Lomiko Completes 100% La Loutre Purchase and Sets Target s on Spherical Graphite for Anode s Production Strategy
#439 - 7184 120th Street, Surrey, B.C. V3W 0M6
Lomiko Completes 100% La Loutre Purchase and Sets Target s
on Spherical Graphite for Anode s Production Strategy
(Vancouver, British-Columbia) February 1, 2021 - Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF,
FSE: DH8C) (Lomiko or the “Company ”) is pleased to announce it has completed its 100%
acquisition of the La Loutre Flake Graphite project with a $ 1,125,000 payment to the vendor
Quebec Precious Minerals Corporation. Transfer of the property rights have commenced and will
be completed as soon as possible.
A. Paul Gill, CEO states, “ We are at the beginning of an Electric Vehicle (EV) Revolution that will
launch a battery materials bull market . More than 100 Lithium-ion mega-factories will produce
Li-ion batteries worldwide. Lomiko sees a n opportunity to supply graphite under a Canada -US
agreement on Critical Minerals.”
Lomiko looks forward to assessing Preliminary Economic Assessment (PEA) proposals to advance
the project. The development of a strategy that identifies value -added products is necessary to
establish a long-term, profitable business model prior to extensive capital outlay and is crucial to
the success of the company.
Graphite Sector Analysis
The price for 95% C (purity), 15 micron Spherical Graphite is $2,700-2,800 USD/tonne, far above
the price of other forms of graphite. A Preliminary Economic Assessment (PEA) will include costs
and the potential market for this key product. The World Bank has identified spherical graphite
demand will increase by 500% by 2040 due to Li-ion batteries mega-factories which will be built
to supply EVs.
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 can maintain extremely high heat generation in this d emanding 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