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. (OTCQX: LBNKF; TSXV: LBNK) generates a steady flow of news as it advances its lithium brine projects in Western Canada. Company updates focus on the Boardwalk and Park Place projects in west-central Alberta, where LithiumBank reports large NI 43-101 lithium brine resources and is working toward modular Direct Lithium Extraction (DLE)-based development.
News releases cover a range of technical and corporate milestones. On the project side, LithiumBank reports updated NI 43-101 resource estimates at Boardwalk and Park Place, reservoir modelling work with SLB, and results from extensive DLE pilot campaigns that have shown up to 95% lithium recovery and more than 99% impurity rejection on bulk brine samples. The company also announces progress at its Calgary DLE pilot plant, where eluates from Boardwalk brine have been refined into battery-grade lithium carbonate.
Investors can also follow development agreements and funding news, including a Development Agreement with a Leading Energy Services and Technology Supplier that includes binding DLE licensing terms for Boardwalk, and a CAD $3.9 million non-dilutive funding award from Emissions Reduction Alberta to support drilling, DLE testing, and feasibility study work.
Corporate updates such as annual meeting results, stock option grants, and strategic realignments around technology partnerships are also disclosed. For anyone tracking the evolution of lithium brine projects in Alberta and Saskatchewan, this news feed provides ongoing detail on LithiumBank’s resource base, pilot testing outcomes, and project de-risking steps.
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.
LithiumBank Resources Corp. (TSXV:LBNK, OTCQX:LBNKF) has begun trading on the OTCQX Best Market in the U.S., enhancing visibility and accessibility to investors. The company aims to advance its lithium projects in Western Canada, with a Preliminary Economic Assessment underway for the Boardwalk Project in Alberta. Additionally, LithiumBank has engaged Independent Trading Group Inc. as a market maker to improve liquidity. The company holds over 3.2 million acres in mineral titles, positioning them favorably for large-scale lithium production.