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LithiumBank Resources Corp. (TSXV: LBNK) (OTCQX: LBNKF) is a publicly traded lithium company focused on acquiring district-scale landholdings with prospective lithium brine geology in Western Canada. The company recently announced the acquisition of the Estevan lithium brine project in Saskatchewan, further enhancing its portfolio. With projects in Alberta and Saskatchewan, including the Boardwalk and Park Place initiatives, LithiumBank aims to efficiently de-risk assets and collaborate with major project developers to create shareholder value. The company's Direct Lithium Extraction technology and pilot plant in Calgary demonstrate its commitment to innovation and sustainability in the lithium industry.
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LithiumBank Resources Corp. (TSXV: LBNK) (OTCQX: LBNKF) held its Annual and Special Meetings of Shareholders on April 25, 2024, where all resolutions were approved. Shareholders reappointed the auditors, set the number of directors at five, elected five nominees as directors, approved a grant of incentive stock options, and ratified the Advance Notice Policy. The CEO expressed gratitude to shareholders and thanked Gianni Kovacevic for his service to the Board of Directors.
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LithiumBank Resources Corp. (LBNKF) announces its participation in upcoming investor conferences to connect with industry leaders, present progress updates, and explore collaboration opportunities. The Company will be attending the Capital Event Management Conferences in Scottsdale, Arizona on April 19th/21st, and the 2024 Energy Transition Metals Summit in Washington, DC on April 29th/30th, 2024.
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LithiumBank Resources Corp. provides updates on its lithium brine projects in Alberta and Saskatchewan, along with progress on its DLE technology and pilot plant. The company sold its Estevan project for CAD $15M to fund further developments. CEO Rob Shewchuk highlights the potential for value creation. The company plans to run DLE pilot campaigns with brine from various projects, focusing on optimizing lithium recovery rates. Boardwalk and Park Place projects show promising lithium resource estimates. Park Place collaboration with SLB aims to deliver initial mineral resource estimate by May 2024.
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LithiumBank Resources Corp. (LBNKF) announces the exercise of the Estevan lithium brine project purchase option for $15 million by a subsidiary of a public company. The company's value creation model and strategic land acquisitions are highlighted, with plans to advance other lithium projects in Alberta and Saskatchewan.
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LithiumBank Resources Corp. (LBNKF) announces the updated Preliminary Economic Assessment for the Boardwalk Lithium-Brine Project, incorporating G2L's DLE technology. The PEA highlights increased lithium recovery, production, and significant cost reductions. The project shows strong economics with a USD $3.7 Billion NPV8 and 25.0% IRR pre-tax. The Company aims to create value through derisking efforts and advancing its lithium projects.
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LithiumBank Resources Corp. has secured funding from Next Generation Manufacturing Canada to acquire and supply brine from its Boardwalk lithium project for use in advanced carbon sequestration cement products. The funding, part of a $2.76 million commitment, supports a collaborative project with four other companies to disrupt the construction industry by developing an advanced manufacturing solution for affordable, climate-adaptive, energy-efficient, and sustainable housing. The company expects to commence drilling at Boardwalk by May 2024 to obtain brine for the consortium and to support and upgrade the resource classification.
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LithiumBank Resources Corp. (LBNKF) has been named to the 2024 OTCQX Best 50, ranking 4th out of 50 companies based on 2023 total return and average daily dollar volume growth. The company aims to drive sustainable energy solutions, create long-term value for shareholders, and uphold corporate governance standards.
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LithiumBank Resources Corp. announces an updated Preliminary Economic Assessment for its Boardwalk Lithium Brine Project in Alberta, incorporating newly licensed continuous Direct Lithium Extraction technology. The update includes increased lithium recovery, higher production, reduced operational expenditures, and improved economic indicators. The Company's CEO and COO express satisfaction with the results, highlighting the positive impact of efficient DLE technology on the project.
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LithiumBank Resources Corp. (TSXV: LBNK) (OTCQX: LBNKF) has entered into an option agreement to grant the optionee the right to purchase one or more of the Company's three lithium brine projects in Saskatchewan, Canada. The optionee has paid a non-refundable deposit of $8 million and may exercise the options until March 31, 2024. The Company has terminated the asset purchase agreement with Pristine Lithium Corp. and has agreed to pay a cash finder's fee to Kepis & Pobe Financial Group Inc.
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LithiumBank Resources Corp. (TSXV: LBNK) (OTCQX: LBNKF) is pleased to announce that the G2L Greenview Resources Inc. Direct Lithium Extraction (DLE) pilot plant is now in transit to LithiumBank's Calgary facility. The facility will have capacity to process up to 10,000 L/d of brine and yield up to 3 kg/d LCE. The pilot plant has been constructed in Australia by Clean TeQ Water on the behalf of G2L and is based on G2L's Continuous Direct Lithium Extraction (cDLE®) technology. The facility will demonstrate the cost and process advantages of using common industrial reagents such as quicklime and sulfuric acid, with senior process engineers from G2L heading up the installation. The Calgary facility will represent one of the largest DLE pilot plants in North America, aiming for one of the industry's highest lithium recoveries.
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FAQ
What is the current stock price of LITHIUMBANK RES (LBNKF)?
The current stock price of LITHIUMBANK RES (LBNKF) is $0.2013 as of November 22, 2024.
What is the market cap of LITHIUMBANK RES (LBNKF)?
The market cap of LITHIUMBANK RES (LBNKF) is approximately 11.5M.
What is LithiumBank Resources Corp. focused on?
LithiumBank is focused on acquiring district-scale landholdings with prospective lithium brine geology in Western Canada.
What recent acquisition did LithiumBank announce?
LithiumBank recently acquired the Estevan lithium brine project in Saskatchewan, expanding its project portfolio.
What projects does LithiumBank have?
LithiumBank has projects in Alberta and Saskatchewan, including the Boardwalk and Park Place initiatives.
What technology does LithiumBank utilize?
LithiumBank utilizes Direct Lithium Extraction technology and operates a pilot plant in Calgary.
What is the goal of LithiumBank's projects?
LithiumBank aims to efficiently de-risk assets and collaborate with major project developers to create shareholder value.
Where is LithiumBank's focus in Western Canada?
LithiumBank's focus in Western Canada includes projects in Alberta and Saskatchewan.
How does LithiumBank demonstrate innovation?
LithiumBank's commitment to innovation is evident through its Direct Lithium Extraction technology and sustainability initiatives.
What sets LithiumBank apart in the lithium industry?
LithiumBank stands out in the lithium industry with its focus on sustainable practices and strategic partnerships.
What recent developments has LithiumBank made?
LithiumBank recently announced the acquisition of the Estevan lithium brine project in Saskatchewan, showcasing its growth.
How does LithiumBank create shareholder value?
LithiumBank creates shareholder value by de-risking assets, fostering collaborations, and implementing innovative technologies in the lithium sector.
LITHIUMBANK RES CORP
OTC:LBNKF
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