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 control of the La Loutre graphite project in Quebec. March PEALomiko's main asset is the La Loutre graphite project, one of the biggest flake graphite deposits in North America. Natural graphite is the dominant material used in lithium-ion battery anodes, and supply chain security is being increasingly prioritized as demand for battery materials accelerates. Beyond La Loutre, Lomiko controls a portfolio of early-stage graphite exploration properties in Quebec. GBM has agreed to lend Lomiko up to $800,000 to assist with funding working capital requirements until the deal closes.