Continued Progress on the Boardwalk Project Lithium prices continue to rise and are continuing to show signs of further growth due to the rising demand outpacing supply. With companies continuing to develop new EVs and transforming their vehicle fleets to an electric-focused model, IMO future demand is still underestimated. And with the majority of lithium being shipped from Australia and South America, domestic lithium production holds far more potential for its use in battery production.
https://investingnews.com/amp/daniel-jimenez-room-lithium-prices-grow-2657762266
That's why I've been looking at $LBNK.V. They're a Canadian lithium company focused on bringing Direct Lithium Extraction (DLE) produced lithium to the battery market. Plus, due to DLE’s minimal environmental impact, the production method more closely aligns with ecological goals for consumers, companies, and governments. Now, why $LBNK.V?
- 3.2M in total land titles (760k at their flagship Boardwalk Project). And there's 5.97M tonnes of inferred lithium carbonate equivalent.
- A single well is expected to have production potential of over 1,100 m3/day, with the average lithium concentration being 67.1 mg/L (recent samples found average grades higher than the inferred estimate)
- Their position in Western Canada allows for better existing infrastructure access and a closer location to those who are demanding lithium.
$LBNK has also recently engaged with Hatch to complete a technological DLE assessment at the Boardwalk project. When completed, we should expect a PEA very soon. Overall, with only a 35M market cap and one of the highest inferred resource estimates on the market, there's significant room for growth as the company continues to move forward with their development.