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Lomiko EV Battery Material Supply Strategy Includes Spherical Graphite Production from La Loutre Suitable for Graphite Anodes $LMR.ca $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca $DNI.ca

Posted by AGORACOM-Eric at 11:08 AM on Tuesday, August 13th, 2019
  • Identified spherical graphite production as a key waypoint in plans to supply graphite anodes for Electric Vehicles (EVs) Li-ion battery megafactories
  • “We are at the beginning of the battery materials bull market with 91 Lithium-ion mega-factories built or to be built worldwide.

(Vancouver, British-Columbia) August 13, 2019 – Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) (Lomiko or the “Company”) has identified spherical graphite production as a key waypoint in plans to supply graphite anodes for Electric Vehicles (EVs) Li-ion battery megafactories in the North American market discussed in a July 16th, 2019 release.  Testing for spherical graphite is to be included in a Preliminary Economic Assessment (PEA) which is planned for the La Loutre graphite project located in Quebec, Canada.  The development of a strategy that identifies a way to create value-added products is necessary to establish a long-term, profitable business model prior to  extensive capital outlay is crucial to the success of the company.

A. Paul Gill, CEO states, “We are at the beginning of the battery materials bull market with 91 Lithium-ion mega-factories built or to be built worldwide.  However, potential North American Suppliers of graphite materials are facing investor skepticism because graphite materials coming from African mines such as Syrah Resources are satisfying Chinese graphite anode demand at present.  Lomiko sees an opportunity in creating a stable and integrated North American value chain for North American EV manufacturers to African graphite or Chinese anodes which are susceptible to political strife or trade wars.”

Graphite Sector Analysis

The price for 95% C (purity), 15 microns Spherical Graphite is $2,700-2,800 USD/tonne, far above the price of other forms of graphite as indicated by the Industrial Minerals.  Lomiko’s Preliminary Economic Assessment (PEA) will include costs and the potential market for this key product.  In order to start the PEA, Lomiko must first deliver its second resource prepared in compliance with NI 43-101 Regulations from La Loutre.

Industrial Minerals indicates China imported 21,486 tonnes of flake graphite in June 2019, 14,864 tonnes came from Mozambique, accounting for 70% of total Chinese imports.  The principal source of graphite flake in Mozambique is Syrah Resources, which primarily produces 94% C, -100 mesh material. Increased exports from Mozambique has weighed on the market since Syrah began commercial production at the start of this year. June’s import volumes into China were the highest since at least January 2017.

In the first half of this year, China imported 105,462 tonnes of flake graphite in response to the healthy development of the lithium-ion anode industry in China.

At least half of total imported flake graphite was used in the anode industry, with the refractory sector the second largest consumer, according to market sources.

The use of large flake graphite as a refractory (heat-resistant) material began before 1900 with the graphite crucible used to hold molten metal. In the mid-1980s, the carbon-magnesite brick became important, and a bit later alumina-graphite material.  Graphite blocks are also used in parts of blast furnace linings where the high thermal conductivity of the graphite is critical.

Graphite electrodes are another long-term market for natural flake graphite.  Graphite conductors which release electric energy in the form of an electric arc, are used to heat and melt the steel scraps in an electric arc furnace. They are currently the only products with high electrical conductivity and are able to maintain extremely high heat generation in this demanding environment. With the growing demand for quality steel in the aerospace, automotive and electronics industries, graphite electrodes are also becoming increasingly popular. 

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

On Behalf of the Board,

“A. Paul Gill”

Chief Executive Officer

We seek safe harbor. Neither 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 release

Lomiko Metals $LMR.ca: Tesla Battery Researcher Jeff Dahn Talks $100 kWh Cells, Removing Cobalt $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca $DNI.ca

Posted by AGORACOM-Eric at 3:16 PM on Tuesday, August 6th, 2019

SPONSOR: Lomiko Metals LMR:TSX-V – A Canadian exploration-stage company discovered high-grade graphite at its La Loutre Property in Quebec and is working toward a Pre-Economic Assessment (PEA) that will increase its current indicated resource of 4.1 Mt of 6.5% Cg to over 10 Mt of 10%+ Cg through a 21 hole program at the Refractory Zone. Click Here For More Information

https://electrek.co/wp-content/uploads/sites/3/2017/02/jeff-dahn-prize-e1486506458760.jpg?resize=1024,512
  • Dahn is considered a pioneer in Li-ion battery cells.
  • His work now focuses mainly on a potential increase in energy density and durability, while also decreasing the cost.

Jeff Dahn, the head of Tesla’s battery research group in Halifax, talks about achieving $100 kWh cost of battery cells, removing cobalt from cells, and more in a rare new interview.

Dahn is considered a pioneer in Li-ion battery cells. He has been working on the Li-ion batteries pretty much since they were invented. He is credited for helping increase the life cycle of the cells, which helped their commercialization.

His work now focuses mainly on a potential increase in energy density and durability, while also decreasing the cost.

In 2016, Dahn transitioned his research group from their 20-year research agreement with 3M to a new association with Tesla under the newly formed ‘NSERC/Tesla Canada Industrial Research’.

Through the agreement, Tesla invested in a new research lab close to Dahn’s group near Halifax, Nova Scotia.

We haven’t heard much from Dahn over the past few years, but we previously reported that his group has been working on additives to the electrolyte in order to increase the performance of Li-ion battery cell chemistry.

The group started filing patents on battery technology for Tesla earlier this year.

More recently, we reported on a new patent that could help prevent cell failure in Tesla vehicles.

In an interview with YouTuber Sean Mitchell, the scientist talks about his latest research and answers a few interesting questions about batteries:

Electrek’s Take

Interestingly, Tesla wasn’t mentioned at all during the interview and I wouldn’t be surprised if Tesla was off the table since Dahn has let things out of the bag about Tesla before.

A few things of note in the interview include the mention of removing cobalt from battery cells, which is one of Tesla’s goals.

Dahn is also on board with the latest projections that battery cell cost should go below $100 kWh within the next few years.

The milestone has been described as the tipping point that makes battery-electric vehicles cost-competitive with gasoline cars on a massive scale.

I also found it interesting how Dahn has a very similar approach to Elon Musk when it comes to evaluating new battery technologies. He said: “Until you put it in a prototype and you demonstrate that it’s a manufacturable item and economically viable, you can’t jump and down too much” That’s something we hear Elon say a lot every time new battery technologies are announced.

