Rising demand for graphite in electric vehicle batteries propels Lomiko Metals exploration
Lomiko Metals Inc. (TSX.V:LMR) is a Canada-based, exploration-stage company. The company is engaged in the acquisition, exploration and development of resource properties that contain minerals for the new green economy. Its mineral properties include the La Loutre, Lac Des Iles, Quatre Milles Graphite Properties and the Vines Lake property which all have had major mineral discoveries.
In this interview, Paul Gill, CEO of Lomiko Metals, speaks with Hannah Bernard about the company’s focus on the green economy, particularly the electric vehicle market. He discusses how flake graphite is an essential component of the batteries needed in the production of electric vehicles. China’s reduced production of flake graphite as well as graphite in general, has prompted a spike in the price of these metals, but with numerous companies and countries going all-in on electric vehicles in the coming decades, Paul sees a huge market for lithium and graphite.
Assuring investors, Paul remarks that the company is at a good point in development. The La Loutre property has over 100 holes with further drilling campaigns in the works. Furthermore, there are plans to increase the resource into a world-class property. Paul believes that compared to competitors, Lomiko is undervalued as one of the more developed companies in graphite. With a low market cap, he sees Lomiko Metals Inc. (TSXV:LMR) as a valuable opportunity for investors looking for a developing company with a favourable future.