Agoracom Blog

Client Feature: Lomiko Metals $LMR.ca Leading the EV Battery Boom $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM-Eric at 11:33 AM on Thursday, November 26th, 2020

Lomiko Metals (LMR: TSXV) has discovered high-grade graphite at its La Loutre property in Quebec and is working toward a Pre-Economic Assessment to increase the current resource to 10m/t of 10% Cg (graphite) in order to supply the future demand needs of a burgeoning metals battery market. 

LOMIKO METALS Paul A. Gill: 

“Initial indications are that La Loutre Graphite Property is high-quality and high-grade and thus worthy of development.” stated A. Paul Gill, CEO. “The only operating graphite mine in North America which is the Imerys Graphite & Carbon at Lac-des-Îles, is 30 miles northwest of La Loutre and has operated for 30 years. 

Lomiko is in an ideal position to participate in the Electrical Vehicle market with the potential to become a North American supplier of graphite materials for the emerging battery EV battery market. Here is why: 

  • Battery metals (including graphite) boom despite widespread Covid-19 disruption. 
  • WoodMac – Graphite…..forecasts that the battery sector would make up more than 35% of demand by 2030, with demand growing by 1.6 million tonnes by that date. 
  • Simon Moores – “There is no doubt now that regardless of how well Tesla’s vehicles continue to sell, raw material availability will be the primary slowing factor on the company scaling.” 
  • Wood Mackenzie highlight the demand impact battery production will have on the raw materials required. ” When it comes to graphite, the report forecasts that the battery sector would make up more than 35% of demand by 2030, with demand growing by 1.6 million tonnes by that date. 

2 Reasons Why Battery Demand is Key to Lomiko’s Growth 

  1. 2019 to 2030 demand increase forecast for EV metals as the EV boom takes off – ‘Battery’ graphite demand forecast to grow 10x.

Source: Courtesy BloombergNEF 

  1. The impact of the proposed megafactories on raw material demand (graphite in red) 
  • Lithium demand expected to be 1.48m tonnes in 2028 vs 82,000 in 2018 
  • Graphite demand expected to be 2.23m tonnes in 2028 vs. 170,000 in 2018 

Source: Benchmark Mineral Intelligence 

SOURCE: https://seekingalpha.com/article/4376757-graphite-miners-news-for-month-of-september-2020

Hub On AGORACOM 

FULL DISCLOSURE: LOMIKO Metals is an advertising client of AGORA Internet Relations Corp. 

Tags: , , , , , , ,

Comments are closed.