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Lomiko Metals Inc.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  439 – 7184 120th Street
Surrey, B.C.
Canada V3W 0M6
Tel No.: 604-729-5312
Fax No.: 604-583-1932
Web Site: www.lomiko.com
E-mail: info@lomiko.com
Contact Person: A. Paul Gill
Position: President & CEO


Company Data

Traded Market: TSX-V & OTCQB
Traded Symbol: LMR & LMRMF
Outstanding Shares: 75,000,000
52 Week High: $ 0.10
52 Week Low: $ 0.04
Present Price: Click Here


Introduction

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Lomiko Metals Inc. is focused on the exploration and development of minerals for the new green economy such as lithium and graphite. The Company's wholly owned subsidiary Lomiko Technologies Inc. is an investor in technology and manufacturer of electronic products.

Lomiko Technologies Inc. is a 40% holder of Graphene ESD Corp., a 18.5% holder of SHD Smart Home Devices which produces three electronic products and a 20% holder of Promethieus Technologies Inc.

Lomiko discovered high-grade graphite at its La Loutre Property in Quebec and is working toward a Pre-Economic Assessment that will increase its current indicated resource of 4.1 million tonnes of 6.5% Cg to over 10 million tonnes of 10%+ Cg. Lomiko moves toward becoming a supplier of battery materials for electric vehicles in the new green economy.

Graphite

Electric vehicles (EV) will be 50 per cent of the cars on the road by 2040, predicts Bloomberg New Energy Finance. The current EV technology depends on the lithium-ion battery. Graphite is a critical component of lithium ion batteries and cannot be economically substituted. Typically, a lithium-ion battery requires up to 15 times more graphite than lithium depending on which cathode is used. Global demand for flake graphite will outstrip supply by 2020. 71 lithium-ion megafactories planned worldwide.

Canada has a good reputation as a country that is able to supplant Chinese supply of graphite and provide secure supplies. Quebec is especially important due to the proximity to Eastern American industrial centres and Quebec's long-term and stable approach to the mining industry.


Projects in Hand

La Loutre Flake Graphite Project, Quebec

The La Loutre Property consists of contiguous claim blocks totalling approximately 28.67 square kilometres (2,867.29 hectares) situated approximately 53 kilometres east of Imerys' Carbon and Graphite operation, formerly known as the Timcal Graphite Mine, North America's only operating graphite mine, and located 117 kilometres northwest of Montreal. The Property has excellent infrastructure. In 2018, Lomiko signed a deal to increase the ownership of the La Loutre Property to 100 per cent.

  • 28.67 sq. km (2,867.29 Ha) Property
  • Road to the Property built
  • 192 km Highway to Port of Montreal
  • 53 km to the Imerys Mine, which has a 20-year life and 5.2 million tonnes open pit at 7.42% Cg
  • Near Surface Mineralization
  • Open Pit, Large Scale Target
  • 80% owned, 100% earn-in started
  • Only 2 of 12 identified anomalies at La Loutre have been drilled to date
  • Top line resource of 4.1 Mt of 6.5% Cg is very similar to producer Imerys
  • New high grade 10%+ Cg zone has better economics
    2017 drill highlights:
    • Hole LL-16-01: 7.74% Cg over 135.60 m, including 16.81% Cg over 44.1 metres
    • Hole LL-16-02: 17.08% Cg over 22.3 metres and 14.8% Cg over 15.1 metres
    • Hole LL-16-03: 14.56% Cg over 110.8 metres

Refractory Zone

On March 21, 2019, Lomiko Metals and Quebec Precious Metals Corporation announced the completion of a 21-hole diamond drilling program on the high grade Refractory Zone of the La Loutre graphite property, and reported wide intercepts of graphite in multiple drill holes.

The focus of the drilling program was to expand the size of the Refractory Zone to assist in the definition of a low-footprint, open-pit mining scenario.

"Our exploration team reports graphitic zones in multiple drill holes," commented A. Paul Gill, chief executive officer of Lomiko Metals. "It is very encouraging to visually observe intercepts of graphitic material. We look forward to receiving assays in three weeks and then advancing the high-grade Refractory zone to resource estimation stage."

