Lomiko Metals Inc. is happy to announce it has accomplished its 100% acquisition of the La Loutre Flake Graphite challenge with a $ 1,125,000 cost to the seller Quebec Valuable Minerals Company. Switch of the property rights have commenced and can be accomplished as quickly as attainable. This press launch options multimedia. View the complete launch right here: 50+ and 80+mesh La Loutre Flake Graphite samples A. Paul Gill, …
Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) (Lomiko or the “Firm”) is happy to announce it has accomplished its 100% acquisition of the La Loutre Flake Graphite project with a $ 1,125,000 cost to the seller Quebec Valuable Minerals Company. Switch of the property rights have commenced and can be accomplished as quickly as attainable.
This press launch options multimedia. View the complete launch right here: https://www.businesswire.com/news/home/20210201005302/en/
50+ and 80+mesh La Loutre Flake Graphite samples (Photograph: Enterprise Wire)
A. Paul Gill, CEO states, “We’re in the beginning of an Electrical Automobile (EV) Revolution that can launch a battery materials bull market . Greater than 100 Lithium-ion mega-factories will produce Li-ion batteries worldwide. Lomiko sees a chance to produce graphite underneath a Canada-US settlement on Crucial Minerals.”
Lomiko seems ahead to assessing Preliminary Financial Evaluation (PEA) proposals to advance the challenge. The event of a method that identifies value-added merchandise is important to determine a long-term, worthwhile enterprise mannequin previous to intensive capital outlay and is essential to the success of the corporate.
Graphite Sector Evaluation
The value for 95% C (purity), 15 micron Spherical Graphite is $2,700-2,800 USD/tonne, far above the value of different types of graphite. A Preliminary Financial Evaluation (PEA) will embody prices and the potential marketplace for this key product. The World Financial institution has recognized spherical graphite demand will enhance by 500% by 2040 on account of Li-ion batteries mega-factories which can be constructed to produce EVs.
Graphite electrodes are one other long-term marketplace for pure flake graphite. Graphite conductors which launch electrical vitality within the type of an electrical arc, are used to warmth and soften the metal scraps in an electrical arc furnace. They’re presently the one merchandise with excessive electrical conductivity and may keep extraordinarily excessive warmth technology on this demanding surroundings. With the rising demand for high quality metal within the aerospace, automotive and electronics industries, graphite electrodes are additionally turning into more and more in style.
On Behalf of the Board,
“A. Paul Gill”
Chief Government Officer
We search protected harbor. Neither TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch
A. Paul Gill