Lomiko Metals (LMR: TSXV) has discovered high-grade graphite at its La Loutre property in Quebec and is working toward a Pre-Economic Assessment to increase the current resource to 10m/t of 10% Cg (graphite) in order to supply the future demand needs of a burgeoning metals battery market.
LOMIKO METALS Paul A. Gill:
“Initial indications are that La Loutre Graphite Property is high-quality and high-grade and thus worthy of development.” stated A. Paul Gill, CEO. “The only operating graphite mine in North America which is the Imerys Graphite & Carbon at Lac-des-Îles, is 30 miles northwest of La Loutre and has operated for 30 years.
Lomiko is in an ideal position to participate in the Electrical Vehicle market with the potential to become a North American supplier of graphite materials for the emerging battery EV battery market. Here is why:
- Battery metals (including graphite) boom despite widespread Covid-19 disruption.
- WoodMac – Graphite…..forecasts that the battery sector would make up more than 35% of demand by 2030, with demand growing by 1.6 million tonnes by that date.
- Simon Moores – “There is no doubt now that regardless of how well Tesla’s vehicles continue to sell, raw material availability will be the primary slowing factor on the company scaling.”
- Wood Mackenzie highlight the demand impact battery production will have on the raw materials required. ” When it comes to graphite, the report forecasts that the battery sector would make up more than 35% of demand by 2030, with demand growing by 1.6 million tonnes by that date.
2 Reasons Why Battery Demand is Key to Lomiko’s Growth
- 2019 to 2030 demand increase forecast for EV metals as the EV boom takes off – ‘Battery’ graphite demand forecast to grow 10x.
Source: Courtesy BloombergNEF
- The impact of the proposed megafactories on raw material demand (graphite in red)
- Lithium demand expected to be 1.48m tonnes in 2028 vs 82,000 in 2018
- Graphite demand expected to be 2.23m tonnes in 2028 vs. 170,000 in 2018
Source: Benchmark Mineral Intelligence
SOURCE: https://seekingalpha.com/article/4376757-graphite-miners-news-for-month-of-september-2020
FULL DISCLOSURE: LOMIKO Metals is an advertising client of AGORA Internet Relations Corp.
Tags: #Battery, #Carbon, #Demand, #Electric, #Evolution, #graphite, #Green, #High-Grade