Lomiko Metals Inc. ('Lomiko') (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) is focused on the exploration and development of flake graphite in Quebec for the new green economy.
Lomiko has been monitoring emerging legislation aimed at reducing North American dependence on Chinese supply of graphite and other electric vehicle battery materials. The US Geological Society 2020 report indicates that 100% of graphite anodes are currently imported to the United States as there are no domestic graphite mines able to produce the material used in Electric Vehicles.
Nomination of Jennifer Granholm as Secretary of Energy
Jennifer Granholm born in Vancouver, B.C., is Joe Biden's nominee to head the US Department of Energy (DOE). The DOE is responsible for developing and implement clean technologies needed to reach Biden's fossil fuel reduction targets. Ms. Granholm is passionately committed to decarbonizing the economy. Combined with a large budget economic plan, there is a clear indication that change to clean energy is the order of the day.
Biden aims to hit net-zero emissions by 2050 which is a goal shared by the Trudeau federal government in Canada and builds upon the Canada-US supply strategy agreement. Biden is well-regarded by the Canadian government on issues of mining and green energy. In January 2020, Canada and the U.S. announced they have finalized the Canada-U.S. Joint Action Plan on Critical Minerals Collaboration, advancing mutual interest in securing supply chains for the critical minerals needed for important manufacturing sectors, including communication, aerospace, defense, and clean technology.
Key Elements of Biden-Harris Platform on Clean Energy
The Biden administration will make a historic investment in clean energy and innovation, developing rigorous new fuel economy standards aimed at ensuring 100% of new sales for light- and medium-duty vehicles will be zero emissions and annual improvements for heavy-duty vehicles;
Biden will invest $400 billion over ten years, as one part of a broad mobilization of public investment, in clean energy and innovation and aims to create 10 million jobs in the process. The funds will accelerate the deployment of clean technology throughout the US. Biden also sets a target of reducing the carbon footprint of the U.S. building stock by 50% by 2035, creating incentives for deep retrofits that combine appliance electrification, efficiency, and on-site clean power generation. The new government will work with governors and mayors to support the deployment of more than 500,000 new public charging outlets by the end of 2030.
Further, the Biden 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. The President-elect also supports bipartisan efforts to foster a domestic supply chain for graphite, lithium, copper, rare earths, nickel, and other strategic materials that the United States imports from China and other countries, the sources said.
Contact:
A. Paul Gill
Tel: 6047295312
Email: apaulgill@lomiko.com
LOMIKO METALS INC. 
