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LithiumBank Resources Corp. reports developments tied to lithium-enriched brine projects in Western Canada. Company updates center on the 100% owned Boardwalk Lithium Brine Project in Alberta, including brine sampling, well ownership and reservoir work, Direct Lithium Extraction processing, and technical programs conducted under NI 43-101 mineral disclosure standards.
Recurring news also covers the Park Place Lithium Brine Project, brine-hosted mineral licence holdings, lithium carbonate equivalent resource estimates, non-dilutive project funding from Emissions Reduction Alberta, development agreements for modular DLE technology, and shareholder meeting results.
LithiumBank (OTCQX:LBNKF, TSXV:LBNK) reported results of its Annual and Special Meeting of Shareholders held on May 28, 2026. All resolutions were approved, including auditor reappointment, board elections, and a new option plan.
About 11,985,270 shares, or 17.6% of outstanding shares, were voted.
LithiumBank (OTCQX:LBNKF) has started a Feasibility Study and FEED with SLB for its 100%-owned Boardwalk lithium brine project in Alberta. The work targets an initial modular development of up to 10,000 tpa lithium carbonate, building on a 2024 PEA with a pre-tax NPV(8%) of ~US$3.7B and operating costs of US$4,588/t LCE.
Pilot DLE testing with SLB showed up to 95% lithium recovery and >99% impurity rejection. Boardwalk hosts 5.2 Mt measured and indicated and 2.8 Mt inferred LCE resources. Up to $3.9M non-dilutive ERA funding supports the program, with a potential path to commercial production as early as 2029.
LithiumBank (OTCQX: LBNKF) completed collection of 150 cubic metres of bulk brine from its 10-6 well at the Boardwalk lithium brine project between March 21 and April 8, 2026. Samples were taken hourly, sent to AGAT and an umpire lab, and QA/QC was overseen by a Qualified Person on site.
The company modified Milestone 1 under an ERA funding agreement: eligible reimbursement is now 50% up to $1.6M (reduced from $2.5M) with the shortfall moved to Milestone 3; total ERA funding remains $3.9M. Plans include DLE testing, conversion to lithium carbonate, and further reservoir work.
LithiumBank (OTCQX: LBNKF) has completed the well license transfer for suspended well 1-12 at its 100% owned Boardwalk project in northwest Alberta and now holds 100% ownership. The company plans to re-enter and deepen 1-12 through the Leduc formation to support reservoir testing, brine collection and DLE testwork.
The acquisition supports a Development Agreement with a Leading Energy Services and Technology Supplier for licensed modular DLE, targets project execution in 2027, and helps unlock up to CAD $3.9M of provincial ERA funding (50% reimbursement across three milestones).
LithiumBank (OTCQX:LBNKF / TSXV:LBNK) signed a Development Agreement dated December 21, 2025 with a leading energy services and technology supplier to advance the Boardwalk lithium brine project toward commercial production targeted for 2027. The DA includes licensed modular Direct Lithium Extraction (DLE) technology, a feasibility study, FEED, and EPC work; two initial DLE modules are envisioned for up to 10,000 tpa LCE. The company expects a feasibility study in 2026. Alberta's Emissions Reduction Alberta will fund up to $3.9M (refunding up to 50% per milestone) for well work, concentration/conversion testing of 114,320 L raw brine, and the feasibility study. Boardwalk's NI 43-101 reports Indicated 5.2M tonnes LCE and Inferred 2.8M tonnes LCE (effective Feb 20, 2025).
LithiumBank (OTCQX: LBNKF) began acquiring a second suspended, past-producing well at the 100% owned Boardwalk Lithium Brine Project to support near-term lithium-brine production and to unlock CAD $3.9M of funding from Alberta's Emissions Reduction Act (ERA).
The company will pursue modular Direct Lithium Extraction (DLE) using existing oil-and-gas infrastructure, aims to complete DLE testing and an NI 43-101 Feasibility Study by end-2026, and expects the ERA to reimburse 50% of eligible costs across three milestones.
LithiumBank Resources (OTCQX:LBNKF) has secured CAD $3.9 million in non-dilutive funding from Emissions Reduction Alberta (ERA) to advance its Boardwalk Lithium Brine Project in west-central Alberta. The ERA Program will refund 50% of eligible expenditures for completed milestones.
The funding will support three key initiatives: completing an additional drill hole through the Leduc formation reservoir, conducting extended Direct Lithium Extraction (DLE) testing, and completing a Feasibility Study focusing on a modular approach to lithium production. These tasks are expected to be completed by the end of 2026.
LithiumBank has consolidated all strategic Brine Hosted Mineral Licenses at Boardwalk and Park Place, making it the largest known holder of lithium brine resources in North America. Both projects report the highest-grade resource estimates in Alberta and are unrestricted by overlapping pore space or carbon sequestration permits.
LithiumBank Resources held its Annual and Special Meeting of Shareholders on April 30, 2025, with all proposed resolutions successfully approved. The meeting saw participation from shareholders representing 19.70% of the company's outstanding shares, with 9,827,931 common shares voted.
Key approved resolutions include:
- Reappointment of Davidson & Company LLP as auditors
- Setting the board size at five directors
- Election of board members: Robert Shewchuk, Steven Piepgrass, Christopher Murray, Ekaterina Zotova, and Paul Matysek
- Approval for re-pricing of previously granted stock options
The company, focused on lithium-enriched brine projects in Western Canada, maintains transparency with detailed resolution information available on their website. CEO Rob Shewchuk expressed gratitude to shareholders for their participation and continued support.
LithiumBank Resources (TSXV: LBNK) (OTCQX: LBNKF), a lithium development company focused on Western Canada's brine projects, has successfully concluded its Annual and Special Meeting of Shareholders with all resolutions approved.
Key highlights from the meeting include:
- Shareholder participation: 9,827,931 common shares voted (19.70% of outstanding shares)
- Davidson & Company LLP reappointed as auditors
- Board of directors set at five members, with Robert Shewchuk, Steven Piepgrass, Christopher Murray, Ekaterina Zotova, and Paul Matysek elected
- Approval of Re-Pricing of Previously Granted Stock Options
CEO Rob Shewchuk expressed gratitude to shareholders for their participation and continued support. Detailed information about all resolutions is available on the company's website.