Graphite

Lomiko Metals

Graphite, Graphene & 3D Printing

This Lomiko Metals profile is part of a paid investor education campaign.*

LMR:CA

Overview


Lomiko Metals Inc. (TSXV:LMR,OTCQB:LMRMF,FWB:DH8B) is a Canada-based, exploration-stage company, focused on the exploration and development of battery minerals such as lithium and graphite. Lomiko Metals also has a 100 percent interest in Lomiko Technologies Inc., an investor in technology and manufacturer of electronic products. The company is engaged in the acquisition, exploration and development of resource properties that contain minerals for the growing green economy. Its mineral properties include the La Loutre graphite property, which all have had major mineral discoveries.

China produces approximately 70 percent of the world's graphite and the market has seen five percent growth in the past decade due to growth in the Asian steel markets. Additionally, the global electric vehicle (EV) market is predominately fueling the demand for graphite, as the mineral is a main component in the construction of the anode in lithium-ion batteries. EV sales are expected to reach $2 million by 2019 due to cities and countries around the world adopting clean energy initiatives and moving away from using traditional combustion engines.

Aside from its mining assets, Lomiko Metals has strategic partnerships with technology companies to research and develop high-value end-uses for graphite. Its wholly-owned subsidiary Lomiko Technologies, which is being sold to Promethieus Technologies, controls a 40 percent interest in Graphene Energy Storage Devices Corp. (Graphene ESD), an 18.5 percent interest in SHD Smart Home Devices, which produces three electronic products. Lomiko plans to retain its 20 percent interest in Promethieus Technologies, which is scheduled for an IPO.

Graphene ESD has a research agreement with the Research Foundation at Stony Brook University (SBU) to develop new supercapacitor designs for energy storage. Due to their fast charge-discharge characteristics, low equivalent series resistance, long life-cycle and wide operating temperatures, supercapacitors are being used in transportation, industrial and grid energy storage.

Smart Home Devices Ltd., is planning to develop and manufacture, distribute and sell USB Spider Chargers and related devices. Smart Home Devices aims to penetrate the smart home market for the internet of things (IoT) and seek out revenue streams. It sees offices, hotels and coffee shops as potential markets for USB charging devices.

Promethieus Technologies, a technology incubator, is currently in the process of financing and an IPO in Europe. Lomiko Metals has announced its intent to sell its 100 percent interest in Lomiko Technologies to Promethieus Technologies for C$1.23 million.

Lomiko's Company Highlights

  • Key properties are located in the established mining jurisdiction of Quebec.
  • La Loutre property is 53 kilometers away from the Imerys graphite mine near Lac de Iles, Quebec.
  • New NI 43-101 resource estimate and preliminary economic assessment (PEA) expected in 2020.
  • Growing EV market.
  • 20 percent interest in Promethieus Technologies, a technology incubator based in Europe.
  • Lomiko Metals and Critical Elements Lithium Corporation mandated GoldSpot Discoveries Corp. to conduct a remote targeting process for lithium, on the Bourier claims within the Nemiscau belt.

Graphite Properties in Quebec

La Loutre Flake Graphite Property

Lomiko Metals has signed an option agreement with Quebec Precious Metals (TSXV:CJC) on the La Loutre project and Lac des Iles project allowing Lomiko Metals to acquire a 100 percent interest in the property. Lomiko Metals currently owns 80 percent of those properties. The La Loutre property consists of one large block of 42 mineral claims covering 2.5 million hectares. It is located approximately 53 kilometers east of Imerys S.A.'s (OTC:IMYSF) graphite mine, North America's only operating open pit mine which has produced 5.2 million tonnes grading at 7.42 percent graphitic carbon.

Exploration

The new area of mineralization appears to be 200 meters wide, has a current strike length of over 900 meters in a northwest to southeast direction and is open in both directions. A map of drill holes at the Refractory zone which includes 2015, 2016 and 2019 results. Highlights include 7.74 percent graphite over 135.60 meters including 16.81 percent graphite over 44.10 meters from hole LL-16-01, two different intersections in hole LL-16-02 reporting 17.08 percent graphite over 22.30 meters and 14.80 percent graphite over 15.10 meters and 110.80 meters of 14.56 percent graphite in Hole LL-16-03.

