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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

News Provided by Business Wire via QuoteMedia

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Economics

How Inflation Impacts Penny Stocks and the Stock Market 

Use these tips for trading penny stocks with high inflation
The post How Inflation Impacts Penny Stocks and the Stock Market  appeared first on Penny…

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3 Ways That Inflation Impacts Investing in Penny Stocks

When it comes to trading penny stocks, investors need to know everything that is going on in the stock market. Inflation is a huge factor when it comes to penny stocks, especially in the past few months. When inflation rates are high, stocks become more expensive, and this can have a negative impact on the stock market. 

In order to make money with penny stocks, investors need to be aware of how inflation impacts the stock market so they can make the necessary adjustments to their investment. Now, while inflation is always a factor, over the last year or so, this has been dramatized due to the effects of the pandemic. And more recently, we have begun to see some positivity regarding inflation. 

[Read More] Best Penny Stocks To Buy? 4 EV Stocks To Watch Thanks To TSLA Stock

So, while we are in no way out of the woods yet, we have seen that inflation is the main contributor to market movement in the past couple of months. As a result, stocks have become more expensive, but we are seeing some relief from the inflation rates.

This is good news for investors, and it is something to keep an eye on in the coming months as we continue to see the effects of the pandemic play out. Considering all of this, let’s take a closer look at how inflation could continue to impact penny stocks moving forward.

3 Ways That Inflation Could Impact Penny Stocks

  1. Higher Volatility Than Usual
  2. Cheaper Penny Stocks to Buy
  3. Long Term Value

Higher Volatility Than Usual

We all know that volatility with penny stocks and blue chips has been higher than usual in the past few months. And, when we look at the reasons behind it, inflation is one of the key drivers.

What is inflation? It’s simply a sustained increase in the price level of goods and services in an economy. And while a little bit of inflation is actually good for stocks (it boosts company profits), too much inflation can lead to problems.

Why does inflation cause more volatility in stocks? Well, when inflation is higher than expected, it can lead to concerns about future economic growth. This can cause investors to sell stocks and move into investments that are perceived as being safer. This selling can lead to increased volatility in the stock market. In addition, we have movement due to panic selling and buying, which can exacerbate the problem.

[Read More] Best Penny Stocks to Buy As Inflation Drops, 3 to Watch 

So what can investors do to protect themselves from inflation-induced volatility? First, it’s important to keep a close eye on inflation data. If inflation is rising faster than expected, it may be time to take a closer look at your portfolio and make sure that you’re not too exposed to stocks.

Second, don’t forget that stocks are not the only investment option out there. There are plenty of other options, such as bonds and real estate, that can provide diversification and help protect your portfolio from inflation-induced volatility.

Cheaper Penny Stocks to Buy

When it comes to finding penny stocks to buy, inflation can lead to losses in the stock market. This means that many penny stocks can be bought up for less money, but they may not be worth as much when it comes to future earnings. Inflation can also make stocks harder to sell, since their prices are lower than what they were purchased for.

This can be frustrating for investors who are trying to make a profit in the stock market. Now, in the short term, these low values mean that stocks may be a good investment. However, over the long term, it is critical to see what happens with this value and whether or not it can be maintained. So, while finding cheap penny stocks to buy is more than doable, always remember the length of your investment goal.

Long Term Value

With many penny stocks trading at low prices, inflation can cause the stocks to go up in value over the long term. Inflation is often thought of as something that devalues money, and in a sense, it does. But inflation can also have a positive effect on stocks and other investments.

penny stocks value

For example, let’s say you buy a stock for $1 per share. Inflation rises, and the next year, the same stock is selling for $2 per share. The purchasing power of your dollar has decreased, but the value of your stocks has doubled. In this way, inflation can create long-term value in the stock market.

Of course, inflation is not the only factor that affects stocks. The overall performance of the stock market is also influenced by economic conditions, company earnings, and many other factors. However, over the long term, inflation can have a positive effect on penny stocks if you understand where that value is.

3 Penny Stocks to Watch This Coming Week

  1. Aquestive Therapeutics Inc. (NASDAQ: AQST)
  2. Edgio Inc. (NASDAQ: EGIO)
  3. Comstock Inc. (NYSE: LODE)

Which Penny Stocks Are You Watching Right Now?

If you’re looking for penny stocks to buy, there are hundreds to choose from. But how do you know which penny stocks are worth your investment? There are a few things to look for when considering penny stocks. The first thing to consider is what your trading strategy is and how to take advantage of penny stocks. 

[Read More] 5 Top Penny Stocks To Watch Today With High Short Interest

Are you looking for stocks that are undervalued and have the potential to make a quick profit? Or are you looking to hold onto stocks for the long haul? While it is not easy to trade penny stocks, it can be much simpler with the right information on hand. Considering that, which penny stocks are you watching right now?

If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel. CLICK HERE RIGHT NOW!!

The post How Inflation Impacts Penny Stocks and the Stock Market  appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Stocks

Peloton reveals new measures to cut costs

Peloton Interactive Inc (NASDAQ: PTON) is up 15% on Friday after the connected fitness company made a string of announcements that reiterated its commitment…

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Peloton Interactive Inc (NASDAQ: PTON) is up 15% on Friday after the connected fitness company made a string of announcements that reiterated its commitment to “profitability”.

