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Lithiumbank Resources Corp - LBNKF STOCK NEWS

Welcome to our dedicated news page for Lithiumbank Resources (Ticker: LBNKF), a resource for investors and traders seeking the latest updates and insights on Lithiumbank Resources.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Lithiumbank Resources's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Lithiumbank Resources's position in the market.

News
LithiumBank Resources Announces Upcoming Schedule for Investor Conferences
Rhea-AI Summary
LithiumBank Resources Corp. (LBNKF) announces its participation in upcoming investor conferences to connect with industry leaders, present progress updates, and explore collaboration opportunities. The Company will be attending the Capital Event Management Conferences in Scottsdale, Arizona on April 19th/21st, and the 2024 Energy Transition Metals Summit in Washington, DC on April 29th/30th, 2024.
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LithiumBank Provides Update for Boardwalk, Park Place Lithium Brine Projects, and DLE Pilot Plant
Rhea-AI Summary
LithiumBank Resources Corp. provides updates on its lithium brine projects in Alberta and Saskatchewan, along with progress on its DLE technology and pilot plant. The company sold its Estevan project for CAD $15M to fund further developments. CEO Rob Shewchuk highlights the potential for value creation. The company plans to run DLE pilot campaigns with brine from various projects, focusing on optimizing lithium recovery rates. Boardwalk and Park Place projects show promising lithium resource estimates. Park Place collaboration with SLB aims to deliver initial mineral resource estimate by May 2024.
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0.53%
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LithiumBank Announces Exercise of Estevan Land Purchase Option
Rhea-AI Summary
LithiumBank Resources Corp. (LBNKF) announces the exercise of the Estevan lithium brine project purchase option for $15 million by a subsidiary of a public company. The company's value creation model and strategic land acquisitions are highlighted, with plans to advance other lithium projects in Alberta and Saskatchewan.
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-1.96%
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LithiumBank Files Updated Preliminary Economic Assessment Technical Report for the Boardwalk Lithium Brine Project, West-Central Alberta
Rhea-AI Summary
LithiumBank Resources Corp. (LBNKF) announces the updated Preliminary Economic Assessment for the Boardwalk Lithium-Brine Project, incorporating G2L's DLE technology. The PEA highlights increased lithium recovery, production, and significant cost reductions. The project shows strong economics with a USD $3.7 Billion NPV8 and 25.0% IRR pre-tax. The Company aims to create value through derisking efforts and advancing its lithium projects.
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3.26%
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LithiumBank Announces Federal Funding for Brine Samples to Supply Feed Stock for Carbon Sequestration Cement Products
Rhea-AI Summary
LithiumBank Resources Corp. has secured funding from Next Generation Manufacturing Canada to acquire and supply brine from its Boardwalk lithium project for use in advanced carbon sequestration cement products. The funding, part of a $2.76 million commitment, supports a collaborative project with four other companies to disrupt the construction industry by developing an advanced manufacturing solution for affordable, climate-adaptive, energy-efficient, and sustainable housing. The company expects to commence drilling at Boardwalk by May 2024 to obtain brine for the consortium and to support and upgrade the resource classification.
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1.86%
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LithiumBank Resources Named to 2024 OTCQX Best 50
Rhea-AI Summary
LithiumBank Resources Corp. (LBNKF) has been named to the 2024 OTCQX Best 50, ranking 4th out of 50 companies based on 2023 total return and average daily dollar volume growth. The company aims to drive sustainable energy solutions, create long-term value for shareholders, and uphold corporate governance standards.
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-0.53%
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LithiumBank Announces Updated PEA; Significantly Increases Pre-Tax NPV8% to USD $3.7 Billion and Reduces OPEX to USD $4,588 per LCE/T at Flagship Boardwalk Lithium Brine Project, Alberta, Canada
Rhea-AI Summary
LithiumBank Resources Corp. announces an updated Preliminary Economic Assessment for its Boardwalk Lithium Brine Project in Alberta, incorporating newly licensed continuous Direct Lithium Extraction technology. The update includes increased lithium recovery, higher production, reduced operational expenditures, and improved economic indicators. The Company's CEO and COO express satisfaction with the results, highlighting the positive impact of efficient DLE technology on the project.
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6.24%
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LithiumBank Announces Option Agreement for Saskatchewan Properties - Receives $8 Million Non-Refundable Deposit - Terminates Pristine Asset Purchase Agreement
Rhea-AI Summary
LithiumBank Resources Corp. (TSXV: LBNK) (OTCQX: LBNKF) has entered into an option agreement to grant the optionee the right to purchase one or more of the Company's three lithium brine projects in Saskatchewan, Canada. The optionee has paid a non-refundable deposit of $8 million and may exercise the options until March 31, 2024. The Company has terminated the asset purchase agreement with Pristine Lithium Corp. and has agreed to pay a cash finder's fee to Kepis & Pobe Financial Group Inc.
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20.3%
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10,000 L/day DLE Pilot Plant Ships to LithiumBank's Calgary Facility
Rhea-AI Summary
LithiumBank Resources Corp. (TSXV: LBNK) (OTCQX: LBNKF) is pleased to announce that the G2L Greenview Resources Inc. Direct Lithium Extraction (DLE) pilot plant is now in transit to LithiumBank's Calgary facility. The facility will have capacity to process up to 10,000 L/d of brine and yield up to 3 kg/d LCE. The pilot plant has been constructed in Australia by Clean TeQ Water on the behalf of G2L and is based on G2L's Continuous Direct Lithium Extraction (cDLE®) technology. The facility will demonstrate the cost and process advantages of using common industrial reagents such as quicklime and sulfuric acid, with senior process engineers from G2L heading up the installation. The Calgary facility will represent one of the largest DLE pilot plants in North America, aiming for one of the industry's highest lithium recoveries.
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-0.32%
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LithiumBank Reports >3,000 mg/L Lithium and >98% Recovery from Direct Lithium Extraction Test Work
Rhea-AI Summary
LithiumBank Resources Corp. (LBNK) announces successful results from bench-scale G2L Greenview Resources Inc. DLE test work on brine from its Boardwalk Lithium Brine Project. The project, located in west-central Alberta, Canada, achieved over 98% recovery of lithium, produced the highest purity concentrated lithium solution, and reduced impurities by over 90%. The G2L DLE process also resulted in a 40-fold increase in lithium concentration from the feedstock and a 40-fold volume reduction of brine post-processing. The results are anticipated to be included in an updated Boardwalk PEA expected in late 2023, with pilot plant testing to commence in Q1 2024.
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-1.03%
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Lithiumbank Resources Corp

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LBNKF Stock Data

32.27M
14.61%
0.38%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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Canada
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