Latest news with #anode
National Post
30-06-2025
- Business
- National Post
Lomiko Metals Announces Receipt of Province of Quebec Permits to Initiate the Bulk Sample Works at La Loutre Graphite Project and Update on Private Placement
Article content MONTREAL — Lomiko Metals Inc. (TSX.V: LMR) ('Lomiko' or the 'Company') is pleased to announce the receipt of the Autorisation pour travaux d'exploration à impacts ('ATI') for its planned 250-tonne bulk sample at La Loutre Graphite deposit. This bulk sample is an essential aspect of the ongoing research and development to scale up and confirm the process of producing anode material. The bulk sample work will be done in the fall, after the holiday and hunting seasons. Some noninvasive work and mapping will start through the summer. The Company will continue to provide transparent and full information and comply with ECOLOGO for all field work. Article content Article content Gordana Slepcev, CEO, President, and Director, stated: 'We are happy to announce that we have received the ATI permits to initiate the field and work on the 250 tonne bulk sample excavation and processing. The bulk sample will be used to start the work on the scaling up of the anode testing work and demonstrate on a larger scale the results already achieved in the lab-scale testing, showing positive results for use in anode battery technology. This work is supported by a contribution agreement for building Canadian expertise and processing capabilities in graphite. Graphite is one of the six priority critical minerals.' Article content In addition, Lomiko is presently in a permitting phase, as previously announced, to commence geotechnical site investigations with Ministère des Ressources naturelles et des Forêts ('MRNF'). All Canadian contractors have been announced, and Lomiko is proud to have retained the vast majority, and few exceptions, with Southern Quebec-based consulting and contractor team for the Pre-Feasibility Studies. See press releases dated April 24, 2025 and May 21, 2025, for details. Article content Lomiko will continue to engage with community members and remains open to answering questions via regular virtual meetings, the company's Facebook page and direct emails. The information sessions are published on the company's Facebook page and website. Article content Qualified Person Article content The technical content presented in this press release was reviewed and approved by Gordana Slepcev, who is the CEO & President of Lomiko Metals and acts as the 'Qualified Person' as that term is defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects. Article content nd Article content flow-through tranche, which closes June 30, 2025; details of which are disclosed in the Company's original press release dated April 1, 2025 Article content About Lomiko Metals Inc. Article content The Company holds mineral interests in its La Loutre graphite development in southern Quebec. The La Loutre project site is within the Kitigan Zibi Anishinabeg (KZA) First Nation's territory. The KZA First Nation is part of the Algonquin Nation, and the KZA traditional territory is situated within the Outaouais and Laurentides regions. Located 180 kilometers northwest of Montreal, the property consists of one large, continuous block with 76 mineral claims totaling 4,528 hectares (45.3 km2). Article content The Property is underlain by rocks from the Grenville Province of the Precambrian Canadian Shield. The Grenville was formed under conditions that were very favorable for the development of coarse-grained, flake-type graphite mineralization from organic-rich material during high-temperature metamorphism. Article content Lomiko Metals published an updated Mineral Resource Estimate (MRE) in a NI 43-101 Technical Report and Mineral Resource Estimate Update for the La Loutre Project, Quebec, Canada, prepared by InnovExplo on May 11th, 2023, which estimated 64.7 million tonnes of Indicated Mineral Resources averaging 4.59% Cg per tonne for 3.0 million tonnes of graphite, a tonnage increase of 184%. Indicated Mineral Resources increased by 41.5 million tonnes as a result of the 2022 drilling campaign, from 17.5 million tonnes in 2021 MRE with additional Mineral resources reported down-dip and within marble units resulted in the addition of 17.5 million tonnes of Inferred Mineral Resources averaging 3.51% Cg per tonne for 0.65 million tonnes of contained graphite; and the additional 13,107 metres of infill drilling in 79 holes completed in 2022 combined with the refinement of the deposit and structural models contributed to the addition of most of the Inferred Mineral Resources to the Indicated Mineral Resource category, relative to the 2021 Mineral Resource Estimate. The MRE assumes a US$1,098.07 per tonne graphite price and a cut-off grade of 1.50% Cg (graphitic carbon). The independent and qualified persons for the mineral resource estimate, as defined by NI 43 101, are Marina Iund, (InnovExplo Inc.), Martin Perron, (InnovExplo Inc.)