Graphene Laboratories Inc. (“Graphene Labs”), announces a Strategic Alliance Agreement with the Canadian company LOMIKO METALS INC. (“Lomiko”) (TSX-V:LMR, OTC: LMRMF, Europe: ISIN: CA54163Q1028, WKN: A0Q9W7), which owns several resource properties containing high-grade graphite.
Graphene Labs is a privately held New York company currently providing graphene to thousands of scientists at leading institutions around the globe; this includes academic universities, National Laboratories in many countries, and a broad spectrum of industrial entities. Industrial clients include Fortune 500 companies involved in researching graphene and the development of graphene-related products.
Dr. Elena Polyakova, CEO/President of Graphene Labs, states: “As of today, Graphene Laboratories is a world leading manufacturer and supplier of graphene products to R&D markets. Our company has state-of-the-art equipment as well as an internationally recognized team of graphene experts. We have been experiencing an ever-increasing demand for large volumes of high quality graphene materials within the last year, and expect this trend to continue. In partnership with Lomiko, we will be well-positioned to address this challenge in a timely manner and to achieve market share in graphene production.”
A.Paul Gill, CEO and Director of Lomiko states: “With over 7000 graphene patents filed world-wide and billions of dollars spent on research by governments and private investors, graphene is well positioned to reshape many multi-billion dollar industries. Our alliance opens a door for investors in North America who are looking to take part in the Graphene Revolution.”
Scope of the Strategic Alliance
Lomiko and Graphene Labs agree to co-develop a vertically integrated supply chain that includes a secure supply of high-quality graphite, cost-effective and scalable processing, tight quality control and integration of graphene-based products in end-user products. The parties will capitalize on the secure supply of high quality graphite, provided by Lomiko, and the extensive customer database and expertise in graphene materials brought by Graphene Labs.
Lomiko will provide mineral samples from the Quatre Milles Project required for testing natural high quality flake graphite for graphene conversion over the two year Agreement.
Graphene Labs will develop a feasible procedure for the purification of flake graphite for use in graphene production, and will provide guidance on technologies tailored to the production of graphene and graphene-related materials.
The Agreement also calls for joint Research and Development, Public Relations efforts, and business and marketing strategy for end uses of the graphite and graphene products. Lomiko will also have the option to provide equity financing(s) to Graphene Labs on an exclusive basis for two years providing that it meets Graphene Labs funding criteria of raising at least $ 500,000 US Dollars within eight months of the agreement, 1,000,000 US Dollars within twelve (12) months and 2,000,000 US Dollars within eighteen (18) months. If the conditions are not met, Lomiko loses the exclusivity but keeps the right to participate in financings on a non-exclusive basis.
The Agreement is subject to approval by the TSX.