VANCOUVER, British Columbia, Jan. 12, 2016 (GLOBE NEWSWIRE) -- Lomiko Metals Inc. (“Lomiko”) (TSX-V:LMR) (OTC:LMRMF) (FSE:DH8B) has made significant strides forward on several fronts in 2015. Working with partner Canada Strategic Metals, it has completed a drilling program and is working toward an 80% interest in the La Loutre property, has completed trademark applications and looks forward to commercial production of Spider Charger USB devices and Power Converters.
Management is confident the work done on both technology and exploration puts Lomiko in an excellent position to capitalize on developments in the electric vehicle space. Recent reports on Lithium and Graphite by Benchmark Mineral Intelligence indicate a steady rise in both minerals while general commodities are heading toward bear market status. Here are our goals:
- Lomiko Metals will announce a 43-101 resource estimate based on excellent drill results at the La Loutre Graphite Property located near the Imerys Graphite and Carbon Mine in Quebec (http://www.lomiko.com/public/files/news/Canada%20Strategic%20NR%2001-06-2016.pdf)
- Lomiko Technologies would like to create a revenue stream from its licensing deals and e-commerce site and launch Lomiko Technologies as a new public company. A detailed review of this development is available here (http://www.lomiko.com/public/files/news/LMR%20NR%20SpiderCharger%20patents&TM%20filed%2011-03-2015.pdf)
- Graphene 3D Lab is also making significant progress in developing their business plan for revenue and profitability. In December 2015, Graphene 3D Lab announced it had signed a R&D and royalty agreement with a Fortune 500 company (http://www.graphene3dlab.com/s/news.asp?ReportID=731909&_Type=News&_Title=Graphene-3D-Lab-Announces-RD-Royalty-Agreement-with-a-Fortune-500-Manufactu...) and acquired Graphene Labs, the owner of www.graphene-supermarket.com (http://www.graphene3dlab.com/s/news.asp?ReportID=732949&_Type=News&_Title=Graphene-3D-Closes-Transaction-to-Acquire-Graphene-Laboratories-Inc.%20)
- Lomiko owns 40% of Graphene ESD Corp. and will continue its development of energy storage devices. The company remains private and is working on patents in this space.
In the most difficult market in history for junior exploration companies, Lomiko has managed to stand out as an innovative, agile and forward-looking company. Our technology investments provide a counter balance to the junior resource market.
On Behalf of the Board
“A. Paul Gill”
Chief Executive Officer
We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Source: Lomiko Metals Inc.