$LBNK.v to leverage DLE for fast lithium extraction. Lithium Bank’s (TSXV: LBNK) Boardwalk lithium bring project represents a unique opportunity for the company.
The contiguous 794,509 acre land package in west-central Alberta hosts 550 previously drilled oil and gas wells. This gives $LBNK.v the opportunity to access a plethora of data, and leverage existing oil and gas infrastructure on the property. By utilizing direct lithium extraction (DLE) the company will be able to have operations running in a fraction of the time compared to other lithium mines.
$LBNK.v has placed the total lithium carbonate equivalent present on the property at 5,973,000 tonnes. This represents an enormous opportunity to help fulfill North America’s EV and energy storage requirements.
The company is currently waiting on further brine sample results, which will increase the sample density within the known resource area. Definitely worth keeping an eye out for updates regarding this.
$LBNK.v is currently trading at $1.02, presently valued at CAD $37.91 million.
https://twitter.com/Lithium_Bank/status/1532060696279920640