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LITHIUMBANK RES CORP - LBNKF STOCK NEWS

Welcome to our dedicated page for LITHIUMBANK RES news (Ticker: LBNKF), a resource for investors and traders seeking the latest updates and insights on LITHIUMBANK RES stock.

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.

News

LithiumBank Reports >3,000 mg/L Lithium and >98% Recovery from Direct Lithium Extraction Test Work

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LithiumBank Resources Corp. (LBNK) announces successful results from bench-scale G2L Greenview Resources Inc. DLE test work on brine from its Boardwalk Lithium Brine Project. The project, located in west-central Alberta, Canada, achieved over 98% recovery of lithium, produced the highest purity concentrated lithium solution, and reduced impurities by over 90%. The G2L DLE process also resulted in a 40-fold increase in lithium concentration from the feedstock and a 40-fold volume reduction of brine post-processing. The results are anticipated to be included in an updated Boardwalk PEA expected in late 2023, with pilot plant testing to commence in Q1 2024.
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LithiumBank Provides Pilot Plant Update

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LithiumBank Resources Corp. (TSX-V: LBNK) (OTCQX: LBNKF) provides a progress update on the commissioning of its continuous Direct Lithium Extraction (cDLETM) pilot plant. The exclusive licensing agreement with G2L Greenview Resources Inc. will enable the testing of G2L’s DLE technology at reservoir temperatures at a rate of up to 10,000 L per day, de-risking the commercial design and unlocking the value of LithiumBank’s multi-district portfolio of direct brine assets. The pilot plant is expected to be reassembled at the Company’s facility for piloting in Q1 2024 after undergoing modifications in Australia. Initial testing has identified process parameters that can be improved with the inclusion of Licensed Technology, which is anticipated to positively impact project economics.
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LithiumBank Announces Intellectual Property License Agreement with G2L Greenview Resources Inc. for Direct Lithium Extraction Technology, Pilot Plant Testing and Commercialization

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LithiumBank enters into an intellectual property license agreement with G2L Greenview Resources Inc., providing exclusive access to DLE technology in Alberta and Saskatchewan. Preliminary testing shows potential cost reduction and improved lithium recovery. G2L will ship a pilot plant with a capacity of 8,000 to 10,000 L/day to Alberta. An updated Boardwalk PEA will be released in late Q4 2023. In consideration for the License, LithiumBank will issue up to 14,000,000 common shares to G2L. Access to the pilot plant will accelerate test work and feasibility studies for LithiumBank's projects. The licensing agreement is expected to have a significant impact on the economics of the Alberta projects.
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LithiumBank Engages SLB to Conduct Subsurface Reservoir Modelling for Resource Estimation at Park Place Lithium Brine Project, West-Central Alberta

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LithiumBank engages SLB for reservoir modelling at Park Place lithium brine project in Alberta, results expected in 90 days. Park Place Project reported as largest lithium-rich brine project in North America. Leduc Formation measures up to 350m in thickness. Positive for LithiumBank's future engineering and production designs.
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LithiumBank Receives Conditional Acceptance from the TSX Venture Exchange for its Sale of Saskatchewan Projects to Pristine Lithium Corp.

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LithiumBank Resources Corp. provides update on proposed sale of lithium brine projects to Pristine Lithium Corp.
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LithiumBank Announces Sale of Saskatchewan Projects to Pristine Lithium Corp.

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LithiumBank Files Preliminary Economic Assessment Technical Report for the Boardwalk Lithium Brine Project, West-Central Alberta

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LithiumBank Reports US$2.7 Billion Pre Tax NPV From Preliminary Economic Assessment on a 31,350 TPA LHM Operation at Boardwalk Lithium Brine Project, Alberta, Canada

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LithiumBank Appoints Strategy and M&A Executive Formerly at Shell, Citigroup and McKinsey Ekaterina Zotova as New Director and Announces AGM Results

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LithiumBank Signs MoU With ZS2 Technologies to Capture and Permanently Sequester CO₂ and Co-Produce Magnesium and Calcium From Boardwalk Brine

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LithiumBank Resources Corp. (LBNKF) announced a Memorandum of Understanding (MoU) with ZS2 Technologies to implement CO2 Direct-Air-Capture (DAC) technology at its Boardwalk and Park Place projects in Alberta. The partnership aims to capture up to 100% of CO2 emissions from the power facility and co-produce magnesium and calcium from treated brine. Key highlights include plans for a processing facility to generate low-carbon cement products and the potential to reduce brine reinjection requirements by 10%. LithiumBank will supply 25,000 cubic meters of brine annually and support joint funding opportunities, enhancing both economic and environmental outcomes. This collaboration positions LithiumBank as a leader in the carbon-neutral lithium production sector, aligning with its sustainability goals.

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FAQ

What is the current stock price of LITHIUMBANK RES (LBNKF)?

The current stock price of LITHIUMBANK RES (LBNKF) is $0.2995 as of October 15, 2024.

What is the market cap of LITHIUMBANK RES (LBNKF)?

The market cap of LITHIUMBANK RES (LBNKF) is approximately 13.9M.

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.

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