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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Production / Operations

LithiumBank Completes Bulk Brine Sampling at Boardwalk Lithium Project

LithiumBank Hits Brine Sampling Milestone as Funding Clock Ticks

By The Northwire Desk — AI Analysis Apr 13, 2026 · 07:53 LBNK · 0.67 LithiumBank Resources Corp.
Executive Summary
  • On April 13, 2026, LithiumBank announced the completion of bulk brine sampling (150 m³) from well 10-6 at the Boardwalk Lithium Project.
  • This action completes Modified Milestone 1 for Emissions Reduction Alberta (ERA) funding eligibility.
  • The company installed a down-hole pressure monitor in well 10-6 and plans to re-enter/drill well 1-12 through the Leduc formation.
  • ERA Funding structure adjusted: Milestone 1 eligible reimbursement capped at $1.6M (50% of expenses), with the remaining budget from the original allocation shifted to Milestone 3 (Feasibility Study). Total ERA commitment remains $3.9M.
  • QA/QC samples sent to AGAT Laboratory; results pending.
Material Impact
  • Expected Progress: This news confirms execution on a roadmap established in July 2025 ($3.9M ERA award) and December 2025 (Development Agreement with LESTS). The market was already aware of the brine sampling plan following the March 10, 2026 announcement regarding well 1-12 ownership transfer.
  • Funding Reality: While Milestone 1 is complete, the funding is refundable based on eligible expenditures (50% reimbursement), not an upfront grant. The company must spend capital first to trigger reimbursement, creating cash flow timing risk.
  • No Surprise Capital: No new equity financing or strategic investment was announced in this release. The $2.25M private placement closed March 4, 2026, is the primary recent liquidity event.
  • Technical Validation: Successful collection validates well integrity but does not confirm lithium concentration grades (results pending). This is a procedural milestone rather than a resource discovery.
LBNK · Price
Company Overview
  • Company: LithiumBank Resources Corp. focuses on developing lithium brine assets in Western Canada using Direct Lithium Extraction (DLE) technology.
  • Flagship Project: Boardwalk Lithium Brine Project (Alberta). Holds 100% interest.
    • Resource: 5.2 Mt LCE Measured & Indicated @ 81.6 mg/L Li; 2.8 Mt Inferred.
    • Strategy: Modular DLE production targeting 10,000 tpa LCE by 2027.
  • Secondary Project: Park Place (Alberta). Holds 100% interest but subject to a 2% ORR royalty. Resource: 15.1 Mt Inferred @ 80 mg/L Li.
  • Technology: Partnership with Leading Energy Services and Technology Supplier (LESTS) for DLE licensing and EPC activities.
Read the original news release →

More from LithiumBank Resources Corp.

Sep 21, 2026 · 08:01

LithiumBank begins environmental baseline surveys for the Boardwalk project, targeting a mid-2027 Environmental Protection and Evaluation Act submission.

Production / Operations Sep 11, 2026 · 08:01

LithiumBank’s Boardwalk Project has been nominated for the Canada Investment Summit Prospectus.

M&A / Property Sep 09, 2026 · 15:32

LithiumBank converts a legacy oil well into a dedicated lithium brine producer at its Boardwalk project following regulatory approval.

Production / Operations Aug 28, 2026 · 19:57

LithiumBank raised $5.5m to fund the Boardwalk feasibility study as direct lithium extraction progress remains steady.

Financings Aug 27, 2026 · 17:42

LithiumBank raised $5.4 million at $0.60 per share to fund the Boardwalk Feasibility Study.

Financings Aug 10, 2026 · 08:01

LithiumBank secures its first ERA grant to advance the modular direct lithium extraction feasibility study for its Alberta brine project.

Production / Operations