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LithiumBank Resources Corp. reports developments tied to lithium-enriched brine projects in Western Canada. Company updates center on the 100% owned Boardwalk Lithium Brine Project in Alberta, including brine sampling, well ownership and reservoir work, Direct Lithium Extraction processing, and technical programs conducted under NI 43-101 mineral disclosure standards.
Recurring news also covers the Park Place Lithium Brine Project, brine-hosted mineral licence holdings, lithium carbonate equivalent resource estimates, non-dilutive project funding from Emissions Reduction Alberta, development agreements for modular DLE technology, and shareholder meeting results.
LithiumBank Resources (LBNKF) reports that its 100%-owned Boardwalk Lithium Brine Project in northwest Alberta has been selected for inclusion in the Canada Investment Summit Prospectus as of September 11, 2026.
The Summit, hosted by Prime Minister Mark Carney with CPP Investments and PSP Investments, targets up to $1 trillion of investment into Canada, including a select group of featured projects. Boardwalk hosts 5.195 million tonnes of measured and indicated LCE at 81.6 mg/L and 2.777 million tonnes of inferred LCE at 79.0 mg/L, described as the highest‑grade measured and indicated lithium‑brine resource reported in Alberta.
Since May 2026, approximately 150,000 litres of brine have been collected for process optimization, building on SLB pilot tests that achieved up to 95% lithium recovery and over 99% impurity rejection. LithiumBank has also signed a non‑binding LOI for existing wells and pipelines and a binding option to acquire up to 160 acres of land near Highway 43 for a planned central processing facility.
LithiumBank Resources (LBNKF) has secured regulatory approval to convert its 100/10-06-069-21W5/02 well at the 100%-owned Boardwalk Lithium Brine Project into a dedicated lithium brine production well. The 10-6 well, formerly a conventional oil well, is now licensed under the Mineral Resource Development Act, allowing direct production of lithium-bearing brine from the Devonian Leduc formation.
The well has already been used for bulk brine sampling, long-cycle Direct Lithium Extraction (DLE) testing and process optimization, and will support reservoir monitoring for future FEED and feasibility studies. LithiumBank emphasizes that repurposing legacy oil and gas infrastructure is expected to reduce upfront CAPEX, lessen surface disturbance and speed development. The company also granted stock options for 1,651,500 common shares at an exercise price of $0.75, expiring on September 9, 2031.
LithiumBank Resources (LBNKF) began trading on Germany's Tradegate Exchange under symbol HT9, increasing access for European investors.
The company expects Tradegate trading to enhance visibility in Europe and broaden its international shareholder base as it advances lithium brine projects in Alberta. Tradegate serves retail and institutional investors across Europe. LithiumBank reports continued focus on developing its Alberta-based assets and building long-term shareholder value.
The company also updated terms related to a recent financing, reducing a finder's fee to Ventum Financial by $3,312 and cancelling 5,520 associated finder's warrants. LithiumBank continues to advance its Boardwalk and Park Place projects in Western Canada and has a Development Agreement with SLB for its Boardwalk project.
LithiumBank Resources (OTCQX: LBNKF) reported receipt of $760,000 from Emissions Reduction Alberta after successfully completing Milestone 1 at its 100%-owned Boardwalk Lithium Brine Project in northwest Alberta. The payment corresponds to $894,093.94 of approved eligible expenditures, less a 15% holdback of $134,114.09 under the ERA funding agreement.
Milestone 1 included collecting about 150 m³ of brine from the 10-6 well for long-cycle Direct Lithium Extraction testing, polishing optimization, and conversion to battery-grade lithium carbonate, plus installation of a downhole pressure monitor. The modified Milestone 1 program reimburses 50% of eligible expenditures up to $1.6 million, and its completion enables remaining ERA funds to be directed to Milestone 3, a Feasibility Study/FEED on a low-capex, modular production approach. Total ERA funding for Boardwalk remains $3.9 million.
LithiumBank highlights NI 43-101 resources at Boardwalk of 5,195,000 tonnes LCE measured and indicated at an average grade of 81.6 mg/L lithium, plus 2,777,000 tonnes inferred, and at Park Place an updated 15,082,000 tonnes of inferred LCE at 80.0 mg/L lithium.
LithiumBank Resources (OTCQX: LBNKF) has signed a binding option agreement to acquire up to 160 acres of privately owned land in the Sturgeon Lake area of Alberta, identified as the preferred site for a central lithium processing facility for its Boardwalk Lithium Brine Project.
The option, effective July 30, 2026, runs for up to three years and allows selection of 160 acres within a designated 320-acre area. The site lies within the Boardwalk project, near existing infrastructure covered by a separate LOI, and is serviced by a 138-kV power line, natural gas pipeline, and paved road access. According to LithiumBank, integrating strategic land and infrastructure is expected to be reflected in a Boardwalk Feasibility Study targeted for 2027. The company also granted 360,000 stock options at $0.43 per share to its new VP, Project Development, vesting over two years and expiring on July 15, 2031.
LithiumBank Resources (TSXV: LBNK, OTCQX: LBNKF) appointed Logan R. Harris, P.Eng., as Vice President, Project Development, effective July 16, 2026. Harris, formerly with ExxonMobil Low Carbon Solutions leading deep-brine DLE project development, will initially focus on advancing the Boardwalk Lithium Brine Project through feasibility, FEED, engineering and permitting.
LithiumBank (OTCQX:LBNKF, TSXV:LBNK) signed a non-binding LOI giving it a two-year option to acquire wells, pipelines, surface leases and easements linked to the 100%-owned Boardwalk lithium brine project in Alberta.
The Option would require CAD $1 million on signing the Option Agreement and CAD $2.5 million to acquire the assets, partly in shares. According to LithiumBank, this existing infrastructure is expected to reduce capital costs and timelines. Boardwalk hosts 5,195,000 tonnes of measured and indicated LCE at 81.6 mg/L lithium, while Park Place holds 15,082,000 tonnes of inferred LCE at 80.0 mg/L.
LithiumBank (OTCQX:LBNKF, TSXV:LBNK) reported results of its Annual and Special Meeting of Shareholders held on May 28, 2026. All resolutions were approved, including auditor reappointment, board elections, and a new option plan.
About 11,985,270 shares, or 17.6% of outstanding shares, were voted.
LithiumBank (OTCQX:LBNKF) has started a Feasibility Study and FEED with SLB for its 100%-owned Boardwalk lithium brine project in Alberta. The work targets an initial modular development of up to 10,000 tpa lithium carbonate, building on a 2024 PEA with a pre-tax NPV(8%) of ~US$3.7B and operating costs of US$4,588/t LCE.
Pilot DLE testing with SLB showed up to 95% lithium recovery and >99% impurity rejection. Boardwalk hosts 5.2 Mt measured and indicated and 2.8 Mt inferred LCE resources. Up to $3.9M non-dilutive ERA funding supports the program, with a potential path to commercial production as early as 2029.
LithiumBank (OTCQX: LBNKF) completed collection of 150 cubic metres of bulk brine from its 10-6 well at the Boardwalk lithium brine project between March 21 and April 8, 2026. Samples were taken hourly, sent to AGAT and an umpire lab, and QA/QC was overseen by a Qualified Person on site.
The company modified Milestone 1 under an ERA funding agreement: eligible reimbursement is now 50% up to $1.6M (reduced from $2.5M) with the shortfall moved to Milestone 3; total ERA funding remains $3.9M. Plans include DLE testing, conversion to lithium carbonate, and further reservoir work.