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Gratomic $GRAT.ca Appoints Karl Trudeau as a Director and Head of Namibian Operations $NGC.ca $LLG.ca $GPH.ca $NOU.ca $NMI.ca #TODAQ

Posted by AGORACOM-Eric at 8:51 AM on Wednesday, January 20th, 2021
  • Karl brings to the Board his unique experiences in building and operating some of the most profitable graphite mines in the Western World.

Gratomic Inc. (“GRAT” or the “Company”) (TSX.V:GRAT)(OTCQB:CBULF)(FRANKFURT:CB82)(WKN:A143MR) announces the appointment of Karl Trudeau as a Director of the Company and Head of Namibian Operations.

Karl brings to the Board his unique experiences in building and operating some of the most profitable graphite mines in the Western World. Working for Imerys Graphite et Carbonne, he operated and optimized the Lac-Des-Îles graphite mine to become the most profitable mining operation in Quebec in 2014. An additional significant milestone was achieved with Imerys, through his role as Natural Graphite Operations Leader, where Karl was responsible for the construction and development of the Okanjande Graphite Mine in Namibia, Africa.

As the COO of Nouveau Monde Graphite, Karl made important contributions to the project including his work as a pioneer in the electrification of mining operations. As the world is changing, Gratomic will be a focused leader in making the necessary and important change of establishing carbon neutral operations. Karl brings with him the knowledge from previous projects, which will assist in making the Company’s Aukam Graphite Project a carbon neutral operation.

The strength of established working relationships on previous projects with Armando Farhate and Andre Bennet and having a strong track record of delivering to plan will be a key contributing factor to the success of the Aukam Graphite Project.

“I had the privilege of working directly with Karl in other Graphite projects and having him side by side at the Board of Directors of Gratomic will ensure we continue to improve our governance level,” said Armando Farhate, COO & Head of Graphite Marketing and Sales.

“On behalf of the Board of Directors, I am very pleased to welcome Karl to the Board. This step solidifies his role with the Company and represents a harbinger of the success to come in Gratomic’s future,” said Arno Brand, President & CEO of Gratomic Inc.

The appointment of Karl Trudeau as a director is subject to the approval of the TSX Venture Exchange.

Read More: https://agoracom.com/ir/Gratomic/forums/discussion/topics/753448-gratomic-appoints-karl-trudeau-as-a-director-head-of-namibian-operations/messages/2299015#message

Gratomic $GRAT.ca $CBULF Defines Product Marketing Strategy as Construction Advances at Aukam Graphite Mine $NGC.ca $LLG.ca $GPH.ca $NOU.ca $NMI.ca #TODAQ

Posted by AGORACOM-Eric at 8:15 AM on Friday, January 15th, 2021
  • Foundations of its product marketing and sales strategy have been officially defined

Gratomic Inc. (TSXV:GRAT)(FSE:CB82)(WKN:A143MR)(OTCQB:CBULF) is pleased to announce that the foundations of its product marketing and sales strategy have been officially defined.

During the commissioning phase, due to begin in March 2021, the company will be testing production quality and quantity. In order to support this development, Gratomic has plans in place to upgrade its laboratory facilities at Aukam. This will enable us to properly characterize the initial production batches generated during the commissioning process, and feedback the information to our Process Control, in order to define parameters required to ensure repeatability and efficiency of the production.

As a supplement to our main strategic focus on the battery industry and graphene applications (see press release from Dec 30th, 2020), Gratomic will pursue the development of graphite grades commonly used in applications such as graphitic foil, lubricants, crucibles, refractories, friction materials and ceramics, among others.

This will allow the Company to diversify our portfolio and optimize the output of the processing plant. Filling the remainder of the Aukam Book in terms of offtake and purchase schedules. In the coming weeks, Gratomic will pursue the preparation of samples for 53 graphite end users around the world, in order to begin the testing and homologation procedures that precede the use of our product into the most technical applications.