In February 2019, Lomiko Metals commenced its 15-hole drill program at the Refractory zone which was later expanded to 21 holes. The program returned wide intercepts of granite in multiple drill holes. The Refractory zone is open in both directions and now has a strike length of 900 meters. Highlights from the program include 87.9 meters grading 7.14 percent graphite, 21 meters grading 15.48 percent graphite, 116.9 meters grading 4.80 percent graphite and 15.2 meters grading 7.56 percent graphite.

Additional results from the Refractory zone include 22.30 meters grading 17.08 percent graphite, 15.10 meters grading 14.80 percent graphite and 110.80 meters grading 14.56 percent graphite. Moving forward, Lomiko Metals intends to complete an updated NI 43-101-compliant resource estimate for the property.

Resource

In February 2016, Lomiko Metals and Canada Strategic released an indicated resource of 18.4 million tonnes grading 3.19 percent flaked graphite and an inferred resource of 16.7 million tonnes grading 3.75 percent flake graphite with a cut-off of 1.5 percent. The sensitivity table also features 4.1 million tonnes of 6.5 percent in the indicated category and 6.2 million tonnes at 6.1 percent flake graphite in the inferred category with a cut-off of 3 percent. The results are all focused on the Graphene and Battery zones and did not include exploration results from September 2015.

Lomiko's Technology Partners

Graphene Energy Storage Devices Corp.

Lomiko Metals is a founding shareholder of Graphene ESD and controls 40 percent of the R&D company through its subsidiary Lomiko Technologies. In February 2016 Graphene ESD signed a research agreement with the Research Foundation of Stony Brook University (SBU) to partner with the SBU Center for Advanced Sensor Technologies to develop new supercapacitor designs for energy storage. The target applications for this technology include grid-tied inverters, grid stabilization systems and automotive and locomotive drive trains.

Smart Home Devices Ltd.

Previously, Lomiko Technologies was the exclusive licensee of three devices designed by MegaHertz Power Systems Ltd. under a deal announced in October 2014. However, MegaHertz Power Systems has amalgamated a number of new concept designs, technology licenses, patent applications and intellectual property into Smart Home Systems in order to penetrate the smart home market for IoT and seek out revenue. Lomiko Metals has agreed to contribute the trademark and jointly develop Spider Charger and become a shareholder (18.5 percent) of Smart Home.

In September 2017, Lomiko Metals received its Canadian trademark application for the Spider Charger. Smart Home Devices plans to enter into negotiations to sell the Spider Charger and other related devices in North American markets with IoT distributors and builders.

A year later, the company announced that it had secured a US design patent for its Spider Charger device. The company has finalized its designs on the device and is awaiting its final approval from the Canadian Standards Association. The latest design allows the device to be installed and used in any home or office and provides users with an increased power output that is able to support wireless connections and fast charging. The device eliminates the need for bulky power converters that are required when using a power bar and has six USB charging stations built into the existing AC receptacles.

Promethieus Technologies

Lomiko Metals announced the launch of Promethieus Cryptocurrency Mining Corporation, a cutting-edge cryptocurrency mining company in partnership with SHD Smart Home Devices Corporation. Lomiko Metals is expected to control 20 percent of the company, while various partners including engineers, commercial real estate partners and initial investors are expected to control the remaining portion.

In July 2019, Lomiko Metals announced that it would sell its 100 percent interest in Lomiko Technologies Inc. to Promethieus Technologies for C$1.23 million.

Lomiko's Management Team

Belinda Labatte – Chief Executive Officer

Belinda Labatte has more than 15 years of senior management experience in mining and the extractive industry, and 20 years of capital markets experience, including a decade of strategic development, capital markets investment banking experience, stakeholder engagement, and asset acquisition and disposition processes. Her most recent position was Chief Development Officer of Mandalay Resources Corp. Prior to that, Ms. Labatte was the founder and President of her own Company, The Capital Lab Inc., a leading Toronto-based consulting firm. Ms. Labatte is fluent in French, Spanish and German and graduated from the Rotman School of Management with an MBA. She holds the ICD.D designation and is CFA charterholder.

Gordana Slepcev – COO

Gordana Slepcev is a Professional Mining Engineer with more than 25 years of global mining experience in developing, building and leading safe mining operations. Ms. Slepcev's extensive experience spans multiple commodities, including gold, base metals, coal and industrial minerals. She brings considerable experience in mineral exploration, permitting, corporate and regulatory/First Nations/ Indigenous relations, and project financing to Lomiko. Before joining the Company, Ms. Slepcev held the position of COO for BMSI, a privately held company, where she was responsible for restarting the barite reprocessing facility, mitigating historical environmental impacts and overseeing EPCM contractors. She also formerly held the role of COO of Anaconda Mining, where she was responsible for the company's operations and development of the Goldboro project. Ms. Slepcev graduated from the University of Belgrade with a M.Sc.

