LithiumBank Resources Corp Stock Price, News & Analysis

LithiumBank Resources Corp. (LBNKF) announced a Memorandum of Understanding (MoU) with ZS2 Technologies to implement CO₂ Direct-Air-Capture (DAC) technology at its Boardwalk and Park Place projects in Alberta. The partnership aims to capture up to 100% of CO₂ emissions from the power facility and co-produce magnesium and calcium from treated brine. Key highlights include plans for a processing facility to generate low-carbon cement products and the potential to reduce brine reinjection requirements by 10%. LithiumBank will supply 25,000 cubic meters of brine annually and support joint funding opportunities, enhancing both economic and environmental outcomes. This collaboration positions LithiumBank as a leader in the carbon-neutral lithium production sector, aligning with its sustainability goals.

LithiumBank Resources Corp. (OTCQX: LBNKF) has signed a Memorandum of Understanding with Invest Alberta to advance a commercial lithium production facility at its Boardwalk brine project in Alberta. This collaboration aims to enhance domestic and international promotion of the project, create high-paying jobs, and bolster Alberta's clean energy sector. The Boardwalk project has an indicated resource of 393,000 tonnes of Lithium Carbonate Equivalent and the potential for scalable lithium extraction technology. The company plans to operationalize the facility by 2027 and hire 25 employees within 18 months.

LithiumBank Resources Corp. (TSX-V: LBNK, OTCQX: LBNKF) has engaged Brisco Capital Partners Corp. for marketing and investor relations services effective April 1, 2023. The engagement includes a monthly fee of $7,500 for a term of 12 months, with an option for early termination. Additionally, LithiumBank will issue 200,000 stock options at $1.29 per share, vesting over one year. Brisco, a Calgary-based firm, aims to enhance investor awareness and connect LithiumBank with potential investors. The Company focuses on lithium-enriched brine projects in Western Canada, utilizing low-carbon direct lithium extraction technology.

LithiumBank Resources Corp. (OTCQX: LBNKF) has engaged Matrix Solutions Inc. to conduct a lithium brine resource assessment of its South and Estevan projects in Saskatchewan. This assessment aims to support NI 43-101 resource estimates and guide future exploration efforts. The initial data compilation has commenced, with a report expected soon. LithiumBank, having acquired these properties in 2021, aims to leverage positive sampling results from nearby operators, which reported lithium-brine grades between 64 mg/l and 259 mg/l. The study will incorporate various geological data to evaluate the Duperow Formation, potentially unlocking significant shareholder value.

LithiumBank Resources Corp. (TSX-V: LBNK, OTCQX: LBNKF) has completed a hydrogeological study at its Park Place Lithium Brine Project, revealing it as the largest lithium-rich brine project in North America. The study, conducted by Matrix Solutions Inc., estimates a total of 76.3 km³ of lithium-bearing brine, with 49.8 km³ in the Leduc Formation and 26.5 km³ in the Swan Hills Formation. The average net porosity is 11%, and samples show 77.2 mg/L lithium. The results will contribute to an upcoming NI 43-101 Resource Estimate expected in Q2 2023.