Gratomic’s Product Marketing team has requested an additional 550 kg of graphite samples be shipped to Toronto for conversion to SG16 Battery Grade product specifications in addition to the initial shipment of 243Kg of graphite, which was previously dispatched (see press release from Oct 28,2020). Both samples are destined for distribution to Battery OEM Manufacturers.

Read More: https://agoracom.com/ir/Gratomic/forums/discussion/topics/753096-gratomic-defines-product-marketing-strategy-as-construction-advances-at-aukam-graphite-mine/messages/2298104#message

Gratomic $GRAT.ca Announces Update on Construction at Aukam Graphite Project $NGC.ca $LLG.ca $GPH.ca $NOU.ca $NMI.ca #TODAQ

Posted by AGORACOM-Eric at 1:43 PM on Thursday, January 14th, 2021

Gratomic Inc. (“Gratomic” or the “Company”) (TSXV:GRAT)(FRANKFURT:CB82) (WKN:A143MR) (OTCQB: CBULF) is pleased to announce that it has completed the settling reservoir on the mine site and has begun the commissioning process on the settling and water filtration tanks. The Company is thrilled to report that it remains on target for its planned commissioning in March of 2021.

Gratomic has mobilized a crane through local company, Coleman Transport, located in Rosh Pinah, Namibia. Coleman Transport will assist the team with the placement of the custom engineered plant equipment to allow for final assembly. The custom equipment arrived on site in October as per the Press Release dated October 15th, 2020 (http://gratomic.ca/2020/10/15/gratomic-one-step-closer-to-completion-of-aukam-processing-plant/).

The Aukam team will begin commissioning the crushing and grinding circuit the third week of January. Steel Frames and Structures are expected to be installed by the 25th of January.

READ MORE: https://agoracom.com/ir/Gratomic/forums/discussion/topics/753029-gratomic-announces-update-on-construction-at-aukam-graphite-project/messages/2297926#message

Gratomic $GRAT.ca Address to Investors: Follow Up To January 12, 2021 Announcement $NGC.ca $LLG.ca $GPH.ca $NOU.ca $NMI.ca #TODAQ

Posted by AGORACOM-Eric at 4:12 PM on Wednesday, January 13th, 2021
  • As of today, and for the foreseeable future, graphite is the only viable material for the anode in this type of battery. 
  • Nearly all applications of Li-ion batteries use coated spherical graphite as the anode material.

Graphite is the material with the largest share in weight in Li-ion batteries amounting to up to 70% of the total battery weight, totalling between 5kg (hybrid electric vehicles) to 100kg (full electric vehicles) per vehicle.

Nevertheless, as the main appeal for electric vehicles versus traditional internal combustion engine (ICE) vehicles is their low environmental impact, the very fact that this key material’s supply chain generates negative environmental impact, is a roadblock for unlocking repressed demand. Therefore, the battery grade graphite that Gratomic expects to offer to the market with neglectable environmental footprint will be the perfect solution to allow the EV manufacturers to overcome this challenge.

Gratomic has already initiated contacts with battery manufacturers in different countries, in order to tailor the development of the uncoated spherical graphite according to each individual requirement.

The many upsides for Gratomic in this arrangement include (but are not limited to):

1.Timing!

  • TDN is currently up-listing to a prestigious Crypto trading platform in the USA! This is a great benefit to Gratomic because, as digital currencies gain strength, so too will Gratomic. This agreement has been negotiated from a position of strength as our agreement exists at an equivalent of $0.30 USD and TDN.

2.TDN is currently valued at an approximated $1.00 USD

  • as its recent contract with Webtoons has been negotiated at this price.

3.TODAQ is partnered with various notable and established companies

  • Hyundai, Visa, US Military,and many others, validating its solid foundation and future potential.

4.Todaq has also established long term relationships with the Saudi Arabian Government with their E-Waste Management systems. This contact is based on an $0.85 USD value.

5.Gratomic Inc. is also set to become the first companyto ever trade graphite as a commodity on a metals exchange!

