Lithium shortages and supply crunches continue to persist as demand skyrockets across the globe. And this demand is mainly driven by the EV market. Now, imagine how much lithium we're going to need once we start to electrify other vehicles, such as boats and planes, rather than just cars. This is going to cause demand to nearly double over the next few years with no signs of slowing as governments incentivize the purchase of more renewable and sustainable options (plus sky-high gas prices across the world).
https://www.mining.com/lithium-price-jumps-to-fresh-all-time-high/
Alongside new lithium highs, $LBNK.V announced that the hydrogeological study and well network design at the Boardwalk project has been completed and is capable of high-volume lithium brine production. Here are some of the highlights from the PEA.
- The producing area of the PEA represents only 25% of the Leduc reservoir at Boardwalk.
- Results show potential for high-volume brine production over the assessment period of 20 years.
- Formations have been identified for re-injection of processed lithium barren brines to eliminate the possibility of dilution into the Leduc.
- The hydrogeology and well network design to be used in the PEA considers a 20-year period of production and is capable of a daily production rate of 250,000 cubic metres of brine.
https://ca.finance.yahoo.com/news/boardwalk-hydrogeology-capable-long-term-120000220.html
With $LBNK.V’s DLE lithium already being one of the most eco-friendly ways to produce lithium, the new results from the study solidify their position as a potential leader within the space due to the extremely large resource estimate. Definitely keep a close eye on continued developments here.