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Bullboard - Stock Discussion Forum LithiumBank Resources Corp V.LBNK

Alternate Symbol(s):  V.LBNK.W | LBNKF

LithiumBank Resources Corp. is a Canada-based development company focused on lithium-enriched brine projects in Western Canada. The Company holds over 3.6 million acres of mineral titles, 3.33M acres in Alberta. The Company’s Boardwalk Lithium Brine Project is located in west-central Alberta, approximately 85 kilometers (km) east of the City of Grande Prairie and 270 km northwest of the City of... see more

TSXV:LBNK - Post Discussion

LithiumBank Resources Corp > Growing Lithium Prices and Demand
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Post by StockHawk1 on Sep 16, 2022 6:06pm

Growing Lithium Prices and Demand

With the growing demand for EVs, especially in the US and specifically California, Lithium prices are hitting new record highs. There is a big need for North American-sourced lithium. 

https://www.zerohedge.com/commodities/lithium-prices-hit-new-record-ev-affordability-concerns-mount 


LithiumBank Resources' (LBNK.V LBNKF) flagship project, Boardwalk Lithium is located in Alberta and has an inferred resource estimated at 1.122M tonnes of Elemental Lithium. 


With this, it has the potential to be North America's largest contiguous elemental lithium land package


I think that it is clear that demand for lithium is likely to go up going forward. By the time Boardwalk gets to the production phase we could see it become a major supplier of NA-sourced lithium IMO.


Today LBNK closed at $0.90, MC is 33.457M

 
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