Welcome to our dedicated page for LMR news (Ticker: LMR), a resource for investors and traders seeking the latest updates and insights on LMR stock.
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Lomiko Metals Inc. has engaged Siri C. Genik and BRIDGE© for strategic advisory services focused on community relations concerning the La Loutre Project. Genik brings over 25 years of experience in mining and sustainability, aiming to foster collaboration with First Nations and local communities. The company has also established the Lomiko Technical Safety and Sustainability Committee to oversee project assessments and liaise with stakeholders. With Quebec's government projecting a significant graphite demand increase, Lomiko aims to contribute to the green economy.
Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF) has engaged Veritas Consulting Group Inc. for a one-year investor relations contract, costing $25,000 USD monthly. This partnership aims to enhance visibility within the financial community, facilitate shareholder communication, and connect with various financial entities. Additionally, the company reported the exercise of 14,865,000 warrants, generating gross proceeds of $840,350. The funds will support corporate development, including potential acquisitions.
Lomiko Metals Inc. is progressing with its Preliminary Economic Assessment (PEA) at the La Loutre Flake Graphite Project. The company has renamed the Refractory Zone to the EV Zone to eliminate confusion regarding the geological terminology. The EV Zone was part of a successful drilling campaign in 2019. An independent technical report conducted in 2016 indicated a mineral resource estimate of 18.4 million tonnes at a grade of 3.19% carbon flake graphite, enhancing the project's prospects.
Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF) is closely following government initiatives in the Critical Minerals sector, particularly the Quebec Plan, projecting a 300-500% surge in graphite demand over the coming decades. The Plan aims to support local communities and companies with ethical mining practices and improve infrastructure for resource development.
Lomiko Metals has successfully completed the acquisition of the La Loutre Flake Graphite project for $1,125,000 from Quebec Precious Minerals Corporation. CEO A. Paul Gill emphasizes the opportunities in the burgeoning electric vehicle sector and the anticipated demand for graphite. The company is also looking to evaluate Preliminary Economic Assessment (PEA) proposals, aiming to identify profitable strategies for product development, as demand for spherical graphite is expected to skyrocket by 500% by 2040.
