Battery Metals

Pre-tax NPV of C$314M with 28.3% IRR at US$916/t Cg; after-tax NPV of 186M with 21.5% IRR

Lomiko Metals Inc. (Lomiko) ( ( TSX-V: LMR, OTC: LMRMF, FSE: DH8C ) ) ("Lomiko Metals Inc or "Lomiko" or the "Corporation") is pleased to announce positive results from the Preliminary Economic Assessment ("PEA") on its 100 percent-owned La Loutre Project in south-eastern Quebec. The PEA was completed by Ausenco Engineering Canada Inc. ("Ausenco") in accordance with National Instrument 43-101 ("NI 43-101"). Lomiko now aims to initiate a Preliminary Feasibility Study (PFS) to advance its La Loutre Project towards production as part of a staged development strategy while continuing its aggressive drilling programs to maximize value creation.

This press release features multimedia. View the full release here:

Figure 1: Site Plan (Photo: Business Wire)

Figure 1: Site Plan (Photo: Business Wire)

Highlights of the PEA (all figures are stated in Canadian dollars unless otherwise stated):

  • Long-term Weighted-Average 1 Graphite Price US$916/t Cg conc. (graphitic carbon concentrate)
  • Exchange rate: C$1.00 = US$0.75
  • Pre-tax NPV (8%) of C$313.6M
  • After-tax NPV (8%) of C$185.6M
  • Pre-tax IRR of 28.3%
  • After-tax IRR of 21.5%
  • Pre-tax payback period of 3.3 years
  • After-tax payback period 4.2 years
  • Initial capital of ("CAPEX") of C$236.1M including mine pre-production, processing, infrastructure (roads, power line construction, co-disposal tailings facility, ancillary buildings, and water management)
  • Life of mine processing period ("LOM") of 14.7 years
  • Average LOM strip ratio (Waste:Mineralization) of 4.04:1
  • LOM plant production of 21,874 Kilotons (kt=1,000 metric tonnes) of mill feed yielding 1,436 kt of graphite concentrate grading 95.0% Cg.
  • Average annual graphite concentrate production of 108 kt for the first eight years; LOM average annual production of 97.4 kt.
  • Average graphite mill head grade of 7.44% Cg for the first eight years; LOM average graphite mill head grade of 6.67% Cg.
  • Average LOM recovery of 93.5% Cg.
  • Measured + Indicated resource at the base case cut-off grade of 1.5% Cg of 23,165 kt at a 4.51% Cg grade for 1.04 Mt of graphite.
  • Inferred resource at the base case cut-off grade of 1.5% Cg of 46,821 kt at a 4.01% Cg grade for 1.9Mt of graphite.
  • Cash Cost of US$386 per tonne of graphite concentrate
  • All-in Sustaining Cost ("AISC") of US$406 per tonne of graphite concentrate

The Lomiko team is pleased to present the results of a PEA on its La Loutre Project, clearly demonstrating its potential for the Corporation to become a major North American graphite producer, with a positive after-tax Internal Rate of Return ("IRR") of 21.5% and after-tax Net Present Value ("NPV") of C$186M. The PEA supports an open pit project with production spanning 14.7 years with robust economics at a US$916/tonne Cg sale price, with very attractive cash costs and AISC, low CAPEX and low capital intensity. The first eight years will target production averaging 108 kt/a payable graphite concentrate peaking at 112 kt/a in year 4.

"La Loutre has shown it has the potential to become a highly profitable graphite mine in one of the most prolific producing regions in Canada. The La Loutre PEA was produced by the Ausenco team, one of the most experienced and reputable engineering firms working on mining projects in Canada. With further drill programs, we will continue to add to and upgrade resources as we seek to move the project forward towards production," said A Paul Gill, President, CEO and director, Lomiko.

The La Loutre Project PEA indicates the property has the geological potential to extend the mine life beyond the initial 14.7 years presented in the PEA as well as the opportunity to expand the scale of production by increasing the mineral resource through ongoing exploration and drilling. The Company's goal is for La Loutre to be a cornerstone mine for its future growth in a mining friendly jurisdiction. With a strong treasury to support their next steps, the Company plans to commence a Preliminary Feasibility Study (PFS) and Environmental Impact Studies while continuing to explore the geological potential of its La Loutre property.

