Sponsored – Est. 8 Min Read
This under-the-radar company appears to be…
North American’s Fastest-Moving Lithium Profit Opportunity
With significant near-term catalysts, LithiumBank Resources (TSXV: LBNK); (OTC: LBNKF); (FRA: HT9) offers investors a unique, high-upside opportunity in North American direct brine lithium.
Here’s why this company – and its impressive properties – appear to be significantly undervalued right now.
North America’s urgent need for lithium has triggered a significant opportunity for investors in the lithium exploration space.
At this very moment, the supply-demand imbalance in the market is so great that any company showing clear potential for bringing new lithium supply to market in North America could quickly see a dramatic rise in valuation.
One under-the-radar North American lithium exploration company appears to be moving more quickly than any other in the space.
That company is LithiumBank Resources (TSXV: LBNK); (OTC: LBNKF); (FRA: HT9).
It’s a company led by a team with a proven track record of delivering value for investors…
And it recently announced a game-changing partnership with G2L Greenview Resources Inc. that gives the company a massive potential advantage over other lithium companies:
Importantly, this partnership provides LithiumBank Resources with access to best-in-class direct lithium extraction technology.
This partnership will give LithiumBank Resources access to one of Canada’s largest lithium brine pilot plants…and it will essentially “fast-track” the development of all the company’s lithium projects.
Led by Executive Chairman Paul Matysek – who has sold 6 publicly listed exploration and development companies worth over $2 billion combined – LithiumBank Resources is currently developing over 2.4 million acres in three district scale projects.
The company is focused on lithium-enriched brine projects where low-impact direct lithium extraction (DLE) technology can be deployed to advance these projects to production.
And it right now is poised to deliver high upside potential for investors as it continues to advance what appear to be two significant high-grade lithium properties in Western Canada.
Here now are six key reasons why investors should pay close attention to LithiumBank Resources (TSXV: LBNK); (OTC: LBNKF); (FRA: HT9) in the weeks ahead.
6 Key Reasons
Why LithiumBank Resources (TSXV: LBNK); (OTC: LBNKF); (FRA: HT9) Appears to Be the Best Way to Play the White-Hot Lithium Market for Maximum Upside Potential
Key Reason #1:
EV Demand is causing lithium prices to soar – and they could climb even higher in the months ahead.
Thanks to a historic surge in demand for electric vehicles – up 47% in the first half of 2023 from last year[i] – electric vehicle manufacturers are scrambling for new lithium sources to feed their battery manufacturing plants.
This surge in demand from EV manufacturing has caused lithium prices to more than triple over the past year.
Looking ahead, the IEA forecasts there will be a combined 145 million EV cars and trucks on the road by 2030. There were just 16.5 million on the road at the end of 2021.
The batteries for all these EV’s will require millions of tons of lithium.
In order for EV manufacturers to feed those new billion-dollar battery manufacturing plants they’re building – and to continue producing the lithium needed to power the batteries in smartphones, laptop computers and more – new sources of production need to be brought online as quickly as possible.
And that’s precisely where LithiumBank Resources (TSXV: LBNK); (OTC: LBNKF); (FRA: HT9) enters the picture, with a pair of impressive projects in Western Canada that appear to be advancing quickly.
Key Reason #2:
Lithium Bank Resources is developing a world class strategic battery grade lithium resource in Western Canada.
Over 1,100 wells exist on LithiumBank’s existing claims which could be leveraged to quickly and cost effectively establish large-scale lithium resources.
Billions of dollars have been spent to date by oil and gas companies on the infrastructure in the area – including roads, rail, pipelines and power – offering the potential to be repurposed for lithium production.
LithiumBank’s claims are positioned in reservoirs that provide a unique combination of scale, grade and exceptional flow rates that are necessary for direct brine lithium production.
The company’s two large flagship properties – covering over 2.17 million acres of mineral tiles – contain well-known, highly prospective brine aquifers where direct lithium extraction (DLE) technology may be effective.
Flagship Project #1: Boardwalk
The Boardwalk Lithium Brine Project is located in west-central Alberta, approximately 85 km east of the City of Grande Prairie and 270 km northwest of the City of Edmonton.
The Project consists of 30 Alberta Metallic and Industrial Mineral contiguous permits covering an area of 572,237 acres.
