Lomiko Metals

Graphite, Graphene & 3D Printing

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

Overview

Lomiko Metals Inc. (TSXV:LMR, OTCQB:LMRMF, FSE:DH8B) is a Canada-based, exploration-stage company, focused on the exploration and development of battery minerals such as lithium and graphite. Lomiko 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, Lac des Iles and Quatre Milles graphite properties, 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 has strategic partnerships with technology companies to research and develop high value end uses for graphite. Its wholly owned subsidiary Lomiko Technologies controls a 40 percent interest in Graphene Energy Storage Devices Corp. (Graphene ESD), a 18.5 percent interest in SHD Smart Home Devices, which produces three electronic products, and a 20 percent interest in Promethieus Technologies.

Graphene ESD has a research agreement with the Research Foundation at Stony Brook University (SBU) to develop new supercapacitor designs for energy storage. Supercapacitors are promising energy storage devices. 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 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.

Company Highlights

  • Key properties are located in the established mining jurisdiction of Quebec.
  • New developments in Graphene Energy Storage and the IoT.
  • La Loutre property is 53 kilometers away from the Imerys graphite mine near Lac de Iles, Quebec.
  • 18.5 percent interest in SHD Smart Home Devices
  • SHD Smart Home Devices holds US design patent and Canadian trademark for USB Spider Charger device.
  • 40 percent interest in Graphene ESD
  • 20 percent interest in Promethieus Technologies, a technology incubator based in Europe.

Graphite Properties in Quebec

La Loutre Flake Graphite Property

Lomiko has signed an option agreement with Quebec Precious Metals. (TSXV:CJC) on the La Loutre property and Lac des Iles property allowing Lomiko to acquire a 100 percent interest in the property. Lomiko currently owns 80% 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 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, have a current strike length of over 400 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 and 2016 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 intersection 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.

lomiko la loutre

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.

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 la loutre battery and graphite zones

Quatre Milles Graphite Property

The Quatre Milles Property is road accessible and is located approximately 175 kilometers northwest of Montreal, approximately 17 kilometers north of the village of Sainte-Veronique, Quebec. The East claim block covers 1,641 hectares, and the West covers 2,183 hectares. All are 100 percent owned by Lomiko. A survey carried out in 2014 was designed to identify graphite mineralized occurrences. Surface samples collected from the Quatre Milles East property returned results of 14.16 percent graphitic carbon, 18.06 percent graphitic carbon and 20.35 graphitic carbon.

Lac des Iles Property

The property consists of 104 mineral claims covering 56 square kilometers and borders the western limit of the Imerys Lac des Iles graphite mine and processing facility. The property is close to the town of Mont-Laurier, 150 kilometers north of Montreal. In June 2015, Lomiko had planned a phase one exploration program comprised of prospecting, mapping and sampling with a focus on determining the strike length of graphitic mineralization outlined in a 2012 prospecting program and magnetic-electromagnetic survey.

Technology Partners

Graphene Energy Storage Devices Corp.

Lomiko 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 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.

Lomiko Metals Inc. – Graphite, Graphene & 3D Printing

A year later, the company announced that they had secured a US design patent for its Spider Charger device. The company has finalized its designs on the device and are 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 Inc. announced the launch of Promethieus Cryptocurrency Mining Corporation, a cutting-edge cryptocurrency mining company in partnership with SHD Smart Home Devices Corporation. Lomiko will control 20 percent of the company, while various partners including engineers, commercial real estate partners and initial investors will control the remaining portion.

Management

A. Paul Gill – Chief Executive Officer

Paul Gill is the President of AJS Management Inc., a company providing managing consulting to private and public companies. From November 2003 to October 2006, Gill was heavily involved in the dynamic growth stage of Norsemont Mining as an officer, director and Vice President of Business Development while the company grew from a market capitalization of $1 million to $50 million with a final buyout of $512 million. Gill is also the Director of Graphene 3D Lab, CEO of Lomiko Technologies and an advisor to Altair Resources.

Jacqueline Michael – Chief Financial Officer

Jacqueline Michael has over 20 years of financial and administrative experience. In 1988, Michael co-founded the Conac Group, a software development company for construction management, where she acted as President and CEO. In 1997, she was successful in taking the company public on the CDNX Exchange and helped raise over $5 million in private placement financings for the company. Michael has acted in the role of President and Chief Executive Officer for public companies for over 10 years.