Vince Osbourne – Chief Financial Officer

Vince Osbourne, CMA, CBV, is a senior finance and valuation professional with over 19 years of experience in all areas of financial management and business partnering within the retail industry. In his former position, he held the role of Real Estate finance business partner for Sobeys, contributing to significant value creation through the Real Estate portfolio and strategic partnerships. Vince Osbourne graduated from York University with a BA in Economics. Eric Levy – Director Independent director Eric Levy has over 20 years of experience advising on complex issues concerning securities and governance matters. He is Head of Osler's Montreal Corporate Group and also serves on the Osler, Hoskin & Harcourt Partnership Board.

Julius Galik – Director

During the past 17 years, Julius Galik has been instrumental in the development and financing of various small capitalized companies, both private and public. A businessman and a former financial advisor with PFSL Investments and WFG, he has been mutual fund licensed since 2001. He brings with him a strong knowledge of finance, and a thorough understanding of the financial markets, security regulations and disclosure practices that impact public companies. Since 2009, Galik has also sat on the Board of Directors for Lomiko Metals Inc. (LMR). He has been involved in start-up situations within the mining exploration industry in Western Canada since 2002, and brings to the Board solid mediation and negotiation skills, an entrepreneurial mindset, leadership, strategic planning and many years of financial experience.

Gabriel Erdelyi – Director

Gabriel Erdelyi studied Mechanical Engineering Technician Studies at George Brown College in 1994. He then entered the family business as a tool and die apprentice, but always held the same zest for entrepreneurship as his father who started the business. He eventually took over the family business and expanded from three people to over 20. In 2006, he was awarded the designation as one of the fastest growing companies in Canada from Canadian Business Magazine.

Erdelyi created Dieroll Metals Products Inc. based in Mississauga, Ontario in 2003 having purchased a stamping and roll forming company in 2003 during difficult financial times. Dieroll Metal Products Inc. is an industry leader in roll forming production and stamping tooling for the metal processing industry. It serves a variety of industries including construction and building products, structural and architectural components, the roofing industry, heating and cooling components, the mining industry, transportation sector including trucking and railway car components and the automotive industry.

Mike Petrina – Project Manager

Mike Petrina is a Mining Engineer with over 30 years of expertise in operations, engineering, and project development, and is skilled at advancing open pit and underground projects whilst working responsibly with stakeholders in the local community, Indigenous communities, and investors to maximize project value and comply with Environmental, Social and Governance (ESG) requirements. His experience ranges from working with smaller technical teams to large operations workforces.

Recent News

Company News

Nouveau Monde Receives Important A2 Sustainability Rating from Moody's for its Green "Mine-to-Battery-Materials" Business and Provides a General Business Update

Nouveau Monde receives the second-highest grade on the Sustainability Rating scale from Moody’s ESG Solutions 1 Nouveau Monde is uniquely committed to supplying the EV and renewable energy industries with a Zero-Carbon Footprint anode material Having produced samples at 99.99% purity in 2021, Nouveau Monde plans in 2022 to complete and ramp up its commercial Phase-1 anode materials facility in Bécancour and ...
  • Nouveau Monde receives the second-highest grade on the Sustainability Rating scale from Moody's ESG Solutions 1
  • Nouveau Monde is uniquely committed to supplying the EV and renewable energy industries with a Zero-Carbon Footprint anode material
  • Having produced samples at 99.99% purity in 2021, Nouveau Monde plans in 2022 to complete and ramp up its commercial Phase-1 anode materials facility in Bécancour and advance its 42,000 tpa Phase-2 battery material plant
  • The construction of the all-electric Matawinie graphite mine is continuing according to plan with the objective of supplying carbon-neutral graphite for the EV and battery markets
  • All the above initiatives successfully support Nouveau Monde's fully integrated and sustainable "mine-to-battery-materials" business model and maintaining the Company's industry-leading ESG profile

On the heels of a positive assessment of its ESG performance, Nouveau Monde Graphite Inc. ("Nouveau Monde" or the "Company") ( NYSE: NMG , TSXV: NOU ) releases its 2022 goals for its project and corporate development. The Company expects to complete the deployment of its Phase-1 operations in the first half of this year while further advancing the planning and construction of its Phase-2 Bécancour battery material plant and Matawinie graphite mine towards a targeted integrated production capacity of 42,000 tonnes per annum ("tpa") of carbon-neutral anode material for the growing lithium-ion battery market.