The Boardwalk Preliminary Economic Assessment (PEA) was released in May 2023 and it reported a pre-tax net present value of US $2.7 billion.
Boardwalk highlights:
- 31,350 metric tonnes per year of battery-grade lithium hydroxide monohydrate (LHM) over a 20-year period, the largest proposed LHM production in North America;
- $2.7-billion (U.S.) net present value (8 per cent) and 21.6-per-cent internal rate of return on a pretax basis;
- $1.7-billion (U.S.) NPV (8 per cent) and 17.8-per-cent IRR on an after-tax basis;
- Operating expense of $6,807 (U.S.)/tonne LHM;
- Direct lithium extraction (DLE) used to process Boardwalk brine will require less fresh water and have a surface footprint that is a fraction of hard-rock or evaporation lithium production;
- Located in Tier 1 jurisdiction, west-central Alberta, that has a long history of resource extraction, well-established infrastructure and an actively supportive government;
- Power to be generated on site using high-efficiency gas turbines with steam cogeneration that will lower the project’s overall carbon footprint. The proposed gas turbine units may be run on 80 per cent hydrogen when a reliable supply is available;
- Multiple opportunities to significantly enhance project economics through optimization, further engineering and pending incentive tax credit;
- Project economics used $26,000 (U.S.)/t LHM and provide strong leverage to higher lithium prices.
LithiumBank Resources’ Executive Chairman Paul Matysek said of the PEA for Boardwalk:
“We are very pleased to provide one of a handful of economic studies of DLE based lithium projects in the world. Over the last 15 months, our PEA has rigorously tested or assessed over a dozen DLE technologies, completed multiple trade off studies and has established Boardwalk as an economically viable project in the new post-pandemic financial environment. Boardwalk is unique with an uncomplicated mineral title containing a 6.2M tonne LCE brine resource that has the potential to produce battery grade LHM for 20 years, right here in North America. Furthermore, there is potential for substantial upside on these economics from the recently announced Canadian Investment Tax Credit and other numerous optimization opportunities.”
Flagship Project #2: Park Place
LithiumBank’s Park Place Lithium Brine Project is located 180 kilometers west of Edmonton, Alberta and 50 kilometers south of the company’s Boardwalk project.
In February 2023 a hydrogeological study on the property was completed by Matrix Solutions Inc.
This study indicates that the Park Place Lithium Brine Project hosts the largest lithium-bearing brine, by volume, held by a single operator in North America at 76.3 km3 of brine (76.3 B m3).
LithiumBank CEO Rob Shewchuk said of the study, “We are very proud to report the largest reported lithium brine project by volume in North America…76.3 km3 is an enormous volume of lithium-rich brine with favorable porosity, formation thickness, and lithium grades.”
The entire brine is wholly contained within the 1.57 M acre project that is endowed with modern infrastructure and abundant geological data from decades of oil & gas activity.
Historic lithium brine samples on the property assayed 76-130 mg/L Li while initial sampling from January 17, 2023 delivered up to 82 mg/L Li.
Key Reason #3:
Game-changing partnership with G2L Greenview Resources provides access to best-in-class extraction technology…and one of Canada’s largest reported lithium brine pilot plants.
In September 2023, LithiumBank Resources (TSXV: LBNK); (OTC: LBNKF); (FRA: HT9) that it had entered into an intellectual property license agreement with G2L Greenview Resource Inc.
This agreement provides LithiumBank Resources with access to a full suite of continuous ion technologies to extract lithium salts from enriched brines present at the company’s development projects.
Here’s why this technology is so important:
Preliminary resting indicates that this extraction technology can reduce operating costs at the company’s Boardwalk project by increasing lithium recovery and selectivity, reducing reagent costs, and improving the lithium concentrate.
G2L will also provide LithiumBank Resources with access to a deployment-ready pilot plant that has been previously operating in Australia. Modifications to the pilot plant are almost complete and it is expected to be shipped in October to Alberta.
This pilot plant will have a nameplate throughput capacity of 8,000 to 10,000 L per day, making it one of the largest DLE pilot plants in North America.
