PROJECT UPDATE: Lomiko’s Flake Graphite Converted to Graphene

It’s been a quiet summer for Vancouver’s Lomiko Metals (TSXV:LMR). Since raising $500,000 through a private placement at the end of June, the company has stayed under the radar.

Now, however, Lomiko is ready to reveal what it has been up to. In a press release put out today, the company explains that Graphene Laboratories, a private company that provides graphene to institutions such as academic universities, national laboratories and industrial entities, has successfully converted flake graphite from Lomiko’s Quatre Milles property into graphene. Specifically, the graphite was converted into graphene oxide and reduced graphene oxide.

The news has been brewing since February, when Lomiko entered a strategic alliance with Graphene Labs. At the time, Elena Polyakova, CEO of Graphene Labs, commented that together the companies planned to address the challenge of “ever-increasing demand for large volumes of high quality graphene materials.”

Since then, the companies have agreed to work with the Research Foundation of Stony Brook University to investigate new, energy-focused graphene applications with the aim of determining the most efficient — and commercially viable — ways of using graphene for energy storage applications.

It’s that focus on commercial viability that comes through in today’s news. Commenting on Graphene Labs’ success, A. Paul Gill, CEO of Lomiko, said in the company’s press release, “[o]ne of the barriers to widespread use of graphene is the cost of producing it in useable forms. By confirming that graphene may be easily created from natural flake graphite, Graphene Labs and Lomiko hope to produce the material on a larger scale and at a reduced price.”

Moving forward, Lomiko will continue providing Graphene Labs with mineral samples from Quatre Milles so that testing of the conversion process can continue. Ultimately, the companies aim to “co-develop a vertically integrated supply chain for large-scale graphene production.”

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

Editorial Disclosure: Lomiko Metals is a client of the Investing News Network. This article is not paid-for content.

Related reading: 

INN Video: Paul Gill of Lomiko Metals Talks About Graphene

PROJECT UPDATE: Lomiko, Graphene Labs, Stony Brook University to Investigate New Graphene Applications

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