LithiumBank Resources Corp. (TSE:LBNK) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
LithiumBank Resources Corp. has successfully sold its Estevan lithium brine project in Saskatchewan for CAD $15 million, exhibiting the effectiveness of their value creation model and strategy for non-dilutive capital generation. The company remains focused on advancing its remaining lithium brine projects in Alberta and Saskatchewan, with pilot DLE testing slated for the upcoming quarter. A finder’s fee of $112,000 was paid in association with the sale, while the company continues to hold significant land positions for lithium exploration.
For further insights into TSE:LBNK stock, check out TipRanks’ Stock Analysis page.