Access to a dedicated DLE pilot plant will significantly accelerate LithiumBank’s test work program and provide the necessary design parameters for inclusion in feasibility studies for its Boardwalk, Park Place, and Saskatchewan lithium development properties.
Key Reason #4:
Direct comparable companies show significant growth potential for LithiumBank Resources (TSXV: LBNK); (OTC: LBNKF); (FRA: HT9).
By focusing on direct lithium extraction (DLE), LithiumBank Resources enjoys several advantages over conventional lithium production sources.
Hard rock and salar lithium come with high production costs…long development timelines…and significant environmental challenges.
But DLE brine is much faster to bring to market – something that is especially critical now – as well as less costly and environmentally friendly.
LithiumBank Resources (TSXV: LBNK); (OTC: LBNKF); (FRA: HT9) is currently on a small list of comparable companies, as there are only a handful of direct brine lithium opportunities in North America.
And when you look at that list – you can see the extraordinary potential for LithiumBank Resources:
Each of the other three companies on this list has a market cap significantly higher than LithiumBank Resources does at the moment.
Just two years ago, however – when these companies were at a stage similar to where LithiumBank is currently – they each had market caps of less than $50 million.
So you can see just how much growth they’ve seen in a short period of time.
LithiumBank Resources’ expectation is that by the end of 2023 it will have as many as three PEAs released – on up to three projects – with potentially more lithium tonnage under PEA than all three of the companies on this list combined.
Yet the company’s market value remains just a fraction of both E3 Lithium and Standard Lithium.
This appears to be a significantly undervalued opportunity when compared with the other direct brine lithium companies in North America…one with the potential to move very quickly.
A closer look at how LithiumBank Resources – and its Boardwalk project – compares to E3 Lithium and its Clearwater lithium project reveals just how much upside there could be with LithiumBank Resources (TSXV: LBNK); (OTC: LBNKF); (FRA: HT9):
Key Reason #5:
LithiumBank Resources’ Boardwalk Project could be Western Canada’s easiest permittable direct brine lithium project.
When most people evaluate a lithium property, they first think of the project’s geology, grade and deliverability.
One of the characteristics that is most overlooked, however, is how permittable a project can be for the company.
That is a huge issue because obtaining necessary permits is a critical part of the process…and it’s not calculated in any pricing projection.
The reality, however, is that whoever gets their lithium to market first will receive hugely preferential pricing.
The “secret sauce” in getting to market first is the company who can fly through the permitting process. That means a company that has few oil and gas operators in the region…zero (or few) farmers and ranchers with claims in the acreage…and zero (or few) producing wells to consider for potential impact.
Now here’s the good news for LithiumBank Resources: The company owns 100% of the claims at Boardwalk with no freehold parties. And there is just one oil and gas operator in the area to consider.
This means that when the company is ready to move forward, it believes it will move through the permitting process much more quickly than other direct brine lithium companies…which would allow it to be first into the market and receive premium pricing for its lithium.
Simply put, LithiumBank’s Boardwalk Project is called “Boardwalk” for a very good reason: It’s in the optimum position on the monopoly board of Western Canada’s direct brine lithium opportunities when it comes to obtaining permits and approvals.
Key Reason #6:
LithiumBank Resources is led by a team with proven history of delivering value for shareholders in the exploration and development space.
LithiumBank is run by a highly skilled management team that brings significant industry and governance experience, along with an accomplished board of directors that offer a broad array of experiences.
* Executive Chairman Paul Matysek, M.Sc. (Geochem), is a geologist/geochemist and entrepreneur with over 40 years of experience in the mining industry. During his tenure as CEO or Executive Chairman, Mr. Matysek was involved in the sale of five publicly listed exploration and development companies with aggregate value greater than $2 billion.
More recently, Mr. Matysek served as Executive Chairman of Lithium X Energy Corp., which was sold to Nextview New Energy Lion Hong Kong Limited for $265 million in cash. He was previously CEO of Lithium One, which merged with Galaxy Resources of Australia to create a multi-billion-dollar integrated lithium company.
* Chairman and CEO Robert Shewchuk has 25 years of experience in the capital markets and served as Chairman of Standard Securities Capital Corp. as well as Managing Director of Wolverton Securities, Ltd.
