Kindersley

LithiumBank Provides Pilot Plant Update

Retrieved on: 
Thursday, November 9, 2023

CALGARY, Alberta, Nov. 09, 2023 (GLOBE NEWSWIRE) -- LithiumBank Resources Corp. (TSX-V: LBNK) (OTCQX: LBNKF) (“LithiumBank” or the “Company”) is pleased to provide a progress update on the commissioning of its continuous Direct Lithium Extraction (cDLETM) pilot plant licensed from G2L Greenview Resources Inc. (“G2L”).

Key Points: 
  • CALGARY, Alberta, Nov. 09, 2023 (GLOBE NEWSWIRE) -- LithiumBank Resources Corp. (TSX-V: LBNK) (OTCQX: LBNKF) (“LithiumBank” or the “Company”) is pleased to provide a progress update on the commissioning of its continuous Direct Lithium Extraction (cDLETM) pilot plant licensed from G2L Greenview Resources Inc. (“G2L”).
  • The pilot plant is undergoing final improvements at the Clean TeQ Water facility in Melbourne Australia prior to shipment to Canada.
  • When these modifications are complete (expected November 2023), the pilot plant will be packed into four shipping containers and transported to LithiumBank facilities, currently being constructed in Calgary AB, Canada.
  • LithiumBank’s pilot plant is expected to test G2L’s DLE technology at reservoir temperatures at a rate of up to 10,000 L per day.

Demand Still Growing for Lithium Mining Market That's Projected To Reach $516 Million In 2028

Retrieved on: 
Wednesday, September 6, 2023

/PRNewswire/ -- The remarkable development in lithium production has led to the growth of its demand all over the world. Revolution in various fields, such as automobile, glass and ceramics, medical, air treatment, and polymer production, has led to industrialization and urbanization, making metal a vital development element. Mining supplies are used for batteries for electric vehicles. The growing industrialization and urbanization have given rise to the demand for power in the world. The rising functions of the digitized world require a lot of electrical power. The dependence on process automation and round-the-clock network usage has given rise to the high demand for a consistent power supply, a key driving factor for the energy storage sector.  A report from Fortune Business Insights projected that the Global Lithium Mining Market is projected to grow to USD 516.22 million in 2028 at a CAGR of 6% in the 2021-2028 period. The rise in CAGR is attributable to this market's demand and growth, returning to pre-pandemic levels once the pandemic is over.  The report said: "The high demand for power because of the surging urbanization and industrialization worldwide would affect growth positively. It would result in the increasing demand for lithium-ion batteries for storing the excessive energy." Active mining companies in the markets this week include:  Indigo Exploration Inc. (OTCQB: IXIXF) (TSX-V: IXI), Livent Corporation (NYSE: LTHM), Lithium Americas Corp. (NYSE: LAC) (TSX: LAC), E3 LITHIUM LTD. (OTCQX: EEMMF) (TSXV: ETL), Albemarle Corporation (NYSE: ALB).

Key Points: 
  • A report from Fortune Business Insights projected that the Global Lithium Mining Market is projected to grow to USD 516.22 million in 2028 at a CAGR of 6% in the 2021-2028 period.
  • The rise in CAGR is attributable to this market's demand and growth, returning to pre-pandemic levels once the pandemic is over.
  • The report said: "The high demand for power because of the surging urbanization and industrialization worldwide would affect growth positively.
  • Fortune Business Insights continued: "By source, the lithium mining industry is categorized into brine and hard rock.

Demand Still Growing for Lithium Mining Market That's Projected To Reach $516 Million In 2028

Retrieved on: 
Wednesday, September 6, 2023

/PRNewswire/ -- The remarkable development in lithium production has led to the growth of its demand all over the world. Revolution in various fields, such as automobile, glass and ceramics, medical, air treatment, and polymer production, has led to industrialization and urbanization, making metal a vital development element. Mining supplies are used for batteries for electric vehicles. The growing industrialization and urbanization have given rise to the demand for power in the world. The rising functions of the digitized world require a lot of electrical power. The dependence on process automation and round-the-clock network usage has given rise to the high demand for a consistent power supply, a key driving factor for the energy storage sector.  A report from Fortune Business Insights projected that the Global Lithium Mining Market is projected to grow to USD 516.22 million in 2028 at a CAGR of 6% in the 2021-2028 period. The rise in CAGR is attributable to this market's demand and growth, returning to pre-pandemic levels once the pandemic is over.  The report said: "The high demand for power because of the surging urbanization and industrialization worldwide would affect growth positively. It would result in the increasing demand for lithium-ion batteries for storing the excessive energy." Active mining companies in the markets this week include:  Indigo Exploration Inc. (OTCQB: IXIXF) (TSX-V: IXI), Livent Corporation (NYSE: LTHM), Lithium Americas Corp. (NYSE: LAC) (TSX: LAC), E3 LITHIUM LTD. (OTCQX: EEMMF) (TSXV: ETL), Albemarle Corporation (NYSE: ALB).

