Posted by AGORACOM
at 11:17 AM on Friday, July 19th, 2019
Mr. Jason Gregg has joined the Lomiko Board of Advisors.
Mr. Gregg is a seasoned mining professional with a broad range of experience in leading Human Resources for mining projects in a variety of jurisdictions
Vancouver, B.C., July 19, 2019 (GLOBE NEWSWIRE) — Lomiko Metals Inc. (“Lomikoâ€) (TSX-V: LMR, LMRMF, FSE: DH8C, (ISIN: CA54163Q1028) (WKN: A0Q9W7) (LEI: 529900GJP51V4HR9MN94) is pleased to report that Mr. Jason Gregg has joined the Lomiko Board of Advisors.
“Mr. Gregg is a seasoned
mining professional with a broad range of experience in leading Human
Resources for mining projects in a variety of jurisdictions,†stated Mr.
A. Paul Gill, CEO of Lomiko Metals.
Jason Gregg was most
recently Executive Vice President, Human Resources for Alio Gold. Mr.
Gregg has more than 20 years of experience as a Human Resources
professional. He holds a BBA (1995) and an MBA (2000) from Simon Fraser
University. Before Alio Gold, he was Vice President of HR, Safety and
Environment for Newmarket Gold. Before joining Newmarket, he provided HR
consulting services to various mining organizations as well as other
industries including forestry and technology. Prior to developing his
consulting practice, he worked as a Human Resources executive in the
mining industry with Farallon Mining and Nyrstar. Mr. Gregg has also
held senior level human resource roles with HDI, International Forest
Products, Canadian Forest Products, and Teck.
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 Gillâ€
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
Posted by AGORACOM-JC
at 5:04 PM on Thursday, July 18th, 2019
SPONSOR: Iconic Minerals Ltd.
ICM:TSX-V Bonnie Claire Lithium Property hosts Inferred resource of
11.8 billion pounds of lithium carbonate equivalent and has the
potential to be the largest lithium resource globally. Learn More.
lithium deployment in passenger EVs up 47% y-o-y in May 2019
In May 2019, 47% more lithium carbonate equivalent (LCE) was deployed globally in batteries of passenger EVs than the same month the year prior, according to Adamas Intelligence’s latest subscription-based “EV Battery Lithium Monthly†report.
In total, 47% of LCE deployed globally in passenger EV batteries in May 2019 went into NCM 523 cells (primarily in the form of lithium carbonate), up from 43% the same month the year prior.
This increase in LCE deployment was driven primarily by two factors, Adamas said.
Global sales of passenger HEVs, PHEVs and BEVs collectively increased
by 12% in May 2019 versus May 2018, translating to an increase in
deployment of li-ion batteries.
Sales of high-capacity BEVs, such as the Tesla Model 3, BYD Yuan and
Nissan Leaf PLUS/e+, made up a greater share of total passenger EV sales
this year than they did last year, boosting the sales-weighted-average
battery capacity of all EVs sold by 33% over the same period,
translating to greater use of LCE per vehicle.
In total, 47% of LCE deployed globally in passenger EV batteries in
May 2019 went into NCM 523 cells (primarily in the form of lithium
carbonate), up from 43% the same month the year prior.
Similarly, 14% of LCE deployed globally in passenger EV batteries in
May 2019 went into NCM 622 cells (primarily in the form of lithium
hydroxide), up from 8% in May 2018.
Moreover, 2% of all LCE deployed globally in passenger EV batteries
in May 2019 went into NCM 811 cells (primarily in the form of lithium
hydroxide) versus near-negligible quantities deployed the same month the
year prior.
In total, the collective market share of NCM 622 and NCM 811 cathodes
(by capacity deployed) has doubled since May 2018, indicating
increasingly heavy demand for lithium hydroxide and other precursors
used in these chemistries.
Source: https://www.greencarcongress.com/2019/07/20190717-adamas.html
Posted by AGORACOM
at 1:09 PM on Tuesday, July 16th, 2019
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 “Companyâ€) 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 anodesâ€.