Source: https://electrek.co/2019/08/05/tesla-battery-researcher-jeff-dahn-talks-100-kwh-cells-removing-cobalt/amp/?__twitter_impression=true

CLIENT FEATURE: $LMR.ca Lomiko Metals Aims To Develop Graphite Anode Material for EVs $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca $DNI.ca

Posted by AGORACOM-Eric at 4:18 PM on Monday, July 22nd, 2019
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  • Estimates point to 2022 as equilibrium between Electric and Combustible Sales
  • Graphite anode demand is set to increase from 194,160 tonnes in 2017 to 1,080,360 tonnes by 2023 and 1,747,800 tonnes by 2028
  • Automakers are taking action to put millions of electric vehicles on the road
  • Quebec and B.C Governments dedicated to “Green Economy”
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Lomiko Metals Inc. has been keenly watching the lithium-ion battery market in anticipation of identifying an opportunity to participate in the supply of materials for electric vehicles with its La Loutre graphite project located in Quebec, Canada.  Lomiko is focused on advancing the La Loutre graphite property and is looking to deliver an NI 43-101 graphite resource based on the success of its recently completed drilling campaign at the Refractory Zone.  This will add to the previously announced 43-101 graphite resource at the adjacent Graphene-Battery zone announced March, 2016.

A. Paul Gill, CEO states, “Lomiko believes that it is in an ideal position to participate in the burgeoning Electric Vehicle market, with the potential to become a North American supplier of graphite materials, a market currently dominated by foreign supply from China. Graphite is a major and critical material in the manufacture of lithium-ion and other batteries, specifically battery anodes”.

  • According to Benchmark Minerals, graphite anode demand is set to increase from 194,160 tonnes in 2017 to 1,080,360 tonnes by 2023 and 1,747,800 tonnes by 2028. [Source: INN Graphite Investing News]
    On February 4, 2019, Simon Moores of Benchmark Mineral Intelligence raised supply and demand concerns in a submission to the US Senate which was echoed by Energy and Natural Resource Committee Chair Senator Lisa Murkowski in a February 5, 2019 News Release: “In contrast to the energy sector, our nation is headed in the wrong direction on mineral imports. This is our Achilles’ heel that serves to empower and enrich other nations, while costing us jobs and international competitiveness,” Murkowski said. Lomiko brought this crucial opportunity to the attention of shareholders in a February 8, 2019.
  • Recent announcements and cooperation agreements on electric vehicle and self-driving cars between Ford and Volkswagen indicates automakers are taking action to put millions of electric vehicles on the road.  Raw material demand for graphite, lithium and nickel sourced from North American is likely to increase as a result. Ford said its battery electric vehicle rollout will start in 2020 with a performance utility, and it plans to launch 16 battery electric vehicles by 2022.
  • In other positive developments, Quebec Premier Francois Legault reiterated his commitment to make the Province the ‘Green Battery’ of North America through investments in electric buses and trams while British Columbia Premier John Horgan aims to eliminate all gas-powered cars by 2040.
     
    For more information on Lomiko Metals, review the website at www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email: [email protected]

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

Lomiko Metals $LMR.ca Looks to Participate in North American Graphite Anode Production for EV Lithium-ion Batteries $DNI.ca $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM-Eric at 1:09 PM on Tuesday, July 16th, 2019
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  • Lomiko is in an ideal position to participate in the burgeoning Electric Vehicle market
  • Has the potential to become a North American supplier of graphite materials with La Loutre graphite project located in Quebec, Canada.
  • Graphite is a major and critical material in the manufacture of lithium-ion and other batteries, specifically battery anodes

Vancouver, B.C., July 16, 2019 — July 16, 2019 – Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) (Lomiko or the “Company”) has been keenly watching the lithium-ion battery market in anticipation of identifying an opportunity to participate in the supply of materials for electric vehicles with its La Loutre graphite project located in Quebec, Canada.  Lomiko is focused on advancing the La Loutre graphite property and is looking to deliver a NI 43-101 graphite resource based on the success of its recently completed drilling campaign at the Refractory Zone.  This will add to the previously announced 43-101 graphite resource at the adjacent Graphene-Battery zone announced March, 2016.

A. Paul Gill, CEO states, “Lomiko believes that it is in an ideal position to participate in the burgeoning Electric Vehicle market, with the potential to become a North American supplier of graphite materials, a market currently dominated by foreign supply from China. Graphite is a major and critical material in the manufacture of lithium-ion and other batteries, specifically battery anodes”.

According to Benchmark Minerals, graphite anode demand is set to increase from 194,160 tonnes in 2017 to 1,080,360 tonnes by 2023 and 1,747,800 tonnes by 2028. [Source: INN Graphite Investing News]

On February 4, 2019, Simon Moores of Benchmark Mineral Intelligence raised supply and demand concerns in a submission to the US Senate which was echoed by Energy and Natural Resource Committee Chair Senator Lisa Murkowski in a February 5, 2019 News Release: “In contrast to the energy sector, our nation is headed in the wrong direction on mineral imports. This is our Achilles’ heel that serves to empower and enrich other nations, while costing us jobs and international competitiveness,” Murkowski said. Lomiko brought this crucial opportunity to the attention of shareholders in a February 8, 2019

Recent announcements and cooperation agreements on electric vehicle and self-driving cars between Ford and Volkswagen indicate automakers are taking action to put millions of electric vehicles on the road.  Raw material demand for graphite, lithium and nickel sourced from North American is likely to increase as a result. Ford said its battery electric vehicle rollout will start in 2020 with a performance utility, and it plans to launch 16 battery electric vehicles by 2022.

In other positive developments, Quebec Premier Francois Legault reiterated his commitment to make the Province the ‘Green Battery’ of North America through investments in electric buses and trams while British Columbia Premier John Horgan aims to eliminate all gas-powered cars by 2040.

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

On Behalf of the Board,

“A. Paul Gill”

Chief Executive Officer

We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release

A. Paul Gill
Lomiko Metals Inc. (TSX-V: LMR)
6047295312
[email protected]

Lomiko Metals and Quebec Precious Metals report multiple 100 m+ intercepts and multiple 10%+ Cg Zones at La Loutre Flake Graphite Project $DNI.ca $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM-Eric at 8:21 AM on Tuesday, July 9th, 2019
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  • Results from the remaining 16 exploration diamond drill holes from the 2019 program at the Refractory Zone of the La Loutre graphite project
  • The strike length of the mineralization is estimated at 900 m in the NW-SE direction and is open in both directions.  A detailed interpretation of the results will be carried out to better estimate the thickness and strike length of the mineralized zone.
  • Next Step is to establish new resource estimate for the entire project including the 36 new drill holes completed since the 2016 resource estimate.

