Twitter Facebook LinkedIn YouTube

SeeThruEquity has initiated coverage on Lomiko Metals (TSXV: LMR)

Video Platform Video Management Video Solutions Video Player

New York based SeeThruEquity has initiated coverage on Lomiko Metals, symbol LMR on the TSX Venture Exchange. (OTCQX:LMRMF). SeeThruEquity gives Lomiko a speculative rating, and a target price of $0.19, a premium of 137% to the $0.08 price on November 3rd, the day the report was issued. 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: Nov 18, 2014
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

New York based SeeThruEquity has initiated coverage on Lomiko Metals, symbol LMR on the TSX Venture Exchange. (OTCQX:LMRMF).

SeeThruEquity gives Lomiko a speculative rating, and a target price of $0.19, a premium of 137% to the $0.08 price on November 3rd, the day the report was issued.

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, an area known as the “Cassiar Gold Camp”.

Lomiko is developing its Quatre Milles property, which based on site testing should be capable of producing high quality flake graphite, a critical component of lithium-ion batteries, which cannot be economically substituted.

In September, Lomiko optioned a 40% interest in the La Loutre Crystalline Flake Graphite Property, also located in Quebec.

Of particular interest was an area of the property which reported grab samples up to 22.04% carbon flake graphite and Carbon Purity Test results reporting up to 100.00% Carbon Purity in the large and extra-large flake graphite.

Graphite’s utility in lithium-ion batteries became more attractive when Tesla Motors announced plans to construct a “Gigafactory” in Nevada.

The current battery of a Tesla Model S sedan contains 110 kilograms of graphite.

In relation to the approximately 375,000 tons of flake graphite produced globally in 2013, the Gigafactory would increase battery-grade graphite demand by 126,000 tons, a 34% increase over total graphite demand and a 154% increase over battery-grade graphite demand.

When sliced into atom sized sheets, graphite is called graphene, which is being dubbed by many as a “supermaterial.”

Given its strength, graphene is currently being developed as a potential substitute for Kevlar in protective clothing, and eventually will be used in vehicle manufacture and possibly even used as a building material.

Graphene is also being developed for next generation consumer electronics products.

Lomiko is not only looking to supply firms with high quality graphene, but is also looking to invest in unique, emerging graphene-based technologies.

In February 2013, Lomiko and Graphene Laboratories signed a Strategic Alliance to develop new businesses in the nanotechnology field.

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

Graphene 3D Lab, which is partially owned by Lomiko, now trades on the TSX Venture Exchange under the symbol GGG, and is capitalized at $60 million dollars.

Lomiko, through its subsidiary Lomiko Technologies, recently announced an agreement to license from Megahertz Power Systems (logo), the rights the manufacture and sell three power converter system designs, to acquire a pending supply contract with a Canadian LED system integrator and support the research and development of new products.

A. Paul Gill, CEO 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.”

Given that the small production base in the west is aging and the fact that no new mines have been built in more than 20 years, both the EU and the US have declared graphite a supply critical mineral.

The company currently trades at $0.07, well below the $0.19 target price, 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 SeeThruEquity or to obtain a copy of their research report, please visit the company’s website www.seethruequity.com or contact Ajay Tandon, Director of Research, at 646-495-0939 or email ajay@seethruequity.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.