UPDATE: Lomiko Jumps 9%; Enters Alliance Agreement for Graphene Super-Capacitor, Battery Applications

By MidnightTrader.com Staff,

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Lomiko Metals Inc (LMR.V)reports that the SUNY Research Foundation at Stony Brook University ( RF ), Graphene Laboratories, Inc. (Graphene Labs) and Lomiko Metals, Inc. have agreed to investigate novel, energy-focused applications for graphene.

Under its Strategic Alliance Agreement with Lomiko, Graphene Labs -- a leading graphene manufacturer -- will process graphite samples from Lomiko's Quatre Milles property into graphene. The Research Foundation, through Stony Brook University's Advanced Energy Research and Technology Center (AERTC) and the Center for Advanced Sensor Technology (Sensor CAT), will then examine the most efficient methods of using this graphene for energy storage applications. Lomiko cautioned that there is no certainty the proposed operation will be economically viable.

LMR was up 9% to 6 cents, moving closer to 52-week high 9 cents.

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This article appears in: Investing Commodities
Referenced Stocks: RF

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