., Simon Boudreau, (InnovExplo Inc.). and Pierre Roy, (Soutex Inc.). The effective date of the estimate is May 11, 2023. The Company also holds interest in seven early-stage projects in southern Quebec, including Ruisseau, Tremblant, Meloche, Boyd, Dieppe, North Low and Carmin, covering 328 claims in total on 7 early-stage projects covering 18,622 hectares in the Laurentian region of Quebec and within KZA territory. Article content The stage graphite portfolio consists of 328 claims in total on seven early-stage projects covering 18,622 hectares in southern Quebec. The grades presented below for the Laurentides graphite portfolio were press-released on January 7 th, 2025. ( Ruisseau – grades up to 27.9 percent carbon graphite ('% Cg') from four distinct high grade mineralized zones that are over 3km long; Meloche – grades up to 13.3% Cg from two distinct mineralized clusters; Tremblant – grades up to 11.6% Cg from numerous, widespread spot anomalies; and Dieppe – grades up to 6.82% Cg from numerous, widespread spot anomalies and a distinct mineralized cluster. Boyd – 8 samples grades range from 5.61% Cg to 17.10 %Cg with all samples above 5.00% Cg. The technical content regarding the exploration results presented was reviewed by Mark Fekete, who acts as an independent consultant to the Company and is the Qualified Person. In addition to La Loutre, Lomiko has earned a 49% stake in the Bourier Project from Critical Elements Lithium Corporation as per the option agreement announced on April 27 th, 2021. The Bourier project site is located near Nemaska Lithium and Critical Elements south-east of the Eeyou Istchee James Bay territory in Quebec, which consists of 203 claims for a total ground position of 10,252.20 hectares (102.52 km2), in Canada's lithium triangle near the James Bay region of Quebec that has historically housed lithium deposits and mineralization trends. Article content The Yellow Fox Property is located approximately 10 km southwest of the Town of Glenwood NL, and south of the Trans-Canada Highway. The Property occurs within NTS map sheets 02D/14 and 15 with excellent access along several logging and skidder roads originating from Glenwood. The main Yellow Fox showing is located in the central part of License 027536M, 5km from the western end of Gander Lake. Article content This property is on the same trend as the past-producing antimony mine Beaver Brook, which is located 25km southwest of the property. Yellow Fox is an early-stage exploration property prospective in antimony, gold, and silver where historic works returned samples anomalous in gold (Au), antimony (Sb), lead (Pb), zinc (Zn), and silver (Ag). The trenching exposed the rocks, resulting in grab samples to 59.43g/t Au, 11.10% Sb, 7.00% Zn, 72.90g/t Ag, and 5.50% Pb in arsenopyrite-stibnite veins within altered monzogranite. (See Metals Creek assessment report at Article content Lomiko QP relied on the information provided by Metals Creek. Metals Creek QP is Wayne Reid is registered in Newfoundland. Article content This news release contains 'forward-looking information' within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Company; and any other information herein that is not a historical fact may be 'forward-looking information' ('FLI'). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include words such as 'anticipates', 'plans', 'continues', 'estimates', 'expects', 'may', 'will', 'projects', 'predicts', 'proposes', 'potential', 'target', 'implement', 'scheduled', 'intends', 'could', 'might', 'should', 'believe' and similar words or expressions. FLI in this new release includes, but is not limited to: the total gross proceeds of the Offering, the use of proceeds of the Offering, the timing and successful completion of the Offering; the Company's ability to successfully fund, or remain fully funded for the implementation of its business strategy and for exploration of any of its projects (including from the capital markets);, and the expected timing of announcements in this regard. FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. Article content The FLI in this news release reflects the Company's current views about future events, and while considered reasonable by the Company at this time, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation: the Company's, ability to implement its overall business strategy and to fund, explore, advance and develop each of its projects, including results therefrom and timing thereof, the impact of increasing competition in the mineral exploration business, including the Company's competitive position in the industry, and general economic conditions, including in relation to currency controls and interest rate fluctuations. Article content The FLI contained in this news release are expressly qualified in their entirety by this cautionary statement, the 'Forward-Looking Statements' section contained in the Company's most recent management's discussion and analysis (MD&A), which is available on SEDAR+ at All FLI in this news release are made as of the date of this news release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such forward-looking information. The Company does not undertake to update or revise any forward-looking information contained herein to reflect new events or circumstances, except as may be required by applicable securities laws. Article content Article content Article content Article content Article content