Mr. Shewchuk currently serves on the Board of Directors of Graphene Manufacturing Group Pty Ltd., Hydroflex Global Pty Ltd and Spectre Capital Corp. He is a Partner and Director of Caerus Capital Partners Inc.
* Chief Operating Officer Kevin Piepgrass is a University of Alberta graduate and professional geologist registered at APEGBC.
Mr. Piepgrass has over 15 years of experience managing the exploration and development of commodities including gold, silver, copper, lithium and rare earth elements. He is a Qualified Person pursuant to National Instrument 43-101 standards for disclosure for mineral projects.
* Vice President of Exploration Jon LaMothe has 15 years of experience in the oil and gas industry in Canada, the United States, and abroad. Mr. LaMothe has held positions at junior, intermediate, and major oil and gas companies, including Tasman Exploration, Black Swan Energy, and Talisman Energy.
He led the discovery of several fields with over two billion dollars spent to date on targets he identified. He helped bring Black Swan Energy from no production to making Black Swan Energy the fourth largest private producer of oil and gas in Canada.
* Director Katya Zotova has spent 25 years in strategy and corporate finance, private equity and investment banking across Europe, Middle East, Africa, Asia and the Americas. Ms. Zotova is currently an Advisor on Energy Transition, Infrastructure and Industrials at Antler VC Fund and a non-executive director for Harland & Wolff plc. Prior to joining Antler, Ms. Zotova led Investment Banking Coverage for Corporates across Europe, Middle East and Africa for Mizuho International plc, acted as a Senior Advisor on M&A and Private Equity for McKinsey & Co.
It’s a company led by a team with a proven track record of delivering value for investors…
And it recently announced a game-changing partnership with G2L Greenview Resources Inc. that gives the company a massive potential advantage over other lithium companies:
has sold 6 publicly listed exploration and development companies worth over $2 billion combined
Investor’s Summary:
LithiumBank Resources (TSXV: LBNK); (OTC: LBNKF); (FRA: HT9) offers investors smart exposure to the white-hot lithium market with an investment in North American development. The company is led by a team with a proven track record of delivering value for investors – including Executive Chairman Paul Matysek, who has sol 6 publicly listed exploration and development companies worth over $2 billion combined.
LithiumBank’s high-upside, lithium-rich properties are well positioned for “fast track” development thanks to the company’s partnership with G2L Greenview Resources, Inc., which provides access to best-in-class extraction technologies. Direct comparables – including E3 Lithium, with its $300 million market cap – show the potential that exists for LithiumBank Resources to see a rapid rise in its $47 million valuation.
Sources
[i] https://insideclimatenews.org/news/27072023/
inside-clean-energy-
ev-supply-demand-lower-
prices/#:~:text=In%20the%20
first%20half%20of,and%20
3.1%20percent%20in%202021.
[ii] https://www.benchmarkminerals.com/lithium-prices/
[iii] https://www.dallasfed.org/research/economics/2022/1011?
utm_source=newsletter&utm_medium=email&utm_campaign=
newsletter_axiosgenerate&stream=top
[iv] https://www.mining.com/web/tesla-confirms-
plans-to-build-lithium-refinery-in-texas%EF%BF%BC/
[v] https://techcrunch.com/2022/10/19/bmw-to-invest-1-7b-
to-build-evs-in-south-carolina/?
guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29
vZ2xlLmNvbS8&guce_referrer_sig=
AQAAAA91FNcyow8CViwOv5JOKGbiWm4yGoe40qhe
LBW7Ron2vP5fzrbxm5YTC9EDED2
CFBzbYeUxTk45wCrY5wX1nSsMU4HstjlWKIu5sTezkw
TChfz_kBKDrjUI9TBOkZscwz7VwTn
CKqnxwwSez4e_8DTpujmpbUe80MfUa-rtFLX2
[vi] https://www.cnbc.com/2022/10/11/hondas-new-4point
4-billion-ev-battery-plant-will-be-built-in-ohio.html
[vii] https://www.cnbc.com/2022/01/15/how-the-us-fell-way-
behind-in-lithium-white-gold-for-evs.html
[viii] https://www.nytimes.com/2021/05/07/business/the-electric-
vehicle-race-is-creating-a-gold-rush-
for-lithium-raising-environmental-concerns.html
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