CEO Interview on the Boardwalk and Park Place Projects Lithium demand is at an all-time high, and this demand is only expected to rise as more and more companies begin to enter the EV space. This demand has pushed prices upwards on top of inflation, and with prices consistently hitting highs, lithium production has only become more profitable for companies in the space. Additionally, in expectations of domestic EV production, NA-produced lithium will only become more valuable, especially with the rising international tensions across the globe.
https://capital.com/amp/lithium-futures-price-ev-demand
$LBNK.V recently released their Boardwalk Hydrogeology report, which displays promising signs for the future of the project. The report found that Boardwalk is capable of long-term, high-yield lithium production. A more recent interview with the CEO highlights some of the things to keep an eye on, especially with the PEA right around the corner: https://youtu.be/58Ank31K8cY
- Almost 100,000 barrels per day potential at battery-grade levels makes it one of Canada's highest potential projects.
- Results from Hatch are expected by the end of the year and should help upgrade $LBNK.V's property value.
- The hydrogeological study was only done on 25% of the ground, so they'll focus the PEA on the core project and continue exploration to really discover the full potential.
- Started with 12 different DLE technologies and are now ready to release a report about the findings in the coming weeks to be utilized in the PEA.
Overall, with the lab testing and hydrogeological work now complete, the PEA shouldn't have any significant delays, so I'll be keeping an extremely close eye on Boardwalk developments. Don't forget that they also have other impressive projects under their belt, such as the Park Place project. Definitely, an interesting story developing, and with a $25M valuation, things are getting interesting.