- Lomiko Metals is an exploration-stage mining company based in Quebec, Canada, with a focus on high-grade large flake graphite and lithium mining.
- The company intends to have a net positive environmental impact rather than simply net-zero.
- The company holds a 100 percent interest in the La Loutre graphite development in Southern Quebec, with an estimated annual graphite production of 109kt for the first eight years.
- Lomiko is exploring the Bourier lithium project near James Bay with Critical Elements Lithium Corporation, which according to a 2021 analysis has high lithium production potential.
- Lomiko Metals is guided by a shared purpose through a leadership team that has decades of experience in the mining and capital markets.
Canada has an astounding wealth of mineral resources, and when it comes to critical minerals, it is rich 31 out of 35 of them. Deemed essential to electrification, decarbonization and technological advancement, many of these minerals are fast approaching current global production limits while demand continues to increase. The need for reliable critical metals production goes far beyond Canada, too. The European Union recently identified 30 critical minerals, while the United States contains deposits for all 35 critical minerals. However, the US relies entirely on Canada for 14 of these minerals and is 50 percent import-reliant for 17.
From a global perspective, Canada also accounts for 70 percent of in-development graphite projects. It’s safe to say North America will require every one of those projects moving forward. Graphite — a vital component in batteries and countless other electronic devices, alongside lithium — is expected to experience a 37 percent under-supply by 2030 and a considerable upturn in demand this year. Moreover, the production of minerals such as graphite, lithium and cobalt may need to increase by 500 percent by 2050.
Multiple major corporations are in talks with Quebec for the development of battery factories and gigafactories, with their combined investments representing billions of dollars. Stakeholders include Tesla (NASDAQ:TSLA), Britishvolt, Lion Electric Company (TSX:LEV), Stellantis, LG, Samsung Electronics (KRX: 005930) and Toyota Motor Corporation (TYO: 7203).
The Canadian Federal Government has also announced plans to hit net-zero emissions and 100 percent electric vehicle (EV) market penetration by 2035. If Canada is to reach this goal, it must look to domestic solutions for mineral development and production.
Lomiko Metals (TSXV:LMR, OTC:LMRMF, FSE:DH8C) is a Canadian mining, exploration and development company headquartered in Surrey, British Columbia. Its strategic vision is based on developing a sustainable approach to mineral extraction built out of a collaborative, people-first partnership approach with local communities and a strong understanding of Indigenous traditions and values. The company is heavily focused on supplying the critical minerals required to facilitate the clean energy transition while maintaining a net positive environmental impact.