The area of mineralization appears to be 200 metres wide and now has a current strike length of approximately 900 metres in the west-southwest to east-northeast direction and is open in both directions.

Mineral Resource Estimates

On March 24, 2016, a NI 43-101 technical report was filed for the property. The report presented a mineral resource estimate of 18.4 million tonnes of 3.19% carbon flake graphite in the Indicated category and 16.7 million tonnes of 3.75% Cg in the Inferred category with a cut-off of 1.5%. And 4.1 million tonnes of 6.5% Cg indicated and 6.2 million tonnes of 6.1% Cg Inferred with a cut-off of 3%.

The mineral resource is calculated on the Graphene-Battery Zone only and does not include high-grade intercepts from holes LL-16-01, LL-16-02 and LL-16-03, and the 28.5 metres of 16.53% Cg and 21.5 metres of 11.53% Cg reported on Jan. 6, 2016, and 9% over 90.75 metres reported on Sept. 24, 2015, from the Refractory zone.

Lomiko's La Loutre project proceeds from exploration to updated resource and pre-economic assessment.


Management

Management and Directors

A. Paul Gill, President and Chief Executive Officer

Mr. Gill is the President of AJS Management Inc. From November 2003 to October 2006, Mr. Gill was heavily involved in the dynamic growth stage of Norsemont Mining as an Officer, and Director, V.P. Business Development, while the company grew from a market capitalization of $1 million to $50 million with a final buyout of $512 M. Mr. Gill is also a Director of Graphene 3D Lab, CEO of Lomiko Technologies and an Advisor to Altair Resources.

Jacqueline Michael, Chief Financial Officer

Ms. Michael has over 20 years of financial and administration experience. Ms. Michael co-founded The Conac Group where she acted as President and CEO. Ms. Michael has acted as the President and Chief Executive Officer for public companies for over 10 years.

Julius Galik, Director

A business man and a financial advisor with PFSL, Mr. Galik has been involved in start-up situations within the mining exploration industry in Western Canada since 2002, and during the past 8 years has been instrumental in the development and financing of various small capitalized companies, both private and public.

David Luck, Director

Mr. Luck has served eleven years as a director, Chief Financial Officer and Operations Manager for Northern Canadian Supplies Ltd. Mr. Luck has also been a senior site administrator in the public sector during the past twenty years.

Gabriel Erdelyi, Director

Mr. Erdelyi studied Mechanical Engineering Technician Studies at George Brown College in 1994. He then entered the family business as a tool and die apprentice. He eventually took over the family business and expanded from 3 people to over 20. In 2006 he was awarded the designation as one of the fastest growing companies in Canada from Canadian Business Magazine.

Mr. Erdelyi created Dieroll Metals Products Inc. based in Mississauga, Ontario in 2003. Dieroll Metal Products Inc. is an industry leader in Roll Forming Production and Stamping Tooling for the metal processing industry.


News Update

On August 28, 2019, Lomiko Metals Inc. announced that Lomiko Metals Inc.’s President and CEO, Paul Gill, joined the Stock Day Podcast to discuss major developments in Lomiko Metals’ current project.

The link of the interview:
https://audioboom.com/posts/7353593-lomiko-metals-inc-joins-the-stock-day-podcast-to-discuss-major-developments-in-their-current-pro

On August 26, 2019, Lomiko Metals Inc. announced that it has hired NextCap Investor Relations LLC to lead a comprehensive, strategic investor relations and communications program in the United States and in other key regions.

On August 20, 2019, Lomiko Metals Inc. announced that it has arranged a brokered private placement of a combination of units and flow-through shares for gross proceeds of up to $2.75-million. Up to 20 million common share units of the Company will be offered at a price of five cents per unit to raise gross proceeds of up to $1-million. Each unit will consist of one common share and one-half of one common share purchase warrant. Each full warrant shall entitle the holder to acquire one common share of the issuer at a price of seven cents per share for a period of 24 months following the closing of the offering. Up to 35 million flow-through shares will be offered at a price of five cents per flow-through share for gross proceeds of up to $1.75-million.

