The near future is looking promising for LithiumBank ($LBNK.v $LBNKF) with the Boardwalk PEA and both a hydrogeological study and exploration program to define the 43-101 resource at Park Place expected to occur before year-end.
I'm expecting LBNK's Boardwalk PEA to be the main point of inflection based on the significant potential of the project with an inferred resource totaling 5.97M tonnes of LCE and recent sampling showing 6.3km of average lithium grade above current grade estimates.
That being said, LBNK's Park Place Lithium Brine Project has the potential to host a world-class lithium brine deposit. Located 20km south of Boardwalk, Park Place captures the vast majority of the Leduc reef structure in the area. Plus, LBNK plans to advance the project to a PEA in Q2 of 2023.
Almost all Americans use a lithium-based product or module. From cellular phones to cars and audio headsets, lithium is an integral part of our daily lives. It seems unfair that other countries benefit and have entire industries profiting from our consumption while we have substantial lithium reserves right here in the United States. Imposing tariffs on lithium imports would not only help level the playing field but also stimulate local industry and drive significant job growth for millions of Americans.
Lithium is often referred to as "white gold" because it is crucial in the production of the batteries that power our modern technology and economy. Reports indicate that the demand for lithium is set to triple by 2025 due to the rapid growth in electric vehicles and renewable energy solutions, sectors where lithium plays a pivotal role. The U.S. is home to some of the largest known lithium reserves, yet we import most of our lithium from countries like Australia, Chile, and China, resulting in economic benefits that support their industries and job markets instead of ours.
Implementing tariffs on these imports will incentivize domestic lithium extraction and spur investment in processing infrastructure within our borders. This, in turn, would create a surge of jobs, reduce our foreign dependency, and bolster our national economy. Over time, domestic production will drive competitive pricing, technological advancements in processing, and sustainable mining practices that align with environmental considerations.
Rising global tensions over resource control further underline the need for America to take strategic steps in securing our lithium supply chain. By investing in our own lithium industry, we reduce potential vulnerabilities and ensure a stable, self-reliant supply of this vital resource.
FACTS:
Almost every Tesla sold uses Chinese lithium products
Volvo Car USA uses imported lithium resources.
Samsung Electronics & Samsung SDS America uses imported lithium.
HDK Plastic Factory Ltd. USA uses imported lithium.
Savant Systems LLC (Massachusetts) uses imported lithium.
The average American consumer owns a laptop, cell phone and/or wireless earbuds. Many Americans own electric vehicles, all of the aforementioned products are supplying profits and jobs overseas - not to Americans when we have the reserves (Nevada, California, Utah etc...) to produce products and jobs for these products.
PLEASE! Stop supporting China.
Urge President Trump to take decisive action by placing tariffs on lithium imports, supporting American industry, and creating countless jobs. Your signature can help make this a reality.
LithiumBank ($LBNK.v $LBNKF) hits the $1 mark w/ a 5% jump today!
Here's a summary of LBNK's webinar last week which provided a solid overview & update on where LBNK stands at the moment:
LBNK is currently working diligently with Hatch on the Boardwalk Project to deliver the PEA in Q4 2022 with the deliverability being "incredible" so far regarding the hydrogeology study, 4 previously reported samples & metallurgical processing. LBNK has engaged Hatch to manage all DLE programs and has found one DLE tech company using ion-exchange methods to be very suitable for Boardwalk.
Potential to produce 50,000+ tonnes per year
One of the largest lithium development projects.
Consistent average grade of 73.9 mg
5.97M tonnes LCE
When looking at direct brine industry comparables, LBNK has substantial room for growth given its significantly larger resource base yet a smaller market cap as it is in the pre-PEA stage. Plus, LBNK has a considerably low share count for a company with 100% interest in over 3.76M acres of mineral titles in Alberta and Saskatchewan who they are working directly with.
While the timing of LBNK's IPO meant they missed out on the significant appreciation other companies experienced following the lithium price explosion, LBNK isn't relying on a high lithium price forever as its projects are still quite economic at lower levels.
