Upcoming PEA + New US Climate Action Bill According to a new report, lithium demand is expected to double by 2030 due to exponential EV growth. For example, Mercedes is planning to shift to an all-electric fleet by 2030, Ford is expecting a run rate of 600k EVs by the end of this year and 2M by 2026, and even Genesis will transition to an all-electric fleet by 2025. This, coupled with the new $370B Climate Action bill that will help incentivize both manufacturers and consumers to purchase EV vehicles which, will lead to the exponential demand for North American-produced lithium.
https://electrek.co/2022/08/11/soaring-ev-demand-pushes-lithium-market-double-2030/amp/
Now, $LBNK.V is especially positioned to take advantage of this growth due to their flagship boardwalk project located in Alberta. And besides the upcoming PEA expected in September, there’s a few things to keep an eye on here.
- Engaged with Hatch to determine which DLE technology to use for extraction (far better for the environment compared to other types of lithium mining).
- Close proximity to Grand Prairie and has good infrastructure due to its past as an oil and gas field.
- The Sturgeon Lake Leduc formation Li-brine inferred resource is globally estimated at 1,122,000 tonnes, while the global inferred mineral resource is 5,973,000 tonnes LCE at an average grade of 67.1 mg/L.
Overall, considering the $35.7M market cap and upcoming PEA report, there is a lot of upside potential here. Definitely keep a close eye out for any future developments as they continue to progress with exploration efforts.