Mr. A. Paul Gill reports
LOMIKO PLANS TO SPIN OUT TWO NEW TECHNOLOGY PLAYS, ESTABLISH A GRAPHITE RESOURCE AND DRILL DEEP GOLD TARGETS AT VINES LAKE IN 2015
Lomiko Metals Inc. has made significant strides forward on several fronts in 2014. The strategic plan to create new ventures in the technology sector has been very successful.
"Lomiko's work in 2014 has set the stage for the accelerated creation of value in 2015," stated A. Paul Gill, chief executive officer. "This news release outlines our direction and goals in 2015 for shareholders, analysts, the media and new venture investors looking for a company that is moving forward despite difficult market conditions."
Technology highlights, 2014:
- In August, Lomiko participated in the Graphene 3D Lab initial public offering. A $350,000
investment in the private 3-D printing company eventually became the Toronto Stock Exchange-listed Graphene 3D Lab, which currently has a $44-million market cap.
This transaction provided proof of concept for the company's vision to create new
technology ventures. It also provided Lomiko with over four million shares
in Graphene 3D Lab, which have traded as high as $2.50.
- Lomiko has also transferred its graphene supercapacitor investment into
40-per-cent ownership of a U.S. corporation, Graphene Energy Storage Devices, in anticipation of a similar transaction in 2015.
- Through Lomiko's 100-per-cent-owned subsidiary, Lomiko Technologies Inc., the company has licensed the rights to manufacture and sell three power converter system
designs and has acquired a pending supply contract for an existing
customer from Megahertz Power Systems Ltd.
Graphite exploration highlights, 2014:
- Lomiko continued to explore its wholly owned Quatre Miles graphite
property in the province of Quebec. In July, 2014, Lomiko announced the
discovery of 23 new high-priority magnetic anomalies on this property.
- In September, Lomiko announced the acquisition of a 40-per-cent interest in
Canada Strategic Minerals' La Loutre crystalline flake graphite property
in Quebec. The La Loutre property has since then been drilled and
has produced very encouraging results. Lomiko is particularly encouraged by the high grades and near-surface locations of
this graphite discovery.
- Lomiko was pleased to close financings for gross proceeds of $5,520,800
in March of 2014.
- Lomiko was approved for trading on the OTCQX exchange in the United States in
April, 2014, allowing new American investors there to participate in the
growth and development of the company.
- Lomiko was also pleased to announce that a shareholder rights plan came
into effect at the company's October annual general meeting. In the current
market, technological innovation can create tremendous value literally
overnight and the company's shareholder rights plan will ensure that Lomiko's shareholders are treated fairly when such value is created.
- Lomiko has arranged for a market-maker to provide liquidity to the
market and a better trading experience for investors.
- Recently filed financial information for the first quarter of 2015 indicates Lomiko
has $4.04-million of cash and cash equivalents, $7.7-million in unrealized equity (Graphene 3D Lab shares) and $1.7-million in
Management is confident the work done on both technology and exploration puts Lomiko in an excellent position to capitalize on the coming graphene revolution:
- Lomiko Technologies' goal is to create revenue from its licensing deals
and e-commerce site and launch Lomiko Technologies as a new public
- Graphene 3D Lab is making significant progress in developing its business plan for revenue and profitability. Lomiko will continue to
meet any graphite needs that arise from demand created.
- Graphene ESD will continue its development of energy storage devices and
launch as a new public company in 2015.
- Lomiko Metals will focus on creating a resource estimate and PEA for the
La Loutre graphite property located near the Imerys graphite and carbon
mine in Quebec.
- Lomiko will also drill deep gold targets at the 100-per-cent-owned Vines Lakes
project in Cassiar, B.C., which is adjacent to the historic Table
Mountain mine. The magnetic anomaly map is available on-line.
- Lomiko will launch an extensive advertising and brand awareness campaign
designed to focus attention on the company's new products.
In a difficult market for junior exploration companies Lomiko has managed to stand out as an innovative, agile and forward-looking company. Its technology investments provide a counter balance to the junior resource market. At the same time, Lomiko believes that by concentrating on finding high-grade, near-surface graphite deposits, it will position Lomiko to be a low-cost graphite producer when the time comes to mine graphite.
We seek Safe Harbor.
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