SeeThruEquity Issues Update on Lomiko Metals

SeeThruEquity, a leading New York City based independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced that it has issued an update note on Lomiko Metals Inc. (TSXV:LMR,OTCQX:LMRMF,FSE:DH8B).
As quoted in the press release:

Promising results from infill drilling at La Loutre
As part of a drilling campaign leading to a 43-101 resource estimate, Lomiko intersected 21.55 meters of 11.58%, 57.95 meters of 3.36% including 6.10 meters of 13.66% and 28.75 meters at 4.44% flake graphite at the La Loutre. On December 4, 2015, Lomiko announced that they had intersected 37.40 meters of 4.41% including 10.25 meters of 5.62%, and 48.05 meters of 3.12% including 8.90 meters of 6.13% flake graphite at their 2,867.29 hectare La Loutre Crystalline Flake Graphite Property.

Lomiko management indicated that the results showed “excellent” data including near-surface, high grade flake graphite, helping further define the play’s potential. Lomiko acquired a 40% interest in this promising crystalline flake graphite play in September 2014, and has acquired another 40% interest since we initiated coverage on the company. As we indicated in our initiation of Lomiko, there are several long-term demand catalysts for high grade graphite, including from the lithium ion battery industry, automotive demand from projects similar to the Tesla Gigafactory — which promises to have 35GWh/year of production, as well as potential new applications of graphite derivative graphene, among others.
Launch of Spider Charger(TM) moving towards collaboration
Lomiko’s wholly owned subsidiary, Lomiko Technologies, appears to be nearing commercialization for its innovative new Spider Charger, which has been developed by the company as a result of technology acquired through Lomiko’s December 2014 licensing agreement with Megahertz Power Systems Ltd. The Spider Charger(TM) is an in-wall USB charging device that employs a sleek design while improving energy efficiency for customers and allowing up to eight electronic devices (two standard, 6 via USB ports) to charge safely at one time. Lomiko completed a prototype for the Spider Charger(TM) in November and has manufactured 250 units for use for demonstration with new potential commercial customers. There is clearly a large market potential for the Spider Charger(TM), which has applications for residential and commercial builders, airlines, schools, and businesses with clientele seeking charging stations for their portable electronic devices – such as coffee houses. Lomiko recently initiated a Kickstarter campaign to fund safety and green certifications for commercial use.

Maintain price target of C$0.19
We are maintaining our price target of C$0.19 for Lomiko Metals at this time. We see the company as an intriguing, speculative investment in the graphite and graphene markets.

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