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LithiumBank Resources Corp (LBNK)

TSXV
Currency in CAD
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0.81
-0.03(-3.57%)
Closed

LBNK Comments

Their land holdings alone, not including the rapid developments of their property, make the valuation seem interesting. They've got tons of catalysts under their belt for this year, especially with the upcoming PEA and resource estimates.
I think LBNK's location, scale and development roadmap are really promising. They're tapping into the challenges of the lithium supply yet deliver solid progress in their efforts repurposing existing infrastructure, permitting, and demonstrating DLE technologies at scale. IMO they've got strong potential unlocking significant value. SK PEA expected later this year...
With their combined estimated resources being over 30M+ tonnes of LCE, they’re far more undervalued than almost every industry peer. Lots of catalysts to look out for as they continue to follow their timeline to production.
Encouraging sampling results w/ lithium-brine grades ranging between 64-259 mg/l reported at LBNKs South and Estevan properties with plans to acquire lithium resource samples in Q2 2023 via operators and well drilling on the properties. Expected NI 43-101 MREs from both expected in Q3 2023.
The lithium-ion battery market is set to grow significantly over the next decade, and Lithium Bank's Kindersley Lithium Project in Saskatchewan, Canada is well-positioned for expedient development. The project's potential is strengthened by comprehensive production data and high lithium-brine grades, making it an exciting prospect.
LithiumBank advances its Kindersley Lithium project in SK, targeting high lithium brine concentrations in the Duperow Formation. Over 111K ac of Crown mineral permits already acquired and a hydrogeological report completed, LBNK on track to complete PEA in Q2/23.
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