LithiumBank Resources Corp V.LBNK

Recent News

[SkywalkerofLuke]

LBNK LBNK.v announced earlier this month the completion of the hydrogeological study from the Kindersley Lithium-brine project.

- Identified multiple zones of potential lithium brine production within the Duperow Formation (is an unconfined aquifer that measures up to 300m and hosts a brine volume of 3.89 km3)

- Expected brine production from the Duperow Formation is up to 1,600 m3 per day

- Two brine samples returned 78 mg/L and 70 mg/L lithium

- LBNK is now preparing a NI 43-101 compliant technical report

Considering the recent findings by Benchmark Minerals that the world will need more than 20x the amount of lithium that was mined last year to meet demand by 2050, I’m watching LBNK.

https://www.lithiumbank.ca/index.php/news/2022/ithiumankompletesydrogeologicaltudyandommencesr20221109020301

[waves1]

It's notable that all of LBNK's assets have significant potential to be meaningful contributors to the global supply of lithium as demand continues to grow - the growth potential is quite clear given there are multiple avenues to provide catalysts.