Globe and Mail
04-06-2025
- Business
- Globe and Mail
Graphite One and Lucid Enter into Second Non-Binding Supply Agreement
Agreement involves Natural Graphite Material; complements existing 2024 agreement covering Synthetic Anode Active Materials Follows Graphite One's listing on U.S. Federal Fast-41 Permitting Dashboard and completion of its NI 43-101 compliant Feasibility Study funded by a $37.3 million Department of Defense award under the Defense Production Act Graphite One CEO, Anthony Huston : "This Agreement makes Graphite One the only company to date to provide both natural and synthetic graphite materials required for battery anodes to a U.S. EV company." VANCOUVER, BC , June 4, 2025 /CNW/ - Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) (" Graphite One", or the " Company"), is pleased to announce that as part of its plan to build a complete U.S. supply chain for advanced graphite materials, the Company has entered into a second non-binding supply agreement (the " Supply Agreement") for anode active materials (" AAM") with Lucid Group, Inc. (NASDAQ: LCID) (" Lucid"), maker of the world's most advanced electric vehicles. Whereas the previous agreement announced in July 2024 involved synthetic graphite AAM, the agreement announced today covers natural graphite AAM which will be supplied to Lucid and its battery cell suppliers for use in future vehicles. "This agreement complements the deal we struck with Lucid in 2024 – which marked the first synthetic graphite agreement between a U.S. graphite developer and a U.S. EV company. We made history then – and we're continuing to make history now, as the deal makes Graphite One the only company to date to provide both natural and synthetic graphite materials required for battery anodes to a U.S. EV company," said Graphite One CEO Anthony Huston . "From Presidential Executive Orders to increase mineral resource production and leveraging Alaska's resource potential, to the recent inclusion of our Company on the Federal Fast-41 Permitting Dashboard -- we are building momentum for our efforts to develop a fully domestic graphite supply chain, to meet market demands and strengthen U.S. industry and national defense." "A supply chain of critical materials within the United States drives our nation's economy, increases our independence against outside factors or market dynamics, and supports our efforts to reduce the carbon footprint of our vehicles," said Marc Winterhoff , Interim CEO at Lucid. "This partnership is another example of our commitment to powering American innovation and manufacturing with localized supply chains." The Supply Agreement follows publication of Graphite One's feasibility study prepared in accordance with National Instrument 43-101 this spring, which with the support of Defense Production Act Title III funding, was completed 15 months ahead of schedule and showed a tripling of the Company's proven and probable reserves. Graphite One's domestic graphite supply chain is planned to produce graphite concentrate from the Graphite Creek deposit North of Nome, Alaska and AAM at a facility to be constructed in Warren, Ohio , subject to financing. Terms of the Supply Agreement The Supply Agreement is non-binding and commences once the Company begins production of natural graphite. The initial term is for 5 years, subject to earlier termination. Sales are based on a price formula agreeable to both parties. The Supply Agreement is subject to other terms, conditions and termination rights standard for an agreement of this nature. About Lucid Lucid (NASDAQ: LCID) is a Silicon Valley-based technology company focused on creating the most advanced EVs in the world. The award-winning Lucid Air and new Lucid Gravity deliver best-in-class performance, sophisticated design, expansive interior space and unrivaled energy efficiency. Lucid assembles both vehicles in its state-of-the-art, vertically integrated factory in Arizona . Through its industry-leading technology and innovations, Lucid is advancing the state-of-the-art of EV technology for the benefit of all. Graphite One's Domestic Supply Chain Strategy With the United States currently 100 percent import dependent for synthetic and natural graphite, Graphite One is developing a complete U.S.