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Limitless Venture Group Inc (OTCMKTS: LVGI) Running Northbound as Co Posts Record Q3 Revenues

Limitless Venture Group Inc (OTCMKTS: LVGI) has seen a significant run up after the Company announced it has posted another record quarterly revenue of $481,465 and the sixth consecutive quarterly earnings growth. LVGI subsidiary Rokin is setting the…

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Limitless Venture Group Inc (OTCMKTS: LVGI) has seen a significant run up after the Company announced it has posted another record quarterly revenue of $481,465 and the sixth consecutive quarterly earnings growth. LVGI subsidiary Rokin is setting the market on fire and quickly becoming the most recognized company in leading vape technology. Rokin is producing vapes with the most powerful electronic dab straw on the market. No longer will customers need to rely on the older, and not always reliable, and more expensive concentrate pen technology with this impressive handheld device which costs less than $100.  

LVGI was trading as high as $0.25 in February but has dropped to recent lows of $0.01 before the recent runup and investors are looking for a little traction here and a strong move over the $0.05 mark. . Rokin has been doing impressive numbers and is establishing itself as an industry leader, delivering on its mission of ingenuity, high quality and value-oriented products that are growing rapidly in popularity. Earlier this year Rokin reported it has achieved record revenue for the month of May, 2021. Rokin’s revenue for the month of May 2021 was $196,803, primarily due to the launch and robust sales of several new products such as the Stinger Vaporizer, which uses a uniquely designed heated ceramic tip combined with a removable water-filtration chamber.  

Limitless Venture Group Inc (OTCMKTS: LVGI) provides its shareholders with access to leading small and medium-sized businesses focused on growth. Leveraging its permanent capital base, disciplined long-term approach, and actionable expertise, LVGI owns controlling interests in its subsidiaries as it partners with management teams to build businesses with the capacity to unlock significant value for its shareholders. LVGI is Comprised of These Three Organizations 

Jasper Benefit Solutions, LLC (JBS), founded in 2018 with headquarters just outside Nashville, TN, is a Managing General Underwriter (MGU) specializing in risk management services for small to medium self-funded employer “Groups”. MGUs, unlike general agents within insurance industries, are certified to underwrite health and life benefits policies on behalf of their carrier-partners. Jasper’s niche is the unique ability and authorization from a well-known, nationally recognized insurance carrier to underwrite Groups as small as five (5) employees as well as offering limited benefit insured products for groups with part-time employees not able to participate in their health plans. 

Rokin, Inc. was founded in 2016 with a mission to provide our customers with the highest quality, technology-driven vaping products available while providing exceptional customer service. Rokin Vapes are rigorously tested by Rokin and multiple consumer focus groups to ensure the products meet strict quality standards before any production takes place. After a product is selected and production complete, the product is certified to the latest FCC, CE standards (which are required for all vaping products) but then Rokin goes above and beyond to certify our vaping products to the latest RoHS standard, which restricts the use of six hazardous materials commonly found in electronic products. 

Keto Sports products flush the body with ketones, raising blood ketone levels within a few minutes. Because the body and brain use ketones as its preferred energy source and are used first for energy demands, Keto Sports products are essential for anyone who wants to prolong energy reserves for their athletic events or for those who just want to benefit from carb-free, stimulant-free mental energy and enhanced acuity. 

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LVGI subsidiary Rokin is setting the market on fire and quickly becoming the most recognized company in leading vape technology. Rokin is producing vapes with the most powerful electronic dab straw on the market. No longer will customers need to rely on the older, and not always reliable, and more expensive concentrate pen technology with this impressive handheld device which costs less than $100. Rokin is establishing itself as an industry leader, delivering on its mission of ingenuity, high quality and value-oriented products that are growing rapidly in popularity. Earlier this year Rokin reported it has achieved record revenue for the month of May, 2021. Rokin’s revenue for the month of May 2021 was $196,803, primarily due to the launch and robust sales of several new products such as the Stinger Vaporizer, which uses a uniquely designed heated ceramic tip combined with a removable water-filtration chamber. The Stinger features a durable metal body and an easy to fill water chamber that cools down the vapor to a comfortable temperature and enhances the flavor of concentrates. 

