Monday, September 11, 2023

Calgary, Alberta based LithiumBank Resources Corp. (TSX-V: LBNK) (OTCQX: LBNKF) announced it has entered into an intellectual property license agreement on September 8th 2023 with G2L Greenview Resources Inc., a subsidiary of Go2Lithium Inc., whereby G2L shall grant to the Company a license in Alberta and Saskatchewan for a full suite of continuous ion exchange technologies.  

According to the release, the Direct Lithium Extraction technology will be used to extract lithium salts from enriched brines present at the Company’s lithium development projects.

“G2L is delighted to be partnering with LithiumBank” said Livia Mahler, CEO of G2Lithium Inc. “The Canadian Prairies and Alberta in particular, are home to world class lithium brine assets that have the ideal combination of grade, deliverability and porosity needed for economic development and extraction. Alberta-based LithiumBank holds the largest land package and confined brine volumes in the province and is led by a seasoned team of experts. Our technology solutions have been developed over two decades to maximize recoveries from low concentration feed sources, similar to those hosted in the Boardwalk and Park Place projects. The test work on LithiumBank brines gives us confidence that we can add significant value as we work together with their engineering team to update the Boardwalk PEA and further feasibility assessments.”

LithiumBank Resources Corp. is focused on developing its two flagship projects, Boardwalk and Park Place, in Western Canada. The Company holds 2,480,196 acres of brown-field lithium brine permits, across 3 districts in Alberta and Saskatchewan.

Shares are trading up 13 cents at $1.35