Welcome to our dedicated page for LithiumBank Resources news (Ticker: LBNKF), a resource for investors and traders seeking the latest updates and insights on LithiumBank Resources stock.
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 Corp. has appointed Mr. Paul Matysek as Executive Chairman, transitioning the company from exploration to development of lithium projects in North America. With over 40 years of industry experience, Matysek has successfully led multiple companies to significant sales, including lithium brine assets. Ann Fehr has been appointed as Chief Financial Officer, effective January 27, 2023, following the resignation of Andre Mbeng. The company is also implementing a new stock option plan allowing for 7.7 million options, subject to shareholder and TSXV approval. This strategic leadership change aims to enhance shareholder value and expedite lithium production.
LithiumBank Resources Corp. (OTCQX: LBNKF) announced promising assay results from its Park Place Lithium Brine Project in Alberta, revealing lithium grades between 71.2 and 82.0 mg/L, with an average of 77.2 mg/L. The project spans over 1.6 million acres atop lithium-rich formations, historically known for high lithium concentrations. Utilizing existing infrastructure, LithiumBank aims to expedite geological studies and estimates a NI 43-101 Resource Estimate in the future. Independent Director Paul Matysek expressed optimism about the results, which align with historical data, suggesting higher lithium grades compared to other regions in Alberta.
LithiumBank Resources Corp. (TSX-V: LBNK, OTCQX: LBNKF) has filed a Technical Report for its Boardwalk Lithium Brine Project, dated December 20, 2022. This report includes NI 43-101 Mineral Resource Estimates of 393,000 tonnes of Indicated Lithium Carbonate Equivalent (LCE) at a grade of 71.6 mg/L and 5,808,000 tonnes of Inferred LCE at 68.0 mg/L lithium. The report is accessible on www.sedar.com. LithiumBank focuses on lithium brine projects in Western Canada, holding over 4 million acres of mineral titles for potential large-scale lithium production.
LithiumBank Resources Corp. (TSX-V: LBNK, OTCQX: LBNKF) has completed a hydrogeological study for its Kindersley Lithium-brine project in Saskatchewan. Conducted by Matrix Solutions, the study identified multiple potential lithium brine production zones within the Duperow Formation, with a brine volume of 3.89 km³ at a 6% porosity cut-off. Expected production rates could reach 1,600 m³ per day. The findings support the preparation of a NI 43-101 compliant technical report and future Preliminary Economic Assessment, enhancing the project’s viability for lithium-brine production.
LithiumBank Resources Corp. has announced updated Mineral Resource Estimates (MREs) for its Boardwalk Lithium Brine Project in Alberta, revealing 393,000 tonnes of Indicated Lithium Carbonate Equivalent (LCE) with a grade of 71.6 mg/L, and 5,808,000 tonnes of Inferred LCE at 68.0 mg/L. This marks a significant milestone as it is the first Canadian lithium brine project to classify a portion of its resource as Indicated. The updated resource supports the Company’s plans for advanced studies, including a Pre-Feasibility Study.
LithiumBank Resources Corp. (LBNKF) announced its successful Direct Lithium Extraction (DLE) test results from its Boardwalk Lithium Brine Project in Alberta. The tests demonstrated a recovery rate of 93% lithium chloride in under 60 minutes, achieving lithium concentrate with a grade increase of 35-60 times over the initial brine. High purity lithium concentrations of 2,500-4,000 mg/L were also achieved. These results will be pivotal for the upcoming Preliminary Economic Assessment (PEA) for a commercial-scale processing facility.
LithiumBank Resources Corp. (TSX-V: LBNK, OTCQX: LBNKF) has completed a hydrogeological study and well network design for its Boardwalk Lithium Brine Project in Alberta. The study indicates strong flow rates, essential for the Preliminary Economic Assessment (PEA) nearing completion. Key points include a multi-well pad design to enhance economics and minimize surface impact, a production capacity of 250,000 cubic meters of brine per day, and favorable hydraulic characteristics indicating a sustainable lithium-brine project for up to 20 years. The estimated resource includes 1,122,000 tonnes of elemental lithium.
LithiumBank Resources Corp. (OTCQX: LBNKF) has initiated a hydrogeological study at its Park Place Lithium Brine Project in Alberta, Canada. The study, conducted by Matrix Solutions Inc., will assess porosity, permeability, transmissivity, and volume estimates of lithium-bearing brine, essential for a NI 43-101 Mineral Resource Estimate. This project covers over 1.3 million acres, indicating substantial lithium potential. CEO Rob Shewchuk emphasized the project's importance in advancing towards a Preliminary Economic Assessment (PEA) targeted for Q2/2023, with sample collections from petro-operators underway.
LithiumBank Resources Corp. (TSX-V: LBNK, OTCQX: LBNKF) has expanded its lithium-brine land holdings by over 530,000 acres in Alberta and Saskatchewan, bringing its total to 3.77 million acres. The strategic acquisition focuses on the Fox Creek area, known for high lithium-in-brine concentrations. Historical samples indicate lithium levels from 76 mg/l to 130 mg/l. Additionally, the company secured land in the Peace Arch area and continues to work on the Boardwalk Project, with a Preliminary Economic Assessment expected in Q4.
LithiumBank Resources Corp. (TSX-V: LBNK) has announced the initiation of Direct Lithium Extraction (DLE) processing tests at its Boardwalk Project, located 80 km east of Grande Prairie, Alberta. The company has partnered with Hatch to evaluate DLE technologies, which will aid in a Preliminary Economic Assessment and commercial plant design. The Boardwalk project is estimated to have a lithium resource of 1,122,000 tonnes at an average concentration of 67.1 mg/L, with a total lithium carbonate equivalent of 5,973,000 tonnes (LCE). Results from the tests are awaited to guide future development.