Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
LithiumBank Resources Corp. ( (TSE:LBNK) ) has shared an update.
LithiumBank Resources Corp. has signed a Development Agreement with a leading energy services and technology supplier to advance its Boardwalk lithium brine project in northwest Alberta toward commercial production by 2027, using licensed modular Direct Lithium Extraction technology. The partnership covers feasibility work, front-end engineering design, and engineering, procurement and construction, initially targeting up to 10,000 tpa of lithium carbonate from two DLE modules, with the ability to scale output in 5,000 tpa increments; the company expects this modular approach, combined with a royalty-based technology licence and support of up to $3.9 million in milestone-based funding from Emissions Reduction Alberta, to lower capital intensity, reduce development risk and environmental footprint, and strengthen Boardwalk’s position as a competitive, low-impact lithium source in North America.
Spark’s Take on TSE:LBNK Stock
According to Spark, TipRanks’ AI Analyst, TSE:LBNK is a Underperform.
LithiumBank Resources Corp. presents a challenging investment due to no revenue and persistent losses, impacting its financial performance score. However, its strong equity position and recent positive corporate events provide a glimmer of hope for future growth. Technical indicators and valuation reflect a cautious outlook, making this a speculative investment with significant risks.
To see Spark’s full report on TSE:LBNK stock, click here.
More about LithiumBank Resources Corp.
LithiumBank Resources Corp. is a Canadian mineral exploration and development company focused on lithium brine projects in Alberta, targeting battery-grade lithium carbonate production using Direct Lithium Extraction (DLE) technologies to serve the growing North American battery and electric vehicle supply chain.
Average Trading Volume: 119,472
Technical Sentiment Signal: Buy
Current Market Cap: C$37.17M
Find detailed analytics on LBNK stock on TipRanks’ Stock Analysis page.