US Senate Hears Battery Materials Analyst Discuss Supply and Demand Concerns FOR Electric Vehicle Market Which Spawns 70 New Battery Megafactories
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US SENATE HEARS BATTERY MATERIALS ANALYST DISCUSS SUPPLY AND DEMAND CONCERNS FOR
ELECTRIC VEHICLE MARKET WHICH SPAWNS 70 NEW BATTERY MEGAFACTORIES
(Vancouver, B.C) February 8, 2019 Lomiko Metals Inc. (“Lomiko”) (TSX -V: LMR, LMRMF, FSE: DH8C , (ISIN:
CA54163Q1028) (WKN: A0Q9W7) (LEI: 529900GJP51V4HR9MN94) is tracking supply and demand news
regarding the Lithium -ion Battery Industry (video interview ). Simon Moores of Benchmark Mineral
Intelligence raised supply and demand concerns in a submission to the US Senate February 4, 2019 which
echoes the concerns of 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,” Murkowski said.
Mr. Moores addressed specific battery materials including the graphite market and stated, “In 2018, China
was responsible for 56% of the world’s flake graphite supply – the mined feedstock that is used to
manufacturer lithium ion battery anodes. China also accounted for 100% of the world’s uncoated spherical
graphite supply, which is the processed anode material that is used in lithium ion batteries.
Lomiko’s Plan
Lomiko Metals plans to find and develop battery materials in North America for the new green economy to
support new North American battery manufacturers. At present, Lomiko is exploring the La Loutre Flake
Graphite Property in Quebec. The Property consists of contiguous claim blocks totalling approximately
2,867.29 hectares (28,67 km2) situated approximately 53 km east of Imerys Carbon and Graphite, formerly
known as the Timcal Graphite Mine, North America’s only operating graphite mine, and located 117 km
northwest of Montreal.
Lomiko is in the midst of resuming exploration on the property this month to prove a viable mining
opportunity exists.
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