Just 120 Km’s North of Montreal, Lomiko Metals (LMK:TSXV) has been quietly building a high-grade graphite behemoth, with the goal of becoming a world-class supplier to the electric vehicle market in terms of both quantity and quality. With a new 43-101 looming, the last set of drill results on July 9th brought in multiple 100 m+ intercepts and 10%+ Cg Zones, serving as the icing on the cake.
These were in addition to similar big intercepts in 2016 and gave Lomiko the final bit of incontrovertible evidence it needed to announce a financing round primarily aimed at institutions. The Company is so confident in its completion, that it believes an updated 43.101 will be out by October and a Preliminary Economic Assessment (PEA) will be done by Q1 2020. That PEA is what CEO, Paul Gill, plans to use as a marketing document for major auto suppliers when he goes looking for automotive partners that will want to lock in Lomiko’s supply for the next 20-30 years.
Gill has one final reason to feel confident about his ability to become a world-class supplier to North American Mega factories by 2022 …. the only operating graphite mine in North America is just 53 km northwest of Lomiko.
As you think about your next show to start watching on NetFlix over the next few months, make sure to add Lomiko Metals to the watch list …. and get your popcorn ready.