6.Gratomic is following in the footsteps of BHP & Maersk,

  • Rolled out their own crypto networks to achieve the same end goal. A good breakdown to understanding the value of the TDN contract is as follows:
    • Gratomic receives 145 million TDNat $0.30 USD, while TDN is currently transacting at $1.00 USD,
    • addionally, this contract only represents 5% of Aukams Processing Capacity

Stay tuned for a more in-depth overview from Gratomic’s President and CEO, Mr. Arno Brand.

Gratomic $GRAT.ca Upgrades Pre-Purchase Agreement with Crypto Currency Company to Battery Grade Graphite for the EV Market $NGC.ca $LLG.ca $GPH.ca $NOU.ca $NMI.ca #TODAQ

Posted by AGORACOM-Eric at 9:58 AM on Tuesday, January 12th, 2021
  • New agreement between the Company and TODAQ to provide battery grade graphite SG16 for the EV Battery Market
  • TODAQ is proposed to receive an aggregate of graphite valued at US$25,000,000 from Gratomic’s Aukam Graphite Project in Namibia over a 36-month period in exchange for a non-cash digital asset created by TODAQ as a medium for exchange and store of value known as a TODA note

Gratomic Inc. (“Gratomic” or the “Company”) (TSXV:GRAT)(FRANKFURT:CB82)(WKN:A143MR)(OTCQB:CBULF) wishes to announce that it has upgraded its pre purchase agreement with technology company, TODAQ Star Program Phase 1 Corp.(“TODAQ“), a subsidiary of TODAQ Holdings Inc., pursuant to the terms of a new agreement dated January 7, 2020 between the Company and TODAQ (the “Supply Agreement“) to provide battery grade graphite SG16 for the EV Battery Market. TODAQ is proposed to receive an aggregate of graphite valued at US$25,000,000 from Gratomic’s Aukam Graphite Project in Namibia over a 36-month period in exchange for a non-cash digital asset created by TODAQ as a medium for exchange and store of value known as a TODA note (“TDN“). The Supply Agreement fulfillment has been negotiated at an exchange rate of USD$0.30 per TDN note.

The Supply Agreement contemplates that Gratomic will deliver, to TODAQ, 5,000 tonnes of SG16 product valued at USD$25 million under the terms of the agreement, over a 36-month period. TODAQ will put in an initial order of 1,800 tonnes, valued at USD $9 million, in exchange for 30,000,000 TDN, over the first 90-day period of the contract. The original agreement with TODAQ announced in the Press Release dated October 17, 2019, and referred to in the Press Release dated May 25, 2020, provided that the first 1800 tonnes of product would be purchased on the basis of an exchange rate of USD$0.10 per TDN with the balance being purchased at the market rate for TDN.

The Supply Agreement now fixes the value of the TDN notes at USD$0.30 for the purchase of the entire 5000 tonnes providing a fixed value and certainty for the Company. The first delivery date has not yet been established and will depend upon when the Company completes the construction of its processing plant at the Aukam Project in Namibia (see Press Release dated December 31, 2020 for an update on the status of the processing facility). When the Company is ready to deliver the SG16 product to TODAQ, it will inform TODAQ. TODAQ will then submit a purchase order for an initial 600 tonnes of product valued at $3 million and TODAQ will issue 10 million TDN to the Company. The Company will have 90 days thereafter to deliver the product to an on-site warehouse at the Aukam Property under the control of TODAQ which will constitute good delivery for the product. The Company intends to hold onto any TDN received for a minimum six months after which it will start liquidating the TDN into cash. See “Risk Factors” below.

As part of the Supply Agreement, both TODAQ and Gratomic will also be establishing a jointly owned entity, Q Corp, to hold an initial reserve of 60 million TDN to be used to build a treasury of commodities including graphite. As well, Q Corp will be provided with digital supply chain, custody, wallet and trading solutions by TODAQ USA, the digital solution provider of TODAQ, so Gratomic customers and graphite owners can own verifiably authentic and clean graphite which can be traded peer-to-peer and brought to exchange markets. Q Corp offers the option to Gratomic to trade excess production coming from its Aukam Processing facility to Q Corp.

