In a junior exploration
market that has been especially challenging, Canadian-based Lomiko Metals has
used its graphene technology investments, and focus on high-grade, near-surface
graphite deposits, to differentiate itself from typical exploration stage operations.
Their technology investments offer an important counterbalance to the
exploration market, providing an opportunity for them to capitalize on the
coming graphene revolution. At the same time, Lomiko continues to explore their
Quebec Quatre Miles graphite property, and they have acquired a 40% interest in
Canada Strategic Minerals’ La Loutre Crystalline Flake Graphite Property in
Quebec, which together positions them to be a low-cost graphite producer. In
addition, the company will also drill deep gold targets at their Vines Lakes
Project in northern British Columbia.
Lomiko recently issued
a news release outlining their accomplishments for the past year, along with
the company’s goals for 2015. The release covered four primary areas:
Technology Accomplishments, Graphite Exploration Accomplishments, Corporate
Highlights, and Company Goals:
Technology
Accomplishments
–
In August, Lomiko
participated in the Graphene 3D Lab IPO. A $ 350,000 investment in the private
3D printing company eventually became the TSX listed Graphene 3D Lab, which
currently has a $44 Million market cap. This transaction provided proof of
concept for Lomiko’s vision to create new technology ventures. It also provided
Lomiko with over 4 Million shares in Graphene 3D Lab, which have traded as high
as $2.50.
–
Lomiko has also
transferred their graphene super capacitor investment into 40% ownership of a
US corporation, Graphene Energy Storage Devices (Graphene ESD), in anticipation
of a similar transaction in 2015.
–
Through Lomiko’s 100%
owned subsidiary, Lomiko Technologies Inc., they have licensed the rights to
manufacture and sell three power converter system designs, and have acquired a
pending supply contract for an existing customer from Megahertz Power Systems
Ltd.
Graphite Exploration
Accomplishments
–
Lomiko has continued to
explore their wholly owned Quatre Miles graphite property in the Province of
Quebec. In July 2014, they announced the discovery of 23 new high priority
magnetic anomalies on this property.
– In
September, 2014, Lomiko announced the acquisition of a 40% interest in Canada
Strategic Minerals’ La Loutre Crystalline Flake Graphite Property in Quebec.
The La Loutre property has since been drilled, and has produced very
encouraging results. Lomiko is particularly encouraged by the high grades and
near surface locations of this graphite discovery.
Corporate Highlights
–
In March, 2014, Lomiko
closed financings for gross proceeds of $5,520,800.
–
Lomiko was approved for
trading on the OTCQX Exchange in the USA in April, 2014, allowing new American
investors to participate in the growth and development of the company.
–
Lomiko announced at
their October Annual General Meeting that a Shareholders’ Rights Plan came into
effect. In the current market, technological innovation can create tremendous
value literally overnight, and the Shareholders’ Rights Plan ensures that
shareholders are treated fairly when such value is created.
–
Lomiko has arranged for
a market-maker to provide liquidity to the market and a better trading
experience for investors.
–
Recently filed
financial information for Q1 2015 indicates that Lomiko has $4.04 Million of
cash and cash equivalents, $7.7 Million in un-realized equity (Graphene 3D Lab
shares), and $1.7 Million in exploration assets.
Company Goals
–
Lomiko Technologies’
goal is to create revenue from its licensing deals and e-commerce site and
launch Lomiko Technologies as a new public company.
–
Graphene 3D Lab is
making significant progress in developing their business plan for revenue and
profitability. Lomiko will continue to meet any graphite needs that arise from
demand created.
–
Graphene ESD will
continue its development of energy storage devices and launch as a new public
company in 2015.
–
Lomiko Metals will
focus on creating a resource estimate and PEA for the La Loutre Graphite
Property located near the Imerys Graphite and Carbon Mine in Quebec.
–
Lomiko will also drill
deep gold targets at the 100%-owned Vines Lakes Project in Cassiar, B.C.
(northern British Columbia), which is adjacent to the historic Table Mountain
Mine.
–
Lomiko will launch an
extensive advertising and brand awareness campaign designed to focus attention
on their new products.
In a difficult market
for junior exploration companies, Lomiko Metals has managed to stand out as an
innovative, agile, and forward-looking company.
For more information,
visit www.Lomiko.com
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