Vancouver, B.C. and Montreal, Que, July 09, 2019 (GLOBE NEWSWIRE) — Lomiko Metals Inc. (TSX-V:LMR, OTC:LMRMF, FSE:DH8C) (Lomiko  or the “Company”) and Quebec Precious Metals Corporation (TSX.V:CJC, FSE:YXEP, OTC-BB:CJCFF) (“QPM”) are pleased to announce the results from the remaining 16 exploration diamond drill holes received from the 2019 program (see Table 1 below, and Figure 1) at the Refractory Zone of the La Loutre graphite project (the  “Project”). A total of 21 holes were completed on the Refractory Zone for a total of 2,985 metres.  The Project is owned by Lomiko (80%) and QPM (20%).

 â€œLa Loutre has proven to be a large and high-grade area worthy of further investment.” stated A.  Paul Gill, CEO. “The only operating graphite mine in North America is the Imerys Graphite & Carbon at Lac-des-ÃŽles, 53 km northwest of La Loutre which reported Proven reserves of 5.2 M Tonnes at a grade of 7.42 % Cg in July 1988 before the start of production.” (reference: Potentiel de la minéralisation en graphite au Québec, N’Golo Togola, MERN, page 31, Conférence Québec Mines, November 24 2016).

Although the current focus is on the Refractory Zone, the Project was also subject of an independent technical report in accordance with NI 43-101 – Standards of Disclosure for Mineral Projects, prepared by B. Turcotte and G. Servelle of InnovExplo Inc. from Val-d’Or, Québec, and O. Peters, of AGP Mining Inc., dated March 24,  2016, filed for the Project’s Graphene-Battery Zone. The report presented a mineral resource estimate of 18.4 M Tonnes at a grade of 3.19% carbon flake graphite (“Cg”) in the Indicated category and 16.7 M Tonnes at 3.75% Cg in the Inferred category using a cut-off of 1.5% Cg.

The above-noted 2016 mineral resource does not include the current results or the intercepts from the Refractory Zone in 2016 which were as follows:

LL-16-01 – 7.74% Cg over 135.60 m including 16.81% Cg over 44.10 m

LL-16-02 – 17.08% Cg over 22.30 m and 14.80% Cg over 15.10 m

LL-16-03 – 14.56% Cg over 110.80 m

The next task is to complete a new resource estimate in compliance with NI 43-101 for the entire Project including the 36 new drill holes completed since the above-mentioned 2016 resource estimate.

Table 1: Results of the 21 drill holes of the 2019 drill program. The width is drill indicated core length. Insufficient data exists to determine true width at this time.

Hole ID # UTM E UTM N Azimuth Dip Mineralization Gp %
From(m) To(m) Interval (m)
LL-19-01 499426 5098072 66.7 -50 3.00 10.50 7.50 18.85
  109.50 213.00 103.50 9.89
Including: 109.50 177.00 67.50 13.89
LL-19-02 499364 5098071 62.1 -50 114.80 117.00 2.20 8.62
LL-19-03 499515 5097977 55.6 -50 43.90 174.00 130.10 3.73
Including: 106.50 162.90 56.40 4.97
LL-19-04* 499567 5098041 65.9 -50 3.00 93.00 90.00 2.75
LL-19-05 499562 5097944 56.3 -50 100.50 148.50 48.00 2.70
LL-19-06 499614 5097980 63.3 -50 5.50 30.00 24.50 6.81
  52.50 70.30 17.80 4.89
LL-19-07 499644 5098001 66.1 -50 6.00 84.00 78.00 2.31
LL-19-08 499630 5097931 57.3 -50 55.50 109.50 54.00 2.73
LL-19-09 499654 5097957 63.1 -50 27.60 86.50 58.90 8.05
  51.00 86.50 35.50 9.94
LL-19-10 499587 5097909 62.9 -50 102.00 108.00 6.00 3.54
LL-19-11 499687 5097903 75.1 -50 90.00 108.00 18.00 4.42
Including: 100.50 105.00 4.50 10.10
LL-19-12 499641 5097888 69.1 -50.00 93.00 124.50 31.50 1.26
LL-19-13 499669 5097837 56.8 -50 81.00 90.00 9.00 6.35
  106.50 136.50 30.00 1.19
LL-19-14* 499700 5097803 59.7 -50 80.70 99.00 18.30 4.43
LL-19-15*

499751 5097832 64.8 -50 51.00 167.90 116.90 4.80
Including: 152.70 167.90 15.20 18.04
LL-19-16** 499851 5097829 66.5 -50 4.10 92.00 87.90 7.14
Including: 70.50 91.50 21.00 15.48
  132.00 160.50 28.50 3.86
LL-19-17* 499894 5097804 78.2 -50 15.00 62.30 47.30 7.56
Including: 51.00 62.30 11.30 17.45
  96.00 126.00 30.00 1.96
LL-19-18 499919 5097767 69.6 -50 3.00 36.20 33.20 3.50
  43.70 60.00 16.30 12.38
  69.80 72.00 2.20 12.38
LL-19-19 499792 5097791 63.2 -50 55.50 166.50 111.00 4.93
Including: 55.50 84.00 28.50 3.40
Including: 110.50 166.60 56.10 7.47
Including: 145.50 166.50 21.0 15.69
LL-19-20 499839 5097766 69.5 -50 34.30 40.50 6.20 4.07
  97.50 115.50 18.00 2.18
  118.30 124.10 5.80 16.00
LL-19-21 499857 5097726 52.9 -50 96.00 104.60 8.60 2.85

* Results announced in May 6, 2019 press release.

** Results announced in April 24, 2019 press release.

 On the basis of the available geophysical and 2016 drilling data, the strike length of the mineralization is estimated at 900 m in the NW-SE direction and is open in both directions.  A detailed interpretation of the results will be carried out to better estimate the thickness and strike length of the mineralized zone.

The Project consists of contiguous claim blocks totaling 29 km2 situated approximately 53 km NW of the Lac-des-Îles mine, formerly known as the Timcal mine, North America’s only operating graphite mine. It is accessible by driving NW from Montreal for a distance of approximately 170 kilometres.

 The 2019 exploration program is managed by Consul-Teck Exploration Minière Inc. (“Consul- Teck”) of Val-d’Or, Quebec, who designed the drilling campaign, supervised the program and logged and sampled the core.