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,â€
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 Gillâ€
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
Posted by AGORACOM-JC
at 12:27 PM on Wednesday, July 10th, 2019
Preparing to mobilize to the Bonnie Claire project and initiate the 2019 exploration plan
Five drill holes averaging 90 meters (300 feet) depth will be drilled in the southern portion of the project area in an area of anomalous surface lithium values and interpreted faults
Vancouver, British Columbia–(July 10, 2019) – Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) (“Company” or “Iconic”)Â is pleased to announce that it is preparing to mobilize to the Bonnie Claire project and initiate the 2019 exploration plan (“Exploration Plan”).
Five drill holes averaging 90 meters (300 feet) depth will be drilled
in the southern portion of the project area in an area of anomalous
surface lithium values and interpreted faults. Down-hole sediment
samples will be collected continuously in 6 meter (20 feet) intervals
and sent to a geochem lab for analysis.
In Addition to the commencement of the Exploration Plan, the Company
would like to announce that it has received the draft report titled: “Bonnie Claire Metallurgical Evaluation and Process Development”,
by St. Georges Eco Mining (‘SX”), who collaborated with an independent
lab, SGS Lakefield Laboratories (“SGS”) where an elemental analysis and
crystalline analysis of Bonnie Claire’s material were performed.
Iconic’s technical team is reviewing the report in conjunction with
independent verification in accordance with 43-101 compliant standards.
The Bonnie Claire Lithium Property Characteristics:
The Property is located within Sarcobatus Valley that is
approximately 30 km (19 miles) long and 20 km (12 miles) wide.
Quartz-rich volcanic tuffs, that contain anomalous amounts of lithium,
occur within and adjacent to the valley. Geochemical analysis of the
local salt flats has yielded lithium values up to 340 ppm. The gravity
low within the valley is 20 km (12 miles) long, and the current
estimates of depth to basement rocks range from 600 to 1,200 meters
(2,000 to 4,000 feet). Four drill holes have identified an open ended,
43-101 compliant resource of 28.58 billion kilograms of lithium
carbonate equivalent. The drilling that defined the current resource
only covered an area of 3.0 km2 (1.2mi2), while previously run MT
geophysics show a potentially mineralized area of 27.3 km2 (10.5mi2).
Drilling to date has shown strong correlation between the MT results and
the lithium mineralization. The thickness of the lithium mineralization
is unknown, but drilling indicates it is greater than 600 meters (2,000
feet). The current claim block covers an area of 57.5 km2 (22.2mi2).
Further drilling has been permitted and metallurgy to determine the most
efficient recovery method is currently in progress.
Richard Kern, Certified Professional Geologist (#11494) and CEO of
Iconic is the Qualified Person who has prepared and reviewed this press
release in accordance with NI 43-101 reporting standards.
On behalf of the Board of Directors
Richard Kern, President and CEO Contact: Keturah Nathe, VP Corporate Development (604) 336-8614
For further information on ICM, please visit our website at iconicmineralsltd.com. The Company’s public documents may be accessed at www.sedar.com
Forward Statement: This news release includes
certain forward-looking statements or information. All statements other
than statements of historical fact included in this release are
forward-looking statements that involve various risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ materially
from those anticipated in such statements. Iconic expressly disclaims
any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise except as otherwise required by applicable securities
legislation.
Neither the 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.
Posted by AGORACOM
at 8:21 AM on Tuesday, July 9th, 2019
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 “Companyâ€) and
Quebec Precious Metals Corporation (TSX.V:CJC, FSE:YXEP, OTC-BB:CJCFF)
(“QPMâ€) 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
“Projectâ€). 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%).
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 135.60m including 16.81%Cg over 44.10m
LL-16-02 – 17.08%Cg over 22.30m and 14.80% Cg over 15.10m
LL-16-03 – 14.56%Cg over 110.80m
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-ÃŽles 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- Teckâ€) 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.
