Big Updates Expected From $LBNK.v LithiumBank Resources (TSXV: LBNK) has some big updates to watch for this year.
The company is expected to complete sampling at Sturgeon Lake soon, which is likely to lead to an updated resource estimate around mid-2022. Additionally, $LBNK.v is preparing a preliminary economic assessment which is also targeted for mid-2022.
LithiumBank is utilizing Alberta’s existing oil and gas infrastructure by using 242 existing wells in order to estimate the lithium brine resource at Sturgeon Lake. This provides $LBNK.v with a rapid and low-cost method to extract and sample lithium-bearing brines that are naturally associated with petroleum.
The company also has many irons in the fire. With a combined total of 2.35 million acres in Alberta and 326,000 acres in Saskatchewan, the company’s project portfolio is extensive.
$LBNK.v is currently trading at $1.15 and is valued at $42.74 million.
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