.V: LMR) has announced an amendment to its Option Agreement with Critical Elements Lithium Corporation. Both parties will adjust the second option, allowing Lomiko to increase its Bourier project stake from 49% to 70%. The project sits in Quebec’s Eeyou Istchee James Bay territory, totaling 10,252.20 hectares.
Lomiko must fulfill a series of commitments by December 31, 2025, including a $250,000 cash payment, the issuance of 2,500,000 common shares, a $2,000,000 exploration expenditure, and delivering a NI 43-101 compliant resource estimate.
Investor Event Announcements
CEO Belinda Labatte will present at two major upcoming investor events. Firstly, she’ll speak at the Battery and Precious Metals Virtual Investor Conference on February 1, 2024. Secondly, she will address attendees at the PDAC in Toronto, from March 3 to 6, 2024.
About Lomiko Metals Inc.
Lomiko Metals Inc. engages in the exploration and development of graphite mining projects, notably the La Loutre project. It features high-potential graphite mineralization suitable for developing critical minerals for technological applications.
Updated Mineral Resource Estimate
The latest resource estimate for the La Loutre project shows a significant increase in indicated mineral resources, underpinning the company’s future prospects in graphite production.
Gordana Slepcev or Belinda Labatte can be reached at 1-833-456-6456 or by emailing email@example.com. Community and media enquiries can also be directed to the same communication channels.
The content presented on this page has not been manually verified by our team. While we strive to ensure accuracy, we cannot guarantee the validity, completeness, or timeliness of the information provided. Always consult with appropriate professionals or sources before making any decisions based on this content.
The image is randomly selected and doesn’t necessarily represent the company or the news below.