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 Gillâ€
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
Posted by AGORACOM
at 10:45 AM on Wednesday, July 3rd, 2019
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
Posted by AGORACOM-JC
at 2:00 PM on Wednesday, June 5th, 2019
SPONSOR: New Age Metals Inc.
The company’s new Lithium Division has already made significant
acquisitions in Canada and the USA. The company also owns one of North
America’s largest primary platinum group metals deposit in Sudbury,
Canada. Updated NI 43-101 Mineral Resource Estimate 2,867,000 PdEq
Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces
in the Inferred. Learn More.
These Mining Superpowers Supply the World’s Lithium. Now They Want to Make Batteries, Too.
The race by Tesla Inc., Samsung SDI Co. and other technology giants
to secure supplies of lithium — a key ingredient in batteries for
electric vehicles and smartphones — is creating a unique chance for two
global mining superpowers to reap more value from their natural
resources.
Australia and Chile are looking to lithium to help them escape a
cycle that for decades has had the two nations digging out minerals such
as iron ore and copper, only to see them refined and turned into
valuable products abroad.
Almost three-quarters of the world’s lithium raw materials come from
mines in Australia or briny lakes in Chile, giving them leverage with
customers scrambling to tie-up supplies. The mining nations hope to
bring refining and manufacturing plants that could help kickstart
domestic technology industries.
The first moves in that plan are beginning to take shape.
Scraping a shovel into a patch of dirt near the Australian port city
of Bunbury in March, an executive for U.S.-based lithium leader
Albemarle Corp. heralded a A$1bn ($690m) plan to build the world’s
biggest processing plant of its type. Meanwhile, in Mejillones, northern
Chile, South Korea’s Samsung SDI and Posco are planning to jointly
develop a facility to make chemical components used in batteries.
“Chile and Australia have the advantage,†said Daniela Desormeaux,
chief executive officer at Santiago-based consulting firm SignumBOX.
They have the lithium and “at the same time state incentives, so
companies transforming the raw material can set up shop there.”
Mining rock and exporting it is a familiar story for Australia and
Chile. Australia, the world’s biggest producer of iron ore, has shipped
billions of tons of the steelmaking raw material to mills in Japan and
China since the 1960s. Chile, the world’s largest source of copper,
exports over half of its shipments as semi-refined concentrate.
“It’s an interesting economic model,†Peter Klinken, chief scientist
of Western Australia and an adviser to the state’s government, told a
February conference in Perth. “Take a big rock, make a little rock, put
it on a ship, and then buy something really expensive back in return.â€
The supply of lithium-ion batteries will need to jump more than
10-fold by 2030, BloombergNEF forecasts, with electric vehicles to
account for more than 70 percent of that demand. That’s prompting end
users to act, and Volkswagen AG and Volvo Cars have both struck
long-term supply deals since April.
Where’s the Value?
The first step on the lithium value ladder is refining the raw
material, something that’s currently done mostly in China. Ore from
mines or lithium-rich saline solution from underground lakes in South
America is concentrated into a silvery-gray powder that is sent to be
purified and refined into lithium hydroxide and lithium carbonate. Those
chemicals in turn are processed with materials such as nickel or cobalt
to produce battery electrodes, or with solvents to make electrolytes,
the key parts of the cells that are assembled into batteries.
Each step up the ladder affords more opportunity for profit. By 2025,
the market for mined lithium raw material may be worth $20bn, compared
with $43bn for refined products and $424bn for battery cells, according
to a base case scenario outlined in a 2018 study published by the
Australia-based Association of Mining and Exploration Companies.
Two major lithium miners operating in Chile, Sociedad Quimica &
Minera de Chile SA, or SQM, and Albemarle were only allowed to expand
production on condition that they sell a quarter of their output at the
lowest market price to companies that will develop the materials within
the country. SQM, which already carries out some processing in Chile, is
expanding its domestic capacity.