Key Points: 
  • A report from Fortune Business Insights projected that the Global Lithium Mining Market is projected to grow to USD 516.22 million in 2028 at a CAGR of 6% in the 2021-2028 period.
  • The rise in CAGR is attributable to this market's demand and growth, returning to pre-pandemic levels once the pandemic is over.
  • The report said: "The high demand for power because of the surging urbanization and industrialization worldwide would affect growth positively.
  • Fortune Business Insights continued: "By source, the lithium mining industry is categorized into brine and hard rock.

LithiumBank Receives Conditional Acceptance from the TSX Venture Exchange for its Sale of Saskatchewan Projects to Pristine Lithium Corp.

Retrieved on: 
Thursday, August 31, 2023

CALGARY, Alberta, Aug. 31, 2023 (GLOBE NEWSWIRE) -- LithiumBank Resources Corp. (TSX-V: LBNK) (OTCQX: LBNKF) (“LithiumBank” or the “Company”) is pleased to provide the following update regarding the proposed sale (the “Transaction”) of the Company’s three lithium brine projects, Estevan, Kindersley and South located in Saskatchewan, Canada to Pristine Lithium Corp. (“Pristine Lithium” or the “Buyer”).

Key Points: 
  • CALGARY, Alberta, Aug. 31, 2023 (GLOBE NEWSWIRE) -- LithiumBank Resources Corp. (TSX-V: LBNK) (OTCQX: LBNKF) (“LithiumBank” or the “Company”) is pleased to provide the following update regarding the proposed sale (the “Transaction”) of the Company’s three lithium brine projects, Estevan, Kindersley and South located in Saskatchewan, Canada to Pristine Lithium Corp. (“Pristine Lithium” or the “Buyer”).
  • The Transaction is proceeding as announced in the Company’s news release dated July 31, 2023 and the parties are continuing to work together to close the Transaction.
  • The Company received conditional acceptance from the TSX Venture Exchange (the “TSXV”) for the Transaction.
  • The Transaction has an outside date of January 24, 2024.

LithiumBank Announces Sale of Saskatchewan Projects to Pristine Lithium Corp.

Retrieved on: 
Monday, July 31, 2023

“The strategic sale of our Saskatchewan Assets to Pristine Lithium will expedite the unlocking of our Saskatchewan properties true potential while allowing LithiumBank to maintain a level of ownership of these assets.

Key Points: 
  • “The strategic sale of our Saskatchewan Assets to Pristine Lithium will expedite the unlocking of our Saskatchewan properties true potential while allowing LithiumBank to maintain a level of ownership of these assets.
  • “We look forward to being supportive partners as Pristine becomes the lithium brine leader in Saskatchewan.”
    “With this transaction, we are excited to be taking the first step towards creating a leading lithium brine developer based in Saskatchewan,” commented Nikolas Matysek, CEO of Pristine Lithium.
  • Figure 1: LithiumBank's Saskatchewan lithium brine projects under agreement to be sold to Pristine Lithium.
  • Neighbouring lithium exploration activities, adjacent to the Company’s South property have reported lithium grades ranging between 98 and 172 mg/L lithium.

Grounded Lithium Selects Koch Technology Solutions as Lithium Extraction Provider

Retrieved on: 
Thursday, May 25, 2023

CALGARY, AB, May 25, 2023 /PRNewswire/ - (TSXV: GRD) (OTCQB: GRDAF) - Grounded Lithium Corp. ("GLC" or the "Company") is pleased to announce our direct lithium extraction ("DLE") selection process, as previously communicated, reached a positive conclusion.

