Prices of lithium in China are close to a record high, reaching $70,610 per tonne, as supply disruptions create a gap from the high demand from the rapidly expanding EV market. Some estimates even place the market reaching $73,000 per tonne.
https://www.bnnbloomberg.ca/china-lithium-prices-near-record-as-power-cuts-squeeze-market-1.1809206.amp.html
Currently, NA lithium production accounts for less than 2% of global demand. With numerous geopolitical production concerns across the globe, it’s more important than ever to begin producing a steady supply of domestically produced NA lithium. But, many production methods are detrimental to the environment except for DLE (Direct Lithium Extraction). $LBNK.V is a company aiming to utilize this DLE technology to become a leading producer of NA lithium. And their flagship Boardwalk Lithium Project has already begun to show signs of promise.
- Spanning over 750k acres of land in Alberta as a previous oil and gas field has caused the property to have impressive infrastructures such as a four-lane road, gas plants, and well pads.
- Just under 6M tonnes of estimated lithium at an average grade of 67.1 mg/L (with previous sampling returning grades of 70+ mg/L).
- They’re currently working on the PEA alongside Hatch and is selecting the DLE technology that works the best for $LBNK.V’s strategy.
Overall, with the upcoming PEA, one of the highest inferred resource estimates on the market, and elevated lithium prices/demand for NA-produced lithium, $LBNK.V is one to watch at the current $35M valuation.