READ MORE: https://agoracom.com/ir/Gratomic/forums/discussion/topics/752818-gratomic-upgrades-pre-purchase-agreement-with-crypto-currency-company-to-battery-grade-graphite-for-the-ev-market/messages/2297242#message

Lomiko $LMR.ca Sees Biden’s $400 Billion Commitment To Clean Energy As An Opportunity For Quebec Mine Developers $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM-Eric at 8:36 AM on Tuesday, January 12th, 2021

Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) is focused on the exploration and development of flake graphite in Quebec for the new green economy.  Lomiko has been monitoring emerging legislation aimed at reducing North American dependence on Chinese supply of graphite and other electric vehicle battery materials.  The US Geological Society 2020 report indicates that 100% of graphite anodes are currently imported to the United States as there are no domestic graphite mines able to produce the material used in Electric Vehicles.

Nomination of Jennifer Granholm as Secretary of Energy

Jennifer Granholm born in Vancouver, B.C., is Joe Biden’s nominee to head the US Department of Energy (DOE). The DOE is responsible for developing and implement clean technologies needed to reach Biden’s fossil fuel reduction targets. Ms. Granholm is passionately committed to decarbonizing the economy.  Combined with a large budget economic plan, there is a clear indication that change to clean energy is the order of the day.

Biden aims to hit net-zero emissions by 2050 which is a goal shared by the Trudeau federal government in Canada and builds upon the Canada-US supply strategy agreement. Biden is well-regarded by the Canadian government on issues of mining and green energy.  In January 2020, Canada and the U.S. announced they have finalized the Canada–U.S. Joint Action Plan on Critical Minerals Collaboration, advancing mutual interest in securing supply chains for the critical minerals needed for important manufacturing sectors, including communication, aerospace, defense, and clean technology.

Read More: https://agoracom.com/ir/Lomiko/forums/discussion/topics/752799-lomiko-sees-biden-s-400-billion-commitment-to-clean-energy-as-an-opportunity-for-quebec-mine-developers/messages/2297181#message

Lomiko $LMR.ca Views the Roberts Bank Terminal 2 Development As Critical Infrastructure for the New Green Economy $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM-Eric at 2:01 PM on Thursday, January 7th, 2021

Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) is focused on the exploration and development of flake graphite in Quebec for the new green economy. Lomiko CEO A. Paul Gill is a member of the Surrey Board of Trade (‘SBOT”) Transportation Committee and whole-heartedly supports SBOT’s endorsement of the project. Lomiko has been monitoring emerging legislation aimed at developing a new green economy and views the Robert Bank Terminal 2 as a necessary project based on economic and environmental considerations.

“We believe in growing a new green economy”, stated A. Paul Gill, CEO of Lomiko Metals, “Canada must have key infrastructure in place to participate in this green-growth strategy.”

Read More:https://agoracom.com/ir/Lomiko/forums/discussion/topics/752555-lomiko-views-the-roberts-bank-terminal-2-development-as-critical-infrastructure-for-the-new-green-economy/messages/2296516#message

Gratomic $GRAT.ca Files Application to Trade Product M97 on Tech Metals Trading Platform $NGC.ca $LLG.ca $GPH.ca $NOU.ca $NMI.ca #TODAQ

Posted by AGORACOM-Eric at 8:18 AM on Thursday, December 31st, 2020

Gratomic Inc. (“GRAT” or the “Company”) (TSXV:GRAT)(FSE:CB81)(WKN:A143MR)(OTCQB:CBULF) is pleased to announce that it has applied to trade its graphite product M97 on a technology metals trading platform that will provide global institutional liquidity in a number of US proclaimed critical metals products including graphite. Product M97 is a grade of graphite that Gratomic is developing and testing as a suitable product for battery grade graphite. The metals exchange, which must remain unnamed until its own launch in the first quarter of 2021, has impeccable corporate governance, and regulatory credentials. The metals exchange is headquartered in the UK and boasts strategic support from a leading globally known securities trading platform. That company provides full security to the underlying stock, in the manner of other international commodities exchanges.