Quality Assurance/Quality Control

Consul-Teck implemented QA/QC procedures to ensure best practices in sampling and analysis of the core samples. The drill core was logged and then split, with one half sent for assay and the other retained in the core box as a witness sample. Duplicates and blanks were inserted at a regular interval into the sample stream.

 The samples in secure tagged bags were delivered directly to the analytical facility for analysis. In this case, the analytical facility was the ALS Minerals laboratory facility in Val-d’Or, Quebec. The  samples are weighed and identified prior to sample preparation. The samples are crushed to 70% minus 2 mm, then separated and pulverized to 85% passing 75µm. All samples are analyzed for Cg using the C-IR18 method.

 Qualified Person

Jean-Sébastien Lavallée (OGQ #773), Geologist, is a shareholder of both companies, VP  Exploration of QPM and a Qualified Person under NI 43-101, has reviewed and approved the technical content of this release.

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

 On Behalf of the Board,

“A. Paul Gill”

Chief Executive Officer

We seek safe harbor. Neither 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 release

Attachments

A. Paul Gill
Lomiko Metals Inc. (TSX-V: LMR)
6047295312
[email protected]

CLIENT FEATURE: $LMR.ca Lomiko’s La Loutre Poised to Supply High Grade Graphite to Emerging Battery Market $DNI.ca $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM-Eric at 10:45 AM on Wednesday, July 3rd, 2019
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  • Completd a 21-hole diamond drilling program on the Refractory Zone of the La Loutre graphite property
  • Focus of the program was to expand a discovery announced March 7, 2017, and reviewed March 7, 2019 containing high grade intercepts of 7.74% Cg over 135.60 metres, including 16.81% Cgr over 44.10 metres from hole LL-16-001.
  • Two different intersections in hole LL-16-002 reporting 17.08% Cg over 22.30 metres and 14.80% Cg over 15.10 metres

LOMIKO Hub on Agoracom

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

Former Syrah Graphite Processing Expert Sandio Pereira Joins Lomiko Board of Advisors $LMR.ca $DNI.ca $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM-Eric at 10:36 AM on Wednesday, May 15th, 2019
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Lomiko Metals Inc. is pleased to report that Mr. Sandio Pereira, the former Processing Manager for the world’s biggest graphite mine, the Balama Project owned by Syrah Resources of Australia, has joined the Lomiko Board of Advisors as Lomiko moves toward establishing a Pre-economic Assessment.

“We are very honoured to have Mr. Pereira identify the La Loutre Project as having world class potential and provide his expertise and contacts to help move the project forward,” stated A. Paul Gill, CEO.

Mr. Pereira has recognized North American projects may have good potential based on recent comments by US Senator Lisa Murkowski in her keynote address at the Benchmark Minerals Conference in New York in which she states:

“The significance of foreign oil dependence is widely understood, but our foreign mineral dependence is equally – if not more – serious. Last year [the United States] imported at least 50 percent of 48 minerals, including 100 percent of 18 of them. That should worry everyone, particularly because it is happening at the same time that demand, for everything from graphite and lithium to cobalt and nickel, is about to skyrocket…. I have introduced the American Mineral Security Act, a bipartisan bill that takes a comprehensive approach to rebuilding our domestic mineral supply chain. Unless we take significant steps, we’re at risk of ceding major economic drivers to other countries.”

Mr. Pereira is a Project Manager with a Master’s Degree in Mining, Metallurgical and Materials Engineering with extensive experience as a Process Engineer. He has over 30 years of experience in engineering, implementation, commissioning, ramp up, industrial operations, marketing and product development for mining companies in graphite including the development of spherical graphite for application in lithium-ion batteries. Mr. Pereira was a crucial member of the Syrah team as the company raised $150 million to start move the project forward to production and operation.

Benchmark Minerals will continue with their world tour and the next conference is sold out to the public but limited media passes are available. Battery Megafactories and Battery Materials in Vancouver, B.C. on May 15, 2019 at the Vancouver Convention Centre 8 am – 5:30 pm.

Lomiko Metals Inc

Lomiko Metals Inc. is a Canada-based, exploration-stage company. The Company is engaged in the acquisition, exploration and development of resource properties that contain minerals for the new green economy. Its mineral properties include the 80% owned La Loutre and Lac Des Iles Graphite Properties and the 100% owned Quatre Milles Graphite Property.

It’s wholly owned subsidiary Lomiko Technologies Inc. is a 40% owner of Graphene ESD Corp, a 18.5% holder of SHD Smart Home Devices www.shddevices.com which produces electronic products and a 20% holder of Promethieus Technologies Inc. www.promethieus.com a technology incubator launching an IPO in Europe.

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

On Behalf of the Board,

“A. Paul Gill”
Chief Executive Officer

We seek safe harbor. Neither 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 release

View source version on businesswire.com: https://www.businesswire.com/news/home/20190514005142/en/

A. Paul Gill, 604-729-5312
[email protected] Copyright Business Wire 2019

Continued Expansion in the Graphite Space: More Canadian Juniors for Rapid Growth

Posted by AGORACOM-JC at 12:40 PM on Wednesday, April 11th, 2012

By Nathan Pearson and Rachel Harrison
ResourcexInvestor.com

With the graphite space exploding like a supernova, junior exploration companies are snapping up prime real estate to sink their eager drills into across Canada and beyond. It’s an exciting time for investors and investees alike as we find ourselves in the eye of a perfect storm in which insufficient supply is beginning to clash with ever-increasing demand. From rapid industrial advancements in developing nations to a host of burgeoning green technologies, graphite seems to be at the center of it all.

Why Graphite Matters
Graphite is one of three types of carbon, alongside amorphous—such as coal and charcoal—and diamonds. Graphite also exists in amorphous form, as well as crystalline flake and lump/vein and is classed by grade, mesh and moisture content. Not only found within pencils, graphite is used extensively in steel manufacturing as well as applications such as brake linings and clutches, lubricants, crucibles and plastics. But that’s only half the story. Newly emerging and green technologies are sending the demand skyward as lithium-ion batteries, fuel cells, solar panels, pebble bed nuclear reactors and graphene become technologies of today rather than tomorrow.

What is it about graphite that makes it so suitable for a wide variety of applications? The reasons are numerous: it’s an excellent conductor of heat and electricity, is extremely resistant to strong acids as well as thermal shock, is a phenomenal lubricant, is highly refractive and has the highest natural strength and stiffness of any known material.

