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LithiumBank Resources Corp.

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LithiumBank Resources Corp.

Investor website: https://www.lithiumbank.ca/

About

LithiumBank Resources Corp. (TSX-V: LBNK) (OTCQX: LBNKF) is a publicly traded lithium company focused on advancing its Boardwalk and Park Place lithium brine projects in Western Canada. At Boardwalk, the Company has signed a Development Agreement that includes binding DLE licensing terms with Schlumberger (“SLB”) and is advancing a modular development pathway supported by additional well ownership, bulk brine sampling, and ongoing process optimization. LithiumBank is working toward commercial lithium production through a phased approach designed to leverage existing infrastructure and reduce upfront capital intensity.

Verified company data

Cash position
not discovered
Shares outstanding
64.1 MM
Fully diluted shares
not discovered
Mineral resource
Boardwalk hosts the highest-grade measured and indicated lithium-brine resource currently reported in Alberta, with an average lithium concentration of 81.6 mg/L within the Leduc Formation. The project contains 5.2 million tonnes of measured and indicated lithium carbonate equivalent (“LCE”) and an additional 2.8 million tonnes inferred, positioning Boardwalk among the largest known lithium brine resources in North America. The effective date of the mineral resource estimate is February 20, 2025. Park Place hosts an inferred mineral resource of 15.1 million tonnes lithium carbonate equivalent (“LCE”) with an average lithium concentration of 80.0 mg/L, making it one of the largest reported lithium-brine resources in Canada. The effective date of the Park Place mineral resource estimate is June 24, 2024.
Projects
["Boardwalk: LithiumBank is advancing the 100%-owned Boardwalk Lithium Brine Project in west-central Alberta as one of North America’s compelling emerging lithium brine developments. Located approximately 85 kilometres east of Grande Prairie within a major and now depleted conventional oil reserve called South Sturgeon Lake oil field. This area was discovered in the 1950’s with hundreds of past producing oil and gas wells. Boardwalk combines scale, grade, infrastructure access, and Direct Lithium Extraction (“DLE”) technology in a development strategy designed to reduce capital intensity, accelerate timelines, and minimize environmental impact through use of historical infrastructure. Boardwalk hosts the highest-grade measured and indicated lithium-brine resource currently reported in Alberta, with an average lithium concentration of 81.6 mg/L within the Leduc Formation. The project contains 5.2 million tonnes of measured and indicated lithium carbonate equivalent (“LCE”) and an additional 2.8 million tonnes inferred, positioning Boardwalk among the largest known lithium brine resources in North America. The resource is supported by decades of historical oil and gas production data, extensive well control, and proven reservoir performance, which the Company believes reduces geological and operational uncertainty relative to many greenfield lithium projects. The effective date of the mineral resource estimate is February 20, 2025. Recent Milestones: In March 2026, LithiumBank announced that it had completed the transfer of the 1-12 well and now holds 100% ownership. The Company stated that the well acquisition and the data expected from the upcoming re-entry and completion program are intended to support work under the Development Agreement, including feasibility, front-end engineering design, and project development planning. In April 2026, LithiumBank announced that it had successfully collected 150 cubic metres of brine from its 100% owned 10-6 well to support long-cycle DLE optimization, polishing, downstream conversion work, and hydrogeological data collection. Development Pathway: A key differentiator for Boardwalk is LithiumBank’s strategy of leveraging Alberta’s existing oilfield infrastructure and technical expertise. The project area benefits from all-weather roads, existing well pads, pipelines, grid power, and a highly experienced workforce developed through more than 70 years of hydrocarbon production. By repurposing existing infrastructure and utilizing suspended oil and gas wells for re-entry and testing, LithiumBank aims to materially reduce upfront capital expenditures and shorten the path toward commercial production. LithiumBank is pursuing a phased and modular development approach centered around DLE technology that has been demonstrated at pilot scale. Through partnerships with SLB and other leading energy service and technology providers, the Company intends to advance Boardwalk using modular DLE processing units capable of scalable production growth in manageable increments. This strategy is designed to lower execution risk by avoiding the large upfront capital requirements typically associated