Peloton is cutting jobs

The Nasdaq-listed firm says it will cut 780 jobs (including in-house support team) and shutter an undisclosed number of retail locations to minimise costs. It also partnered with 3rd party providers to quit last-mile logistics. In a memo to employees, CEO Barry McCarthy wrote:

The shift of our final mile delivery to 3PLs will reduce our per-product delivery costs by up to 50%. These expanded partnerships mean we can ensure we have the ability to scale up and down as volume fluctuates.

Once a pandemic darling, the Peloton stock is currently down more than 65% versus its year-to-date high in early February. Still, Wall Street currently has a consensus “overweight” rating on PTON.

Peloton is raising prices

Store closures, as per Peloton, will start in 2023. On top of that, the fitness equipment manufacturer announced a $500 and $800 increase in the price of its Bike+ and Tread, respectively.

Earlier this year, PTON terminated in-house production and doubled down on its agreement with Taiwan-based Rexon Industrial. CEO McCarthy has been announcing these moves since he joined in February to put the company on the path to profitability.

Peloton Interactive is expected to report its results for the fiscal fourth quarter on August 25th. Consensus is for it to lose 71 cents a share (unchanged from last year) on $722 million in revenue (down 23% year-over-year).  

The post Peloton reveals new measures to cut costs appeared first on Invezz.

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Economics

Best Stocks to Buy in August 2022

The markets have seen positive growth over the past month. That being said, the best stocks to buy in August will see much greater returns.
The post Best…

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Stocks rose again today as the S&P 500 had its fourth positive week in a row, gaining 0.6%. The DJIA (Dow Jones Industrial Average) rose about 0.5% and Nasdaq 0.7%. That being said, the best stocks to buy in August 2022 will see much greater returns. Is the bear market run finally over? Is this a sign that inflation is slowing down?

At the beginning of 2022, the S&P 500 was trading at just under $4,800. And since a June low of $3,600, the S&P 500 has recovered quite nicely, now reaching over $4,200 and climbing. The Nasdaq has seen similar results, increasing 14.5% in the past month alone.

But with all of this increased market activity, where should investors be looking? For the answer, we looked to our very own IU Einstein’s latest picks for the best stocks to buy in August 2022.

The Best Stocks to Buy in August 2022

Technical Options Expert Bryan Bottarelli on the best stocks to buy in August 2022…

Bryan BottarelliStarbucks (Nasdaq: SBUX)

Last week, Starbucks released quarterly results, which beat estimates on the top and bottom lines. Specifically…

  • Revenues of $8.15 billion beat the expectation of $8.14 billion.
  • Adjusted earnings per share (EPS) of $0.84 beat the expectation of $0.76.
  • U.S. same-store sales growth of 9% beat the expectation of 8.85%.

So you have a company that’s outperforming in the midst of a multitude of pressures – including 40-year inflation highs, a recession risk, rising labor costs and unionization efforts.

Despite the risk of consumers pulling back on discretionary spending, “Starbies” (as my daughter calls it) continues to grow.

Read the full article here

Chief Investment Expert Alexander Green on the best stocks to buy in August 2022…

Alexander Green – Follow the Insiders

One of the best strategies you can follow is to ride the coattails of knowledgeable insiders.

Why? Because they have access to all sorts of material, non-public information, like…

  • The direction of sales since the last quarterly report
  • New products and services in development
  • Any expansion plans
  • Potential mergers and acquisitions
  • Whether the company has gained or lost any key customers
  • The status of outstanding litigation
  • Whether the company will put itself up for sale
  • Plans to take the company private

… And plenty of other good stuff unavailable to those of us on the outside looking in.

Read the full article here

Income Expert Marc Lichtenfeld on the best stocks to buy in August 2022…

Marc Lichtenfeld – Beaten-up stocks (with dividends)

Technical analysis – the use of stock charts to analyze the markets and individual stocks to inform buy and sell decisions – is great for creating a trading plan.

As I always say, technical analysis is not a crystal ball. But it does help you increase the chances of being right and, just as importantly, minimize your losses when you’re wrong.

Everyone’s trading style is different, and there are lots of technical analysis tools that fit any individual’s preferred method.

As a long-term investor, I’m a value investor. I like to buy beaten-up stocks (with dividends) and watch them bounce back over time.

So it’s no surprise that, as a trader, I do the same thing – just with a much shorter time horizon.

With the goal of entering a trade at a discount, I may buy a stock that’s predominantly moving up a trend line and yet has momentarily returned to support – the price level at which a stock’s downtrend reverses.

Read the full article here

Fundamental Options Expert Karim Rahemtulla on the best stocks to buy in August 2022…

Karim RahemtullaFord Motor (NYSE: F)

The company just released earnings, which came in better than expected.

Then it let investors in on a couple pieces of news that bolstered the case for investing in the company.

Here is the important information…

  • Ford is increasing its dividend to $0.15 per share, which will bring the company back to pre-pandemic levels.
  • The company sees the Ford+ plan as the biggest opportunity since the scaling of the Model T.
  • Demand for EVs is overwhelming, and the company has strong multiyear order banks.
  • More than 3,000 electric E-Transit Vans were sold in the second quarter, giving the company a 95% share of the electric van market.

Read the full article here

The Best Stocks to Buy in August 2022 – Summarized

As you can see, our Einstein’s follow insider activity, beaten-up stocks with dividends and even solid retail or EV buys. The market may not be out of the woods yet, but with the positive sentiment growing, we could see even more increases. After all, if you’re in it for the long haul, why not get in at a discount? The best stocks to buy in August may not be this cheap for long. For all the latest investment information, sign up for one of the best investment newsletters on the planet today.

The post Best Stocks to Buy in August 2022 appeared first on Investment U.

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