And then there’s graphene. These one-atom-thick sheets of graphite make up the thinnest and strongest material ever developed: two hundred times stronger than steel and several times tougher than a diamond. Because it conducts both electricity and heat better than copper, it has vast potential in applications such as LCD touch-screen technology, transistors, solar cells and data and energy storage units.

A Perfect Storm:
Supply and Demand Graphite demand has been rising at a steady rate of five percent per year for the last decade, due largely to the rapid industrialization of developing nations such as China and India. Another factor is the lithium-ion battery, needed to satisfy the First World’s thirst for consumer goods such as laptops, cameras, cell phones and mp3 players, as well as electric and hybrid vehicles, which can require up to seventy kilograms of graphite per vehicle. Surprisingly, the lithium-ion battery takes twenty to thirty times more graphite than lithium to produce. These factors have a Canaccord research report stating that, “Annual flake graphite production will have to increase by a factor of six by 2020 to meet incremental lithium carbonate requirements for batteries”.

Seventy percent of the world’s graphite is currently exported from China. The problem lies in a combination of depleted reserves, a need to fuel their own growing steel and automotive industries and a steep twenty percent export duty and seventeen percent VAT. This has contributed to the price of graphite doubling since 2010 and nearly tripling since 2008. Prices for graphite are determined by flake size and purity—with premium product being large flake, high carbon graphite—and currently commands up to $3000 per tonne.

The remaining thirty percent of graphite production takes place in countries such as India, Brazil, North Korea, Madagascar, Sri Lanka and Canada, but not nearly enough sources exist to meet the burgeoning demand. It is estimated that up to twenty-five more mines worth of new production could be needed. It is for this reason that the British Geological Survey has declared graphite a critical material and the European commission included graphite among the fourteen materials it considers high in economic importance and supply risk.

Junior Companies On the Scene
So, what should investors look for when researching players in the graphite space? In terms of a company’s resource, investors will want to focus on projects with near-surface, high-grade, large-flake deposits that are in politically and economically safe areas with sound infrastructure. Investors in the know will have already heard about players such as Northern Graphite and Focus Metals, but who else has taken to the stage?

Graphite One Resources Inc. Delving right in, Graphite One (TSX-V: GPH) has a market cap is $27 million and shares are going for $0.35 as of April 2.

As well as Graphite One’s Kelly Creek gold property, they also own 100% interest of their Graphite Creek property, acquired in February and located on privately owned land on the Seward Peninsula of Alaska within a pro-mining jurisdiction. The property is 65 km north of Nome, 3 km from an airstrip, and 20 km from the nearest road systems.

This scalable deposit contains the potential for over 200 million tonnes of graphite-bearing rocks, with large-flake, high purity graphite exposed at the surface, creating favourable conditions for an open-pit mining configuration. Graphite One estimates the potential grades at the site to fall between 5.0% – 10% Cg and plans to be NI 43-101 compliant by next year. Their exploration campaign of geologic mapping, surface sampling, conductivity survey and diamond drilling are set to be carried out in Q2 and Q3 of this year.

Graphite One’s management team combines over twenty years experience in mineral exploration, development and production. They have managed major high-budget exploration programs and collectively financed over $250 million for various resource companies. Acting as CEO, Chairman and Director is Charles Chebry B.Sc. CMA. His list of achievements is lengthy and includes positions as CEO, Chairman and Director of Altiplano Minerals Ltd., Director of Argonaut Exploration Inc., Happy Creek Minerals Ltd. and North Country Gold Corp., former Director of CBR Gold Corp, President and founder of Arta Enterprises Inc., past CFO of Kaminak Gold Corp. and Kivalliq Energy Corp., Anthony Huston B.Comm., as President and and Director; Mr. Huston has a background in management and finance having served as a Managing Partner with both public and private companies where he recently played an integral role in raising over $20M. Mr. Huston acted as lead financial advisor on a range of finance and acquisition transactions in many industry sectors including technology, bio-tech, and most recently the resource sector. He holds a Bachelor of Commerce degree from the University of British Columbia. Past CFO, Vice President of Finance and Director of Olympia Trust Company and Olympia Financial Group Inc., where Mr. Chebry remains a Director. Joining Mr. Chebry in his efforts at Graphite One is Dean Besserer P.Geo, VP Exploration; Dale Hansen CMA, CFO; John Williamson P.Geo, Director; Sean Mager B.Comm, Director; Peter Kleespies P.Geo, Director; and John Robins P.Geo, Advisory Board.

Lomiko Metals
Lomiko Metals (TSX-V: LMR) (US: LMRMF) (FSE: DH8B) is a Vancouver-based company focused on electric minerals with three properties, one each in the lithium, gold and graphite spaces. As of April 2 their market capitalization is $8.88 million and shares can be purchased for $0.16.

Lomiko holds 100%-interest in its Quatre Milles Graphite Project located approximately 175 km northwest of Montreal and 17 km north of Sainte- Veronique, Quebec. The 1,600-hectare property consists of 28 contiguous claims and was previously explored by Graphicor Resources Inc. beginning in 1989. Although the historical assays conducted at Quatre Milles at the time predate the introduction of NI 43-101, the results should not be ignored. Three surface samples were collected and analyzed returning results of 14.16% Cgf, 18.06% Cgf and 20.35% Cgf. Twenty-three of the initial twenty-six drill holes intersected graphite concentrations ranging from 4.69% to a highlight of 8.07% Cgf over 28.60 metres. The highest individual assay reported was 15.48% Cgf over 0.50 metres.

The current focus for Lomiko is the commencement of an aggressive exploration campaign, including surface mapping, prospecting, diamond drilling and of course, if positive, completing an initial NI 43-101 compliant resource estimate.

In a recent interview with Streetwise Reports, Siddharth Rajeev of Fundamental Research Corporation commented on Lomiko Metals Inc. Rajeev finds his top investment prospects by zeroing in on a specific material and tracking its growth drivers and believes that critical metals used in viable new technologies will see increasing demand. In this exclusive interview with The Critical Metals Report, he explains how lithium-ion battery development and the forthcoming WTO ruling affect his outlook for graphite and niobium.

“Lomiko Metals Inc. is an early-stage project. It just acquired a project in Quebec. Some historic work has been done on the property. As for near-term catalysts, it is working on an NI 43-101 technical report, and it is going to commence an exploration program on the property. . .our last report on Lomiko’s graphite came out a few months ago. The stock had doubled since the initial report. It’s dropped since then. As long as the graphite market stays in its current space, where I expect it to stay for a while, and if Lomiko’s exploration program produces positive results, that should reflect in the stock price.”

