LithiumBank Resources Corp V.LBNK

LBNK significantly increases land position to 3.77M acres

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LithiumBank ($LBNK.v $LBNKF) has increased its lithium-brine land position by over 530,000 acres in Alberta and Saskatchewan with a strategic focus on Fox Creek, Leduc reef area!

The permits were acquired directly from the government of Alberta and have provided a dominant land position in the Fox Creek area for a total of 1.36M contiguous acres.

The Fox Creek land acquisition is a strategic move for LBNK as the Leduc Carbonate Reef Complex and underlying Swan Hills Carbonate Complex have historically been known to host the highest grades of lithium-in-brine concentrations in Alberta. Fox Creek will be systematically explored and developed alongside the Boardwalk Project which is located 50km north.

Additionally, LBNK has acquired a strategic land position in northern Alberta totaling 73,610 acres which have historically been one of the most prolific producers of hydrocarbons for several decades.

This marks the conclusion of LBNK's 3-year staking and acquisition strategy to aggregate the largest land position in areas with significant commercial potential for large-scale lithium brine production. The total permits and leases currently held by LBNK is now 3.77M acres.

https://ca.finance.yahoo.com/news/lithiumbank-increases-lithium-brine-land-120000607.html