Last month the Company made a strategic commitment to fund its fast-growing subsidiary Rokin, Inc. for the next four years with a $200,000 injection of capital and a further commitment of $800,000 over the next four years. Management has developed a detailed 2-year forecast, projecting a realistic growth path that will begin to provide significant revenue sharing for LVGI within the next 12 months and annual revenues at around $3 Million by end of 2022. Rokin has been doing an incredible job of building a trusted brand in the cannabis and CBD market place which will provide an incredible opportunity for expansion in the near future.  

LVGI is on the move after LVGI announced it has posted another record quarterly revenue of $481,465 and the sixth consecutive quarterly earnings growth. 

Joseph Francella, CEO, states ” We are ecstatic that we have been able to achieve this type of quarter over quarter revenue growth with just our current subsidiaries, especially during a time when the Covid 19 pandemic has been such a difficult period for businesses to navigate.” Additionally, ” we’re working on another great quarter and the best annual revenues in company history. Even with all this great news, we are not sitting still and resting on our laurels, we are diligently searching for, and planning on making, strategic acquisitions when the time and the businesses are the correct fit for LVGI and its current subsidiaries”. 

“The fact that we are showing such strong growth during these last 6 quarters, is a testament to everyone who is involved with LVGI. I am really proud to be around so many great people who are all working together to make LVGI a great company to invest in, work with and grow with.” states Devon Diaz, COO. 

“We are extremely pleased with this year’s increased revenue,” said Daryl Bauer, CEO, Rokin. “The successful introduction of our new products like the Stinger and the Dial, in concert with solid sellers like the Mini Tank and our line of accessories and cases has made this period one of strong growth. Furthermore, Rokin is benefiting in a big way from the support provided by LGVI when it comes to inventory and marketing.” 

LVGI is at the right place at the right time; according to Transparency Market Research’s latest research report on the global cannabis vaporizers market for the historical period of 2017-2019 and the forecast period of 2021-2031, rapid increase in the usage of vaporizers in regions such as North America is providing lucrative opportunities for the global cannabis vaporizers market. In terms of revenue, the global cannabis vaporizers market is expected to reach the value of US $26.52 Bn by 2031, expanding at a CAGR of 14.1% during the forecast period. 

For More on LVGI Subscribe Right Now!

LVGI has seen a significant run up after the Company announced it has posted another record quarterly revenue of $481,465 and the sixth consecutive quarterly earnings growth. LVGI subsidiary Rokin is setting the market on fire and quickly becoming the most recognized company in leading vape technology. Rokin is producing vapes with the most powerful electronic dab straw on the market. No longer will customers need to rely on the older, and not always reliable, and more expensive concentrate pen technology with this impressive handheld device which costs less than $100. LVGI was trading as high as $0.25 in February but has dropped to recent lows of $0.01 before the recent runup and investors are looking for a little traction here and a strong move over the $0.05 mark. . Rokin has been doing impressive numbers and is establishing itself as an industry leader, delivering on its mission of ingenuity, high quality and value-oriented products that are growing rapidly in popularity. Earlier this year Rokin reported it has achieved record revenue for the month of May, 2021. Rokin’s revenue for the month of May 2021 was $196,803, primarily due to the launch and robust sales of several new products such as the Stinger Vaporizer, which uses a uniquely designed heated ceramic tip combined with a removable water-filtration chamber. We will be updating on LVGI when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with LVGI.

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Disclosure: we hold no position in LVGI either long or short and we have not been compensated for this article.

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What Are the Advantages of Wind Energy and Solar Energy?

Wind power and solar power are considered the two primary choices for clean energy.As clean technologies, both solar energy and wind power significantly decrease pollution and have minimal operational costs. These are attractive reasons to make the switch

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Wind power and solar power are considered the two primary choices for clean energy.

As clean technologies, both solar energy and wind power significantly decrease pollution and have minimal operational costs. These are attractive reasons to make the switch to clean energy solutions — but there's certainly more to wind and solar energy than that.

Here the Investing News Network provides a brief introduction to wind energy and solar energy, from the advantages of renewable energy to the future outlook for these clean energy technologies.


What are wind energy and solar energy?


Putting it simply, wind energy is the process of using the air flowing through wind turbines to automatically generate power by converting the kinetic energy in wind into mechanical power.