Julius Galik – Director

A businessman and financial advisor with PFSL, Julius Galik has been involved in start-up situations within the mining exploration industry in Western Canada since 2002, and during the past 8 years has been instrumental in the development and financing of various small capitalized companies both private and public. Between 2006-2007 Galik served as director of Dorex Minerals Inc. (TSX-V: DOX), and in September 2009 was elected Dorex President and CEO.

David Luck – Director 

David Luck has served 11 years as a director, CFO and operations manager for Northern Canadian Supplies Ltd., an industrial supply and facilities service company in the oil and gas industry. He has also been a senior site administrator in the public sector during the past 20 years. With a background in public education, business development and marketing management, Luck is enthusiastic about representing and providing objective information to assist shareholder and potential investors.

In September 2017 Lomiko Metals announced it has received a 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.

Promethieus Technologies

Lomiko Metals Inc. announced the launch of Promethieus Technologies, a cutting-edge cryptocurrency mining company in partnership with 25 percent owned subsidiary SHD Smart Home Devices Corporation. Lomiko will control 25 percent of the Company, SHD Smart Home Devices another 25 percent and various partners including engineers, commercial real estate partners and initial investors will control the remaining portion. The Company has been testing rig designs for optimization of cryptocurrency mining for one month before ramping up to 32 mining rigs and then, through an anticipated $5 million financing, expanding to 750 rigs to take advantage of currently available space. Due to the fluctuations in the cryptocurrency market, the company will appropriately shift its focus between different coins, including Ethereum, Ripple, Monero, Litecoin, Dash and Z-Cash.

“The approach of most companies in this space has been to rent server farms, build in cold climates, or construct new farms based on currently available parts and products,” stated Lomiko CEO A. Paul Gill. “Our approach is from an engineering standpoint – the focus is on creating new designs for cryptocurrency mining – efficiency, cost effectiveness and the longevity of the mining rig units at optimal production is paramount.”

The Golden Goose Mining Rig

Cryptocurrency mining is a process of cryptographic calculations done by several computers called Mining Rigs. The transactions are decentralised and secure, verified by entities on blockchain network. In this process, the first to verify a transaction is awarded with a fraction of the cryptocurrency being mined. Promethieus has introduced the Golden Goose for Cryptocurrency Farm Mining operations.

The Golden Goose Industrial Rig for Farms was developed by the engineering team at SHD Smart Home Devices to address concerns regarding heat and power management to make the device suitable for mining farm use. A fully functional power limited Golden Goose demonstration model debuted on February 2 and 3, 2018 and was actively mining Ethereum during the World Outlook Conference held in Vancouver.

Configuration is underway of a lower power home and/or office cryptocurrency mining rig called the Golden Goose II, for individual consumers seeking to participate in cryptocurrency mining.

Management

A. Paul Gill – Chief Executive Officer

Paul Gill is the President of AJS Management Inc., a company providing managing consulting to private and public companies. From November 2003 to October 2006, Gill was heavily involved in the dynamic growth stage of Norsemont Mining (TSX: NOM) as an officer and director and vice=president Business Development while the company grew from a market capitalization of $1 million to $50 million with a final buyout of $512 million. Gill is also the Director of Graphene 3D Lab (TSXV: GGG), CEO of Lomiko Technologies and an advisor to Altair Resources (TSXV:AVX).

Jacqueline Michael – Chief Financial Officer

Jacqueline Michael has over 20 years if financial and administrative experience. In 1988, Michael co-founded the Conac Group, a software development company for construction management, where she acted as President and CEO. In 1997, she was successful in taking the company public on the CDNX Exchange and helped raise over $5 million in private placement financings for the company. Michael has acted in the role of President and Chief Executive Officer for public companies for over 10 years.

Julius Galik – Director

A businessman and financial advisor with PFSL, Julius Galik has been involved in start-up situations within the mining exploration industry in Western Canada since 2002, and during the past 8 years has been instrumental in the development and financing of various small capitalized companies both private and public. Between 2006-2007 Galik served as director of Dorex Minerals Inc. (TSX-V: DOX), and in September 2009 was elected Dorex President and CEO.

David Luck – Director 

David Luck has served eleven years as a director, Chief Financial Officer and Operations Manager for Northern Canadian Supplies Ltd., an industrial supply and facilities service company, in the oil and gas industry. Mr. Luck has also been a senior site administrator in the public sector during the past twenty years. With a background in public education, business development and marketing management, David is enthusiastic about representing shareholders and providing objective information to assist shareholders and potential investors.


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