The management team at Lomiko brings a wealth of skill and knowledge to each of its projects. CEO Paul Gill has extensive experience in resource exploration, having previously served as Officer, Director and Vice President of Business Development of Norsemont Mining from 2003 to 2006, CEO of Grenville Gold Corp. and President and CEO of Epic Mining, located in Peru. In the case of Norsemont Mining, in the short time he was with the company Mr. Gill helped it grow from a worth of $1 million to $50 million. Also on the team is Jacqueline Michael, CFO; Mark Nesbitt LLB P.Geo, Director; and Julius Galik, Director.

First Graphite Corp.
Targeting strategic metal deposits in Canada is Vancouver-based First Graphite (TSX-V: FGR). As of April 2 First Graphite’s market cap sits at $10 million with a share price of $0.58.

First Graphite owns a rare earth metals property in the Northwest Territories at Blachford and the Mont Pellier graphite property in the Grenville Province in western Quebec, which it acquired in February. The project sits approximately 172 km northwest of Montreal, is close in proximity to the Timcal Canada graphite mine and is road accessible.

Geologically, the Grenville Province can be divided into the Central Gneiss Belt (CGB) and the Central Metasedimentry Belt (CMB), with the Montpellier property residing in the CMB. Graphite grades in the CMB typically vary between less-than 1% to 20% Cg. Grab samples at Montpellier revealed grades of 0.82% – 14.4% Cg.

In March, management signed an option on the Mt Heimdahl graphite project, once again capitalizing on the “close-ology” of one of Canada’s few producing graphite projects, in this case, Eagle Graphite’s Black Crystal mine. The Mt. Heimdahl Property, totaling approximately 1045 hectares is located in the Valhalla Ranges, in high-grade metamorphic rocks of the Valhalla Complex, within the Omineca Crystalline Belt. Infrastructure is well developed in the Mt. Heimdahl Property area, as the property is approximately 35 kms south west of Nelson BC.

First Graphite management has been clear that they are aggressively evaluating further acquisitions and intend to commence exploration early in Q2 of this year. First Graphite’s management blends experience in accounting, capital markets, public company administration, consultancy for junior mining companies, and mineral exploration. At the helm is President Andrew Mugridge, President of Progressive IR Consultants Corporation since 2007, former CEO of Venture Media Group Inc. and Officer and Advisor to numerous publicly traded companies. His team members are Peter Posnikoff, CFO and Corporate Secretary; Benjamin Curry, Director; Brian Morrison, Director; Kyle Stevenson, Director; and Martin Bajic, Director.

Flinders Resources Flinders Resources (TSX-V: FDR) is another Vancouver-based company, though their Kringel graphite mine, of which they hold 100% interest, is located in Sweden. They hold four mining licenses: Kringel, containing 11.3% Cg; Gropabo, 6.9% Cg; Mattsmyra, 8.8% Cg; and Mansberg, 9.4% Cg. Flinder’s market cap is $90 million and shares can be purchased for $3.02 as of April 2.

Flinders has the unique advantage of having acquired a previously producing mine with an infrastructure of roads, power, water, tailings dam, dumps and pit already in place, as well as a fully permitted beneficiation plant rated to 13,000 tonnes per year of graphite production, which could easily be expanded. It is located in central Sweden where the climate is mild, in a first class mining jurisdiction and is 15 km from rail and 75 km from the harbour.

Kringel has a solid history dating back to 1993 when Kringel Graphite formed to develop the deposits. By 1995 development of its mining and beneficiation operation, as well commercial production of flake graphite products was well underway. Adverse market conditions in 2001 caused production to halt, and the site lay dormant until the acquisition of Kringelgruvan AB in 2012 by Flinders Resources Ltd.

While in production, Kringel produced high-value, high-quality, large flake graphite. Historic resources at the mine achieved 8.8% Cg, and production yielded a purity of 85% – 94%. Current improvements to graphite production will allow for an end purity of greater than 94%.

Estimated resource at the site is 6.9 million tonnes containing 8.8% graphite in four separate deposits. At full capacity Kringel could potentially supply up to 15% of Europe’s flake graphite requirements. This is great news for Flinders because Europe depends on imported graphite for 95% of its needs, most currently imported from China.

This year will see Flinders reprocessing and selling its stockpiled graphite, while later in the year and into 2013 drilling, the development of a mine plan, a mill refurbishment, environmental improvements, production optimization and expansion evaluation are slated to occur. Already underway are an environmental study, resource drilling and an upgrade of resources to NI 43-101 compliancy.

Martin McFarlane B.Eng (Chem) B.Bus (Mktg) heads up this ambitious company as President and CEO. He brings twenty-five years of resource industry experience, having been President of Minerals and Metals Group, General Manager of Investor and Community Relations for Zinifex Ltd. and having held various positions in sales and marketing and zinc smelter operations at CRA and Pasminco Ltd. He is backed by Michael Robert Hudson B.Sc. (Hons) GDipAppFin FAusIMM MSEG MAIG, Director; Nick DeMare CA, Director; Mark Saxon B.Sc. (Hons) GDipAppFin MAusIMM MAIG, Director; and Robert Atkinson, Director.

Zimtu Capital Corp. Giving a helping hand to ambitious young juniors finding their footing is Zimtu Capital Corp. (TSX-V: ZC) (FSE: ZCT1). Zimtu achieves this by offering new resource companies early-stage risk capital and management, as well as finance and marketing guidance. For investors, this means access to pre-IPO companies not normally accessible to them. In addition to helping companies to solidify their foundations, Zimtu locates and acquires new mineral properties to match up with public resource companies then establishes strategic partners, capitalizes the company and helps execute the business plan. To date, Zimtu has received more than 7 million shares as compensation for selling seven graphite projects to up and coming public companies. As of April 2 shares for Zimtu cost $1.40 and their market cap is $13.28 million.

Some of the project transactions that Zimtu has played a role in have been the Deep Bay East and Simon Lake properties for Strike Graphite Corp., the Griffith and Brougham properties in southern Ontario for Big North Capital Inc., as well as properties for Lomiko Metals, Standard Graphite, and a portfolio of graphite projects in Australia for Pinestar Gold Inc. The graphite space is proving to be fertile ground for Zimtu, and in Zimtu’s most recent newsletter, Ryan Fletcher, one of Zimtu’s Directors, says he thinks the best deposits have yet to be found.

