Lithium Bank ($LBNK) | Feature

The publicly-traded company is developing the largest portfolio of unconventional direct brine lithium projects in North America.

Lithium Bank is developing the largest portfolio of unconventional direct brine lithium projects in North America.

The publicly-traded company holds over 3.5 million acres of strategically positioned mineral titles in Western Canada where low-carbon-impact, rapid DLE (direct lithium extraction) technology can be deployed.

Company Resources:

Overview: DLE Technology

Direct Lithium Extraction (DLE) technology is a disruptive method used to extract lithium in a more efficient and sustainable way. DLE processes enable extraction from lower-grade materials like geothermal brines, bringing more resources online, diversifying the supply of lithium, and reducing dependency on specific lithium-rich regions.

Market Snapshot

Symbol: TSXV: LBNK
Share Price: $0.93
Year High / Low: $1.72 / $0.62
Shares Outstanding: 46,376,439
Market Capitalization: $43.1 Million
1 Year Performance: +36.8% Chart

*All figures in Canadian Dollars. Lithium Bank shares are also listed in the United States (OTC:LNBKF) and Germany (FRA:HT9).

Recent News:

  • In September, Lithium Bank signed an IP licensing agreement for direct lithium extraction technology, pilot plant testing, and commercialization. They anticipate the pilot plant to commence processing in Q1 2024.

  • Lithium Bank is raising funds in a private placement at $1.00 per unit, with each unit including one share and one half purchase warrant at $1.50.

Leadership:

Lithium Bank is led by Executive Chairman Paul Matysek.

A geoscientist by training, Paul Matysek has 40 years of experience in the mining industry and has sold six publicly listed mineral exploration and development companies for an aggregate value of over $2.5 billion, including two lithium brine assets.

  • CEO of Gold X Mining, sold for $300 million in June 2021

  • Executive Chairman of Lithium X Energy, sold for $265 million in March 2018

  • CEO of Goldrock Mines, sold in all-share transaction to NYSE-listed Fortuna Silver Mines in July 2016

  • CEO of Lithium One, merged with Galaxy Resources to create multi-billion dollar integrated lithium company

  • CEO of Potash One, sold for $434 million in 2011

  • CEO of Energy Metals, grew from $10 million market cap in 2007 to approximately $1.8 billion when sold in 2007

Comparable: E3 Lithium

Operating Alberta’s first lithium pilot plant, E3 Lithium (TSXV: ETL) is an Alberta peer and neighbour of Lithium Bank. E3 Lithium has a current share price of $2.94 and a market capitalization of ~$220 million.

E3’s lithium extraction plant has been processing lithium brine since Q3 2023, whereas Lithium Bank’s plant is not expected to be online until Q1 2024.

The above data has been extracted from Lithium Bank’s investor presentation, with market capitalization figures updated to October 18th values.

For company specific questions, we recommend speaking directly with Lithium Bank management.

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