Wind energy can provide electricity for utility grids and homes, and can be used to charge batteries and pump water. The three main kinds of wind power are broken down as follows by the American Wind Energy Association:

  • Utility-scale wind: Wind turbines bigger than 100 kilowatts that deliver electricity to power grids and end users via electric utilities or power system operators.
  • Distributed wind: Wind turbines smaller than 100 kilowatts that are used to directly provide power to homes, farms or small businesses.
  • Offshore wind: Wind turbines placed in large bodies of water, generally on the continental shelf.

Interestingly, wind energy can also be considered an indirect form of solar energy. That's because winds are widely described as being caused by the uneven heating of the atmosphere by the sun, the irregularities of the Earth's surface and rotation of the Earth.

Solar power is energy derived from the sun's rays and then converted into thermal or electrical energy.

According to the Solar Energy Industries Association, solar energy can be created in the following three ways: photovoltaics, solar heating and cooling and concentrating solar power.

  • Photovoltaics: Generates electricity directly from sunlight via an electronic process to power small electronics, road signs, homes and large commercial businesses.
  • Solar heating and cooling: Uses the heat generated by the sun to provide water heating or space heating and cooling.
  • Concentrating solar power: Uses the heat generated by the sun to run traditional electricity-generating turbines.

What are the advantages of wind energy and solar energy?


With the basics of wind and solar energy in mind, let's look at the advantages of these two clean energy sources.

As carbon-free, renewable energy sources, wind and solar can help reduce the world's dependence on oil and gas. These carbon fuels are responsible for harmful greenhouse gas emissions that affect air, water and soil quality, and contribute to environmental degradation and climate change.

Aside from that, wind and solar energy can give homeowners and businesses the ability to generate and store electricity onsite, giving them backup power when their needs cannot be filled by the traditional utilities grid.

For example, during California's most recent wildfire season, large-scale utilities companies such as PG&E (NYSE:PCG) shut off power to tens of thousands of people in an effort to prevent fires like those linked to downed power lines. In cases like this, solar energy generated onsite could not only help fight climate change, but also act as a reliable backup source of energy.

Solar panel installations are easy to do and can also create energy bill savings. In some regions, users may qualify for tax breaks or energy rebates if they produce excess energy that can be delivered to the utility grid. In Canada, there are at least 78 clean energy incentive programs available that offer a combined total of 285 energy-efficiency rebates and 27 renewable energy rebates.

Both solar energy and wind energy are on the path to becoming the world's most affordable sources of energy.

"Land-based utility-scale wind is one of the lowest-priced energy sources available today, costing 1-2 cents per kilowatt-hour (kWh) after the production tax credit," according to the US Department of Energy. "Because the electricity from wind farms is sold at a fixed price over a long period of time (e.g. 20+ years) and its fuel is free, wind energy mitigates the price uncertainty that fuel costs add to traditional sources of energy."

The price of harnessing the sun's power is dropping each year due to technology advancements. In fact, the cost of residential photovoltaic solar power has slid from US$0.50 per kWh in 2010 to US$0.128 per kWh in 2020, according to US Department of Energy figures. The US agency estimates that solar costs will fall further to US$0.05 by 2030. On a grander scale, utility photovoltaic costs already sat at only US$0.045 as of 2020.

Future outlook for wind energy and solar energy


Looking ahead for wind energy, the Global Wind Energy Council estimates that 435 gigawatts (GW) of new capacity will be added from 2021 to 2025. Government support will be a key driver, giving way to market-based growth.

"The world needs to be installing an average of 180 GW of new wind energy every year to limit global warming to well below 2°C above pre-industrial levels," state the report's authors, "and will need to install up to 280 GW annually from 2030 onwards to maintain a pathway compliant with meeting net zero by 2050."

As for solar energy, the International Energy Association's (IEA) World Energy Outlook 2021 report pegs solar as now cheaper than coal. Along with wind energy, solar energy is expected to make up 80 percent of the global electric energy market by 2030. "Since 2016, global investment in the power sector has consistently been higher than in oil and gas supply," explains the IEA report. "The faster that clean energy transitions proceed, the wider this gap becomes, and as a result electricity becomes the central arena for energy-related financial transactions."