"The development of Canada-USA and Canada-EU critical minerals collaboration agreements gives access for graphite products in these markets. There is a focus on projects with environmental, social and governance (ESG) acceptability which Lomiko has also adopted. The strict criteria for the report should result in competitively-priced graphite for customers in the North America and European markets. These recent agreements between Canada and the USA and Canada and Europe have identified graphite as a critical element that will be part of a new supply chain. Lomiko is ready to maximize La Loutre's value by advancing the studies to further refine and de-risk the project," added Gill.

Lomiko looks forward to working with its partners in the MRC of Papineau region including the Lac-des-Plages and the Duhamel municipalities, as well as the surrounding First Nations communities. We will also continue to work closely with the Quebec and Federal governments to advance the La Loutre Project.


Ausenco was appointed as lead PEA consultant on February 22, 2021, in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). Ausenco is the lead consultant responsible for the overall development of the PEA, including the processing, major infrastructure, hydrogeology, hydrology, environmental, co-disposal of mine waste rock and mill tailings, mining and economic assessment. Ausenco's specialist ESG group Hemmera Envirochem Inc., provided environmental support and Moose Mountain Technical Services was responsible for the resource estimate and mine design. Metpro Management Inc. (Metpro) was responsible for metallurgy.

The La Loutre Project is located in the Nominingue-Chénéville Deformation Zone in Quebec. The Property consists of one large contiguous block of 42 mineral claims totaling 2,508.97 hectares (25.09 km 2 ) and is located approximately 117 km northwest of Montréal in southern Québec, 230 km southwest of the Nouveau Monde Matawinie Project and 100 km southeast of the Imerys Graphite & Carbon Lac-des-îles mine.

Financial Analysis

The economic analysis was performed assuming an 8% discount rate. This analysis shows a projected pre-tax NPV 8% of $313.6M, internal rate of return IRR is 28.3% and payback period of 3.3 years. On an after-tax basis, an NPV 8% of $186M, IRR of 21.5% and payback period of 4.2 years is expected. A summary of the project economics is listed in (Table 1).

The size distribution as noted in Table 1 was derived from the lock cycle testing (LCT) on the Master composite by SGS Canada Inc. Benchmark Mineral Intelligence (Benchmark) provided pricing information based on Mesh Size only. The prices were derived based on Benchmark forecasted graphite prices and is noted in Table 1.

Table 1: Graphite Price Forecast

Mesh Size

Average 10-year Price


% Distribution

Weighted Average Price





















Description of Economic Valuation

Table 2: Summary of Project Economics


LOM Total / Avg.

Graphite Price (US$/tonne)


Exchange Rate ($US:$C)


Mine Life (years)


Total Waste Tonnes Mined (kt) (including pre-stripping)


Total Mill Feed Tonnes (kt)


LOM Operating Strip Ratio (W:O)



LOM Total / Avg.

Mill Head Grade (% Cg)


Mill Recovery Rate (%)


Concentrate Grade (% Cg)


Total Graphite Concentrate Recovered (kt)


Total LOM Average Annual Concentrate Production (kt)


Operating Costs

LOM Total / Avg.

Mining Cost (C$ /t Milled)


Processing Cost (CAD$/t Milled)


G&A Cost (C$/t Milled)


Total Operating Costs (C$/t Milled)


Transport Cost (C$/t Cg conc.)


Royalty NSR *

1.0 %

Cash Costs (US$/t Cg conc.) **


AISC (US$/t Cg conc.) ***


Capital Costs

LOM Total / Avg.

Initial Capital (C$M)


Sustaining Capital (C$M)


Closure Costs (C$M)


Salvage Costs (C$M)


Financials - Pre Tax

LOM Total / Avg.

NPV (8%) (C$M)


IRR (%)


Payback (years)


Financials - Post Tax

LOM Total / Avg.

NPV (8%) (C$M)


IRR (%)


Payback (years)


* La Loutre property is subject to a 1.5% NSR of which the company is buying back at 0.5% NSR for $0.5M.

** Cash costs consist of mining costs, processing costs, mine-level G&A, transportation costs and royalties.

*** AISC includes cash costs plus sustaining capital, closure cost and salvage value.


A sensitivity analysis was conducted on the base case pre-tax and after-tax NPV and IRR of the project, using the following variables: metal price, total capex (initial + sustaining), total operating costs and exchange rate. The tables below provide a summary of the sensitivity analysis.

