- LithiumBank Resources is a Canadian exploration and development company. specialized in lithium-enriched brine projects and low-impact DLE technology.
- The company holds 2.82 million acres of mineral titles in Alberta and 326,000 acres of mineral titles in Saskatchewan.
- It has over 3.15 million acres of potential DLE-amenable assets.
- There are currently more than 500 wells on LithiumBank's existing claims
- DLE technology has the potential to be a cost-effective, efficient and environmentally-friendly alternative to existing high-impact and high-cost production methods.
- The company's leadership team combines decades of experience across mining, investment, geology, and oil & gas.
- Sturgeon Lake is LithiumBank's flagship project and represents an opportunity to develop the single largest contiguous source of direct brine elemental lithium in tonnage.
- The Sturgeon Lake reef complex has the potential to store an immense amount of carbon, lending itself to the opportunity for a carbon neutral project.
- LithiumBank intends to continue practicing strategic acquisition and consolidation of high-quality lithium assets.
- LithiumBank increases lithium-brine land position by over 530,000 acres in Alberta and Saskatchewan.
One of the chief materials in rechargeable batteries, lithium plays a pivotal role in our transition to a clean, electric future. It is one of the 31 minerals identified by the Government of Canada as critical for the sustainable economic success of both the country and its allies. These minerals, as laid out in the Canadian minerals and Metals Plan (CMMP) are also crucial to establishing the country as a global leader in the energy transition.
Beyond economic security, socially- and environmentally-sustainable development practices are also crucial in the country's transition to a low-carbon economy. As the world grapples with the ongoing climate crisis, electrification presents a compelling solution. Renewable energy stands poised to replace fossil fuels as sales of electric vehicles continue to surge. Meanwhile, battery-powered sensors and smart devices are quickly becoming the backbone of a connected world, offering us convenience, productivity and more.
This evolution could be derailed by a simple problem. In its current state, lithium production cannot keep pace with global demand. One analyst even suggests that the imbalance, if left unaddressed, could act as a hard cap for lithium demand as early as 2027.
LithiumBank Resources (TSXV:LBNK, OTCQX: LBNKF) is an exploration and development company based in Western Canada that holds over 3.15 million acres of mineral titles across Alberta (2.82 million) and Saskatchewan (326 thousand). The company's lithium-enriched brine projects leverage direct lithium extraction (DLE) which has the potential to offer greater efficiency, lower cost and a lower environmental footprint than existing production methods.