Twitter Facebook LinkedIn YouTube

Fundamental Research has updated coverage on Lomiko Metals (TSXV: LMR)

Video Platform Video Management Video Solutions Video Player

Following the announcement of several new initiatives, Fundamental Research has updated coverage on Lomiko Metals, symbol LMR on the TSX Venture Exchange. (OTCQX:LMRMF). Canadian-based Lomiko is engaged in the acquisition, exploration and development of resource properties that contain minerals for the new green economy, specifically graphite.

Additional Information:

Company: Lomiko Metals
Website: http://www.lomiko.com/
Stock Symbol: TSXV: LMR
Date Published: Jan 27, 2015
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Following the announcement of several new initiatives, Fundamental Research has updated coverage on Lomiko Metals, symbol LMR on the TSX Venture Exchange. (OTCQX:LMRMF).

Canadian-based Lomiko is engaged in the acquisition, exploration and development of resource properties that contain minerals for the new green economy, specifically graphite.

Its mineral properties include the Quatre Milles Graphite Property in Quebec, and the Vines Lake property, a 5,400 hectare gold project in northern British Columbia.

In September 2014, the company announced it had optioned a 40% interest in the early stage La Loutre crystalline flake graphite property in Quebec.

Lomiko and its joint venture partner, Canada Strategic Metals Inc. (TSXV:CJC), have completed a 25 hole drill program on this property, and subsequent to the Fundamental Report, announced results
confirming graphite mineralization over 800 meters with intercepts of 8.01% over 20.3 metres, 11.23% over 10.7 metres and 10.3% graphite over 7 metres.

Graphite’s utility in lithium-ion batteries became more attractive when Tesla Motors announced plans to construct a “Gigafactory” in Nevada, as the current battery of a Tesla Model S sedan contains 110 kilograms of graphite.

In October 2014, the company entered into a revenue generating agreement with private Burnaby, BC based Megahertz Power Systems to manufacture and sell power converter system designs.

In December 2014, Lomiko announced plans to invest US$182,000 in a company newly formed by Graphene Labs, which will focus on graphene based supercapacitors.

Lomiko’s relationship with Graphene Labs goes back to February 2013, when the two companies signed a Strategic Alliance to develop new businesses in the nanotechnology field.

Graphene 3D Lab, which is focused on the development of high-performance, graphene-enhanced materials for 3D Printing, was spun-out of this arrangement.

Lomiko owns 4.4 million shares of Graphene 3D, which trades on the TSX Venture Exchange under the symbol GGG.

The initial investment of $350,000 is currently worth $3.5 million.

A. Paul Gill, CEO of Lomiko, stated: “The Power Converter Market is a multi-billion dollar market. With the increasing demand for energy-efficient electronic devices, the advent of re-chargeable batteries and the new market for quick-charge supercapacitors, Lomiko has the opportunity to move into a growing market with a profitable business model.”

Analyst, Siddharth Rajeev stated: “Overall, we are pleased to see how LMR is slowly transitioning from a pure graphite exploration play, to a graphite exploration / technology company. The recently signed
licensing agreement could potentially start generating revenues for the company within the
next 6 months.”

Fundamental has deferred assigning a target price until Lomiko discloses more details on the recently signed licensing agreement, and/or when a resource estimate on La Loutre is completed, which is anticipated later this year.

In November, New York based SeeThruEquity initiated coverage on Lomiko giving the company a speculative rating, and a target price of $0.19.

David Morgan, publisher of the Morgan Report on Money, Metals and Mining, interviewed Paul Gill during the recent Vancouver Resource Investment Conference. The interview will be available for viewing on InvestmentPitch.com within the next week.

The company currently trades at $0.07, and with 137.8 million shares outstanding, the company is capitalized at $9.6 million.

For more information about Lomiko, please visit the company’s website www.lomiko.com, contact
A. Paul Gill, President & CEO at 604-729-5312 or email info@lomiko.com.
.
For more information about Fundamental Research or to obtain a copy of their research report, please visit the company’s website www.researchfrc.com.

I’m Samantha Deutscher for Investmentpitch Media
For more video news, and to view our disclaimer, please visit our website at www.investmentpitch.com
This video is for information purposes only and it not a recommendation to buy or sell any securities.