carlos61
3 months ago
May 16, 2024 – Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the “Company”) is pleased to announce that it has been awarded a Department of Defense (“DoD”) Technology Investment Agreement (“TIA”) grant of US$8.35 million (approximately CA$11.4 million) where Lomiko will match the funding over a period of 5 years, for a total agreement with the DoD of US$16.7 million. The grant falls under Title III of the Defense Production Act and is funded through the Inflation Reduction Act to ensure energy security in North America. This grant funding is to strengthen and expand the industrial base for natural flake graphite in North America. This is one of the first agreements the Department of Defence (“DOD”) is granting in TIA funding to a Canadian management team and asset, at this stage of development. In addition, and concurrent to the grant awarded by the DoD, the Company has also been approved for funding of CA$4.9 million in a non-repayable contribution agreement from the Critical Mineral Research, Development and Demonstration (CMRDD) program administered by Natural Resources Canada with the total project cost being CA$6.6 million. The objective of the program is to pilot the proposed graphite upgrading process and convert La Loutre natural flake graphite into battery-grade anode material.
mick
8 months ago
GRAPHITE Lomiko Metals published its April 13, 2023 Updated Mineral Resource Estimate (MRE) which estimated 64.7 million tonnes of Indicated Mineral Resources averaging 4.59% Cg per tonne for 3.0 million tonnes of graphite, a tonnage increase of 184%. Indicated Mineral Resources increased by 41.5 million tonnes as a result of the 2022 drilling campaign, from 17.5 million tonnes in 2021 MRE, with additional Mineral resources reported down-dip and within marble units resulted in the addition of 17.5 million tonnes of Inferred Mineral Resources averaging 3.51% Cg per tonne for 0.65 million tonnes of contained graphite; and the additional 13,107 metres of infill drilling in 79 holes completed in 2022 combined with the refinement of the deposit and structural models contributed to the addition of most of the Inferred Mineral Resources to the Indicated Mineral Resource category, relative to the 2021 Mineral Resource Estimate. The MRE assumes a US$1,098.07 per tonne graphite price and a cut-off grade of 1.50% Cg (graphitic carbon).
mick
8 months ago
About Lomiko Metals Inc.
The Company holds mineral interests in its La Loutre graphite development in southern Quebec. The La Loutre project site is within the Kitigan Zibi Anishinabeg (KZA) First Nation’s territory. The KZA First Nation is part of the Algonquin Nation, and the KZA traditional territory is situated within the Outaouais and Laurentides regions.? Located 180 kilometers northwest of Montreal, the property consists of one large, continuous block with 76 mineral claims totaling 4,528 hectares (45.3 km2).
The Property is underlain by rocks from the Grenville Province of the Precambrian Canadian Shield. The Grenville was formed under conditions that were very favorable for the development of coarse-grained, flake-type graphite mineralization from organic-rich material during high-temperature metamorphism.
docsetc
3 years ago
Sick joke there.
Doesn't take a chemistry or physics expert to tell you, the batteries are CARBON BOMBS, bury a used one of those, and its 10,000X the carbon toxic waste of 2000 car emissions annually. Yeah, go look that fact up.
Even Elon Musk's recycling process for the Lithium+ batteries, graphite and call, put out 500X more carbon emission/waste fumes that the same amount of cars annually, and Musk's company admits it too.
There is NO carbon footprint emission cut with electric cars. It's just dispensed in a different way. Carbon in the air, or a much faster excess-carbon poisoning in the ground. Facts are Facts.
Anyone lying about it on this board won't help at all.
WallStreetSignals
4 years ago
$LMR $LMRMF Lomiko Metals APPOINTS GREGG JENSEN TO THE #LOMIKO BOARD OF DIRECTORS & TO THE TECHNICAL SAFETY & SUSTAINABILITY
COMMITTEE
Lomiko Metals is pleased to report that Mr. Gregg Jensen has accepted an appointment to the Lomiko Board of Directors and to the Lomiko Technical, Safety and Sustainability Committee (“LTSSC”).
Mr. Jensen has over 25 years of experience in Finance and Business management spanning several industries from technology, mining, engineering, to professional services. Mr. Jensen is currently Managing Director of Mavericus Ventures Corp. a private merchant bank investing in early-stage private and public companies. He has also served on several public and private boards and has held several executive roles. Mr. Jensen has led several companies through multiple capital raises, several M&A and joint venture transactions as well as consulting in turning around struggling companies.
Read More: Green Economy and Electric Car Revolution