The strategy is “a golden key†to build a higher-value lithium
industry in Chile, said Sebastian Sichel, executive vice president of
government development agency Corfo, which owns the lithium concessions
in the Atacama desert and issues licenses to miners.
Three separate groups — Chile’s Molibdenos y Metales SA, or Molymet,
China’s Sichuan Fulin Industrial Group Co., and a consortium of Samsung
SDI and Posco — last year pledged to invest a total of about $754m to
build lithium-cathode and lithium-cell factories in Chile to win access
to Albemarle’s material. A second auction in April offered similar
access to SQM’s product, with winners expected to be announced early
next year.
New refining and chemical production capacity will offer Chile
additional revenue, while earnings from lithium exports are also
forecast to rise. The commodity has the potential to become one of the
country’s largest exports after copper, salmon and wine, Sichel said.
Australia could generate more than A$50bn ($35bn) in annual revenue
and support about 100,000 jobs by developing a battery materials sector,
according to a 2018 study for a regional development agency. That
compares with about A$1bn currently in annual lithium exports.
Australia’s government in April pledged A$25m to support a five-year
research program to expand its battery supply chain.
China’s Tianqi Lithium Corp. will later this year begin selling
lithium hydroxide from a new processing facility in Kwinana, south of
Perth. Tesla, battery maker LG Chem Ltd. and Mitsui & Co. have
agreed to supply deals for output from a rival plant nearby that’s being
built by Chile’s SQM and an Australian partner.
Efforts by Australia and Chile to wrest more control over refining
from China are being helped by trade tensions. “They could definitely
challenge China†in the next-step processing of lithium, said James
Jeary, an analyst at CRU Group in London. Lithium producers will
increasingly integrate mining and refining capacity, he said.
“We are hearing more and more that diversity of supply is critical,â€
said Phil Thick, Tianqi’s general manager in Australia. The producer’s
Kwinana plant will mainly supply customers in North America and Europe,
or carmakers in those regions via their suppliers in South Korea and
Japan, he said.
China’s in Charge
The producers plan to do more than just first-stage refining. Western
Australia has developed a “Lithium Valley†strategy to span the supply
chain. Chile also hopes to manufacture battery cells.
But there are major hurdles. Neither country has a major car
industry, and the auto sector typically prefers component suppliers to
be close to manufacturing hubs. The technical challenge of producing
battery components may require imported expertise. Costs and
environmental concerns are also factors.
A dispute between Corfo and Albemarle has already delayed progress
for Molymet, the Samsung SDI and Posco consortium, and Sichuan Fulin in
Chile, prompting concern the groups could opt to invest in battery
projects elsewhere. In Australia, lithium producer Neometals Ltd. has
delayed a plan to build a refinery, citing higher-than-expected costs.
There may only be a brief window for Chile or Australia to get a
foothold in the battery industry as rival mining nations join the fray.
Argentina and Bolivia have saline deposits near the border with
Chile. Countries from Serbia to Mali are keen to extract deposits in
their territory, and Russia, which has been producing lithium products
for more than 60 years for its nuclear industry, is already trying to
attract higher-value investment by setting up one of the world’s largest
lithium-ion battery plants in Novosibirsk with Chinese partner Thunder
Sky Group.
Persuading battery makers to set up operations in Australia or Chile
will require state incentives, said Vivas Kumar, a principal consultant
at industry adviser Benchmark Mineral Intelligence and previously a
member of Tesla’s battery supply chain team.
Lowering the cost of battery cells “continues to be the most
important focus area across all major companies,†Kumar said. Automakers
“are increasingly becoming involved with their cell manufacturing
partners’ supply chains in recognition of this.â€
Sichel at Corfo believes lithium offers Chile a chance to escape the
so-called resources curse, where mineral booms suck in investment at the
expense of manufacturing.