Table 3: Post-Tax NPV (8%) Sensitivity


NPV (8%)

Initial CAPEX


















































Table 4: Post-Tax IRR Sensitivity



Initial CAPEX


















































Mineral Resource

The mineral resource is estimated from a drill hole database containing 117 drill holes consisting of 15,160 metres of drilling and 8,850 assay intervals.

The total Mineral Resource Estimate (MRE) is summarized in Table 5, with the base case cut-off of 1.5% Graphite highlighted. A Lerchs-Grossman resource pit has been constructed using the 150% pit case based on the prices, offsite costs, metallurgical recovery and graphite prices used for the economic analysis thus confining the resource to a "reasonable prospects of eventual economic extraction" pit shape. The cut-off grade is based on a processing cost of CDN$11.85/tonne, and General and Administrative Costs of CDN$2.37/tonne and a C$1.00 = US$0.75 as summarized in the notes below. A cut-off grade of 1.5% Cg has been used for the base case of the resource estimate, which more than covers the Process and G&A costs.

These mineral resource estimates include inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

Table 5: Mineral Resource Estimate (effective date May 14, 2021)


Cg (%)

EV Deposit

Battery Deposit



In Situ


In Situ


In Situ


























































































Notes to Table 5:

  1. Resources are reported using the 2014 CIM Definition Standards and were estimated using the 2019 CIM Best Practices Guidelines.
  2. Mineral Resources are reported inclusive of Mineral Reserves.
  3. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
  4. The Mineral Resource has been confined by a "reasonable prospects of eventual economic extraction" pit using the following assumptions: Exchange Rate C$1.00 = US$0.75; Weighted average price of graphite of US$ 916/tonne; 100% payable; Offsite costs including transportation and insurance of CDN$37.42/tonne; a 1.5% NSR royalty; Metallurgical recoveries of 95%.
  5. Pit slope angles are 45º below overburden, 20 o in overburden.
  6. The specific gravity of the deposit is 2.86 in unmineralized and low-grade zones and 2.78 in high-grade zones (within solids above a 4% Graphite grade).
  7. Numbers may not add due to rounding.

The following factors, among others, could affect the Mineral Resource estimate: commodity price and exchange rate assumptions; pit slope angles; assumptions used in generating the Lerchs–Grossmann (LG) pit shell, including metal recoveries, and mining and process cost assumptions. The QP is not aware of any environmental, permitting, legal, title, taxation, socioeconomic, marketing, political, or other relevant factors that could materially affect the Mineral Resource Estimate.


The mine plan includes 21.9 Mt of mill feed and 88.4 Mt of waste over the 14.7-year project life. Mine planning is based on conventional open pit methods suited for the project location and local site requirements. Owner-operated and managed open pit operations are anticipated to begin prior to mill start up, running for 14.7 years to pit exhaustion, with feed from the low-grade stockpile supplementing plant feed over the last two years.

The subset of Mineral Resources contained within the designed open pits, summarized in Table 6 with a 2.5% Cg cut-off, forms the basis of the mine plan and production schedule.

Table 6: PEA Mine Plan Production Summary

Mine Plan Production Description

Mine Plan Production Summary Values

PEA Mill Feed

21,874 kt

Average Graphite Mill Head Grade

6.67% Cg

Waste Overburden and Rock

88,396 kt

LOM Strip Ratio (W:O)


Mill Feed Graphite Grade (Years 1-8)

7.44 % Cg

Strip Ratio (Year 1-8)



  1. The PEA Mine Plan and Mill Feed estimates are a subset of the May 14, 2021, Mineral Resource estimates and are based on open pit mine engineering and technical information developed at a Scoping level for the La Loutre deposits.
  2. The Mineral Resources provided in this table were estimated using current Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Standards on Mineral Resources and Reserves, Definitions and Guidelines
  3. Mineral resources that are not mineral reserves have not demonstrated economic viability. Additional trenching and/or drilling will be required to convert Inferred and Indicated Mineral Resources to Measured Mineral Resources. There is no certainty that any part of a mineral resource will ever be converted into reserves
  4. Waste:mineralization contact edge dilution of 0.5m at contact block grades is applied to the in situ Mineral Resources. Partial blocks are diluted to whole blocks grades prior to applying cut-off grade. Mining Recovery of 100% of diluted tonnages is assumed.
  5. Mineral Resources are stated at a cut-off grade of 2.5 % C(g). Estimates have been rounded and may result in summation differences.

