LithiumBank Advances Boardwalk Permitting Pathway as Environmental Field Surveys Begin
LithiumBank begins environmental baseline surveys for the Boardwalk project, targeting a mid-2027 Environmental Protection and Evaluation Act submission.
Stantec has completed the environmental desktop review for the Boardwalk Lithium Brine Project and mobilized field teams to begin baseline environmental surveys. This baseline program covers groundwater, vegetation, wetlands, soils, and wildlife to form the evidentiary basis for the Environmental Protection and Enhancement Act (EPEA) application. The company targets an EPEA submission by mid-2027.
The project hosts an estimated 5.2 Mt Measured & Indicated and 2.8 Mt Inferred Lithium Carbonate Equivalent (LCE) resource at an average grade of 81.6 mg/L. A Preliminary Economic Assessment (PEA) indicates a pre-tax NPV (8%) of US$3.7 billion.
LithiumBank Resources Corp. is advancing the project in parallel with SLB, which is conducting a Feasibility Study and Front-End Engineering Design (FEED) under a development agreement, targeting project execution in late 2027 and potential commercial production by late 2030.
LithiumBank Resources Corp. (LBNK) confirmed on September 21, 2026, that it has commenced environmental baseline surveys. This development follows the completion of a desktop review and the initiation of a feasibility study with SLB in May 2026.
The company’s recent progress reflects a steady, methodical advancement through its project phases. Key milestones included well acquisitions and ERA funding in November 2025, bulk brine sampling in April 2026, infrastructure and land options between July and August 2026, and the current environmental surveys.
LithiumBank Resources Corp. maintains a mid-2027 target for its Environmental Project Approval (EPEA) submission, a timeline consistent with previous management guidance and the broader development schedule. The company stated there are no new surprises, unexpected delays, or material changes to the project economics.
LithiumBank Resources Corp. is a pre-revenue lithium brine explorer and developer focused on the Boardwalk and Park Place projects in Alberta, Canada. The flagship Boardwalk project utilizes a brownfield strategy, leveraging existing oil and gas infrastructure to reduce capital expenditures and environmental footprint. The project targets Direct Lithium Extraction (DLE) technology, with initial modular production capacity of up to 10,000 tpa LCE, scalable in 5,000 tpa increments. Resource estimates indicate 5.2 Mt M&I and 2.8 Mt Inferred LCE at high grades (~81.6 mg/L), positioning it as one of the highest-grade brine resources in Alberta. The company aims for commercial production by late 2030, following a feasibility study and project execution phase in 2027.