Key Points: 
  • CALGARY, AB, May 25, 2023 /PRNewswire/ - (TSXV: GRD) (OTCQB: GRDAF) - Grounded Lithium Corp. ("GLC" or the "Company") is pleased to announce our direct lithium extraction ("DLE") selection process, as previously communicated, reached a positive conclusion.
  • Based on very encouraging lab results for the chemistry of the Kindersley Lithium Project brine (the "KLP Brine"), the Company selected Koch Technology Solutions ("KTS"), a Koch Engineered Solutions ("KES") company, and its proprietary Li-Pro™ technology as the technology of choice for implementation in our upcoming field pilot.
  • The strength of these achieved results using the KTS technology accelerates our desire to move quickly towards field pilot testing.
  • KTS has been active in the lithium from brine industry, having recently entered into a joint development agreement with a significant North American lithium from brine developer.

Grounded Lithium Provides Update on Direct Lithium Extraction Selection Process and Further Lithium Concentration Testing

Retrieved on: 
Tuesday, May 9, 2023

CALGARY, AB, May 9, 2023 /PRNewswire/ - (TSXV: GRD) (OTCQB: GRDAF) - Grounded Lithium Corp. ("GLC" or the "Company") is pleased to provide an update on our direct lithium extraction ("DLE") selection process.

Key Points: 
  • CALGARY, AB, May 9, 2023 /PRNewswire/ - (TSXV: GRD) (OTCQB: GRDAF) - Grounded Lithium Corp. ("GLC" or the "Company") is pleased to provide an update on our direct lithium extraction ("DLE") selection process.
  • Large volumes of KLP Brine were shipped earlier in the month to both labs and extraction testing commenced in parallel.
  • Once received, these independent labs used industry accepted practices and equipment to determine brine chemistry, specifically testing for concentrations of lithium.
  • Isobrine received KLP Brine and performed controlled testing on our brine with an observed lithium concentration of 78 mg/l.

Grounded Lithium Announces Strategic Land Acquisition in Core Area

Retrieved on: 
Wednesday, March 1, 2023

Following the Closing, the Company's 300 section land position and development plan for the KLP is depicted in the following map.

Key Points: 
  • Following the Closing, the Company's 300 section land position and development plan for the KLP is depicted in the following map.
  • The acquisition adds 12% to the Company's prospective land base within the KLP, while adding 11% to the Company's overall land position.
  • Further, the acquisition of the Assets is competitive compared to recent Crown land sales in the nearby area where successful bids have exceeded $100/hectare.
  • The Company's total land acquisition price in the greater Kindersley area is approximately $16/hectare, as compared to the next most significant peer accumulating land at an average cost of approximately $41/hectare.

LithiumBank to Develop Boardwalk and Park Place Lithium Brine Projects After Successful Acquisition Campaign

Retrieved on: 
Thursday, February 2, 2023

LithiumBank’s successful exploration programmes and geological assessments have identified Boardwalk and Park Place as flagship district scale projects that possess key elements required for potential commercial development.

Key Points: 
  • LithiumBank’s successful exploration programmes and geological assessments have identified Boardwalk and Park Place as flagship district scale projects that possess key elements required for potential commercial development.
  • Additionally, LithiumBank expects to conduct detailed hydrogeological modeling and brine sampling at both Boardwalk and Park Place to further expand and upgrade the classification of their lithium resources to measured and indicated categories.
  • We will soon be completing a further resource estimate at Park Place and await receipt of a PEA of Boardwalk.
  • We are looking forward to a catalyst rich 2023 across our entire lithium brine portfolio.”
    Figure 1: LithiumBank Projects in Western Canada.

Grounded Lithium Provides Positive Operational Update on Recent Lithium Test Well and Associated Concentration Results

Retrieved on: 
Tuesday, December 13, 2022

CALGARY, AB, Dec. 13, 2022 /PRNewswire/ - (TSXV: GRD) (OTCQB: GRDAF)- Grounded Lithium Corp. ("GLC" or the "Company") is pleased to announce results from recent field activities.

Key Points: 
  • CALGARY, AB, Dec. 13, 2022 /PRNewswire/ - (TSXV: GRD) (OTCQB: GRDAF)- Grounded Lithium Corp. ("GLC" or the "Company") is pleased to announce results from recent field activities.
  • This was combined with other associated field work with respect to lithium concentration testing on both the 4-15 Well and third-party wells in the surrounding area.
  • The Company has been diligent in advancing operational results to determine the extent and economic potential of our Kindersley Lithium Project ("KLP").
  • The 4-15 Well completion provides critical fluid delivery information and lithium concentrations to assess economic potential of a lithium from brine operation.