The economic pit limits are determined using Minesight™ Pseudoflow algorithm. La Loutre deposit comprises the Battery (B) zone and the Electric Vehicle (EV) zone. The B zone is planned as two pits, and the EV zone is split into two pits EV North (EVN) and EV South (EVS) with the EVN pit split into two phases. Pit designs are based on 45 degree overall configured on 6 metre bench heights, with 7.8-metre-wide berms placed every two benches with 70 degree face angles. The pit delineated resource for mine scheduling are listed in Table 7 below:

Table 7: PEA Mine Plan Pit Sequencing


ROM Tonnage (kt)

Insitu Grade (%)

Diluted Grade (%)

Waste (Mt)































Mine development is within the EVN pit for the first four years with development of the BN and BS zones beginning in Year 5. The EVN pit is mined out in Year 8 with backfill from the EVS, BN and BS pits beginning in Year 9 and final reclamation of the waste and co-disposal site.

The mill will be fed with material from the pits at an average rate of 1.5 Mtpa (4.1ktpd). Cut-off grade optimization is employed during the first 8 years, in a low-grade stockpile adjacent to the EVS pit entrances and is planned for reclamation to the mill in the last two years of the mine life. Overburden will be placed in a stockpile directly north of the EVS pit. A single waste rock and co-disposal site is located adjacent to the EV pits and will be reclaimed during the LOM. The majority of the Battery pit waste will be backfilled into the EVN pit as a co-disposal site.

Mining operations will be based on 365 operating days per year with two 12-hour shifts per day.

The mining fleet is based on diesel-powered drills with 140mm bit size for production drilling and grade control drilling, 4.5 m 3 bucket size diesel hydraulic excavators and 7 m 3 bucket sized wheel loaders for production loading, and 60 t payload rigid-frame haul trucks production hauling, plus ancillary and service equipment to support the mining operations. In-pit dewatering systems will be established for each pit. All surface water and precipitation in the pits will be handled by submersible pumps.

Maintenance on mine equipment will be performed in the field with major repairs to mobile equipment in the shops located near the plant facilities.

Milling and Processing

The La Loutre Process Plant employs standard flotation technology to produce a graphite concentrate. The plant includes crushing, grinding, classification, flotation, tailings thickening and filtration, graphite concentrate filtration, drying and screening and separation into the product sizes. Graphite concentrate is loaded into 1 tonne bags for shipment and sale.

The plant is expected to treat 1.5 Mt of feed per year at an average throughput of 4,100 t/d. The mill design availability is 8,147 hours per year or 93%, with an operating throughput of 184 t/h.

The plant has been designed to realize an average recovery of 93.5% of the graphite at a concentrate grade of 95% Cg over the life of the project based on metallurgical test work completed by SGS Lakefield in 2021. Graphite product split is estimated to be 32% plus 80 mesh (177 microns) and 68% less than 80 mesh (177 microns).

Mill tailings storage capacity has been identified to safely accommodate the life of mine production as described in this PEA. Mill tailings produced will be comingled or co-disposed with 50% of the mine waste rock in the central and southern portion and the balance of the waste rock will be stored predominantly in the northern section until after Year 9 of the operation in a co-disposal facility constructed northwest of the process plant.

The Co-Disposal Storage Facility perimeter containment berms will be constructed with waste rock from open pit mine development and will utilize downstream construction method to ensure safe tailings storage over the long-term. Run-off water and seepage from the Co-Disposal Storage Facility will be collected in an adjacent Water Management Ponds. Tailings production after Year 9 will be placed in the mined out EVN pit.

Capital and Operating Costs

The total pre-production capital cost for the La Loutre Project is estimated to be $236.1M including allowances for indirect costs and contingency of $41.4M and $36.1M respectively. Sustaining capital costs are estimated at $37.7M as shown in Table 8. Operating costs are estimated at $30.43 per tonne milled as per Table 9.

Table 8: Total Capital Costs

Cost Area Description

Initial Capital

Sustaining Capital
Cost (C$M)

Cost Area Description









Infrastructure (and Co-Disposal)




Off-site Infrastructure



Indirect Costs




Owner's Project Costs








Closure Cost








Table 9: Total Operating Costs

Cost Area


Annual Avg.
Cost (C$M)

Avg. LOM
(C$/t milled)

Avg. LOM
(US$/t Cg

OPEX (%)

Total Mine Operating Costs
Including Reclaiming Costs






Total Mill Processing Including
Water Treatment Costs






Total G&A Costs





8 %







Graphite Production

Projected graphite concentrate production averages 97.4 kt/a per year over the 14.7 year LOM, peaking at 112kt in year 4.

