Does Trump Trade War with China Concern Chinese Flake Graphite Suppliers & Lithium-Ion Battery Makers?
September 13 2018 - 2:39PM
Business Wire
Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF,
FSE: DH8C) CEO A. Paul Gill has raised questions on whether recent
activity by graphite suppliers and lithium-ion battery makers
indicate concerns regarding increasing trade tensions between the
United States and China. Lomiko will being it’s Fall campaign meet
with investors, fund managers and investment advisors at the Raise
Conference http://raiseconference.com/vancouver2018/ in Vancouver
on September 14, 2018.
“It takes 10-15 times more graphite than lithium to create a
lithium-ion battery for any number of uses including electric
vehicle batteries. Leading analyst Industrial Minerals has
indicated that Chinese suppliers of graphite to the electric
vehicle market are ‘sold out’ of material indicating possible that
stockpiling of the material is occurring.”, states A. Paul Gill,
CEO of Lomiko Metals Inc.
Demand for graphite to be used in the battery sector is expected
to grow between now and 2020, driven by a positive outlook and
rapid development of the downstream battery industry, according to
Fabrizio Corti, business director for synthetic graphite at Imerys
Graphite & Carbon.
Lomiko La Loutre Flake Graphite
Property
Lomiko’s main asset is the 80% owned, 2,867.29 hectares
(28,67 km2) La Loutre property approximately 53 km east of
Imerys Carbon and Graphite which is North America’s only operating
graphite mine, and 117 km northwest of the International Sea Port
of Montreal. The March, 2016 Technical Report and Mineral Resource
Estimate on La Loutre Flake Graphite Property of 18.4 M Tonnes of
3.19% Indicated and 16.7 M Tonnes at 3.75% Flake Graphite Inferred
with a cut-off of 1.5%. The sensitivity table also features 4.1 M
Tonnes of 6.5% Indicated and 6.2 M Tonnes at 6.1% Flake Graphite
Inferred with a cut-off of 3%. Further exploration in the
Refractory Zone will be conducted before completing a Pre-economic
Assessment (PEA). Lomiko currently has a drill permit in place.
For more information on Lomiko Metals, review the website at
www.lomiko.com.
On Behalf of the Board
“A. Paul Gill”
Chief Executive OfficerWe 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20180913005958/en/
Lomiko Metals Inc.A. Paul Gill604-729-5312info@lomiko.com.
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