Following the issuance of its inaugural ESG Report , Nouveau Monde sought independent assessment of its sustainability performance. The Company is pleased to report that Moody's ESG Solutions has provided a Sustainability Rating of A2 (‘Robust'), the second-highest grade on its rating scale, to Nouveau Monde.

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Graphite Outlook 2022: Demand from Battery Segment to Remain High

What’s the graphite outlook for 2022? Market watchers explain what happened last year and what factors to watch over the next 12 months.

Click here to read the previous graphite outlook.

Graphite is an essential raw material used in electric vehicle (EV) batteries, and as sales of EVs grow, market watchers believe demand for the metal will surge.

Despite discussions about battery chemistry changes, many experts think graphite will remain a dominant element in EV batteries for at least the next decade. Both synthetic graphite and natural graphite, in the form of the intermediate product spherical graphite, are used in the anodes of lithium-ion batteries.

Here the Investing News Network (INN) looks at the key trends in the graphite market in 2021 and what the graphite outlook is for 2022, with commentary from experts in the space.

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Northern Graphite Announces Terms of Private Placement

Northern Graphite Corporation is pleased to provide the terms of the private placement being conducted in connection with its previously announced acquisition of the producing Lac des Iles graphite mine in Quebec and the Okanjande graphite depositOkorusu processing plant in Namibia from subsidiaries of Imerys Group for approximately US$40 million .Under the Private Placement, Northern, through a syndicate of agents ...

Northern Graphite Corporation (TSXV: NGC) (OTC Pink: NGPHF) (the "Company" or "Northern") is pleased to provide the terms of the private placement (the "Private Placement") being conducted in connection with its previously announced acquisition of the producing Lac des Iles graphite mine in Quebec and the Okanjande graphite depositOkorusu processing plant in Namibia from subsidiaries of Imerys Group ("Imerys") for approximately US$40 million (the "Transaction").

Under the Private Placement, Northern, through a syndicate of agents led by Sprott Capital Partners LP (the "Lead Agent") and including Cormark Securities Inc., Canaccord Genuity Corp. and Tamesis Partners LLP (collectively with the Lead Agent, the "Agents"), will sell, on a commercially reasonable efforts private placement basis, up to 26,750,000 subscription receipts of the Company (the "Subscription Receipts") at a price of C$0.75 per Subscription Receipt to raise aggregate gross proceeds of approximately C$20 million. The Agents shall have the option, exercisable at any time prior to three business days before the closing date, to increase the size of the Private Placement by up to 4,012,500 Subscription Receipts under the same terms for additional gross proceeds of up to approximately C$3 million. Affiliates of the Sprott Group have indicated their intention to participate in the Private Placement through an investment of approximately $3.75 million in Subscription Receipts.

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NextSource Materials Announces Factory Acceptance Testing of the Molo Graphite Mine Processing Plant is Complete and Preparations for Transport to Mine Site Have Initiated

NextSource Materials Inc. is pleased to announce that Factory Acceptance Testing and final verification of equipment design specifications and end-to-end functions of the processing plant for Phase 1 of the Molo Graphite Mine is completeThe Processing Plant was designed and built using an all-modular approach and is capable of processing 240,000 tpa of ore and producing approximately 17,000 tpa of high-quality ...

NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or the "Company") is pleased to announce that Factory Acceptance Testing and final verification of equipment design specifications and end-to-end functions of the processing plant for Phase 1 of the Molo Graphite Mine (the "Processing Plant") is complete

The Processing Plant was designed and built using an all-modular approach and is capable of processing 240,000 tpa of ore and producing approximately 17,000 tpa of high-quality SuperFlake® graphite concentrate. Factory Acceptance Testing ("FAT") was the final validation step after the fabrication and assembly of the Processing Plant equipment and was completed by our Engineering, Procurement and Construction contractor in their off-shore assembly facility under the supervision of SGS, the world-leader in process plant testing, inspection, and process certification.

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