-based, advanced graphite supply chain solution anchored by the Graphite Creek deposit, recognized by the US Geological Survey as the largest graphite deposit in the U.S. "and among the largest in the world." The Graphite One Project plan includes building an advanced graphite material and battery anode material manufacturing plant located in Warren, Ohio . The plan also includes a recycling facility to reclaim graphite and the other battery materials, to be co-located at the Ohio site, the third link in Graphite One's circular economy strategy. About Graphite One Inc. GRAPHITE ONE INC. (TSXV: GPH) (OTCQX: GPHOF) continues to develop its Graphite One Project (the " Project"), with the goal of becoming an American producer of high grade anode materials that is integrated with a domestic graphite resource. The Project is proposed as a vertically integrated enterprise to mine, process and manufacture high grade anode materials primarily for the lithium‐ion electric vehicle battery market. On Behalf of the Board of Directors "Anthony Huston" (signed) For more information on Graphite One Inc., please visit the Company's website, X @GraphiteOne Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Statements All statements in this release, other than statements of historical facts, including those related to entering into future binding arrangements between Lucid and Graphite One, the anticipated benefits of the relationship between Lucid and Graphite One., future production, establishment of a processing plant and a graphite manufacturing plant, completion of project financing, establishment of a battery materials recycling facility, and events or developments that the Company intends, expects, plans, or proposes are forward-looking statements. Generally, forward ‐ looking information can be identified by the use of forward ‐ looking terminology such as "proposes", "expects", "is expected", "scheduled", "estimates", "projects", "plans", "is planning", "intends", "assumes", "believes", "indicates", "to be" or variations of such words and phrases that state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". The Company cautions that there is no certainty that the Company will enter into a definitive agreement with Lucid and even if the Company does enter into such arrangement, that the anticipated outcomes will result. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this press release, and the Company undertakes no obligation to update publicly or revise any forward-looking information, except as required by applicable securities laws. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at
Trade Arabia
20-05-2025
- Business
- Trade Arabia
EGA, Sunstone to set up anode manufacturing plant in Abu Dhabi
Emirates Global Aluminium (EGA) and Sunstone, an independent pre-baked anode producer from China, have signed a Joint Development Agreement at the Make it in the Emirates (MIITE) to progress the development of an anode manufacturing plant in Abu Dhabi. Anodes are required in the smelting of aluminium. EGA produces some 1.35 million tonnes of anodes every year at its own plants in Jebel Ali and Al Taweelah, and the remainder of the company's needs are currently imported, said the company in a statement. The new anode manufacturing facility in Khalifa Economic Zone Abu Dhabi would have a capacity of 300 thousand tonnes of anodes per year, replacing most of EGA's imports and potentially making the UAE only the second country in the world after China to export anodes globally. The agreement was signed by Abdulnasser Bin Kalban, Chief Executive Officer of EGA, and Lang Guanghui, Chairman of Sunstone. Within the mandate to attract and enable high-impact investments in Abu Dhabi, Abu Dhabi Investment Office (ADIO) has played an important role to enable Sunstone's entry into the Abu Dhabi market, which includes Sunstone benefiting from ADIO's energy and land support programs, which are key initiatives in Abu Dhabi's industrial strategy. Bin Kalban said: "This project will enable EGA to further increase our contribution to Make it in the Emirates, by localising the manufacture of a key raw material for our process here in the UAE as well as potentially supplying other aluminium smelters in the region and beyond." "In our supply chain, EGA already spends more than AED 8 billion each year on goods and services locally, which is around 40 per cent of our total global spend. Our goal is to progressively increase that proportion, to further spur the development of UAE industry," he noted. Guanghui said: "The UAE's 'Make it in the Emirates' initiative, combined with the support from Abu Dhabi government partners, has created an ideal environment for industrial growth. Establishing Sunstone's first plant outside China in partnership with EGA marks a pivotal milestone in our global expansion." "We are confident that this collaboration can set a new benchmark for excellence in anode manufacturing. Together, we are poised to deliver long-term value to the UAE's industrial ecosystem and the global aluminium industry," he noted. Mohammad Ali Al Kamali, Chief Trade and Industry Officer at ADIO, said: "Sunstone's new Abu Dhabi facility, marking the company's first expansion outside of China, reflects the strength of our industrial ecosystem and the emirate's ability to attract global leaders across critical supply chains." "Through ADIO's comprehensive efforts, we are proud to enable partnerships that create new domestic supply, deepen local capabilities, drive innovation and advance Abu Dhabi's position as a global hub for industrial excellence," he noted. EGA and Sunstone have already completed a feasibility study for the project, which the two companies intend to develop in a joint venture with Sunstone owning a 55 per cent shareholding and EGA a 45 per cent shareholding.
