Skip Navigation Links

Bookmark and Share
Lomiko Metals Inc. (TSXV: LMR, OTC: LMRMF, FSE: DH8B, ISIN: CA54163Q1028, WKN: A0Q9W7): Advancing High-Grade Flake Graphite Project in Quebec, Paul Gill, President and CEO

on 5/13/2018
Lomiko Metals Inc. (TSXV:LMR, OTC: LMRMF, FSE: DH8B, ISIN: CA54163Q1028, WKN: A0Q9W7) is a Canadian-based, exploration-stage company, that discovered high-grade graphite at its La Loutre Property in Quebec and is working toward a new resource and Pre-Economic Assessment (PEA) that will increase its current indicated resource of 4.1 Mt of 6.5% Cg to over 10 Mt of 10%+ Cg. We learned from A. Paul Gill, President and CEO of Lomiko Metals, that they have received a drilling permit for the La Loutre property and are about to get the drills turning on that project. At the same time, they are planning a small financing to complete that work, as well as work on the two very interesting tech projects owned by Lomiko: their Prometheus Cryptocurrency project and SHD Smart Devices their smart home devices project. According to Mr. Gill, graphite prices have gone up about 30% and the demand for graphite's will increase as China clamps down on exporting the material.

Allen Alper Jr.: This is Al Alper Jr., with Metals News, interviewing Paul Gill, President and CEO of Lomiko Metals. Could you give our readers/investors an overview of your company, your focus and current activities?

Paul Gill: Our focus is battery minerals, such as copper and graphite. We have made a very good graphite discovery, which is why we're involved in developing that first. Then, as we progress, we'll be looking for other battery materials, such as lithium and cobalt as well.

Allen Alper Jr.: Would you like to update our readers/investors on what's new and exciting?

Paul Gill: In the last year we had a very good discovery hole that was 14.5% graphite over 110 meters. It's a very good intercept, very close to the grade, of sector leader Mason Graphite, which is grading in the 16 to 17% range, so we're very happy with that. We want to add to that discovery and create a resource around it so we can really be comparable. Lomiko is trading at $4 million market cap whereas Mason is trading at $150 million market cap, so we think we could add a lot of value if we continue to drill and define a positive pre-economic assessment.

Allen Alper Jr.: What is your timeframe on that?

Paul Gill: We just received our permit on the graphite property, so we're about to get the drills turning on that project. At the same time, we're going to do a small financing to complete that work, and also work on our Prometheius Cryptocurrency Project and SHD Smart Home Devices (SHD), which are both very, very interesting tech projects.

Allen Alper Jr.: Tell us a bit more about those devices.

Paul Gill: We've partnered with a group called MegaHertz Power Systems. MegaHertz has several patents that they've developed, based on which they've created smart home devices that are WIFI-enabled. We now own 25% of the company created to house the project SHD and MegaHertz owns 75%. We've been funding the development, on the manufacturing side, of these smart home devices. The first one is called the Spider Charger, which has USB connections, wireless connectivity and will replace your power bar, for instance, with USB power supply which replaces a wall receptacle. So, you're saving a lot of energy, you're not using those bulky power with every device. The little power converter that's added to the cord leading to your computer, would be eliminated, by putting all that into the wall. The patents are around heat management and power management, to avoid fires. We're getting the Underwriters' Lab approval on that project and have a patent filed.

With Prometheius, we're using the same concept. Heat and power are the biggest issues when it comes to cryptocurrency mining, so we're going to apply the same patents to the cryptocurrency mining market. We've developed two prototypes of computers, one that will be used by mining farms, and then one used residentially. So, you could actually buy one of these computers, which we call the Golden Goose, and put it in your home.

Allen Alper Jr.: Sounds very exciting. When do you expect to complete your revised PEA?

Paul Gill: I think it will be about three months before our drilling results come in and then a resource within a month from that, and then the PEA is probably by the fall of 2018.

Allen Alper Jr.: Excellent!

Paul Gill: The market is taking off with electric vehicles and battery materials. Lithium is doing very well, cobalt is doing well, and that's because the base metals have gone up. What people haven’t noticed is graphite is slowly creeping up. It's gone up about 30%. The electrodes market in India is exploding. Graphite electrodes are used in steel making and they've gone up 500%. We know that eventually that is going to hit the natural flake graphite market, and the demand for graphite's going to increase, and we're going to see a big increase in a lot of the companies that have graphite.

Allen Alper Jr.: Tell us a bit more about your graphite project.

Paul Gill: We're north of Montreal by about 170 kilometers, we're south of the Imerys carbon and graphite mine, which operates right now. We're situated right between Northern Graphite and Nouveau Monde. Both are trading at five times our market cap. Mason Graphite, is much further away on Baie-Comeau, is trading at 150 million market cap, 30 times our market cap, so we really have a good opportunity to create a lot of value for our shareholders as we complete the tasks at hand.

Allen Alper Jr.: That's very exciting.

Paul Gill: Thanks.

A. Paul Gill, President & CEO

Disclaimer | Terms Of Use And Privacy Statement

© Metals News. All rights reserved.