If we don’t do this, “there is a gigantic risk that our growth keeps
depending on the next hot commodity,†he said. “We remain stuck, unable
to make the jump to developed-nation status.â€
Posted by AGORACOM
at 10:03 AM on Tuesday, May 14th, 2019
Entered into a definitive off take agreement for graphite concentrate to be produced from its Aukam Graphite mine
Appointed Phu Sumika (“PSK“) as its exclusive marketing agent, in continental Europe, for the sale of graphite concentrate to the refractory, lubricant and battery markets.
PSK will purchase up to 7,500 Dry Metric Tonnes annually, for a period of five years from the date commercial production commences at Aukam
TORONTO, May 14, 2019 /PRNewswire/ – Gratomic Inc. (“Gratomic” or the “Company”) (TSX-V: GRAT) (CB81–FRANKFURT) a vertically integrated graphite to graphenes, advanced materials development company announces the entering into of a definitive off take agreement for graphite concentrate to be produced from its Aukam Graphite mine (“Aukam“) in Namibia (“Offtake Agreement“).
As part of the Graphite Concentrate sales Agreement (Sales Agreement), Gratomic has appointed Phu Sumika (“PSK“) as its exclusive marketing agent, in continental Europe, for the sale of graphite concentrate to the refractory, lubricant and battery Markets.
Pursuant to the Sales Agreement, PSK will purchase up to 7,500 Dry
Metric Tonnes annually, for a period of five years from the date
commercial production commences at Aukam. The contract contemplates the
sales of graphitic product ranging from 80% Carbon to 99.9% Carbon at prices ranging between US$500-US$2800 per Metric Tonne (depending on grade, moisture content and industry use).
Gratomic is satisfied with the high value range of product pricing for the selected markets.
Gratomic has delivered PSK with samples grading 92%, 97%, 99% and
99.9% over the past 3 months for testing in a verity of end uses. The
results now positively match buyer specifications and will qualify the
sales agreement for deliveries going forward.
Aukam Production Update
Gratomic has recently consulted with a processing expert in Toronto
and has been able to produce several batches of Battery Grade Graphite
grading over 99.9% the Company is currently compiling a budget to
integrate the suggestive plant adjustment onto its processing circuit
within the next 3 months. This will allow the company to commence with
the production and sale of battery grade Graphite targeted towards the
rapidly growing battery industry mainly being dominated by the increase
of demand for electric vehicles worldwide.
In addition Gratomic expects the delivery of the final components of
its Aukam processing plant within the next 49 days, this will complete
the construction of the first phase of our Processing facility and bring
it up to a 3 metric tonne per hour Processing Capacity.
The company continues its focus on further developing and
commercializing its Graphene Processing capacity in wales through its
partnership with Perpetuus carbon technologies and anticipates soft
launching its Gratomic fuel efficient tire in the summer. Gratomic has
recently prepared an additional 2 tonnes of Graphite concentrate which
it will be shipping to wales in the coming days for converting into high
quality Graphenes targeted for the use and development of several high
value Graphene applications.
Gratomic’s CO-CEO Arno Brand stated, “The
entering into of the sales agreement and exclusive marketing agreement
with Phu Sumika is the culmination of several years of work, Gratomic is
now well positioned and ready to monetize its operations through
graphite sales. We thank our loyal shareholders for their support
throughout the years and their contributions in helping us in
commercialize the Aukam Mine”
About Phu Sumika
Phu Sumika was established in 2003 to provide raw chemical
materials for leading companies in the abrasive, refractory and
battery industries across Europe. They offer a wide scale of commodities
from around the World. A professional organization with significant
experience and a vast sales network allows them to provide the highest
quality with competitive pricing.
About Gratomic Inc.
Gratomic is an advanced materials company focused on mine to
market commercialization of graphite products most notably high value
graphene based components for a range of mass market products. We are
collaborating with a leading European manufacturer of graphenes to use
Aukam graphite to manufacture graphene products for commercialization on
an industrial scale. The company is listed on the TSX Venture Exchange
under the symbol GRAT.
“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.”