The gross proceeds from the issuance of the flow-through shares will be used for Canadian exploration expenses and will qualify as flow-through mining expenditures.

On August 13, 2019, Lomiko Metals Inc. announced that it has identified spherical graphite production as a key waypoint in plans to supply graphite anodes for electric vehicles lithium-ion battery megafactories in the North American market discussed in a July 16, 2019, release.

On July 31, 2019, Lomiko Metals Inc. announced that it has entered into an agreement to sell its 100-per-cent interest in Lomiko Technologies Inc. to Promethieus Technologies Ltd. (Canada) for $1,236,625.

On July 19, 2019, Lomiko Metals Inc. announced that it has appointed Jason Gregg to the Company's board of advisers. Mr. Gregg was most recently the executive vice-president, human resources, at Alio Gold. Mr. Gregg has more than 20 years of experience as a human resources professional. He holds a BBA and an MBA.

On July 16, 2019, Lomiko Metals Inc. announced that it 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.

A. Paul Gill, chief executive officer, stated: "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 anodes."

On July 9, 2019, Lomiko Metals Inc. and Quebec Precious Metals Corp. have provided the results from the remaining 16 exploration diamond drill holes received from the 2019 program at the Refractory zone of the La Loutre graphite project. A total of 21 holes were completed on the Refractory zone for a total of 2,985 metres. Drill hole LL-19-19 returns 111 m @ 4.93% Gp.

On June 28, 2019, Lomiko Metals Inc. announced that Gabriel Erdelyi has joined Lomiko Metals Inc.'s board of directors.

Mr. Erdelyi studied Mechanical Engineering Technician Studies at George Brown College in 1994. He then entered the family business as a tool and die apprentice. He eventually took over the family business and expanded from 3 people to over 20. In 2006 he was awarded the designation as one of the fastest growing companies in Canada from Canadian Business Magazine.

Mr. Erdelyi created Dieroll Metals Products Inc. based in Mississauga, Ontario in 2003. Dieroll Metal Products Inc. is an industry leader in Roll Forming Production and Stamping Tooling for the metal processing industry.

On May 14, 2019, Lomiko Metals Inc. reported that the company has added Sandio Pereira, the former processing manager for the world's biggest graphite mine, the Balama project owned by Syrah Resources of Australia, to the Lomiko board of advisers as Lomiko moves toward establishing a pre-economic assessment.

On May 06, 2019, Lomiko Metals Inc. and Quebec Precious Metals Corporation announced the results from four (4) new exploration diamond drill hole received from the 2019 program at the Refractory Zone at the La Loutre graphite project. Highlight: intercept of 116.9m of 4.80% including 15.2m of 18.04% and 47.3m of 7.56% including 11.3m of 17.45% flake graphite on its non-core high grade La Loutre asset.

On April 23, 2019, Lomiko Metals Inc. and Quebec Precious Metals Corp. have released the results from the first exploration diamond drill hole received from the 2019 program at the Refractory zone of the La Loutre graphite project. A total of 21 holes were completed at the Refractory zone for a total of 2,800 metres. The results from remaining 20 holes will be reported as they are received and compiled. Lomiko currently owns 80 per cent of the project. Highlight: intercept of 87.9m of 7.14% including 21.0m of 15.48% flake graphite from La Loutre.

On April 10, 2019, Lomiko Metals Inc. reported that Mr. Christoph Bruening has been appointed to the Lomiko Board of Advisors.

On April 1, 2019, Lomiko Metals Inc. announced that it has appointed Dean Nawata to the Lomiko board of advisors.

Mr. Nawata has extensive experience in the resource industry and is able to provide strategic advice as Lomiko's La Loutre project proceeds from exploration to updated resource and pre-economic assessment.

Mr. Nawata is part of the team at 49 North Resources Inc. He has over 20 years of public market experience. Mr. Nawata is also currently a co-founder of Real Content Social Media and vice-president at InvestmentPitch Media, both private companies.


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