VW to Build a Battery Plant in Canada Governments are trying to secure a steady lithium supply for themselves. North American production is especially important due to the US government trying to bring in more domestic manufacturing in addition to reducing supply chain difficulties significantly. Just remember, there’s only a single active producing mine in the entirety of the US, and with Volkswagen recently announcing a Canadian battery plant, we'll need a lot more Canadian/American lithium.
https://www.reuters.com/business/autos-transportation/volkswagen-build-first-north-american-battery-cell-plant-canada-2023-03-13/
$LBNK.V has been continuing to develop its assets as they continue to get closer to production. With the recently commenced Hydrogeological study to support the lithium resource estimate and future exploration at their South and Estevan projects.
- Grades at the properties range from 64 mg/L to 259 mg/L, so will be interesting to see the overall resource estimate once completed.
- The recently completed study at Park Place has made $LBNK.V the owners of the largest contiguous lithium brine project in North America.
- With the Boardwalk Project PEA expected to be completed very soon, we’re going to have a lot of upside as they plan on bringing DLE into their property which allows for high-grade production and minimal environmental cost.
Overall, $LBNK.V has been a top performer over the past few months as they continue to develop and build their properties. Considering their massive resources underground, the current $44M valuation might not reflect the full potential of their numerous high-grade properties.