Lots of Catalysts for the Year We’ve seen so many developments within the lithium market over the past year, such as companies like GM investing $650M into LAC or Volkswagen chowing Canada as their first location for an EV battery plant outside of Europe. As prices have slightly fallen recently, it only means that EV companies are now able to lower their prices and sell more vehicles, which in the long term, will cause prices to return to an elevated level.
https://stockhead.com.au/resources/eye-on-lithium-in-2006-batteries-accounted-for-26pc-of-lithium-demand-by-2026-it-will-be-90pc/
There are a lot of exploration companies out there on the market, but only a few of them actually have a team that has the ability and a plan to make it to production. $LBNK.V has been rapidly developing their Canadian assets in order to produce DLE production, which is known to be a far cleaner and more efficient method of lithium extraction.
- Recently commenced hydrogeological study at their South and Estavan projects to lay the foundations for a NI 43-101.
- The hydrogeological study from Park Place confirmed it as the largest contiguous lithium-rich brine project in NA (with a target resource estimate and PEA expected in H2).
- With the Boardwalk PEA expected soon, production is on the horizon as they’ve already been working towards testing DLE technology at the property.
Their land holdings alone, not including the rapid developments of their property, make the valuation seem interesting. Definitely a lot to look out for as they continue to pursue their timeline: https://twitter.com/lithium_bank/status/1634197887256076290?s=46&t=_12NCrW7KPg4597YB5445w