Next Steps

The results of the PEA indicate that the proposed Project has technical and financial merit using the base case assumptions. It has also identified additional field work, metallurgical test work, trade-off studies and analysis required to support more advanced mining studies. The QPs consider the PEA results sufficiently reliable and recommend that the La Loutre Project be advanced to the next stage of development through the initiation of a PFS and working towards completion of an Environmental Impact Study for the Project while continuing to explore the geological potential of the La Loutre property.

PEA Details

The independent PEA was prepared by Ausenco and MMTS. These firms provided mineral resource estimates, design parameter and cost estimates for mine operations, process facilities, major equipment selection, waste and tailings storage, reclamation, permitting, and operating and capital expenditures. Table 10 summarizes the contributors and their area of responsibility.

Table 10: Consulting Firm and Area of Responsibility

Consulting Firm

Area of Responsibility

Ausenco Engineering
Canada Inc.

  • Process plant design.
  • Surface infrastructure design: including terracing, electrical and IT infrastructure design, buildings, utilities roads, and site water management.
  • Co-disposal facility design.
  • Surface infrastructure and process plant capital costs
  • Process plant operating costs.
  • Financial analysis and overall NI 43-101 integration.

Hemmera Envirochem Inc.
(An Ausenco Company)

  • Hydrogeology
  • Hydrology
  • Waste rock, tailings, and feed geochemical characterization.
  • Site wide water balance.
  • Groundwater quality input to environmental studies.
  • Environmental studies, permitting and closure costs.
  • Regulatory context, social considerations, and anticipated environmental
    regulatory compliance.

Metpro Management Inc.

  • Metallurgical test work development and analysis.

Moose Mountain Technical

  • Historical data review.
  • Current and historical geology, exploration, drilling.
  • Sample preparation and QA/QC, and data verification.
  • Geological modelling and mineral resource estimate.
  • Mine and mine infrastructure design.
  • Mine production scheduling.
  • Mine capital costs and operating costs.

Qualified Person

All technical information, not pertaining to the PEA, in this news release has been reviewed and approved by Mike Petrina, P.Eng., who is a "qualified person" as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").

The PEA has been prepared by Ausenco. The contributors to the report are Qualified Persons ("QP") under National Instrument 43-101 and are independent of Lomiko for the purposes of the NI 43-101. The technical content of the PEA and this press release has been reviewed and approved by:

Tommaso Roberto Raponi, P.Eng (PEO), Process and Infrastructure
Mohammed (Ali) A. Hooshiar Fard, P.Eng (EGBC), Tailings and Water Management
Greg Trout, P.Eng (APEGA), Mining
Sue Bird, P.Eng (EGBC), Resource Estimate
Scott Weston, P.Geo (EGBC), Environment
Oliver Peters, P.Eng (PEO), Metallurgical Testwork

Non-IFRS Financial Measures

The Company has included certain non-IFRS financial measures in this news release, such as Initial Capital Cost, Cash Operating Costs, Total Cash Cost, All-In Sustaining Cost, Expansion Capital and Capital Intensity, which are not measures recognized under IFRS and do not have a standardized meaning prescribed by IFRS. As a result, these measures may not be comparable to similar measures reported by other corporations. Each of these measures used are intended to provide additional information to the user and should not be considered in isolation or as a substitute for measures prepared in accordance with IFRS.

Non-IFRS financial measures used in this news release and common to the graphite mining industry are defined below.

Total Cash Costs and Total Cash Costs per graphite concentrate tonnes

Total Cash Costs are reflective of the cost of production. Total Cash Costs reported in the PEA include mining costs, processing & water treatment costs, general and administrative costs of the mine, off-site costs, refining costs, transportation costs and royalties. Total Cash Costs per graphite concentrate tonnes is calculated as Total Cash Costs divided by graphite concentrate tonnes.

All-in Sustaining Costs ("AISC") and AISC per graphite concentrate tonnes

AISC is reflective of all of the expenditures that are required to produce a tonne of graphite concentrate from operations. AISC reported in the PEA includes total cash costs, sustaining capital, closure costs and salvage, but excludes corporate general and administrative costs. AISC per tonne of graphite concentrate is calculated as AISC divided by graphite concentrate tonnes.