Lux Research predicts that the transition from fossil fuels to renewable energy sources will be accelerated by several years due to the impact COVID-19 is having on energy markets all over the world.

The firm notes that economic relief packages contain trillions of dollars for renewable energy technology research and development, and for the deployment of low- and zero-carbon infrastructure. By 2025, Lux sees COVID-19 resulting in accelerated investment in energy storage and power-generation projects.

Ways to invest in wind and solar energy


There are many investment opportunities in the renewable energy markets.

For investors interested in wind energy, there is the First Trust ISE Global Wind Energy Index Fund (ARCA:FAN), which was created on June 16, 2008. It tracks 50 holdings, including wind energy giants Vestas Wind Systems (OTC Pink:VWSYF), Boralex (TSX:BLX) and Siemens Gamesa Renewable Energy (OTC Pink:GCTAF), to name a few.

Our list of renewable energy stocks on the TSX may also be worth considering.

This is an updated version of an article first published by the Investing News Network in 2018.

Don't forget to follow us @INN_Technology for real-time news updates!

Securities Disclosure: I, Melissa Pistlli, hold no direct investment interest in any company mentioned in this article.

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Fabled Definition Drilling to the East Continues to Add to Deposit Modelling

Fabled Silver Gold Corp. ("Fabled" or the "Company") (TSXV:FCO)(OTCQB:FBSGF)(FSE:7NQ) announces the results of surface diamond drilling from the upgraded 14,400 -meter drill program on the "Santa Maria" Property in Parral, Mexico Peter J. Hawley, CEO…

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Fabled Silver Gold Corp. ("Fabled" or the "Company") (TSXV:FCO)(OTCQB:FBSGF)(FSE:7NQ) announces the results of surface diamond drilling from the upgraded 14,400 -meter drill program on the "Santa Maria" Property in Parral, Mexico

Peter J. Hawley, CEO and President, remarks, "Planned definition hole SM20-43 was designed to fill in a drill poor gap in the past resource area. Of interest to note is the lack of or decrease of gold values found in drilling to the east. See Figure 1 below.

Figure 1 - Longitudinal View of Area of Current Drilling

SM20-43

Definition Diamond Drill Hole SM20-43 was drilled at a dip or angle of -73 degrees for a total drilled length of 204 meters and designed to hit the targeted zone at -125 meters below surface.

The hole was also successful in intercepting 6 silver, with little to no gold, bearing zones of interest before hitting the targeted zone, see Figure 2, Table 1, and Photos 1, 2 and 3 below.

Figure 2 - Cross Section Diamond Drill Hole SM20-43

The first intercept of interest, which was shallow, began at 51 meters and returned 3.00 meters grading 29.27 Ag Eq followed by 1.70 meters grading 24.20 g/t Ag Eq in an oxidized breccia. This interval has anomalous gold mineralization

Further down the hole at 58.70 - 60.00 meters another similar breccia was encountered and returned 1.30 meters grading 41.21 g/t Ag Eq. Very low anomalous gold was reported. See Figure 2 above, Table 1.

From 75.00 - 88.50 meters a strong, well developed polymictic breccia was encountered over the entire 13.50 meters. The breccia was composed mostly of limestone clasts, poorly sorted with 20-25% disseminated sulphides with some replacement textures, sulphides contained within the clasts, (primary) as well as renealing the breccia, (secondary). The upper contact of the breccia returned 21.53 Ag Eq over 1.50 meters, at 78 meters the breccia returned 68.77 g/t Ag Eq over 1.50 meters followed by 1.50 meters of 37.14 g/t Ag Eq at 82.50 meters and on the lower contact 20.81 g/t Ag Eq over 1.50 meters at 87.00 meters. See Figure 2 above, Table 1 and Photos 1 and 2 below.

Photo 1 - SM20-43 Drill Core

Note, that as described above, certain clasts within the breccia contain sulphides, (primary) and the matrix around the clasts contains up to 25% sulphides, (secondary). Question is, which sulphides have the silver mineralization and where is the source rock of the breccia clasts with primary sulphides and why is there little to no gold mineralization?

Photo 2 - SM20-43 Drill Core

At 126.80 - 131.3 a grayish hydrothermal breccia was encounter, with the upper and lower contacts oxidized with quartz and sulphides in the matrix. The upper contact returned 1.60 meters grading 40.61 g/t Ag Eq and the lower contact reported 41.33 g/t Ag Eq.