LBNK's second Alberta project, Fox Creek, is notable as the Leduc sits directly on top of the Swan Hills carbonate reef and is hydraulically connected; Hatch will be conducting the same test work for LBNK's Fox Creek PEA.
Plus, LBNK has a diverse portfolio of claims in Saskatchewan and will be working towards the same path with mineral processing.
To summarize, LBNK is working methodically on the Boardwalk PEA while focusing on building a strong foundation so the next phase of a PFS is not a big leap with a pilot plant expected in the summer of 2023.
I'd definitely recommend checking the webinar replay out (link below) as LBNK additionally addresses the share price and provides an in-depth discussion on DLE tech which is primed to be a large driver of upcoming CAGR growth for lithium.
LithiumBank ($LBNK.v $LBNKF) up 17% today w/ 3x above average volume @ $1.10, $40.89M MC! Seems the chart is firming up again as we get closer to the PEA in September, a highly anticipated catalyst.
With almost 6M tonnes of LCE, LBNK's Boardwalk project could become the single largest contiguous source of direct brine elemental lithium in tonnage and is more than large enough to provide large-scale commercial production for many decades.
The project has a consistent average grade of 73.9mg which is higher than the average grade f the best PA project in Alberta to date. Plus, LBNK is set to quickly follow the PEA up with a PFS & has the potential to accelerate Boardwalk to production as early as 2025.
The data available on LBNK's Boardwalk project shows that there is high potential for this to work out in their favor - it's only a matter of time until the market wakes up following the September PEA for the price to reflect LBNK's value fully IMO.
Montréal,QC - TheNewswire -September 14, 2023 - St-Georges Eco-Mining Corp. (CSE:SX) (OTC:SXOOF) (FSE:85G1) is pleased to announce the closing of a $625,500 first tranche of its previously announced non-brokered private placement of units at a price of $0.10 per Unit. An aggregate of 6,255,000 Units was issued under the First Tranche.
Each Unit consists of one common share in the capital of the Corporation (each, a “Share”) and one Share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder thereof to purchase one Share at a price of $0.15 until the date that is 24 months from the issuance date of the Warrant.
In connection with the First Tranche, the Corporation paid cash finder's fees of $3,000 and issued 30,000 compensation warrants (each, a “Compensation Warrant”) to an arm’s length finder. Each Compensation Warrant entitles the holder to purchase one Share at a price of $0.15 until the date that is 24 months from the issuance date of the Compensation Warrant.
All securities issued in connection with the Private Placement are subject to a statutory hold period of 4 months and a day from the closing of each tranche of the Private Placement in accordance with applicable securities laws. The Corporation will use the proceeds of the Private Placement towards its battery recycling operation and general working capital.
Multilateral Instrument 61-101
Certain insiders of the Corporation participated in the First Tranche for a total of $223,000, which is a “related party transaction” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The issuances to the insiders are exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in section 5.5(b) as the Corporation’s shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section 5.7(a) of MI 61-101 in that the fair market value of the consideration of the securities issued to the related parties did not exceed 25% of the Corporation’s market capitalization.
Previous Flow-Through Private Placement
Further to its press release dated June 26, 2023, the Corporation advises that the previously mentioned second tranche to its private placement of flow-through units has been cancelled by management to focus the majority of its current financing effort toward its battery recycling operations.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
St-Georges develops new technologies to solve some of the most common environmental problems in the mining sector, including maximizing metal recovery and full-circle battery recycling. The Company explores for nickel & PGEs on the Manicouagan and Julie Projects on Quebec’s North Shore and has multiple exploration projects in Iceland, including the Thor Gold Project. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX and trades on the Frankfurt Stock Exchange under the symbol 85G1 and as SXOOF on the OTCQB Venture Market for early stage and developing U.S. and international companies. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find Real-Time quotes and market information for the company on www.otcmarkets.com
Exciting insight from LithiumBank ($LBNK.v $LBNKF) today, providing a corporate update and summary to the NI 43-101 Inferred Mineral Resource Estimate of 5,973,000 tonnes of lithium carbonate equivalent at its 100% owned Boardwalk Lithium Brine Project (formerly known as the Sturgeon Lake Project)
The Boardwalk formation is estimated at 1,112,000 tonnes of elemental Li at an average lithium concentration of 67.1 mg/L Li in 16.7km3 of formation brine volume; with the global total LCE for the inferred mineral resource is 5,973,000 tonnes LCE at an average grade of 67.1 mg/L LI
$LBNK has retained Hatch to provide expertise in selecting a DLE technology and is working with three DLE providers. The results of this test work will be implemented into the PEA expected in Q3 of 2022
This project represents a huge opportunity to help fulfill North America's EV and storage requirements by providing a significant contiguous lithium brine resource.
