LithiumBank Resources Corp. (TSX-V: LBNK) (OTCQX: LBNKF) is transforming the lithium industry in Canada. With groundbreaking Continuous Direct Lithium Extraction (DLE) technology, the company is making strides in its Boardwalk and Park Place projects in Western Canada.

Focus on Advanced Lithium Extraction Technologies

The adoption of G2L Greenview’s continuous DLE technology has positioned LithiumBank at the forefront of lithium extraction. This innovative method reduces costs and enhances lithium recovery, making it a game-changer in the industry.

Significant Findings in Resource Estimates

LithiumBank announced a National Instrument 43-101 resource estimate of 21.7 million tonnes of lithium carbonate equivalent (LCE) at the Park Place project. Situated approximately 50 km south of the Boardwalk project, Park Place offers a massive resource potential with a grade of 80.2 mg/L lithium.

Advantages of Alberta’s Geography and Infrastructure

Alberta, Canada, serves as an ideal location for these projects due to its extensive existing infrastructure originally built for oil production. The benefit of already having well pads and roads in place cannot be overstated. Moreover, a supportive government streamlines the permitting process, providing a quicker path to project development.

Economic Viability and Operational Efficiency

LithiumBank’s Boardwalk project’s revised Preliminary Economic Assessment reveals reduced operating costs and increased recovery rates due to the adoption of G2L technology. These enhancements improve the project’s net present value (NPV) and elevate its economic prospects significantly.

Partnerships and Development Collaboration

Collaboration with renowned companies like Schlumberger and Hatch aids in advancing LithiumBank’s projects. These partnerships bring in vital subsurface expertise and technology, furthering the projects’ development and potential longevity.

The Future of LithiumBank’s Projects

Looking ahead, LithiumBank is focused on expanding its pilot plant operations. The recently deployed 10,000-litre-per-day DLE pilot plant harnesses decades of engineering expertise, setting a robust foundation for additional project achievements.

LithiumBank’s dedication to innovative technology and efficient processes underscores its pivotal role in the lithium industry’s evolution.

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