Wall Street Signals: InvestmentPitch Media Video Discusses Lomiko Metals and its Option of Bourier Project in Quebec from Critical Elements as it Prepares to Explore for Lithium

InvestmentPitch Media Video Discusses Lomiko Metals and its Option of Bourier Project in Quebec from Critical Elements as it Prepares to Explore for Lithium


Lomiko Metals (TSXV: LMR) (OTCQB: LMRMF) (FSE: DH8C) has entered into an option agreement with Critical Elements Lithium Corporation giving Lomiko the right to acquire up to a 70% interest in the Bourier project. Lomiko will earn its interest by way of a joint venture agreement.



The Bourier project is located approximately 85 km east-northeast of the village of Nemaska and approximately 450 km north-northeast of the town of Val-d'Or, Québec. The Bourier property, potentially a new lithium field in an established lithium district in Quebec, consists of 203 claims covering approximately 10,252 hectares or 102.5 square kilometers.

A. Paul Gill, the CEO, stated: "Recent consumer interest in electric vehicles has increased investor interest in Lithium and Graphite, two of the major components of a lithium-ion battery. Quebec is in a unique position of having ample supply of both commodities and now Lomiko has opportunities in additional battery materials."

Jean-Sébastien Lavallée, Critical Elements' CEO, added: "This option agreement with Lomiko will allow the Bourier property to be explored in detail for battery minerals discoveries, such as Lithium, Nickel, Copper, and Zinc. Critical Elements is currently focused on the development of its Rose Lithium-Tantalum project. With Lomiko as a joint venture partner in the Bourier project, shareholders of both companies will be able to benefit from a successful exploration of a highly prospective project."

The northern limit of the property is set apart by meddling pink stone. The metasedimentary rocks in the focal point of the property are barged in by mafic and ultramafic rocks, stones, pegmatites, and late diabase dykes. The pegmatites happen as one or the other pink, which related to oligoclase gneisses and stone, or white, which is related to metasedimentary rocks. Outside of work program total somewhere in the range of 2010 and 2012 for Zinc-Copper and Gold by Monarques Resources Inc., there has been extremely restricted lithium investigation embraced at the Bourier Property.

The Bourier property is adjoining the Lemare Lithium property, completely possessed by Critical Elements, wherein 2012, a past administrator found a "rock pegmatite dyke containing a lot of spodumenes", which went in clear thickness from 4.8 to 14.2 meters and was followed for near 200 meters long on the surface.

Under the primary choice, Lomiko can bring in 49% by paying $50,000 in money, 5 million offers, and causing $1.3 million in investigation uses by December 31, 2022. Subject to finishing this first alternative, Lomiko can build its premium to 70% by paying an extra $250,000 in real money, 2.5 million offers, and bringing about $2 million in investigation consumptions, and conveying a NI 43-101 Resource Estimate by December 31, 2023. Should Lomiko produce a drill-characterized NI 43-101 asset gauge of somewhere in the range of 5 and 20 million tons of lithium oxide, Lomiko will settle up to $2 million, payable in real money or offers, at Lomiko's prudence. Kindly allude to the organization's news discharge for the particular timetable for these terms.

 Basic Elements will hold a 2% NSR on the extraction and creation of any minerals on the Bourier Property, of which Lomiko can buy 1% for $2. million. During the understanding, Critical Elements will be the administrator on the property. Basic Elements will likewise hold the elite option to market and go about as a selling specialist for all Lithium items, including Lithium mineral, concentrate, and synthetic, coming about because of the extraction and creation exercises on the Bourier Property.