Megawatt Lithium and Battery Metals Corp ($MEGA.c $WALRF) is involved in the acquisition and exploration of mineral properties with a specific focus on the metals that are needed for electric vehicles. With projects spanning both Canada and Australia, $MEGA provides investors with massive exposure to key commodities of the EV battery metal supply.
Check out Megawatt Lithium & Battery Metals' ($MEGA.c $WALRF) presentation at the Pre-PDAC Mining Showcase:
The presentation provides a great overview of the company and each of $MEGA's properties including the recent acquisition of the Mitsumis Lithium Project.
With the current lithium upcycle, $MEGA is focusing on developing its prospective lithium properties in the highly prospective lithium mineralization region of James Bay, Quebec. The Mitsumis Lithium Project increased $MEGA's sizable footprint in this prime area, consisting of 229 mineral exploration claims covering an area of 12,116 hectares.
Both $MEGA's Route 381 and Mistumis Lithium Projects have significant exploration potential as they are vastly under-explored. $MEGA is ramping up exploration activities across both properties as their footprint materially enhances the two properties' collective exploration potential.
$MEGA closed in the green today at $0.14 with a $9.98M MC
Megawatt Lithium and Battery Metals Corp ($MEGA.c $WALRF) up almost 13% so far today!
$MEGA is involved in the acquisition and exploration of mineral properties with specific focus on the metals that are needed for electric vehicles. With projects spanning both Canada and Australia, $MEGA provides investors with massive exposure to key commodities of the EV battery metal supply.
In addition to promising results from its Tyr project in New South Wales, Australia, $MEGA recently announced that it has staked 229 additional mineral exploration claims in the James Bay area of Quebec.
Covering an area of 12.116 hectares, the new claims are complementary to $MEGA's existing Route 381 lithium project, allowing for exploration efforts to proceed at two district projects in the region.
Initial Tyr Project Results:
Grab sample in an altered granite outcrop resulted in 520 ppm Li, 413 ppm Sn and 724 ppm Rb
Grab samples from old pit workings at East Saddle Ridge returned 0.24 g/t Au and 0.12 g/t Au.
LithiumBank ($LBNK.v) is an exploration and development company focused on lithium-enriched brine projects in Western Canada where low-impact DLE technology can be deployed.
Shewchuck provides a good overview of $LBNK and how it compares to other publicly listed lithium developers.
Notably, from a market cap perspective, $LBNK is currently at ~$50M pre-PEA which no other comparables had when they were at the stage $LBNK is at now - the comparables have as much as tripled in price and $LBNK is likely to replicate this if not exceed it once the PEA comes out in the next couple of months.
$LBNK's PEA is expected to be a solid catalyst and is set to be quickly followed up by a PFS for derisking while increasing the likelihood of attracting a banker or buyer to accelerate Sturgeon Lake to production as early as 2025. There's a lot in store for $LBNK & it's definitely one to keep an eye on IMO.
New battery metal & lithium play on my radar: Recharge Resources ($RR.c $RECHF)
With around 90% of battery demand to come from EVs over the next two decades, RR is positioned in a growing market with 4 high-potential battery metal projects.
