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LithiumBank Resources Corp V.LBNK

Alternate Symbol(s):  LBNKF | V.LBNK.WT

LithiumBank Resources Corp. is a Canada-based lithium company that is focused on developing and de-risking the portfolio of lithium brine assets in North America. The Company owns 100% of the 2,130,470 acres of brown-field brine hosted mineral licenses within Alberta and Saskatchewan. It is focused on developing its two projects, Boardwalk and Park Place, in Western Canada. The Boardwalk Property is in west-central Alberta, Canada, directly south and west of the town of Valleyview, approximately 85 km east of the city of Grande Prairie. The Property consists of 159,979 ha of 26 contiguous Brine Hosted Mineral Licenses (BHML) acquired directly through the Alberta government. The Park Place project is comprised of 565,851 ha contiguous of BHML acquired directly through the Alberta government. The Project is situated between Edson, Fox Creek, and Hinton, approximately 180 km west of Edmonton, and is approximately 50 km to the south of the Company’s Boardwalk lithium brine project.


TSXV:LBNK - Post by User

Post by partystockeron May 01, 2022 3:29pm
212 Views
Post# 34646173

Big Updates Expected From $LBNK.v

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. 


https://www.youtube.com/watch?v=eY9qbtoADSs

 
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