Management for this skilled group is led by David Hodge, President and Director. He has twenty years experience as a resource executive, has been President of Commerce Resources Corp. since 2001 and is Director of Western Potash Corp. He is joined by Sven Olsson, Director; Patrick Power, Director; Ryan Fletcher, Director, and Sean Charland, Director.

It’s clear that some great value can potentially be found in a number of junior exploration companies residing in our own back yard. Canada will play a major role in moving the graphite supply out of the red zone, but don’t wait until that happens before you invest or you may miss out on a golden opportunity.

Follow the exciting emerging graphite story at http://www.resourcexinvestor.com

Lomiko Metals Jumps Ahead in Graphite Market *Site Sponsor

Posted by AGORACOM-JC at 12:45 PM on Monday, April 2nd, 2012

April 2,2012 (Financial Press) –Lomiko Metals Inc. (TSX Venture:LMR) is a graphite exploration company focused on exploring for high purity, large crystallite graphite on its Quatre Milles project.

Over the last few weeks the company has been making steady strides forward in the development of its high-potential graphite project. Those steps include completing a financing deal, hiring a geological consulting firm, making a new and experienced addition to its board of advisors, and completing a 43-101 Technical Report on its graphite project (full report available at this link)

Each move adds significantly to the unfolding Lomiko storyline. For example, the 43-101 report has been submitted to and accepted by regulators. The report details many key aspects of the historical exploration work on the property.

The report was prepared by geologist Jean-Sébastien Lavallée of Consul-Teck Mineral Exploration Consultants and includes the following highlights:

Graphicor (the past owner of the Quatre Milles property) completed reconnaissance mapping and prospecting as well as ground geophysics and a 26 hole diamond drill program totaling 1,625 metres

Three surface samples were collected and analyzed returning results of 14.16% Cgf, 18.06% Cgf and 20.35% Cgf.

23 of the initial 26 drill holes intersected graphite concentrations with graphite concentration in range of 4.69% in hole Q90-1 to a highlight of 8.07% Cgf over 28.60 metres in hole Q90-7.

The report also defines the proximity of Lomiko’s graphite project to the operational Timcal graphite mine:

The past exploration results from the project, its proximity to other known and economic graphite deposits, and Lomiko’s development plans have attracted a lot of investment capital as well.

On February 3, 2012, the company announced a financing deal to raise an estimated $700,000 of capital to fund advanced exploration work on the project.
Just over a month later Lomiko announced it had completed the financing deal for more than $900,000. That’s more than 28% more than was initially sought and reflects the investment demand for Lomiko and graphite.

Lomiko has also attracted additional management. The company has added Dr. Dietmar Siebholz to its board of advisors.

Siebholz has a Ph.D. in economics and has extensive experience in the graphite market as an investor, analyst, and discovering uses for graphite in advanced technologies.

Furthermore, Siebholz has more than 50 years of public market experience including on the floor of the Dusseldorf (Germany) Stock Exchange and nearly two decades involved in precious metals and commodities investing and markets.

These steps are key to the development of Lomiko’s rapid rise in the graphite market.

Lomiko, as an early mover in the graphite sector, has had its share price more triple since the start of 2012. It currently has a total market cap of under $9 million.

Learn more about Lomiko Metals at www.lomiko.com.

Written By: Andrew Mickey

Legal Disclaimer/Disclosure: A fee has been paid for the production and distribution of this Report. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this article should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. Financial Press makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of the author’s only and are subject to change without notice. Financial Press assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this article and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this article.

Source: http://financialpress.com/2012/04/02/lomiko-metals-jumps-ahead-in-graphite-market/

Lomiko Releases 43-101 Technical Report On The Quatre Milles Graphite Property

Posted by AGORACOM-JC at 10:09 AM on Tuesday, March 27th, 2012

Lomiko Metals Inc. (TSX-V: LMR; OTC: LMRMF; FSE: DH8B, Europe: ISIN: CA54163Q1028, WKN: A0Q9W7) is pleased to announce that its 43-101 compliant report by Consul-Teck Exploration Services regarding the Quatre Milles Flake Graphite Property located in southwestern Quebec has been accepted by the TSX-Venture Exchange and has thus been filed with Sedar (Canadian Securities Administrators).

Lomiko recently optioned the Quatre Milles Graphite Property in Quebec to search for large flake, crystallite graphite which is sought after for use in electric cars, fuel cells, pebble-bed nuclear reactors and to create graphene, a newly discovered, chicken-wire shaped formation of carbon which is one-atom thick and has incredible properties that can make it 200 times stronger than steel, a superconductor at room temperature and heat-resistant. Research scientists world-wide are experimenting with new technology that uses graphene and at least 25 new patents have been filed.

Lomiko’s Quatre Milles Graphite Property

The Quatre Milles Property is road accessible and is located approximately 175 km northwest of Montreal and 17 km due north of the village of Sainte-Veronique, Quebec. The property consists of 28 contiguous claims totaling approximately 1,600 hectares.

The property was originally staked and explored by Graphicor Resources Inc. (“Graphicor”) in the summer of 1989 based on the results of a regional helicopter-borne EM survey. The underlying geology consists of intercalated biotite gneiss, biotite feldspar gneiss, marble, quartzite and calc-silicate lithologies of the Central Metasedimentary Belt of the Grenville Province.

Historical Highlights

-Graphicor completed reconnaissance mapping and prospecting as well as ground geophysics and a 26 hole diamond drill program totaling 1,625 metres.

-The work identified several conductive trends in the central portion of the property and at least three, relatively flat lying graphitic beds.

-Three surface samples were collected and analyzed returning results of 14.16% Cgf, 18.06% Cgf and 20.35% Cgf.

-23 of the initial 26 drill holes intersected graphite concentrations with graphite concentration in range of 4.69% in hole Q90-1 to a highlight of 8.07% Cgf over 28.60 metres in hole Q90-7.

-The highest individual assay was reported in hole Q90-10 reporting 15.48% Cgf over 0.50 metres.