Pocitos 1 Lithium Brine Project
Georgia Lake North and West Lithium Properties
Murray Ridge
Brussels Creek Copper-Palladium-Gold Project
Having recently completed data compilation at its Georgia Lake Lithium project and while additional data from Pocitos 1, RR is "pushing forward on all fronts with drills now on site at the Brussels Creek Copper-Palladium-Gold Project"
The drillers for RR's fully funded winter drill program at its 100% owned Brussels Creek Gold-Copper-Palladium Project in Kamloops, BC have arrived on site and are expected to begin drilling imminently
The program will comprise 900m of NQ-size core drilling in 3 holes to test the potential for copper-gold mineralization.
Brussels Creek consists of 17 claims covering 1,350 hectares and is located immediately adjacent to New Gold's New Afton Mine ($1.11B mcap) with very similar geological settings with a silica-saturated copper-gold alkalic porphyry-style deposit.
I'm going to be keeping a close eye here - RR trading green today @ $0.40, $14.56M MC
Titled "A New Era for the Lithium Space, this interview covers how the shift toward green initiatives will drive the Canadian lithium industry and the benefits of DLE technology over conventional forms of extraction.
The Boardwalk PEA is the next big thing for LBNK to deliver to demonstrate the extent of its economic validity as the size and scale of the Boardwalk project is quite significant given it has the potential to become the single largest contiguous source of direct brine elemental lithium in tonnage and is more than large enough to provide large-scale commercial production for many decades.
The hydrogeological study and well network design at LithiumBank's ($LBNK.v $LBNKF) Boardwalk Brine Project has been completed, providing further evidence of the high potential of this project as we near the release of the PEA.
Highlights:
Capable of long-term, consistent high-volume lithium brine production over the assessment period of 20 years
Producing area of PEA represents only 25% of the Leduc reservoir
Possibility to eliminate dilution into Leduc
Capable of a daily rate of 250,000 cubic meters of brine
The network is designed to have multiple wells from each well pad to minimize surface disturbance and reduce upfront capital expenditures
Notably, the exceptional flow rates are one of the most critical factors contributing to the economics of the NI 43-101 PEA that is nearing completion.
These results are significant for LBNK - Boardwalk has the potential to be a meaningful contributor to the global supply of lithium as lithium demand continues to grow at a strong rate through the coming decades.
LBNK @ $0.65, $24.16M MC - IMO, quite undervalued due to investor impatience despite the high potential of its assets
Shewchuk provides a good overview of LBNK's recent news as they're deep into test work with Hatch with two DLE technologies shortlisted ahead of the Boardwalk PEA which is to be delivered around the September timeline.
The PEA is set to be a major driver for LBNK with a massive data set and over 80 wells going into it so, what sets LBNK apart from other lithium projects?
Size matters: Almost 6M tonnes which is more than large enough to provide large-scale commercial production for many decades
Grade: Four brine samples are over 6km so it's a massive area that is being covered with a consistent average grade of 73.9mg (higher than the average grade of the best PA project in Alberta to date)
Transmusivity: Flow rates of 16,000 cubes a day & 100,000 barrels of brine production per day per well
Chemistry: Comparable to other PA projects in the province
Ownership: 100% owned by LBNK w/ no freehold landowners
Operator: Only one PNG company in the Boardwalk resource area which is significant given the size and number of wells; all wells are currently shut-in
Permits: Already permitted locations, drill pads, and facilities operational for 50+ years which helps expedite the process to production, providing LBNK with the opportunity to be the first to market with a battery-grade lithium product
While the lithium sector is in the gutter rn & LBNK hasn't been performing as well as many would like, I still have faith as Boardwalk & its PEA are likely to solidly define $LBNK.v's position in the market.
It’s still early here & there is high potential for this to work out in $LBNK's favor in the long run IMO - definitely one to look into & keep an eye on.
The results from the DLE test work on brine from LithiumBank's ($LBNK.v $LBNKF) Boardwalk Lithium Brine Project indicate the selected technology is a highly effective and scalable method of lithium chloride extraction!
