Uptick Newswire Hosts Lomiko Metals, Inc. on the Stock Day Podcast to Discuss Future Graphite Demand from Electric Vehicles
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Uptick Newswire Hosts Lomiko Metals, Inc. on the Stock Day Podcast to Discuss
Future Graphite Demand from Electric Vehicles
PHOENIX, March 04, 2019 (GLOBE NEWSWIRE) -- Uptick Newswire Stock Day Podcast
welcomed Lomiko Metals, Inc. (TSX-V: LMR, LMRMF, FS E: DH8C) (ISIN: CA54163Q1028)
(WKN: A0Q9W7) (LEI: 529900GJP51V4HR9MN94), a compan y focused on the exploration and
development of minerals for the new green economy s uch as lithium and graphite. CEO, Paul
Gill, joined Stock Day host Everett Jolly just befo re the Prospectors and Developer’s Conference
in Toronto, Ontario. The annual event features 30, 000 attendees and more than 1,000 mining
companies. Lomiko representatives will be available at booth 2547.
To begin the interview Jolly noted that currently c opper and silver prices are down, and asked Gill
to share the outlook for flake graphite prices. Gil l explained that according to top analysts, there
are few economic deposits of lithium, graphite outs ide of China. However, the Company is
located near a wealthy source of graphite, which pr esents the opportunity to develop a graphite
mine based on the demand and rarity of the mineral.
Gill indicated that the goal of the current drillin g program is to drastically change the La Loutre
Property’s valuation, as they have located graphite that is of a much higher grade than the
graphite they have previously found. They are curre ntly drilling to explore the extent of this source
and expect these findings to increase the economic outlook for the Company.
Jolly then asked about the process of extracting gr aphite from the ground. Gill explained that a
large amount of graphite can be extracted from a ve ry small section of land. This keeps drilling
and processing costs exceptionally low, making for a higher profit margin overall. “We are
targeting costs of less than $500 per a metric tonn e,” stated Gill. One ton of graphite can then be
sold for up to $1,500 per metric tonne. At present , Lomiko is drilling with a target resource of 10
million tonnes grading 10% CGH which would be requi red to be considered one of the top
graphite properties in the world, the value of whic h would dwarf Lomiko current $5 million market
capitalization.
Gill then explained that the Company’s market cap i s fairly low, however he expects a huge raise
in valuation to occur in the near future. He also s hared that the Company is looking to put the
project into production themselves rather than sell it off for production.
To close the interview, Gill shared that value to t he Company is also added by the multiple
technologies owned by the Company. He explained tha t the Company’s recent subsidiary,
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Prometheus Technologies represents significant valu e to the technology aspect of the Company
going forward.
To hear Paul Gill’s entire interview, follow the li nk to the podcast
here: https://upticknewswire.com/featured-interview -ceo-paul-gill-of-lomiko-metals-inc-otcqb-
lmrmf-4/
Investors Hangout is a proud sponsor of “Stock Day, ” and Uptick Newswire encourages listeners
to visit the company’s message board at https://inv estorshangout.com/
About Lomiko Metals, Inc.
Lomiko Metals is focused on the exploration and dev elopment of minerals for the new green
economy such as lithium and graphite. Lomiko also h as a 100% interest in Lomiko Technologies
Inc., an investor in graphene technology and manufa cturer of electronic products.
The Company is a reporting issuer and an exchange i ssuer under the Securities Act of British
Columbia and Alberta and, as such, is required to m ake filings on a continuous basis thereunder.
Such material is available for inspection at www.se dar.com. The Issuer’s common shares are
listed and posted for trading on the TSX-Venture Ex change.
Safe Harbor Statement
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.
Contact Information:
For more information, please contact 604-729-5312
Email: [email protected]
Website: lomiko.com
On behalf of Lomiko Metals Inc,
"A. Paul Gill"
A. Paul Gill, President & CEO