About Lomiko Metals Inc.

Lomiko Metals holds a 100% interest in its La Loutre graphite development in southern Quebec. Located 117 kilometres northwest of Montreal, the property consists of 1 large, continuous block with 42 minerals claims totalling 2,509 hectares (25.1km 2 ). Lomiko also optioned The Bourier project consisting of 203 claims, for a total ground position of 10,252.20 hectares (102.52 km 2 ) in Canada's lithium triangle near the James Bay region of Quebec that has lithium deposits and mineralization trends.

For more information on Lomiko Metals, review the website at , contact A. Paul Gill at 604-729-5312 or email: .

About Ausenco

Ausenco is a global company redefining what's possible. Ausenco's team is based across 26 offices in 14 countries, with projects in over 80 locations worldwide. Combining deep technical expertise with a 30-year track record, Ausenco delivers innovative, value-add consulting studies, project delivery, asset operations and maintenance solutions to the mining & metals, oil & gas and industrial sectors.

Ausenco's experience in mining projects ranges from conceptual, pre-feasibility and feasibility studies for new project developments to project execution with EPCM and EPC delivery.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the transaction; and any other information herein that is not a historical fact may be "forward-looking information". Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Corporation, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the restart of operations; further steps that might be taken to mitigate the spread of COVID-19; the impact of COVID-19 related disruptions in relation to the Corporation's business operations including upon its employees, suppliers, facilities and other stakeholders; uncertainties and risk that have arisen and may arise in relation to travel, and other financial market and social impacts from COVID-19 and responses to COVID-19. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Corporation nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Corporation does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

On Behalf of the Board,

"A. Paul Gill"
Chief Executive Officer

1 The long-term weighted-average graphite price is determined by weighting the percentage of production of flake sizes of graphite against the respective flake size prices.

A. Paul Gill

News Provided by Business Wire via QuoteMedia

Lomiko Metals

Lomiko Metals

Keep reading...Show less
Battery Mineral Resources Corp. Announces Robust NI 43-101 Resource Estimate of 6.2 million Tonnes Indicated and 3.1 million Tonnes Inferred At its Punitaqui Copper Mine Complex

Battery Mineral Resources Corp. Announces Robust NI 43-101 Resource Estimate of 6.2 million Tonnes Indicated and 3.1 million Tonnes Inferred At its Punitaqui Copper Mine Complex

Battery Mineral Resources Corp. (TSXV: BMR) ("BMR" "Battery" or the "Company") is excited to announce a robust NI 43-101 resource update for its Punitaqui copper mining complex in Region IV of Chile. This resource estimate, completed for Battery by independent consultants JDS Energy & Mining Inc. ("JDS"), is a major milestone for the company.

The resource estimate is based on our Phase 1 drill program, initiated in August 2021 which totalled 32,526 meters ("m") of diamond core drilling and also includes the drilling and mining data from the Cinabrio mine completed by prior operators including Glencore PLC. The BMR Phase 1 drilling focused on three zones at Punitaqui: Dalmacia, San Andres, and Cinabrio Norte. An updated technical report will be filed on the Company's website and SEDAR within 45 calendar days of this disclosure.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
South Star Battery Metals Announces Application Submittal for the Full Mining License Doubling Production at its Santa Cruz Graphite Project and Update on Small-Scale Pilot Metallurgical Testing Program for Alabama Graphite Project

South Star Battery Metals Announces Application Submittal for the Full Mining License Doubling Production at its Santa Cruz Graphite Project and Update on Small-Scale Pilot Metallurgical Testing Program for Alabama Graphite Project

South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBD), is pleased to announce that it has submitted the Planned Economic Analysis ("PAE") and the request for the final mining license ("concessão de lavra") to the Brazilian Mining Authority ("ANM") on August 15 th 2022 for the Claims 872.7352010, 872.7362010, 871.0532011 and 871.5242013 which is where the Phase 2 and 3 facilities are planned. The proposed PAE doubles the Santa Cruz production capacity presented in the previously released PFS (March 2020) and incorporates a third phase of project development. The planned production schedule follows:

  • 2 years with 5,000 tonnes per year ("tpy") of concentrates (Phase 1);
  • 2 years with 25,000 tpy of concentrates (Phase 2); &
  • Life of mine ("LOM") with 50,000 tpy of concentrates (Phase 3).

