Vancouver, British Columbia--(Newsfile Corp. - December 15, 2015) - New York based SeeThruEquity has updated coverage on Lomiko Metals (TSXV: LMR) (FSE: DH8B) (OTCQX: LMRMF). Analyst Amit Tandon reiterated his speculative rating, and a target price of $0.19, a premium of 375% to the $0.04 price on December 14th, the day the report was issued.
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Canadian-based Lomiko is engaged in the acquisition, exploration and development of resource properties that contain minerals for the new green economy, specifically graphite. In addition to developing high quality graphite plays, including the La Loutre Crystalline Flake Graphite Property and the Quatre Milles Graphite Properties in Quebec, Lomiko is pursuing synergistic growth opportunities in the technology and new energy markets.
The company plans to leverage its position in the manufacturing of graphene, a graphite derivative up to 200x stronger than structural steel, which also possesses very high thermal and electrical conductivity properties. There are several long-term demand catalysts for high grade graphite, including from the lithium-ion battery industry, automotive demand from projects similar to the Tesla Gigafactory, as well as potential new applications of graphite derivative graphene, including 3D printing, LED drivers and power conversion products.
The company's wholly owned subsidiary, Lomiko Technologies, appears to be nearing commercialization for its innovative new Spider Charger™, developed by the company as a result of technology acquired through Lomiko's licensing agreement with Megahertz Power Systems Ltd.
SeeThruEquity believes there is clearly a large market potential for the Spider Charger™, which has applications for residential and commercial builders, airlines, schools, and businesses such as coffee shops, with clientele seeking charging stations for their portable electronic devices.
Lomiko recently initiated a Kickstarter campaign to fund safety and green certifications for commercial use.
On December 4th, Lomiko announced flake graphite intersections of 37.4 meters of 4.4% including 10.3 meters of 5.6%, and 48 meters of 3.1% including 8.9 meters of 6.1% at their 2,900 hectare La Loutre Crystalline Flake Graphite Property in Quebec.
A. Paul Gill, CEO stated: "We continue to see excellent results for La Loutre. Each drill result provides better definition of the property's potential."
The company currently trades at $0.035, well below the $0.19 target price, and with 152 million shares outstanding, the company is capitalized at $5.3 million. Lomiko owns 4.4 million shares of 3D Labs (TSXV: GGG) which is valued at $1.2 million.
For more information about Lomiko, please visit the company's website www.lomiko.com, contact A. Paul Gill, President & CEO at 604-729-5312 or email info@lomiko.com.
For more information about SeeThruEquity or to obtain a copy of their research report, please visit the company's website www.seethruequity.com or contact Amit Tandon, Director of Research, at 646-495-0939 or email amit@seethruequity.com.
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