VANCOUVER, BRITISH COLUMBIA and NEW YORK, NEW YORK - May 29, 2013
(Investorideas.com mining stocks newswire) LOMIKO METALS INC. (
TSX VENTURE:LMR)(LMRMF)(DH8B.F)
(Europe: ISIN: CA54163Q1028, WKN: A0Q9W7) (the "Company") announces
that the SUNY Research Foundation at Stony Brook University (RF),
Graphene Laboratories, Inc. (Graphene Labs) and Lomiko Metals, Inc. have
agreed to investigate novel, energy-focused applications for graphene.
"This new agreement with Stony Brook University's researchers means
Lomiko is participating in the development of the technology graphene
makes possible," commented Paul Gill, CEO of Lomiko. "Using graphene to
achieve very high energy densities in super capacitors and batteries is a
transformative technology. Strategically, Lomiko needs to be
participating in this vital research to achieve the goal of creating a
vertically integrated graphite and graphene business."
Under its Strategic Alliance Agreement with Lomiko, Graphene Labs
-- a leading graphene manufacturer -- will process graphite samples from
Lomiko's Quatre Milles property into graphene. The Research Foundation,
through Stony Brook University's Advanced Energy Research and
Technology Center (AERTC) and the Center for Advanced Sensor Technology
(Sensor CAT), will then examine the most efficient methods of using this
graphene for energy storage applications. There is no certainty the
proposed operation will be economically viable.
Graphene's remarkable properties, including its high conductivity,
mechanical strength, and high specific surface area, make it an ideal
electrode material for electrochemical devices used in clean energy
applications. Graphene shows promise for super-capacitors and
next-generation Li-ion batteries. Efficient energy storage is a
cornerstone for a resilient and reliable energy transmission grid and
graphene is a key element of the clean energy system.
For all parties involved, the goal of this collaboration is to map
commercially viable routes for the fabrication of graphene-based energy
storage devices. By participating in these projects, the partners will
address the cost of graphene production, as well as how best to
integrate the material into commercial energy storage devices.
The Lomiko and Graphene Labs Strategic Alliance
Lomiko and Graphene Labs have agreed to co-develop a vertically
integrated supply chain that includes a secure supply of high-quality
graphite, cost-effective and scalable processing, tight quality control
and integration of graphene-based products in end-user products. The
parties will capitalize on the secure supply of high quality graphite,
provided by Lomiko, and the extensive customer database and expertise in
graphene materials brought by Graphene Labs.
Lomiko has provided mineral samples from the Quatre Milles Project
for natural high quality flake graphite for graphene conversion.
Under the Agreement, Graphene Labs will develop a feasible
procedure for the purification of flake graphite for use in graphene
production. They will also provide guidance on technologies tailored to
the production of graphene and graphene-related materials.
The Agreement also calls for joint Research and Development and
business, communications, and marketing strategy for end uses of the
graphite and graphene products.
Lomiko also has the option to provide equity financing(s) to
Graphene Labs on an exclusive basis for two years if it meets Graphene
Labs funding requirement of raising at least $500,000 within eight
months of the agreement, $1,000,000 within twelve (12) months and
$2,000,000 within eighteen (18) months. If the requirements are not met,
Lomiko loses exclusivity but maintains the right to participate in
financings on a non-exclusive basis.
The Agreement is subject to approval by the TSX.
About Graphene Laboratories Inc.
Graphene Laboratories, Inc. primary focus is to apply fundamental
science and technology to bring functional advanced materials and
devices to market.
Graphene Laboratories Inc. operates the Graphene Supermarket® (
www.graphene-supermarket.com),
and is a leading supplier of advanced 2D materials to customers around
the globe. In addition to the retail offering of advanced 2D materials,
it offers analytical services, prototype development and consulting.
Located in Calverton NY, Graphene Labs benefits from the unique
high tech community on Long Island. Efforts by Graphene Laboratories are
supported by Brookhaven National Laboratory, Stony Brook Business
Incubator, and the Clean Energy Business Incubator Program (CEBIP),
hosted by the New York State Energy Research and Development Authority
(NYSERDA).
For more information on Graphene Laboratories, Inc, visit
www.graphenelabs.com or contact them at (516)-382-8649 or via email at
info@graphenelabs.com.
About AERTC
Located in the Research and Development Park on the campus of Stony
Brook University, the Advanced Energy Incubator is space that is home
to companies within the Advanced Energy Center. The Advanced Energy
Center (www.aertc.org), a New York Center of Excellence is a true
partnership of academic institutions, research institutions, energy
providers and companies. Its mission is innovative energy research,
education and technology deployment with a focus on efficiency,
conservation, renewable energy and nanotechnology applications for new
and novel sources of energy.
About Sensor CAT
The New York State Center for Advanced Technology at Stony Brook University (
http://www.usensors.com/SENSORCAT/),
designated by the Empire State Development Corporation, Div. of Science
Technology and Innovation (NYSTAR), provides intellectual, logistical,
and material resources for the development of new product technologies -
by facilitating R&D partnerships between New York companies with an
in-state footprint and university researchers. The important outcomes
are new jobs, new patents, training of students in company product
matters, and improved competitiveness for New York State businesses.
About Lomiko Metals Inc.
Lomiko Metals Inc. is a Canadian based exploration-stage company.
Its mineral properties include the Quatre Milles Graphite Property and
the Vines Lake property which both have had recent major discoveries. On
October 22 and November, 13 2012, Lomiko Metals Inc. announced 11 drill
holes had intercepted high grade graphite at the 3,780 Ha Quatre Milles
Property. On March 15, 2013 Lomiko reported 75.3% of graphite tested
was >200 mesh and classified as graphite flake with 38.36% in the
>80 mesh, large flake category. 85.3% of test results higher than the
94% carbon purity considered high carbon content, with the median test
result being 98.35%.
The highlight of Lomiko's testing was nine (9) sieve samples which
captured flakes of varying sizes which tested 100.00% carbon. Both fine
and flake material may be amenable to graphene conversion by Lomiko
Metals Inc. partner Graphene Laboratories.
The project is located 175 km north of the Port of Montreal and 26 km from a major highway on a well-maintained gravel road.
On Behalf of the Board
A. Paul Gill, Chief Executive Officer
Contact:
Lomiko Metals Inc.
A. Paul Gill
604-729-5312
info@lomiko.comwww.lomiko.com
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