LithiumBank ($LBNK.V) recently began hydrogeological studies on their new Park Place lithium brine project located 180km east of Edmonton along the Trans-Canada Highway. The 1.3M acre property and the Leduc Carbonate Reef complex, and the Beaverhill Lake Group have historically been known to host the highest grades of lithium brine, with historical samples ranging from 76 mg/l to 130 mg/L. This could be a significant lithium project as it’s located just 20km south of Boardwalk, and management is planning on completing the 43-101 in Q4 with a PEA in Q2/23.
Now, with the Boardwalk PEA just around the corner, the lithium market continues to push all-time highs with no signs of slowing. With car companies and now many other vehicle types transitioning to electric, there will be a supply shortage in the market, which will create long-lasting high lithium prices for $LBNK.V to capitalize on. What makes $LBNK.V unique is their plan to use DLE extraction. This gives a competitive edge as it’s far more cost-efficient, faster to implement, and minimizes one of the largest concerns with lithium mining, the ecological footprint. This could mean that as part of green strategies, companies may be willing to pay a premium for $LBNK.V’s DLE-produced lithium.
https://investorintel.com/markets/technology-metals/technology-metals-intel/lithium-demand-is-poised-to-create-a-supercycle-of-supply-deficits-and-lasting-high-prices/?amp=1
Overall, with the upcoming PEA and rising lithium prices, the current $27M valuation could be something to keep an eye on as the company continues to develop and explore their lithium properties.