Zawya
19-05-2025
- Business
- Zawya
EGA and Sunstone sign a Joint Development Agreement at Make it in the Emirates Forum
Abu Dhabi, United Arab Emirates: Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, and Sunstone, the world's largest independent pre-baked anode producer from China, today signed a Joint Development Agreement at the Make it in the Emirates Forum 2025 to progress the development of an anode manufacturing plant in Abu Dhabi. The agreement was signed in by Abdulnasser Bin Kalban, Chief Executive Officer of EGA, and Lang Guanghui, Chairman of Sunstone. Anodes are required in the smelting of aluminium. EGA produces some 1.35 million tonnes of anodes every year at its own plants in Jebel Ali and Al Taweelah, and the remainder of the company's need is currently imported. The new anode manufacturing facility in Khalifa Economic Zone Abu Dhabi would have a capacity of 300 thousand tonnes of anodes per year, replacing most of EGA's imports and potentially making the UAE only the second country in the world after China to export anodes globally. Within the mandate to attract and enable high-impact investments in Abu Dhabi, Abu Dhabi Investment Office (ADIO) has played an important role to enable Sunstone's entry into the Abu Dhabi market, which includes Sunstone benefiting from ADIO's energy and land support programs, which are key initiatives in Abu Dhabi's industrial strategy. Abdulnasser Bin Kalban, Chief Executive Officer of EGA, said: 'This project will enable EGA to further increase our contribution to Make it in the Emirates, by localising the manufacture of a key raw material for our process here in the UAE as well as potentially supplying other aluminium smelters in the region and beyond. In our supply chain, EGA already spends more than AED 8 billion each year on goods and services locally, which is around 40 per cent of our total global spend. Our goal is to progressively increase that proportion, to further spur the development of UAE industry.' Lang Guanghui, Chairman of Sunstone, said: 'The UAE's 'Make it in the Emirates' initiative, combined with the support from Abu Dhabi government partners, has created an ideal environment for industrial growth. Establishing Sunstone's first plant outside China in partnership with EGA marks a pivotal milestone in our global expansion. We are confident that this collaboration can set a new benchmark for excellence in anode manufacturing. Together, we are poised to deliver long-term value to the UAE's industrial ecosystem and the global aluminium industry.' Mohammad Ali Al Kamali, Chief Trade and Industry Officer at ADIO, said: 'Sunstone's new Abu Dhabi facility, marking the company's first expansion outside of China, reflects the strength of our industrial ecosystem and the Emirate's ability to attract global leaders across critical supply chains. Through ADIO's comprehensive efforts, we are proud to enable partnerships that create new domestic supply, deepen local capabilities, drive innovation and advance Abu Dhabi's position as a global hub for industrial excellence.' EGA and Sunstone have already completed a feasibility study for the project, which the two companies intend to develop in a joint venture with Sunstone owning a 55 per cent shareholding and EGA a 45 per cent shareholding. Construction of the new anode manufacturing facility is expected to begin during 2026, with first production reached as early as 2028.
