LithiumBank is pleased to announce results from the Direct Lithium Extraction pilot campaign using SLB's integrated lithium production solution on bulk brine samples collected from the Boardwalk and Park Place lithium brine projects. The DLE tests based on ILiAD technology as part of the SLB's well-to-product integrated lithium production solution successfully recovered up to 95% of lithium from both Park Place and [...]
LithiumBank Resources is pleased to announce that it has closed the second and final tranche of its previously announced non-brokered private placement of units of the Company at a price of $0.35 per LIFE Unit for aggregate gross proceeds of approximately $2.9 million under the LIFE Offering. The Company raised total gross proceeds of approximately $4.9 million under the LIFE Offering and its previously announced private [...]
LithiumBank Resources is pleased to announce the filing of a technical report for an updated mineral resource estimate at its 100% owned Boardwalk lithium brine project. The Report is entitled "LithiumBank Resources Corp. Boardwalk NI 43-101 Technical Report" with an effective date of Feb 20, 2025. The Boardwalk resource estimate highlights were originally announced by the Company on Feb 20. The Report can be found on the [...]
LithiumBank Resources is pleased to announce that it has closed its previously announced non-brokered private placement of 5,000,000 flow-through units that qualify as "flow-through shares" within the meaning of subsection 66 of the Income Tax Act at a price of $0.40 per FT Unit for gross proceeds of up to $2,000,000 from the sale of FT Units. Each FT Unit consists of one flow-through common share of the Company issued as [...]
LithiumBank Resources is pleased to announce the offering for aggregate gross proceeds of up to $5,000,000 from the sale of the following: a minimum of 5,714,285 units of the Company up to a maximum of 8,571,428 Units at a price of $0.35 per Unit for gross proceeds of up to $3,000,000 from the sale of Units; and up to 5,000,000 flow-through units that qualify as "flow-through shares" within the meaning of subsection 66 of [...]
LithiumBank Resources is pleased to announce an updated National Instrument 43-101 - Standards of Disclosure for Mineral Projects lithium-brine mineral resource estimate of 1,671,000 tonnes of measured Lithium Carbonate Equivalent at a grade of 81.2 mg/L lithium and 3,524,000 tonnes of indicated LCE at a grade of 81.8 mg/L lithium within the Leduc Formation, and 1,128,000 tonnes of inferred LCE at 81.8 and 1,649,000 [...]
LithiumBank Resources is pleased to announce the results from the desorption component of the initial Direct Lithium Extraction pilot plant testing campaign at the Calgary facility. This follows the results announced from the adsorption stage of the pilot plant testing process that was previously announced Sept 11, 2024. The desorption campaign generated multiple lithium-rich liquors ranging from 2,600 mg/L lithium to [...]
LithiumBank Resources Corp. is pleased to announce lithium assay results from brine samples taken below the hydrocarbon zone during drilling at the Company's 100%-owned Boardwalk lithium Brine Project . Assays from the Company's licensed well, 100/10-06-069-21W5/00 ranged between 79.8 - 84.4 mg/L lithium, averaging 82 mg/L lithium over a 167m vertical interval in from the Leduc formation in a 48 hour constant rate flow [...]
LithiumBank Resources Corp. is pleased to announce it has successfully recovered greater than 98% of lithium from brine during initial pilot plant operations at the Company's 10,000 litres/day Direct Lithium Extraction facility in Calgary. The DLE pilot campaign processed over 40,000 litres of brine sourced from four wells located within the indicated resource area of the 100% owned Boardwalk Lithium Brine Project located [...]
LithiumBank Resources Corp. is pleased to announce the completion of an initial bulk brine sampling program at Park Place located in west-central Alberta, Canada. The bulk brine sampling program successfully collected 148 cubic meters of lithium-rich brine from an active gas producing well within the upper 72 m interval of the Leduc Formation from the vertical well 100/12-03-059-23W5/00 . Analysis of the brine samples [...]
LithiumBank Resources Corp. is pleased to announce the advancement of the reservoir characterization assessment of its Boardwalk project. The Company has further engaged global technology company SLB to provide detailed reservoir modelling that can be used to upgrade and update the current NI 43-101 Resource Estimate at the Boardwalk lithium brine project in west-central Alberta . Boardwalk is located approximately 50 [...]
LithiumBank Resources Corp. is pleased to announce the Company has completed drilling through the entire 232 metre thickness of the Leduc Formation at its 100%-owned Boardwalk Lithium Brine Project located in west-central Alberta, Canada. LithiumBank extended its 100%-owned well, 100/10-06-069-21W5/00 to a total depth of 2,869 metres in a sidetrack that starts at the Leduc top. The drilling increased the known thickness [...]
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