There’s expected to be a lithium shortage moving into the future as demand for the resource greatly outweighs supply, especially with numerous governments across the globe creating EV mandates for companies to follow. With prices still at an elevated level relative to before the pandemic, the market opportunity in the industry still remains high despite recent price action.
https://ca.finance.yahoo.com/news/race-lithium-supplies-escalates-automakers-133800346.html
$LBNK.V is taking a slightly different approach relative to peers in the industry as instead of using huge salars and hard rock mining, they’re focusing on a direct lithium extraction (DLE) method, which is far quicker to implement, less harmful to the environment, and has a lower cost. With 3 district-scale projects under their belt, things are looking good as they continue to develop.
- Recently commenced a hydrogeological study at the South and Estevan projects in preparation for the upcoming resource estimate and to help plan for future exploration efforts.
- They’re also focusing on developing the Boardwalk and Park Place projects by further quantifying the mineral resources and completing financial models to be included in the upcoming PEA.
With their combined inferred resources being over 30M+ tonnes of LCE, they’re far more undervalued than almost every industry peer. Definitely, one to keep an eye on as they continue to rapidly develop and take advantage of the industry growth, especially as the US and Canadian governments look to manufacture more batteries and EVs domestically.