A table of results from the 43-101 indicates:

 ------------------------------------------
 |HOLE NO.|FROM(M)|TO(M)|WIDTH (M)|GRADE  |
 |        |       |     |         |(% CGP)|
 |----------------------------------------|
 |Q90-1   |8.94   |10.46|1.52     |7.33   |
 |----------------------------------------|
 |Q90-2   |28.68  |30.13|1.45     |10.38  |
 |----------------------------------------|
 |Q90-3   |16.23  |17.84|1.61     |4.09   |
 |----------------------------------------|
 |Q90-4   |9.4    |14.1 |4.7      |3.95   |
 |----------------------------------------|
 |Q90-5   |2      |3.90 |1.90     |2.07   |
 |----------------------------------------|
 |Q90-5   |22.13  |23.25|1.12     |10.52  |
 |----------------------------------------|
 |Q90-6   |32.54  |41.19|8.65     |8.07   |
 |----------------------------------------|
 |Q90-6   |43.47  |44.05|0.98     |3.87   |
 |----------------------------------------|
 |Q90-7   |3.94   |32.54|28.60    |8.07   |
 |----------------------------------------|
 |Q90-8   |1.54   |2.16 |0.62     |14.89  |
 |----------------------------------------|
 |Q90-8   |5.23   |8.05 |2.82     |7.45   |
 |----------------------------------------|
 |Q90-9   |2.05   |3.10 |1.05     |8.47   |
 |----------------------------------------|
 |Q90-9   |5.76   |6.8  |1.04     |10.86  |
 |----------------------------------------|
 |Q90-10  |2.14   |5.54 |3.40     |8.02   |
 |----------------------------------------|
 |Q90-10  |7.03   |7.61 |0.58     |10.59  |
 |----------------------------------------|
 |Q90-10  |8.53   |9.03 |0.50     |15.48  |
 |----------------------------------------|
 |Q90-10  |9.27   |11.24|1.97     |12.37  |
 |----------------------------------------|
 |Q90-10  |14.16  |15.46|1.30     |4.26   |
 |----------------------------------------|
 |Q90-11  |26.82  |34.02|7.20     |4.63   |
 |----------------------------------------|
 |Q90-12  |0.94   |8.53 |7.59     |8.60   |
 |----------------------------------------|
 |Q90-12  |38.16  |43.61|5.45     |3.79   |
 |----------------------------------------|
 |Q90-13  |0.69   |10.28|9.59     |4.64   |
 |----------------------------------------|
 |Q90-13  |40.95  |43.14|2.19     |3.82   |
 |----------------------------------------|
 |Q90-14  |5.56   |7.22 |1.66     |8.12   |
 |----------------------------------------|
 |Q90-15  |2.21   |5.59 |3.38     |9.76   |
 |----------------------------------------|
 |Q90-16  |       |     |         |NSV    |
 |----------------------------------------|
 |Q90-17  |15.48  |18.63|3.15     |8.11   |
 |----------------------------------------|
 |Q90-17  |21.43  |23.67|2.24     |13.29  |
 |----------------------------------------|
 |Q90-17  |36.77  |47.97|11.20    |5.88   |
 |----------------------------------------|
 |Q90-17  |57.15  |58.21|1.06     |9.53   |
 |----------------------------------------|
 |Q90-17  |59.54  |69.82|10.28    |5.99   |
 |----------------------------------------|
 |Q90-18  |10.68  |12.90|2.22     |8.12   |
 |----------------------------------------|
 |Q90-19  |47.80  |49.25|1.45     |9.16   |
 |----------------------------------------|
 |Q90-19  |50.42  |58.49|8.07     |5.72   |
 |----------------------------------------|
 |Q90-20  |13.51  |16.98|3.47     |5.81   |
 |----------------------------------------|
 |Q90-21  |2.80   |4.98 |2.18     |5.56   |
 |----------------------------------------|
 |Q90-22  |17.37  |20.04|2.67     |2.58   |
 |----------------------------------------|
 |Q90-23  |       |     |         |NSV    |
 |----------------------------------------|
 |Q90-24  |1.78   |4.14 |2.36     |3.77   |
 |----------------------------------------|
 |Q90-24  |12.32  |13.09|0.77     |4.20   |
 |----------------------------------------|
 |Q90-24  |16.86  |18.66|1.80     |4.96   |
 |----------------------------------------|
 |Q90-25  |19.69  |21.24|1.55     |3.67   |
 |----------------------------------------|
 |Q90-25  |25.27  |26.65|1.38     |9.66   |
 |----------------------------------------|
 |Q90-26  |       |     |         |NSV    |
 ------------------------------------------

The Company cautions that it has not had the chance to verify the quality and accuracy of the historic sampling and drilling results reported in this news release which predate the introduction of NI 43-101 and cautions readers not to rely upon them. The historic figures were generated from sources believed to be reliable, however, they have not been confirmed. Although the sampling and drilling results are relevant, they have not been verified.

Graphite Market

-The price for flake graphite is $ 2000-$3000 per tonne depending on flake size and grade.

-Graphite prices have been increasing in recent months and over the last couple of years prices for large flake, high purity graphite (+80 mesh, 94-97%C) have more than doubled.

-Graphite prices have almost tripled since 2005 due to the ongoing industrialization of China, India and other emerging economies and resultant strong demand from traditional steel and automotive markets.

-Demand for graphite is expected to rise as electric vehicles and lithium battery technology are adopted, nuclear reactors are built in China, and if fuel cells and graphene patents become products.

-China, which produces about 70 per cent of the world’s graphite, is seeing production and export growth leveling, and export taxes and a licensing system have been instituted.

-Europe and the USA have both indicated graphite is of economic importance and has a supply risk (Critical Raw Materials for the EU, July 2010).

Graphite Facts

-Natural graphite comes in several forms: flake, amorphous and lump.

-Southwestern Quebec is host to some of the most favorable geological terrain for graphite exploration in Canada and is known to host graphite resources, including the nearby Lac Des Iles mine operated by Timcal.

-Graphite has many important new applications such as lithium-ion batteries, fuel cells, and nuclear and solar power that have the potential to create significant incremental demand growth.

-There is roughly 20-30 times more graphite by weight needed to produce a lithium-ion battery than there is lithium.

-Of the 1.2 million tonnes of graphite produced annually, approximately 40 per cent is of the most desirable flake type.

-High-growth, high-value graphite applications require large-flake and high-purity graphite which is the prime exploration and development target at the Quatre Milles Property.

Near-Term Strategy

Lomiko plans to mount an aggressive exploration campaign on the Quatre Milles Graphite Property commencing with a complete compilation of historic geologic work followed by surface mapping, prospecting and follow-up diamond drilling.

Jean-Sebastien Lavallee (OGQ #773), geologist, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical content of this release.

For more information, review the website at www.lomiko.com, or contact A. Paul Gill at 604-729-5312 or by email at: [email protected]

On Behalf of the Board

“A. Paul Gill”

Chief Executive Officer

We seek safe harbor. Neither 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 release.