See Figure 2 above, Table 1 and Photo 3 below.

Photo 3 - SM20-42 Drill Core

From the lower contact of the oxidized breccia at 131.30 meters the next 34.40 meters was composed of a polymictic breccia similar to that seen above from 75 - 88 meters, see Photo 1 and note similarities.

Table 1- SM20-43 Drill Hole Assay Results

Drill Hole

From m

To

m

Width m

Au g/t

Ag g/t

Ag Eq* g/t

Pb %

Zn %

Cu %

SM20-43

51.00

54.00

3.00

0.12

23.10

29.27

0.01

0.05

0.00

54.00

55.70

1.70

0.14

17.00

24.20

0.02

0.08

0.00

58.70

60.00

1.30

0.01

40.70

41.21

0.01

0.05

0.00

75.00

76.50

1.50

0.02

20.50

21.53

0.02

0.02

0.01

78.00

79.50

1.50

0.05

66.20

68.77

0.04

0.01

0.00

82.50

84.00

1.50

0.03

35.60

37.14

0.02

0.01

0.00

87.00

88.50

1.50

0.01

20.30

20.81

0.01

0.01

0.00

126.80

128.40

1.60

0.01

40.10

40.61

0.02

0.00

0.00

129.40

131.30

1.90

0.16

33.10

41.33

0.07

0.01

0.00

  • ** Ag Equivalent ("Ag Eq") grade is calculated using $20 per ounce Ag and $1,600 Au.

Summary

Hole SM20-43 was successful in providing valuable information in this drill poor area. The 7 zones of interest, the breccias and related mineralization will now start to be modeled into our bigger picture of the controls of the types of mineralization on the property.

This not only includes the assay data but also structures intercepted, mineralized sheeted veins in dikes and related breccias will provide a comprehensive detailed view of this section and maybe applied to other parts of the property.

As previously reported definition drill hole SM20-42 which is located approximately 200 meters west of hole 43 being reported, hole 42 reports gold values with lesser silver values while here we see only silver values with little to no gold. In 200 meters something has changed to the system, perhaps going from a hydrothermal system to a epithermal system? This will be further investigated.

Definition diamond drill hole SM20-44 is located approximately 75 meters to the east and again has been defined to fill in a drill poor area. Holes SM20-44 - 48 have been completed, hole 44-47 have been submitted for assay.

See Figure 3 below.

Figure 3

QA QC Procedure

Analytical results of sampling reported by Fabled Silver Gold represent core samples that have been sawn in half with half of the core sampled and submitted by Fabled Silver Gold staff directly to ALS Chemex, Chihuahua, Chihuahua, Mexico. Samples were crushed, split, and pulverized as per ALS Chemex method PREP-31, then analyzed for ME-ICP61 33 element package by four acid digestion with ICP-AES Finish. ME-GRA21 method for Au and Ag by fire assay and gravimetric finish, 30g nominal sample weight.

Over Limit Methods

For samples triggering precious metal over-limit thresholds of 10 g/t Au or 100 g/t Ag, the following is being used:

Au-GRA21 Au by fire assay and gravimetric finish with 30 g sample.

Ag-GRA21 Ag by fire assay and gravimetric finish.

Fabled Silver Gold monitors QA/QC using commercially sourced standards and locally sourced blank materials inserted within the sample sequence at regular intervals.

About Fabled Silver Gold Corp.

Fabled is focused on acquiring, exploring and operating properties that yield near-term metal production. The Company has an experienced management team with multiple years of involvement in mining and exploration in Mexico. The Company's mandate is to focus on acquiring precious metal properties in Mexico with blue-sky exploration potential.

The Company has entered into an agreement with Golden Minerals Company (NYSE American and TSX: AUMN) to acquire the Santa Maria Property, a high-grade silver-gold property situated in the center of the Mexican epithermal silver-gold belt. The belt has been recognized as a significant metallogenic province, which has reportedly produced more silver than any other equivalent area in the world.