Gratomic has been developing Product M97 from Graphite process in its pilot plant at its Aukam Property and its analysis to date indicates that the grade of graphite can be obtained once its Aukam processing plant is operating. Product M97 will not be listed for trading until the metals exchange is satisfied with the specifications of the product, has accepted Product M97 for trading and sufficient quantities of the product are available for trading.

“In the history of mining or commodity trading, commodities have almost always excelled in their availability for institutional buying on both Wall Street and Bay Street. This step to ultimately institutionalize graphite as a commodity demonstrates the Gratomic team’s ingenuity and advanced thinking,” commented Arno Brand, President & CEO of Gratomic Inc.

“Being ahead of the competition on all aspects of the business is in the DNA of the Gratomic team. Having graphite traded in a similar manner to copper and gold will give our shareholders more transparency about commercial processes. Our unique carbon coded, environmentally friendly graphite is intended to add a brand-new, clean commodity class to the graphite marketplace.” commented COO & Head of Graphite Marketing and Sales, Armando Farhate.

Gratomic wishes to emphasize that no Preliminary Economic Analysis (“PEA”), Preliminary Feasibility Study or Feasibility Study has been completed to support any level of production. In fact no mineral resources, let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam Property.

The Company appointed Dr. Ian Flint to complete a preliminary economic assessment (PEA) on the Aukam Processing plant. The study, its recommendations, and their subsequent implementation, will provide conclusions and recommendation at a PEA level of comfort relating to the scale up of the existing processing plant to a commercial scale processing facility that will provide the desired concentrate grades and production rates. A preliminary economic assessment is preliminary in nature, it includes 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, and there is no certainty that the preliminary economic assessment will be realized.

Gratomic wishes to emphasize that the supply of graphite to trade on the metals exchange referred to in this Press Release is conditional on Gratomic being able to bring the Aukam project into a production phase, and for any graphite being produced to meet certain technical and mineralization requirements. Gratomic continues to move its business towards production and as part of its business plan, expects to obtain a National Instrument 43-101 Standards of Disclosure for Mineral Projects technical report to help it ascertain the economics of the Aukam project.

Risk Factors
No mineral resources, let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam Property. The Company is not in a position to demonstrate or disclose any capital and/or operating costs that may be associated with the processing plant.

The Company advises that it has not based its production decision on even the existence of mineral resources let alone on a feasibility study of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit.

Historically, such projects have a much higher risk of economic and technical failure. There is no guarantee that production will begin as anticipated or at all or that anticipated production costs will be achieved.

Failure to commence production would have a material adverse impact on the Company’s ability to generate revenue and cash flow to fund operations. Failure to achieve the anticipated production costs would have a material adverse impact on the Company’s cash flow and future profitability.

About Gratomic Inc.
Established in 2014, Gratomic is an advanced materials company 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. Gratomic Inc. is a leader among peers, anticipating full operational capabilities in late 2020 and aiming to transition to an open pit operation as early as the end of 2021.

Gratomic is in the process of solidifying its development plans for micronization and spheronization of its clean Aukam graphite. This significant milestone is a small, additional step in the Company’s existing Eco-friendly processing cycle and will allow its naturally high purity graphite to meet ideal North American battery grade standards for use in Li-ion battery anodes.

The Company promises to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. The tracking will begin at Aukam and will be verified at every stage during transport.

Two off-take purchase agreements are currently held for lump-vein graphite sourced from Gratomic’s Aukam Graphite Project in Namibia, Africa. Fulfillment of the contracts is slated to begin in 2021. The agreements exist with TODAQ and Phu Sumika.

TODAQ is an innovative tech company and will partner with Gratomic on its mine-to-market commodity tracking.

Phu Sumika is a large global graphite supplier to battery and lubrication companies.

Gratomic Inc. is listed on the TSX Venture Exchange under the symbol GRAT.

