LBNK.v crosses above the 50MA. Excitement is growing around Lithium Bank (TSXV: LBNK) after shares have begun to trade above the 50MA following a rebound from all-time lows. Share price has rebounded 38% from mid-July levels and is currently approaching a retest of the moving average.
The lithium market is continuing to heat up as demand for energy storage solutions rises. Lithium bank is currently progressing its Boardwalk Lithium Project, and recently engaged Hatch to design, test and manage all direct lithium extraction (DLE) programs at the project.
The results of a technology assessment performed by Hatch are expected to be used in preparing a NI 43-101 PEA in respect of the Boardwalk Project. This PEA is a key steppingstone towards the design of a commercial facility that LBNK anticipates will produce battery grade lithium chemical product.
LBNK.v is currently trading at $1, valued at $37.17 million.
https://ceo.ca/@globenewswire/lithiumbank-engages-hatch-to-test-boardwalk-lithium