NEW YORK, NY / ACCESSWIRE / March 30, 2017 / SeeThruEquity, a leading independent equity research and corporate access firm focused on small-cap and micro-cap public companies, today announced it has issued an update on Lomiko Metals, Inc. (TSXV:LMR.V) (LMRMF) (DH8C.F).
The report is available here: LMR Update Note.
Based in Vancouver, BC, Lomiko Metals, Inc. (TSXV:LMR.V) (LMRMF) (DH8C.F) (“Lomiko”) is an exploration-stage company engaged in the acquisition, exploration and development of resource properties that contain minerals for the new green economy, specifically graphite. In addition to developing high quality graphite plays, including the La Loutre Crystalline Flake Graphite Property and the Quatre Milles Graphite Properties in Quebec, Lomiko is pursuing synergistic growth opportunities in the technology and new energy markets, which leverage its position in the manufacturing graphene, a graphite derivative up to 200x stronger than structural steel that also possesses very high thermal and electrical conductivity properties. These opportunities include the 3D printing, lithium batteries, LED drivers and power conversion products.
Update on drilling results from La Loutre
On March 7, 2017, Lomiko and partner Canada Strategic Metals (TSX.V:CJC) announced encouraging drilling results for high grade graphite from the refractory zone in the La Loutre property north of Montreal. In the joint press release, the companies defined an area of mineralization that appears to be 200 meters wide, with a current strike length of 400 meters in a northwest to southeast direction, which is open from both directions. The announcement is a continuation of encouraging drilling results for the play, which management indicated has shown “excellent” data including near-surface, high grade flake graphite, helping further define its potential. We note that the identification of high purity graphite crystalline flake can serve as the base material for testing graphite for the ultrapure carbon market, for anode materials used in lithium-ion batteries and for conversion into graphene for use in 3D printers and supercapacitors. We have included detailed results of the latest announcement, and note that the company is planning to complete a Pre-economic Assessment (PEA) during calendar 2017.
Spider Charger™ advancing
Lomiko’s wholly owned subsidiary, Lomiko Technologies, appears to be nearing commercialization for its innovative new Spider Charger™, an in-wall USB charging device that employs a sleek design while improving energy efficiency for customers and allowing up to eight electronic devices (two standard, 6 via USB ports) to charge safely at one time. The Spider Charger™ was developed as a result of technology acquired through Lomiko’s December 2014 licensing agreement with Megahertz Power Systems Ltd. The companies then formed a joint venture, SHD, in 2016 to focus on the development of IoT (“internet of things”) devices, beginning with the Spider Charger. There is clearly a large market potential for the Spider Charger™, which has applications for residential and commercial builders, airlines, schools, and businesses with clientele seeking charging stations for their portable electronic devices. In an investor presentation posted to its web site on March 23, 2017, Lomiko detailed 3-year goals for the Spider Charger including revenues of $11.6mn and $2.7mn of operating profit.
Updating target for reverse split
We are updating the target for Lomiko Metals to C$0.75 at this time. The target reflects new shares issued since we initiated coverage on the company, as well as a reverse split in December 2016. We see the company as an intriguing, speculative investment in the graphite and graphene markets, with option-like potential from holdings in its wholly-owned Lomiko Technology subsidiary.
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