The Lomiko Metals (LMR:TSXV; LMRMF:OTCQB) flagship, high-grade graphite project (La Loutre) was already looking pretty impressive before its most recent press release, with the following attributes”
- Indicated + inferred resource of 10 M Tonnes of 6% Cg at the Graphene-Battery Zone.
- 120 km from Montreal
- 53 km from the only operating graphite mine in North America (5.2M Tonnes of 7.42% Cg)
- Located in the mining + green friendly Province Of Quebec
Despite this, CEO Paul Gill wanted more tonnage and higher grade to really position La Loutre as a serious supply source for the multiple battery factors set for completion throughout North America in the next couple of years. Well, it looks like he may very well have got it.
On July 9, Lomiko announced results from the remaining 16 holes (of 21) from the 2019 program and the headline says it all:
“Multiple 100m + Intercepts and Multiple 10% + Cg Zones At La Loutre. Next Steps: 43-101 Resource and Pre-Economic Assessment”.
The headline and next steps speak for themselves but we sat down with Paul Gill to discuss next steps even further. Specifically, positioning and timing of the Company to become a serious supplier of high-grade graphite to the North American batter market. The conversation was a great one and well worth watching, so grab a cold beverage, cool off from the hot summer heat and watch what Paul has to say.
On May 25 2019, Quebec Premier François Legault said he has looked into the future and it is electric. Specifically, he wants the province to cut its oil consumption by 40% by 2030 and be replaced entirely by clean electricity.
If you didn’t know any better, you would think that CEO, Paul Gill, wrote the speech given by Quebec Premier in which he stated “If we help our neighbours, we help the planet. It’s a win-win for Quebec and for the planet. Let’s become the green battery of North America.†Hey, for all we know, Paul Gill IS the Quebec Premier …. because the speech put Lomiko’s high-grade graphite project (La Loutre), located just 117 km’s North of Montreal, in the direct path of a very green future.
La Loutre has an indicated resource of 18.4 M Tonnes of 3.19% .. and that is just from one zone. That number is expected to rise after the Company releases the remaining 15 holes of a 20 hole drill program which has already seen great success in the first 5 holes. Gill has always stated that his high-grade graphite will be ideal for electric vehicle batteries and wants to be in a position to supply some or all of the several giga factories being built in North America. That was already a great plan, until the Quebec Premier stated:
“Any new trains, tramways and buses financed by the Quebec government will have to be electric by 2030 and, for the most part, built in Quebec”
After more than 10 years of preparing for the electric future and developing La Loutre, it appears the electric future is coming directly to Lomiko.
Watch this interview to see exactly what Paul Gill has to say … and then continue your due diligence here.
Tags: graphene, investments, small cap stocks, stocks, tsx