Mr. Peter J. Hawley, President and C.E.O.
Fabled Silver Gold Corp.
Phone: (819) 316-0919
peter@fabledfco.com

For further information please contact:

info@fabledfco.com

The technical information contained in this news release has been approved by Peter J. Hawley, P.Geo. President and C.E.O. of Fabled, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

Neither the TSX Venture Exchange nor its Regulations Service Provider (as that term is defined in the policies of the TSX Venture Exchange) does accept responsibility for the adequacy or accuracy of this news release.

Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.

Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital

on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

SOURCE: Fabled Silver Gold Corp



View source version on accesswire.com:
https://www.accesswire.com/676266/Fabled-Definition-Drilling-to-the-East-Continues-to-Add-to-Deposit-Modelling

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Lomiko Metals Announces Annual General and Special Meeting Results

Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) ("Lomiko Metals" or the "Company") is pleased to announce that on December 6, 2021 it held its Annual General and Special Meeting of Shareholders (the "Meeting"). A total of 75,146,069 common shares..

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Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) ("Lomiko Metals" or the "Company") is pleased to announce that on December 6, 2021 it held its Annual General and Special Meeting of Shareholders (the "Meeting"). A total of 75,146,069 common shares (31.56% of the outstanding common shares) were represented at the Meeting in person or proxy.

At the first meeting of the newly constituted Board of Directors held immediately after the Meeting, Belinda Labatte was elected to serve as Chief Executive Officer and Director, Gordana Slepcev as Chief Operating Officer and Vince Osbourne as Chief Financial Officer until the next annual general meeting of the Company. The Board also elected Sagiv Shiv to serve as the Company's Audit Committee Chair until the next annual general meeting of the Company.

Belinda Labatte, CEO and Director, said: "I am pleased to announce our board of directors renewal process is now complete. Our board represents a diverse and experienced group of professionals with Ms. Anu Dhir appointed as Lead Independent Director, A. Paul Gill continuing in his role as Executive Chair and Mr. Sagiv Shiv serving as Chair of the Audit Committee. Together with this board of directors who represent First Nations, Indigenous, Quebec and Canadian values and interests, we are creating a new energy future in Canada by building a meaningful portfolio of critical minerals assets. We are committed to advancing our graphite project La Loutre from PEA ('Preliminary Economic Assessment') to PFS ('Preliminary Feasibility Study') in 2022 and look forward to working with all our stakeholders on the improvement and de-risking of this project through an exploration campaign, metallurgical, engineering and environmental baseline studies. We will provide updates as we advance these studies in the new year."

1. The Number of Directors

The number of Directors to be set at seven (7) was approved by a resolution passed by a vote by ballot with 59,633,336 (98.28%) total votes cast "FOR" and 1,040,547 (1.71%) votes cast "AGAINST".

2. Election of Directors

Each of the following individuals was elected as directors of the Company as approved by a vote by ballot, for a term expiring at the conclusion of the next annual meeting of shareholders of the Company or until their successors are elected or appointed, as follows:

Name

Votes "For" (%)

Votes "Withheld" (%)

A Paul Gill

60,429,146 (99.86%)

84,592 (0.14%)

Belinda Labatte

60,109,603 (99.07%)

564,280 (0.93%)

Eric Levy

60,266,294 (99.32%)

407,589 (0.67%)

Sagiv Shiv

60,391,844 (99.53%)

282,039 (0.46%)

Anu Dhir

60,444,291 (99.62%)

229,592 (0.37%)

Dominique Dionne

59,516,798 (98.09%)

1,157,085 (1.90%)

Lee Arden Lewis

59,529,741 (98.11%)

1,144,142 (1.88%)

3. Appointment of Auditor

The appointment of Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional Accountants, as the auditors of the Company, and the authorization for the directors to fix the remuneration to be paid to the auditors, was approved by a resolution passed by a vote by ballot, with 75,050,235 (99.87%) total votes cast "FOR" and 95,834 (0.12%) total votes "WITHHELD".

4. 2021 Omnibus Incentive Plan

The 2021 Omnibus Incentive Plan was approved by a resolution passed by a vote by ballot with 58,993,551 (97.23%) total votes cast "FOR" and 1,680,432 (2.77%) total votes cast "AGAINST".

