Blog - Lomiko Metals Sets Sights on EV Market

Lomiko Metals Sets Sights on EV Market

Aug 2, 2019

At the Benchmark Minerals Summit 2019 in May, the US declared a critical importance of graphite production to accommodate the high demand for lithium-ion batteries. Graphite is a key material in the production of li-on batteries, and with the majority of suppliers operating out of China, there leaves an opportunity for companies to become North American suppliers. One company looking to capitalize on such opportunity is Lomiko Metals Inc. (LMR.V)

Lomiko Metals Inc. is a high-grade flake graphite company focused on exploration and development of minerals for the new green economy. Recently, Lomiko announced they are looking to participate in North American Graphite Anode production for Electric Vehicle (EV) Lithium-ion batteries. The EV market has taken off over the past few years with companies like Tesla (TSLA) leading the charge and the recent announcement of Ford’s partnership with Volkswagen.

The graphite anode demand is set to increase significantly by 2023, with companies already lining up to find the next North American supplier. Lomiko is a strong contender to become one of the top North American based suppliers and continues to commit themselves to the green economy.

To highlight the importance of the EV li-ion demand we have created a new prize pool that dissects the lithium-ion battery.

Dissecting the Lithium-Ion Battery

The pool is divided into four categories:

  • Anode (Graphite)
  • Electrolyte (Lithium Salts)
  • Cathode (Differing Formulations)
  • Wildcard

Prize: $50 Amazon gift card

Join here!
 

Be sure to get your picks in and best of luck!