Saskatchewan Group

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.

LithiumBank Commences Hydrogeological Study at South and Estevan Projects in Its Saskatchewan District to Support Preparation of Lithium Resource Estimates

Retrieved on: 
Wednesday, March 8, 2023

Figure 1: Map of LithiumBank’s South and Estevan Projects showing recent lithium brine sample results.

Key Points: 
  • Figure 1: Map of LithiumBank’s South and Estevan Projects showing recent lithium brine sample results.
  • The Duperow Formation in southern Saskatchewan is an unconfined aquifer with elevated lithium concentrations in petrobrines.
  • Lithium grades in the area range from 64 to 259 mg/l in samples taken by neighbouring operators directly adjacent to the Estevan Property.
  • The highest lithium value of 259 mg/L was taken ~4 km to the west of the Estevan Property.

North America's Lithium Hot Spot Hits Record Results

Retrieved on: 
Thursday, February 23, 2023

LONDON, Feb. 23, 2023 /PRNewswire/ -- With EV sales set to triple by 2026 and auto giants committing tens of billions of dollars in a massive push to boost battery production for American EVs, the race to the finish line for new lithium supplies will help define this space in 2023. Mentioned in today's commentary includes: Lithium Americas Corp. (NYSE: LAC), Turquoise Hill Resources Ltd. (NYSE: TRQ), Teck Resources (NYSE: TECK), Albemarle Corporation (NYSE: ALB), Sociedad Química y Minera de Chile (NYSE: SQM).

Key Points: 
  • Lithium Ionic Corp (LTH) has gained nearly 60% in the same time period, and Lithium Bank Resources Corp (LBNK) is up over 31% .
  • EMP is focused on low-cost, high-impact lithium exploration projects, and the Duperow Formation, where much of the lithium investor attention is now focused, is exactly that.
  • That means that EMP's latest lithium brine test results appear to be of higher concentrations than anything previously recorded by the Canadian government.
  • Under the deal, SQM will supply battery-grade lithium carbonate and lithium hydroxide to LG Energy Solution between 2021 and 2029.

North America's Lithium Hot Spot Hits Record Results

Retrieved on: 
Thursday, February 23, 2023

LONDON, Feb. 23, 2023 /PRNewswire/ -- With EV sales set to triple by 2026 and auto giants committing tens of billions of dollars in a massive push to boost battery production for American EVs, the race to the finish line for new lithium supplies will help define this space in 2023. Mentioned in today's commentary includes: Lithium Americas Corp. (NYSE: LAC), Turquoise Hill Resources Ltd. (NYSE: TRQ), Teck Resources (NYSE: TECK), Albemarle Corporation (NYSE: ALB), Sociedad Química y Minera de Chile (NYSE: SQM).

Key Points: 
  • Lithium Ionic Corp (LTH) has gained nearly 60% in the same time period, and Lithium Bank Resources Corp (LBNK) is up over 31% .
  • EMP is focused on low-cost, high-impact lithium exploration projects, and the Duperow Formation, where much of the lithium investor attention is now focused, is exactly that.
  • That means that EMP's latest lithium brine test results appear to be of higher concentrations than anything previously recorded by the Canadian government.
  • Under the deal, SQM will supply battery-grade lithium carbonate and lithium hydroxide to LG Energy Solution between 2021 and 2029.

LithiumBank Details Kindersley, Saskatchewan Asset Development Strategy

Retrieved on: 
Tuesday, February 14, 2023

CALGARY, Alberta, Feb. 14, 2023 (GLOBE NEWSWIRE) -- LithiumBank Resources Corp. (TSX-V: LBNK) (OTCQX: LBNKF) (“LithiumBank” or the “Company”) is pleased to provide a project update and detail the current development strategy for LithiumBank’s Kindersley Lithium Project (“LKLP”) located near Kindersley, Saskatchewan, Canada that makes up part of its Saskatchewan district portfolio of 100% Crown land.

Key Points: 
  • CALGARY, Alberta, Feb. 14, 2023 (GLOBE NEWSWIRE) -- LithiumBank Resources Corp. (TSX-V: LBNK) (OTCQX: LBNKF) (“LithiumBank” or the “Company”) is pleased to provide a project update and detail the current development strategy for LithiumBank’s Kindersley Lithium Project (“LKLP”) located near Kindersley, Saskatchewan, Canada that makes up part of its Saskatchewan district portfolio of 100% Crown land.
  • The Company’s initial focus for LKLP was to target areas within the Duperow Formation reservoir that had the following characteristics:
    Following these criteria, LithiumBank acquired 111,282 acres of Crown mineral permits.
  • LithiumBank is also encouraged by positive lithium brine sampling results obtained by contiguous operators, and expects to continue to invest in LKLP.
  • LithiumBank plans to further test, sample and analyse the reservoir at LKLP to support an initial Preliminary Economic Assessments (PEA) expected to be completed in H2/23.

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.

LithiumBank Completes Hydrogeological Study and Commences Preparation Of NI 43-101 Technical Report at Kindersley, Saskatchewan

Retrieved on: 
Wednesday, November 9, 2022

The hydrogeological study was carried out by Matrix Solutions Inc. (Matrix).

Key Points: 
  • The hydrogeological study was carried out by Matrix Solutions Inc. (Matrix).
  • Encouraged by two anomalous lithium brine samples collected from the Duperow Formation in 2017 by the Saskatchewan Geological Survey, LithiumBank established a strategic core position in December 2021.
  • The study is a compilation of all available data in the area from historic and ongoing hydrocarbon activities.
  • The purpose of the study is to provide the level of detail required in preparing a NI 43-101 compliant technical report and ultimately, to evaluate the Kindersley Projects potential for future lithium-brine production.

Prairie Lithium Acquires Oil Wells Slated for Abandonment to Advance their Lithium Resource Research

Retrieved on: 
Wednesday, September 21, 2022

PRAIRIE LITHIUM CORPORATION (Prairie Lithium or the Company) acquired three additional wells from a Saskatchewan based Oil Producer that were set to be abandoned due to the wells limited oil production.

Key Points: 
  • PRAIRIE LITHIUM CORPORATION (Prairie Lithium or the Company) acquired three additional wells from a Saskatchewan based Oil Producer that were set to be abandoned due to the wells limited oil production.
  • Although the wells no longer have use for oil production, they do provide Prairie Lithium with the opportunity to access the production and disposal formations required for its lithium operations.
  • This deal saved the Oil and Gas Company the cost of abandoning the wells and saved Prairie Lithium the cost of drilling entirely new wells.
  • Prairie Lithium is a private lithium resource and technology developer situated in the heart of the resource-rich Williston Basin in Saskatchewan, Canada.