Lithium has been in extremely high demand over the past few years and that demand is only expected to continue. The Argentinian government recently stated that mining exports had hit a 10-year high due to the demand for lithium, as exports surged 234% in 2022 with no sign of a slowing trend. And with more battery plants set to be opened, such as the Volkswagen plant planned for Ontario, we’re going to need a lot more lithium.
https://www.reuters.com/markets/commodities/argentine-mining-exports-hit-10-year-high-lithium-evs-take-off-2023-03-21/
With a ton of continued development, $LBNK.V is one of my favourites in the exploration stage lithium industry for a number of reasons.
- One of the fastest developing companies, as their management is working hard to meet their goals.
- Upcoming PEA and NI 43-101s are expected this year as they continue their hydrogeological studies and compile data.
- Some of the best flagship projects, with their Boardwalk and Park Place projects being host to the largest lithium-rich brine project by volume in North America.
Considering the current $42M valuation, it definitely places them in an interesting position considering that peers in the industry with nowhere near the lithium under $LBNK.V’s properties and are also far behind in development are valued higher. This is definitely a company to keep on the watchlist here as they continue to pursue DLE production.