LithiumBank (TSXV: LBNK) is now one step closer to production at the Boardwalk Lithium Brine Project in Alberta. Last week, the company announced that it has engaged Hatch to assess leading Direct Lithium Extraction technologies to inform a PEA and subsequent commercial plant design.
Hatch has been retained to design, test, and manage all DLE programs for LBNK. The results of the 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 stepping stone toward the design of a commercial facility that the company anticipates will produce battery-grade lithium chemical product.
Excited to hear more regarding this development from LBNK, as it means the company is making big strides toward production.
LBNK.v is currently trading at $.95, falling slightly from a 44% spike in SP last week. The company is presently valued at $35.52 million.
https://ceo.ca/@GlobeNewswire/lithiumbank-engages-hatch-to-test-boardwalk-lithium