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November 1, 2022 – TheNewswire - LithiumBank Resources (OTC:LBNKF) has announced results of direct lithium extraction (DLE) test work on brines originating from its Boardwalk lithium project located in western Canada.
The company says that initial testing has achieved 93% high-purity, high concentrate lithium chloride recovery in under 60 minutes, indicating that the selected DLE technology is a highly effective and scalable method of extracting lithium. The test work was also successful in processing high purity lithium concentrates grading up to 4,000 mg/L.
The company has partnered with Conductive Energy to test its proprietary DLE technology, which utilizes ion-exchange materials thought to be safer and produced in North America.
LithiumBank says that the test results will now be incorporated in an upcoming Preliminary Economic Assessment, which will provide detail and cost estimates for the engineering and design of a commercial-scale lithium processing facility at its Boardwalk lithium brine project in Alberta.
LithiumBank Resources holds over four million acres of mineral titles throughout western Canada that are strategically positioned over known reservoirs that provide a unique combination of scale, grade and flow rates necessary for large-scale direct brine lithium production.
Shares of LithiumBank Resources trade in the United States under the ticker symbol LBNKF and in Canada under the symbol LBNK. For more information visit www.lithiumbank.ca.
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Cautionary Statement Regarding Forward Looking Statements
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including without limitation, the statement that the Company intends to complete a Preliminary Economic Assessment study, the expectation that the results of OLE processing testwork may be used as inputs in the process design of a facility to treat raw brine and the anticipated timing for completion of the study and preparation of a Preliminary Economic Assessment are forward-looking statements and contains forward-looking information.
Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no guarantee that all or any part of the mineral resource will be converted into a mineral reserve. While bench-scale, and demonstration pilot plants operated by companies other than LithiumBank are reportedly having success in the recovery of high purity battery-grade lithium from subsurface confined aquifers, DLE technology is in the development stage and has not yet been proven at commercial scale
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This video is not financial advice and should not be taken as financial advice. This video is for information, education and entertainment purposes only. Green Stock News is not responsible for any losses related to the financial decisions made by you. Video content is based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Green Stock News is not responsible for any gains or losses that result from the opinions expressed in this video or in other materials that it publishes electronically. Green Stock News has been compensated US$10,200 by LithiumBank Resources for advertising services.
Disclaimer
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