US Election Bonus for Critical Minerals Mining
In a boon for the critical minerals mining industry, former Vice President and current Presidential frontrunner Joe Biden’s campaign has privately told US miners it would support boosting domestic production of metals used to make electric vehicles, solar panels, and other products crucial to his climate plan, according to three sources familiar with the matter.
Biden, who served as Obama’s vice president and is well-regarded in conservation circles, has been expected to continue in that vein. The US Democratic presidential candidate also supports bipartisan efforts to foster a domestic supply chain for graphite, lithium, copper, rare-earths, nickel, and other strategic materials that
On
Co-chaired by the Honourable Seamus O’Regan, Canada’s Minister of Natural Resources and the Honourable Ranj Pillai, Deputy Premier and Minister of Energy, Mines, and Resources for
"Canada’s economy is in a strong position to recover and excel post-Covid because of our natural resource potential. All communities across
Lomiko’s Opportunity in the Supply Chain
Graphite demand is expected to increase exponentially for the mined natural graphite material, as more is used in the production of spherical graphite for graphite in the anode portion of Electric Vehicle Lithium-ion batteries.
With the completion of a
1) Complete 100% Acquisition of the Property, currently 80% owned by
2) Complete metallurgy and graphite characterization to confirm li-ion anode grade material.
3) Complete a Technical Report to confirm the extent of the mineralization equals or surpasses the nearby
A "technical report" means a report prepared and filed in accordance with this Instrument and Form 43-101F1 Technical Report, and includes, in summary form, all material scientific and technical information in respect of the subject property as of the effective date of the technical report;
4) Complete Preliminary Economic Assessment (PEA)
A PEA means a study, other than a pre-feasibility or feasibility study, that includes an economic analysis of the potential viability of mineral resources.
For more information on
On Behalf of the Board
“A. Paul Gill”
Director, Chief Executive Officer
We seek safe harbor.
Neither
Attachment
- Battery Materials Demand
Source:A. Paul Gill Lomiko Metals Inc. (TSX-V: LMR) 6047295312 apaulgill@lomiko.com
2020 GlobeNewswire, Inc., source