GBM to buy Lomiko, add Quebec graphite project
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GBM to buy Lomiko, add Quebec graphite project
Global Battery Materials agreed to buy developer Lomiko Metals (TSXV: LMR; US-OTC: LMRMF) in an all-share deal valued at about $11 million (US$7.9 million) that will give the private company... The post GBM to buy Lomiko, add Quebec graphite project appeared first on The Northern Miner.
The Toronto-based company Global Battery Materials, which specializes in battery materials, wants to get hold of Lomiko Metals for about $11 million. This acquisition would allow it to take control of the La Loutre graphite mine project in the Petite-Nation. The deal is to be approved by the shareholders of Lomiko Metals in September before being finalized. The new owner says he wants to continue the development of the project and work with loca…
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