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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 Justdosomeddon Aug 04, 2022 1:57pm
60 Views
Post# 34871659

Preparing for the Upcoming PEA

Preparing for the Upcoming PEA
Lithium demand is set to outpace supply for the foreseeable future as not only car companies make the transition to electric, but nearly all transportation industries are looking into developing some form of electric vehicle. This lack of supply, especially produced in NA, provides a huge market opportunity for green and domestically produced lithium. That's where $LBNK comes in, with one of the largest lithium-focused Canadian land packages spanning 3.2M acres in Alberta and Saskatchewan. This gives $LBNK.V access to both a stable and secure government and access to existing infrastructure.
 
Additionally, with the focus on DLE, the ecological damage will be minimized compared to other methods of lithium extraction such as open pit and salar fields. With one of the biggest concerns about batteries being the ESG footprint, DLE could provide a far better alternative. Now there are a few things to look out for from $LBNK.V here.
 
- Upcoming PEA after Hatch decides on the optimal DLE technology to be used at the Boardwalk Project.
- Continued sample results as the most recent sampling returned higher than expected/average results.
- Resource estimates from their smaller projects such as Kindersley, Estevan, and the South Property.
 
Overall, $LBNK.V has the highest potential out of all competitors in the DLE industry due to their low valuation of only $30M and the 5.97M inferred resource estimate. Batteries aren't going anywhere anytime soon, so lithium is always going to be an essential resource across the globe.
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