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Be the first with the news that moves the market- LithiumBank (LBNK) to develop Boardwalk and Park Place lithium brine projects after successful acquisition campaign
- In 2022, the company completed its three-year acquisition and exploration campaign
- The company also focused on local relationships and partnerships while working on existing and past-producing wells
- The Boardwalk and Park Place projects are expected to expand
- An NI 43-101 inferred resource assessment at Park Place is in the works
- LithiumBank Resources (LBNK) is up over 13 per cent, trading at $1.29 per share
LithiumBank Resources (LBNK) has released key milestones for its Boardwalk and Park Place lithium projects.
In 2022, the company completed its three-year acquisition and exploration campaign.
The company also focused on local relationships and partnerships while working on existing and past-producing wells.
Development districts have also been acquired, totalling over four million acres.
LithiumBank is honed in on the Boardwalk and Park Place district projects. It will complete financial models in future Preliminary Economic Assessments (PEAs).
Additionally, the focus is on exploration programmes and geological assessments in the coming year.
“LithiumBank’s ongoing transition from a lithium resource explorer to the developer is a defining moment for our young company of three years,” commented CEO Rob Shewchuk.
According to the company, both projects have an ideal combination of lithium resource potential and brine chemistry.
Each area has paved highways, permitted well pads, power and natural gas lines, and more.
Another goal for LithiumBank is to de-risk these flagship assets by commissioning a brine processing pilot plant to establish optimal production parameters.
The Boardwalk and Park Place projects are expected to expand.
An NI 43-101 inferred resource assessment at Park Place is in the works.
“We will soon complete a further resource estimate at Park Place and await receipt of a PEA of Boardwalk. Shifting gears to become a development company with near-term lithium production potential at multiple district-scale projects highlights our view that Alberta is a critical centrepiece to North America’s lithium supply chain industry,” concluded Shewchuk.
The company is focused on lithium-enriched brine projects in Western Canada. It currently holds over 3.6 million mineral titles.
LithiumBank Resources (LBNK) is up over 13 per cent, trading at $1.29 per share at 11:51 am EST.