For more information: visit the website at www.gratomic.ca or contact:
Arno Brand
[email protected]
(416) 561-4095

Gratomic $GRAT.ca Seeks To Partner With Graphene Producers $NGC.ca $LLG.ca $GPH.ca $NOU.ca $NMI.ca #TODAQ

Posted by AGORACOM-Eric at 1:41 PM on Wednesday, December 30th, 2020
  • GRATOMIC CONTINUES TO REACH OUT TO GRAPHENE PARTNERS AROUND THE WORLD

Gratomic Inc. continues to reach out to graphene partners around the world as its value-add focus. The company will continue to send graphite products to various potential graphene partners for evaluation and potential strategic alliances/joint ventures.

Perpetuus Carbon Technologies has received significant investment from Gratomic in the research and development of graphenes as a nanofiller material in tires, energy storage, polymers and carbon fibers. In the early stages, the results were staggering as presented in the company’s latest corporate presentation, released on Tuesday, Dec. 22, 2020.

Gratomic has also worked extensively on graphene-enhanced concrete fillers and graphite additive solutions into brick moulds. The research on this is continuous and is now finding its way into pilot testing at Aukam. The expected result Gratomic seeks to achieve from this additive to brick and concrete solutions is to create a superior concrete product that could potentially outlast its existing counterparts in the market.

The company endeavours to advance its Aukam graphite asset and has been focusing most of its resources on completing construction on the Aukam processing plant, while the development of its graphene-related activities continues at a more moderate pace.

Arno Brand, president and chief executive officer, said: “We believe the leading strategy for success in the graphene space is to partner with the most successful graphene producers in different applications, as they would have already perfected their processes in these areas. All successful companies must have a strategic and focused plan for growth. This is no different for Gratomic. Our world-class, versatile team has conscientiously planned every step and phase of the growth process in order to optimize value for shareholders over the life of the project.”

“Graphene will be a game-changing, advanced material and Gratomic has been focusing on the best graphite predecessor grade for this application,” commented Armando Farhate, chief operating officer and head of graphite marketing and sales.

About Gratomic Inc.

Established in 2014, Gratomic is an advanced materials company 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. Gratomic is a leader among peers, anticipating full operational capabilities in late 2020 and aiming to transition to an open-pit operation as early as the end of 2021.

Gratomic is in the process of solidifying its development plans for micronization and spheronization of its clean Aukam graphite. This significant milestone is a small, additional step in the company’s existing eco-friendly processing cycle and will allow its naturally high-purity graphite to meet ideal North American battery-grade standards for use in lithium-ion battery anodes.

The company promises to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship Aukam graphite project. The tracking will begin at Aukam and will be verified at every stage during transport.

Two off-take purchase agreements are currently held for lump-vein graphite sourced from Gratomic’s Aukam graphite project in Namibia, Africa. Fulfilment of the contracts is slated to begin in 2021. The agreements exist with TODAQ and Phu Sumika.

TODAQ is an innovative tech company and will partner with Gratomic on its mine-to-market commodity tracking.

Phu Sumika is a large global graphite supplier to battery and lubrication companies.

Gratomic is listed on the TSX Venture Exchange under the symbol GRAT.

Lomiko $LMR.ca Reviews 2020 and Looks Forward to 2021 Developments $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM-Eric at 8:50 AM on Wednesday, December 30th, 2020

Vancouver, B.C., Dec. 30, 2020 (GLOBE NEWSWIRE) — Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) is focused on the exploration and development of graphite for the new green economy.  Despite the negative effects of COVID, Lomiko Management are happy to report the company has made significant strides forward over the last year.

 2020 La Loutre Flake Graphite Property Developments

 Lomiko formed a La Loutre Technical, Safety and Sustainability Committee (“LTSSC”), reporting to the Board of Directors.  The LTSCC is comprised of A. Paul Gill, CEO and Directors, Gabriel Erdelyi and Gregg Jensen.  The LTSSC will oversee the assessment of the La Loutre Flake Graphite Property, and liaise with service providers, technical staff, and stakeholders to put forward a series of crucial technical documents including, but not limited to, a Scope of Work (SOW), Graphite Characterization and Metallurgy, Response for Proposal (RFP) on a Preliminary Economic Assessment, and, if required, pre-feasibility, bulk samples, pilot plant, feasibility and construction plans.  The Committee will govern the hiring of technical staff, liaise with extra-company agencies and representatives, and provide a conduit to the Board of Directors to make crucial decisions on the project.  The Board and Committee has accepted a proposal by SGS Canada Inc. to conduct a Metallurgical Process Development Program with results due in early 2021.

