Lomiko Metals Provides Update on Exploration Activities on Its Natural Flake Graphite Portfolio, Initiation of R&D in an Environmentally Friendly Graphite Air Classifying Testing Program and Corporate Update
MONTREAL–(BUSINESS WIRE)–Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the “Company”) is pleased to announce the following updates.
Lomiko will start with the regional exploration programs in mid-September and will continue until the end of the year. The work in the fall of 2024 will consist of prospecting and geophysical surveys using beep mapping. Lomiko will provide further updates on the results of its exploration program and regional strategy for responsible graphite development in Southern Quebec. The regional exploration program will focus on improving knowledge of graphite showings at the most prospective claims and providing a better understanding of the La Loutre deposit.
Regarding recent comments from members of the Quebec government, Lomiko has always maintained that it will follow all government processes regarding macro energy policy, investment opportunities, and permitting. Lomiko believes that the Quebec government must maintain a fair approach and due process for studies and R&D in the province and enable operators to move forward with their grants, and with investment opportunities from IQ, without pre-judging the project’s merits ahead of its own formal provincial consultation processes. For the full statement please see here: https://lomiko.com/wp-content/uploads/2024/09/September-17-Lomiko-Media-Statement-EN.pdf
New R&D approach taken by Lomiko in environmentally friendly air classification process
As part of its commitment to R&D and responsible development of the graphite deposits at La Loutre, the Company is pleased to initiate work with a private enterprise having expertise in air classification technology. Graphite air classification involves a four-step process that will separate the waste material from the graphite without the use of water or chemicals to offer a processing alternative that will help reduce water use to minimal amounts and reduce environmental impacts.
This process, which does not rely on traditional floatation processes, can help determine more effective processing of graphite material. This meets the overall corporate strategy and mission to become the most environmentally friendly and competitive developer and producer of anode-grade graphite in North America. This option will be evaluated in relation to other flotation processing methods and studies. The technology preserves the graphite’s crystallinity structure and also greatly enhances the material’s performance when used in a lithium-ion battery by allowing better intercalation through charge and discharge from the cathode to the anode.
Belinda Labatte, CEO and Interim Chair of the Board, commented:
We are looking forward to initiating the regional exploration program and applying air classification technology,
“as well as other environmentally friendly solutions throughout our R&D and study phase. Lomiko is a key partner of the Quebec battery and energy transition strategy, and we intend to apply innovative technologies to develop made-in-Quebec, Canada natural flake graphite that is responsibly sourced, competitively priced and provides for the needed graphite in the North American supply chain. With the Government of Canada announcing a 100% surtax on all Chinese-made EVs, effective next month, October 1st, 2024, Lomiko is well positioned to become a valued domestic graphite supplier for North American EV manufacturers.”
Corporate Update
Management will present or participate at the following conferences and continue to lead discussions and community meetings regarding the responsible development of graphite in Quebec, Canada, to meet the long-term demand for this critical mineral in North America.
- Benchmark World Tour 2024, September 24th, 2024, taking place at Fasken, in Montreal, Quebec.
- Energy and Mines Toronto, The Decarbonized Mine, taking place on November 12-13 at the Marriott Downtown, Toronto, Ontario.
- 6th annual Energy Transition and Emission Reduction Conference for the Metals and Mining Industry, January 15-16, 2025, in Toronto, Ontario.
Lomiko also announced that the Company’s virtual Annual and Special Meeting will be held on December 19th, 2024.
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Lomiko Metals Provides Update on Exploration Activities on Its Natural Flake Graphite Portfolio, Initiation of R&D in an Environmentally Friendly Graphite Air Classifying Testing Program and Corporate Update, source
