Lomiko Metals Inc. (LMRMF) has provided an update to its trading status. Lomiko has moved to the OTCQB and currently trades under the symbol LMRMF. In Germany, the WKN number is A2DJKB and the symbol is DH8C.
On Jan. 17, 2017, Lomiko announced high-grade graphite results from the near-surface Refractory zone at the La Loutre project of 7.74 per cent graphite over 135.6 metres, including 16.81 per cent graphite over 44.1 metres from hole LL-16-01, two different intersection in hole LL-16-02 reporting 17.08 per cent graphite over 22.3 metres and 14.8 per cent graphite over 15.1 metres, and 110.8 metres of 14.56 per cent graphite in hole LL-16-03. A further seven drill holes remain to be reported.
The company also wishes to clarify the names of the flake graphite zones at the La Loutre flake graphite property.
The Graphene-Battery zone is named for potential markets that may be developed for flake graphite, but does not contain graphene or, of course, batteries in the ground. Further, the Refractory zone does not refer to refractory ore, or to our knowledge, contain sulphides requiring specialized treatment. The name refers to graphite used in refractory bricks and for insulation in the steel-making industry.
In the interest of full disclosure, we call the reader’s attention to the fact that Equities.com, Inc. is compensated by the companies profiled in the Spotlight Companies section. The purpose of these profiles is to provide awareness of these companies to investors in the micro, small-cap and growth equity community and should not in any way be considered as a recommendation to buy, sell or hold these securities. Equities.com is not a registered broker dealer, investment advisor, financial analyst, investment banker or other investment professional. We are a publisher of original and third party news and information. All profiles are based on information that is available to the public. The information contained herein should not be considered to be complete and is not guaranteed by Equities.com to be free from misstatement or errors. The views expressed are our own and not intended to be the basis for any investment decision. Readers are reminded to do their own due diligence when researching any companies mentioned on this website. Always bear in mind that investing in early-stage companies is risky and you are encouraged to only invest an amount that you can afford to lose completely without any change in your lifestyle. Equities has been compensated with cash, common shares and/or warrants for market awareness services provided.