New Board Members

Mr. Mike Petrina joined the Lomiko Board and the Lomiko Technical, Safety and Sustainability Committee (“LTSSC”) has appointed him the Project Manager for development of La Loutre.  Mr. Petrina has years of executive experience with Adanac Molybdenum, Hawthorne Gold, MAG Silver and Probe Minerals.  Mr. Petrina’s extensive experience with advanced stage projects in the Pre-economic Assessment (PEA) Stage will be extremely helpful as Lomiko proceeds with the La Loutre Project.

Also, Mr. Gregg Jensen joined the Lomiko Board.  He has over 25 years of experience in Finance and Business management spanning several industries from technology, mining, engineering, to professional services.

Kenmar Securities Engaged to Raise $ 40 Million Cdn

Lomiko Metals engaged Kenmar Securities, LLC of New York to raise $ 40 million Cdn for the acquisition and development of critical metals projects. Kenmar Securities, LLC, is a Delaware limited liability corporation and SEC registered securities broker dealer and FINRA member.

The Advisor will assist the Company in analyzing its business, operations, properties, financial condition and prospects, prepare suitable marketing materials, contact any potential partner companies, assist and advise the Company with respect to the financial form and structure of any potential transaction.

Government Support for Critical Minerals Supply Chain Development

Lomiko has been monitoring emerging legislation aimed at reducing dependence on Chinese supply of graphite, lithium and other electric vehicle battery materials.  100% of graphite is currently imported to the United States as there is no domestic graphite mines able to produce material for graphite anodes used in Electric Vehicles.  Please also refer to news release September 9, 2020 and October, 7 2020 related to changing government policies regarding critical minerals.

US Election Bonus for Critical Minerals Companies 

In a boon for the critical minerals mining industry, President-elect Joe Biden’s committed to a historic investment in clean energy and innovation, developing rigorous new fuel economy standards aimed at ensuring 100% of new sales for light- and medium-duty vehicles will be zero emissions and annual improvements for heavy duty vehicles.

Biden will invest $400 billion over ten years, as one part of a broad mobilization of public investment, in clean energy and innovation.  The funds will accelerate the deployment of clean technology throughout the US with a target of reducing the carbon footprint of the U.S. building stock 50% by 2035.  The new government will work with governors and mayors to support the deployment of more than 500,000 new public charging outlets by the end of 2030.

Lomiko’s Opportunity in the Critical Minerals Supply Chain

Graphite demand is expected to increase exponentially for natural graphite material, as more is used in the production of spherical graphite for graphite anodes of Electric Vehicle Lithium-ion batteries.

With a completion of $ 750,000 financing October 23, 2020, and a further $985,000 completed December 22, 2020, Lomiko plans to work on its near-term goals of the company are as follows:

1) Complete 100% Acquisition of the La Loutre Property, currently 80% owned by Lomiko Metals.

2) Complete metallurgy and graphite characterization to confirm li-ion anode grade material.

3) Complete a Technical Report to confirm the extent of the mineralization equals or surpasses the nearby Imerys Mine, owned by international mining conglomerate.

A “technical report” means a report prepared and filed in accordance with this Instrument and Form 43-101F1 Technical Report, and includes, in summary form, all material scientific and technical information in respect of the subject property as of the effective date of the technical report;

4) Complete Preliminary Economic Assessment (PEA)

A PEA means a study, other than a pre-feasibility or feasibility study, that includes an economic analysis of the potential viability of mineral resources.

For more information on Lomiko Metals, Promethieus, review the website at www.lomiko.com, and www.promethieus.com, contact A. Paul Gill at 604-729-5312 or email: [email protected].com.

On Behalf of the Board

“A. Paul Gill”

Director, Chief Executive Officer