Lomiko Metals: Developing Minerals for the New Green Economy $LMRMF $LMR.V
Metals used as a vital part of lithium-ion batteries in electric vehicles
Lomiko Metals is developing minerals for the new green economy. These metals include lithium and graphite, a vital part of lithium-ion batteries used in electric vehicles. Furthermore, by 2040, EV sales are expected to make up 58 % of global auto sales.
Lomiko discovered high-grade graphite at it’s La Loutre Property in Quebec. They are also working toward a Pre-Economic Assessment that will increase it’s current Indicated resource of 4.1 Mt of 6.5% Cg to over 10 Mt of 10%+.
Lomiko’s La Loutre graphite project
The La Loutre Property consists of 1 large contiguous block of 42 mineral claims totaling 2,508.97 hectares (25.09 km2). It’s located approximately 117 km northwest of Montral and 53 km east of the Imerys Carbon and Graphite’ Lac des Iles mine. Moreover, La Loutre was originally explored for base and precious metals by Soquem in 1989. Based on the results of a helicopter-borne electromagnetic (EM) survey, prospecting and reconnaissance geological mapping, their work identified several zones of parallel conductors each measuring as much as 2 kilometers long. Furthermore, ground exploration followed in 1990. According to historical reports by Levesque and Marchand, graphite is present in different lithologies on the property.
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