In February of 2022 (See Press Releases from February 9 th and 24 th ) the final exploration reports for all of the Company's 13 claims were approved by the ANM. The PAE for 872.737/2010 was previously submitted August 1 st , 2022 (See Press Releases from August 2 nd ). The approval of the PAEs and mining licenses is the final step in securing the LOM mining license for each of the exploration claims and converting them to mining concessions. The environmental field work for the 3 phased production schedule is scheduled to begin in Q3 of 2022, and the Company intends to submit all the environmental documents for review and comment by early Q1 of 2023.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
stock chart superimposed over skyscrapers

5 Top Weekly TSXV Performers: Gratomic’s Benching Program Benefits Share Price

The S&P/TSX Venture Composite Index (INDEXTSI:JX) continued to edge higher during the second week of August, on track to add almost 10 percent from its Monday (August 8) start of 665.4.

Canada’s junior index had a slight decline mid-week, slipping to the 661 level; however, positive momentum across major North American indexes allowed the TSXV to reach a five day high of 679 late on Thursday (August 11).

Investor sentiment improved following news that July’s Consumer Price Index data out of the US indicates inflation is easing, coming in at 8.5 percent following June’s 9.1 percent, which was a 40 year high.

Keep reading...Show less
Gratomic Inc.

Gratomic Inc.

Gratomic Inc is an advanced materials company. It is focused on low-cost mine to market commercialization of carbon-neutral, eco-friendly, high purity vein graphite and is set to become a key player in EV and Renewable Resource supply chains. The company is in the process of solidifying its plans for the micronization, spheronization, and coating of its Aukam vein graphite. The company is engaged in the acquisition and exploration of assets located primarily in Canada and Namibia.

NMG Provides Quarterly Update as the Company Advances Phases 2 and 3 of Its Growth Plan and Files its Feasibility Study for the Matawinie Mine and Bécancour Battery Material Projects

+ Construction substantially finalized for the Company's Phase-1 coating unit, with commissioning activities initiated; production is scheduled to start towards the end of Q3-2022.

+ Completion of a compliant feasibility study following NI 43-101 rules and guidelines for the Phase-2 Bécancour Battery Material Plant and Matawinie Mine, demonstrating attractive economics with an after-tax net present value of C$ 1,581 million and internal rate of return of 21%.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Altech Chemicals Ltd Interview with Chief Financial Officer Martin Stein

Perth, Australia (ABN Newswire) - Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) advises that an interview featuring Chief Financial Officer Mr Martin Stein with The Market Herald is now available for viewing on the following YouTube link:

as well as at the Company's website

In the interview, Martin discusses Altech's Preliminary Feasibility Study in relation to its 10,000tpa plant planned to be built in Germany for its patented technology and trademarked battery material product Silumina AnodesTM, a recent visit by Altech's executive management team to Germany, and also provides an update on Altech's Silumina AnodesTM pilot plant currently being constructed in Germany.

About Altech Chemicals Ltd:

Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (Al2O3) through the construction and operation of a 4,500tpa high purity alumina (HPA) processing plant at Johor, Malaysia. Feedstock for the plant will be sourced from the Company's 100%-owned kaolin deposit at Meckering, Western Australia and shipped to Malaysia.

HPA is a high-value, high margin and highly demanded product as it is the critical ingredient required for the production of synthetic sapphire. Synthetic sapphire is used in the manufacture of substrates for LED lights, semiconductor wafers used in the electronics industry, and scratch-resistant sapphire glass used for wristwatch faces, optical windows and smartphone components. Increasingly HPA is used by lithium-ion battery manufacturers as the coating on the battery's separator, which improves performance, longevity and safety of the battery. With global HPA demand approximately 19,000t (2018), it is estimated that this demand will grow at a compound annual growth rate (CAGR) of 30% (2018-2028); by 2028 HPA market demand will be approximately 272,000t, driven by the increasing adoption of LEDs worldwide as well as the demand for HPA by lithium-ion battery manufacturers to serve the surging electric vehicle market.

Altech Chemicals Ltd

News Provided by ABN Newswire via QuoteMedia

[subscribe_company_profile use_post="101821931"]

Keep reading...Show less

Latest Press Releases

Related News