with conventional lithium projects while providing flexibility to expand production alongside market demand. Boardwalk’s development model aligns with increasing industry and government focus on secure domestic critical mineral supply chains. The project has received support from the Government of Alberta through CAD$3.9 million in non-dilutive funding from Emissions Reduction Alberta (“ERA”), reflecting growing recognition of DLE-based lithium production as a strategic opportunity for the province’s energy transition and critical minerals sector.","Park Place: LithiumBank’s 100%-owned Park Place Project is one of the largest undeveloped lithium-brine assets in North America, strategically located in west-central Alberta within a mature energy-producing region with extensive infrastructure and year-round access. The project is positioned to benefit from Alberta’s regulatory environment, oilfield infrastructure, and a skilled workforce, providing a strong foundation for efficient future development. Park Place hosts an inferred mineral resource of 15.1 million tonnes lithium carbonate equivalent (“LCE”) with an average lithium concentration of 80.0 mg/L, making it one of the largest reported lithium-brine resources in Canada. The project targets the Devonian-aged Leduc and Swan Hills formations, both of which are well understood through decades of historic oil and gas production and extensive subsurface data. Reservoir continuity and deliverability are supported by more than 450 historical wells, 3D and 2D seismic coverage, and multiple lithium-brine analyses across the project area. The effective date of the Park Place mineral resource estimate is June 24, 2024. The project spans approximately 538,000 contiguous acres of Crown mineral licenses with no freehold royalties or carbon sequestration overlap, simplifying future development planning and reducing potential land-use conflicts. LithiumBank has also demonstrated strong technical results at Park Place through Direct Lithium Extraction (“DLE”) pilot testing conducted with SLB. Recent testing achieved approximately 95% lithium recovery and greater than 99% impurity rejection at pilot scale. The Company believes these results support the potential suitability of the project’s brine chemistry for modern DLE processing technologies designed to produce battery-grade lithium products with a smaller environmental footprint than conventional evaporation methods. As LithiumBank advances Boardwalk toward commercial production, Park Place represents a significant long-term development asset within the Company’s portfolio and provides additional scalability to support future North American critical mineral supply chains."]
Leadership
Paul Matysek (Executive Chairman, Mr. Matysek is a geoscientist by training, a successful alpha entrepreneur and consistent creator of shareholder value with over 40 years of experience in the mining industry. Since 2007, as either CEO or Executive Chairman, Mr. Matysek has sold six publicly listed mineral exploration and development companies, in aggregate worth over $2.5 billion.), Rob Shewchuk (Co-founder, CEO & Director, Mr. Shewchuk began his career as a licensed Equities Trader and Stock Broker with Yorkton Securities in Calgary, Alberta in 1996. He is currently CEO & Director of LithiumBank Resources Corp and has extensive experience in the financial sector.), Katya Zotova (Director, Ms. Zotova has spent 25 years in strategy and corporate finance, private equity and investment banking across multiple regions. She is currently an Advisor on Energy Transition at Antler VC Fund.), Christopher Murray (Director, Chris has been a partner at Osler Hoskin & Harcourt for over 25 years, focusing on mergers and investments for public corporations and private equity sponsors.), Steven Piepgrass (Director, Steven is the Vice President, Construction and Government Relations with Green Impact Partners, responsible for new energy projects and government relations.), Ann Fehr (CFO & Corporate Secretary, Fehr & Associates provides consulting services to mineral exploration companies with over 25 years of business experience.), Kevin Piepgrass, P.Geo (Chief Operating Officer, University of Alberta Graduate and Professional Geologist with over 20 years of experience in exploration and development of various commodities.), Logan Harris (VP Project Development, Mr. Harris has 18 years of experience at ExxonMobil and specializes in project development and strategic transformation.), Jon LaMothe, M.Sc (VP Exploration, Jon holds a Bachelor and MSc in Geology from the University of Alberta and has led significant discoveries in the oil and gas sector.), Nikolas Matysek (Director of Communications, Mr. Matysek is a trained geologist with over a decade of experience in resource exploration and development, and has been involved in transactions worth almost $400 million.)

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