5. Approval to the Extension of Closing the Sale of the Company's Subsidiary– Special Resolution

The approval to the extension of the closing date of the sale of the Company's wholly-owned subsidiary in accordance with the Business Corporations Act (BC) to Prometheus Technologies Inc was approved by a special resolution passed by a vote by ballot, with 60,621,629 (99.91%) total votes cast "FOR" and 52,254 (0.08%) total votes cast "AGAINST". The resolution was a non-arm's length transaction.

Interested shareholders can view the Company's Investor presentation which was recorded at the AGM at the following link: https://lomiko.com/agm-materials/

About Lomiko Metals Inc.

Lomiko Metals has a new vision and a new strategy in new energy. Lomiko represents a company with purpose: a people-first company where we can manifest a world of abundant renewable energy with Canadian and Quebec critical minerals for a solution in North America. Our goal is to create a new energy future in Canada where we will grow the critical minerals workforce, become a valued partner and neighbour with the communities in which we operate, and provide a secure and responsibly sourced supply of critical minerals.

The Company holds a 100% interest in its La Loutre graphite development in southern Quebec. The La Loutre project site is located within the Kitigan Zibi Anishinabeg (KZA) First Nations territory. The KZA First Nations are part of the Algonquin Nation and the KZA territory is situated within the Outaouais and Laurentides regions.​ Located 180 kilometres northwest of Montreal, the property consists of 1 large, continuous block with 48 minerals claims totaling 2,867 hectares (28.7km 2 ). Lomiko Metals published a Preliminary Economic Assessment ("PEA") on September 10, 2021 which indicated the project had a 15 year mine life producing per year 100,000 tonnes of the graphite concentrate at 95%Cg or a total of 1.5Mt of the graphite concentrate. This report was prepared as National Instrument 43-101 Technical Report for Lomiko Metals Inc. by Ausenco Engineering Canada Inc., Hemmera Envirochem Inc., Moose Mountain Technical Services, and Metpro Management Inc., collectively the Report Authors. The Bourier project site is located near Nemaska Lithium and Critical Elements south-east of the Eeyou Istchee James Bay territory in Quebec which consists of 203 claims, for a total ground position of 10,252.20 hectares (102.52 km2), in Canada's lithium triangle near the James Bay region of Quebec that has historically housed lithium deposits and mineralization trends.

Mr. Mike Petrina, Project Manager, a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects , has reviewed and approved the technical disclosure in this news release.

For more information on Lomiko Metals, review the website at www.lomiko.com , contact Belinda Labatte at 647-402-8379 or email: info@lomiko.com .

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Company; and any other information herein that is not a historical fact may be "forward-looking information" ("FLI"). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include words such as "anticipates", "plans", "continues", "estimates", "expects", "may", "will", "projects", "predicts", "proposes", "potential", "target", "implement", "scheduled", "intends", "could", "might", "should", "believe" and similar words or expressions. FLI in this new release includes, but is not limited to: the Company's objective to become a responsible supplier of critical minerals, exploration of the Company's projects, including expected costs of exploration and timing to achieve certain milestones, including timing for completion of exploration programs; the Company's ability to successfully fund, or remain fully funded for the implementation of its business strategy and for exploration of any of its projects (including from the capital markets); any anticipated impacts of COVID-19 on the Company's business objectives or projects, the Company's financial position or operations, and the expected timing of announcements in this regard. FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. This FLI reflects the Company's current views about future events, and while considered reasonable by the Company at this time, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation: current market for critical minerals; current technological trends; the business relationship between the Company and its business partners; ability to implement its business strategy and to fund, explore, advance and develop each of its projects, including results therefrom and timing thereof; the ability to operate in a safe and effective manner; uncertainties related to receiving and maintaining exploration, environmental and other permits or approvals in Quebec; any unforeseen impacts of COVID-19; impact of increasing competition in the mineral exploration business, including the Company's competitive position in the industry; general economic conditions, including in relation to currency controls and interest rate fluctuations.

The FLI contained in this news release are expressly qualified in their entirety by this cautionary statement, the "Forward-Looking Statements" section contained in the Company's most recent management's discussion and analysis (MD&A), which is available on SEDAR at www.sedar.com , and on the investor presentation on its website. All FLI in this news release are made as of the date of this news release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

On behalf of the Board,

Belinda Labatte

CEO and Director, Lomiko Metals Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211207005743/en/

Belinda Labatte
647-402-8379
info@lomiko.com

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