LithiumBank Resources (LBNKF) Stock News

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.

LithiumBank (OTCQX: LBNKF) has completed the well license transfer for suspended well 1-12 at its 100% owned Boardwalk project in northwest Alberta and now holds 100% ownership. The company plans to re-enter and deepen 1-12 through the Leduc formation to support reservoir testing, brine collection and DLE testwork.

The acquisition supports a Development Agreement with a Leading Energy Services and Technology Supplier for licensed modular DLE, targets project execution in 2027, and helps unlock up to CAD $3.9M of provincial ERA funding (50% reimbursement across three milestones).

LithiumBank (OTCQX:LBNKF / TSXV:LBNK) signed a Development Agreement dated December 21, 2025 with a leading energy services and technology supplier to advance the Boardwalk lithium brine project toward commercial production targeted for 2027. The DA includes licensed modular Direct Lithium Extraction (DLE) technology, a feasibility study, FEED, and EPC work; two initial DLE modules are envisioned for up to 10,000 tpa LCE. The company expects a feasibility study in 2026. Alberta's Emissions Reduction Alberta will fund up to $3.9M (refunding up to 50% per milestone) for well work, concentration/conversion testing of 114,320 L raw brine, and the feasibility study. Boardwalk's NI 43-101 reports Indicated 5.2M tonnes LCE and Inferred 2.8M tonnes LCE (effective Feb 20, 2025).

LithiumBank (OTCQX: LBNKF) began acquiring a second suspended, past-producing well at the 100% owned Boardwalk Lithium Brine Project to support near-term lithium-brine production and to unlock CAD $3.9M of funding from Alberta's Emissions Reduction Act (ERA).

The company will pursue modular Direct Lithium Extraction (DLE) using existing oil-and-gas infrastructure, aims to complete DLE testing and an NI 43-101 Feasibility Study by end-2026, and expects the ERA to reimburse 50% of eligible costs across three milestones.

LithiumBank Resources (OTCQX:LBNKF) has secured CAD $3.9 million in non-dilutive funding from Emissions Reduction Alberta (ERA) to advance its Boardwalk Lithium Brine Project in west-central Alberta. The ERA Program will refund 50% of eligible expenditures for completed milestones.

The funding will support three key initiatives: completing an additional drill hole through the Leduc formation reservoir, conducting extended Direct Lithium Extraction (DLE) testing, and completing a Feasibility Study focusing on a modular approach to lithium production. These tasks are expected to be completed by the end of 2026.

LithiumBank has consolidated all strategic Brine Hosted Mineral Licenses at Boardwalk and Park Place, making it the largest known holder of lithium brine resources in North America. Both projects report the highest-grade resource estimates in Alberta and are unrestricted by overlapping pore space or carbon sequestration permits.

LithiumBank Resources Corp has updated its NI 43-101 resource estimate for the Park Place Lithium Brine Project in Alberta, reporting 15,082,000 tonnes of inferred Lithium Carbonate Equivalent (LCE) at 80.0 mg/L lithium grade. The company strategically reduced its brine hosted mineral licenses (BHML) to 226,683 hectares, focusing on areas with highest brine production potential, resulting in annual licensing fee savings of C$821,468. The project maintains significant scale with 8,659,000 tonnes LCE in the Leduc Formation and 6,423,000 tonnes LCE in the Swan Hills Formation. Recent direct lithium extraction pilot testing achieved >95% lithium recovery and over 99% impurity removal. The company also announced the termination of agreements with G2L Greenview Resources Inc.