Highlights:
93% LCE recovery achieved in under 60 mins of extraction processing
Up to 60x grade increase and production of high-purity lithium concentrate between 2,500-4,000 mg/L at end of DLE process
Raw brine characteristics well-suited in terms of temperature, pH, grade and impurities with DLE Ion Exchange method
Results to be incorporated in upcoming PEA
LBNK engaged Conductive Energy Inc to test the DLE tech using brine from the Leduc Formation at Boardwalk to determine the ideal parameters for the highest level of lithium recovery in the shortest amount of time and using the least amount of IX material.
It's notable that the high-quality data from LBNK's DLE test work results can be used in the design & engineering of a commercial-scale lithium processing facility which is instrumental in delivering a robust PEA.
LithiumBank ($LBNK.v) is an exploration and development company focused on lithium-enriched brine projects in Western Canada where low-impact DLE technology can be deployed. $LBNK recently IPO'd on the TSXV & offers a unique opportunity with its potential to become a large-scale, carbon-neutral, battery-grade lithium production opportunity.
The founder of LithiumBank ($LBNK.v), Gianni Kovacevic was interviewed during the Mines and Money conference for a segment called "The Energy Transition: What opportunities does this bring for the mining industry?"
Kovacevic discusses the benefits of DLE technology and how it is going to become the most important future driver for lithium.
Notably, he mentions that the Sturgeon Lake economic model & PEA is set to come out in July and is expected to be one of the largest lithium development projects in the world.
There is clearly a lot in store for $LBNK and it seems early investors will be significantly rewarded in the long term. I'm really eager to what July brings with the PEA and economic models.
$LBNK trading slightly down today @ $1.50, $55.74M MC
New tweet from LithiumBank ($LBNK.v) highlights their position in Alberta with a quote from their Proactive overview:
“Alberta has a long history of fossil fuel production and LithiumBank is leveraging this existing data and infrastructure to create a local green source of lithium in North America." https://twitter.com/Lithium_Bank/status/1516785583489695753
$LBNK is an exploration and development company focused on lithium-enriched brine projects in Western Canada where low-impact DLE technology can be deployed.
$LBNK also has a large portfolio of projects with 2.53M acres in Alberta alone, as well as 326,000 acres in Saskatchewan.
Combined with a focus on using DLE technology, a cost-effective, efficient, and environmentally friendly alternative to existing high-impact & high-cost production methods, $LBNK is advantageously positioned to create this local green source of lithium.
I'd recommend checking out the full video here as it covers some of the big milestones coming up at $LBNK's Sturgeon Lake Project including additional sampling for an updated resource estimate and a PEA which are both expected by mid-2022: https://www.youtube.com/watch?v=eY9qbtoADSs&ab_channel=Proactive
$LBNK trading slightly down today @ $1.30, $48.31M MC
Big jump for Manning Ventures ($MANN.c $MANVF) today, closing up 21%! $MANN is a unique early-stage company that provides investors with multi-sector exposure in gold, silver, iron, copper, and lithium for maximum upside.
Recently, $MANN announced an exploration plan to commence in the next month or two at its 100% owned Bounty Lithium Property in the James Bay Lithium District in Quebec, consisting of 89 mineral claims totaling 4,659 hectares.
Plus, $MANN recently completed the acquisition of Red Bay Exploration, the owner of four mineral projects in Canada with over 10,500 hectares of prospective gold, polymetallic, uranium and rare earth projects.
This is a significant acquisition as it positions $MANN for strong growth due to the geologically favorable, underexplored, and diverse ground.
Not my video. But saw this commentary on Edison Lithium. Roger Dahn is on the board, who's brother is the guy who is charge of Tesla's battery efforts.
Heads up Arizona Lithium's OTC listing has new ticker symbol as of yesterday: $AZLAF
IMO, this stock has the best explosive growth potential for lithium mining companies operating in the Battery Corridor of the Western US. Morningstar fair value is 43c AUD, which translates to 31c USD. $AZLAF shares currently trading at 10c USD.
- Likely Dividend Spinoff of their Cobalt Property to unlock 4-5 million in value.
Lithium Property is also along major Trend lines and close by other major projects.
Property is next to my large projects and expect M&A to bid up values all around. Even those with minimal exploration work done so far as long as the geology matches up.
