Trump Executive Order ON Critical Metals Aimed at Reducing Chinese Dependence ON Imported Graphite Perfect Timing FOR Lomiko
# 4 3 9 - 7 1 8 4 1 2 0 t h S t r e e t , S u r r e y , B . C . V 3 W 0 M 6
TRUMP EXECUTIVE ORDER ON CRITICAL METALS AIMED AT REDUCING
CHINESE DEPENDENCE ON IMPORTED GRAPHITE PERFECT TIMING FOR
LOMIKO
(Vancouver, Canada October 7, 2020 Lomiko Metals In c. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF, FSE:
DH8C ) is focused on the exploration and development of graphite for the new green economy. Lomiko has
been monitoring actions by government in Canada and the USA that are focused on reducing dependence
on Chinese supply of graphite, lithium and other el ectric vehicle battery materials. Canada and the U SA
have worked closely and confirmed supply agreements between the two countries.
President Donald Trump recently signed an Executive Order entitled Executive Order on Addressing the
Threat to the Domestic Supply Chain from Reliance o n Critical Minerals from Foreign Adversaries, which is
focused on creating North American suppliers of Battery Materials.
Excerpts from Executive Order:
"... the United States is 100 percent reliant on imports for graphite , which is used to make advanced
batteries for cellphones, laptops, and hybrid and electric cars. China produces over 60 percent of the world’s
graphite and almost all of the world’s production o f high-purity graphite needed for rechargeable
batteries."
“(i) the United States develops secure critical min erals supply chains that do not depend on resources or
processing from foreign adversaries;
(ii) the United States establishes, expands, and strengthens commercially viable critical minerals mining and
minerals processing capabilities; and
(iii) the United States develops globally competiti ve, substantial, and resilient domestic commercial supply
chain capabilities for critical minerals mining and processing.”
In September, Congressmen Lance Gooden (R-TX) and Vi cente Gonzalez (D-TX) recently introduced a bill
that seeks to decrease the U.S.’s dependence on Chi na for critical metals. The bill, dubbed the Recla iming
American Rare Earths (RARE) Act, aims to establish tax incentives for domestic production of rare earths.
The Congressmen statement sounds the alarm regardin g critical metals production: “The United States is
more dependent than ever on the importation of the resources that drive our economy, enable us to build
advanced technology, and ensure our national securi ty,” Gooden’s office said in a release. “Thirty-fiv e of
these rare earth minerals are designated by the Department of Interior as ‘critical’, and we source fourteen
of them entirely from foreign suppliers . China is a leading supplier for twenty-two of the t hirty-five. The
RARE Act is specifically designed to change that.”
Earlier this year, Sen. Ted Cruz introduced similar legislation , dubbed the Onshoring Rare Earths Act of 2020,
or ORE Act. Further, on December 18, 2019 Canada a nnounced that it had joined the U.S.-led multilater al
Energy Resource Governance Initiative (ERGI ). ERGI aims to support secure and resilient supply c hains for
critical minerals by identifying options to diversi fy supply chains and facilitate trade and industry
connections.
Canada, and especially Quebec, are perfectly situat ed to supply the U.S. with many of the critical min erals
it is seeking to secure due to an extensive selection of mineral projects . Also, strong political and economic
ties, a stable political, economic and regulatory environment and a robust metals and mining sector. Of the
35 critical metals identified by the U.S., Canada is a sizable supplier of 13 of such minerals including graphite,
lithium and manganese to the U.S. and the second-la rgest supplier of niobium, tungsten and magnesium.
Canada also supplies approximately one quarter of t he U.S. uranium needs.
“Initial indications are that La Loutre Graphite Pr operty is high-quality and high-grade and thus wort hy of
development.” stated A. Paul Gill, CEO. “The only operating graphite mine in North America which is t he
Imerys Graphite & Carbon at Lac-des-Îles, is 30 miles northwest of La Loutre and has operated for 30 years.
It reported proven reserves of 5.2 M Tonnes at a gr ade 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).
Graphite demand is expected to increase exponential ly for the mined natural graphite material, as more is
used in the production of spherical graphite for gr aphite in the anode portion of Electric Vehicle Lith ium-
ion batteries. The near-term goals of the company are as follows:
1) Complete 100% Acquisition of the Property, curre ntly 80% owned by Lomiko Metals.
2) Complete metallurgy and graphite characterization to confirm li-ion anode grade material.
3) Complete a Technical Report to confirm the exten t of the mineralization equals or surpasses the nea rby
Imerys Mine, owned by international mining conglomerate.
A "technical report" means a report prepared and fi led in accordance with this Instrument and Form 43-
101F1 Technical Report, and includes, in summary fo rm, all material scientific and technical information in
respect of the subject property as of the effective date of the technical report;
4) Complete Preliminary Economic Assessment (PEA)
A PEA means a study, other than a pre-feasibility o r feasibility study, that includes an economic anal ysis of
the potential viability of mineral resources.
For more information on Lomiko Metals, Promethieus, review the website at www.lomiko.com , and
www.promethieus.com , contact A. Paul Gill at 604-729-5312 or email: in [email protected].
On Behalf of the Board
“A. Paul Gill”
Director, 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 .