Focus of Today's Webinar that starts at 10AM CT - May 30
Posted: Tue May 30, 2023 8:57 am
LithiumBank Resources (LBNK.V and LNBKF)
LithiumBank's Boardwalk Lithium Brine Project is located in west-central Alberta, approximately 85 km east of the City of Grande Prairie and 270 km northwest of the City of Edmonton. The Project consists of 40 Alberta Metallic and Industrial Mineral contiguous permits covering an area of 572,237 acres, within a LithiumBank total land package of approximately 4 million acres in west-central Alberta.
The Sturgeon Lake oil and gas field where the Boardwalk Project sits was first discovered in 1952. Since then, petroleum companies have developed a strong foundation of social and physical infrastructure in the area. This history of continuous hydrocarbon extraction lends to a well trained labour force, networks of all-weather gravel roads, drill sites that can be accessed from Provincial highways, and electrical transmission lines that run through and adjacent to the project.
Boardwalk holds more than 500,000 tons of recoverable lithium
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Lithium Bank is a public company based in Calgary that has acquired claims covering “Lithium Hot Spots” in old oilfields in Alberta and Saskatchewan. LithiumBank has a process called Direct Lithium Extraction (DLE) that can be used to recover Lithium from oilfield brine water. By using the existing wells and infrastructure within large well-defined oilfields they can significantly reduce the up-front capital costs and scale up to produce lithium at commercial quantities at high profit margins.
I am bullish on lithium because the rechargeable battery market is growing so fast that lithium producers are soon going to have difficulty keeping up with demand.
Boardwalk Highlights
> 31,350 metric tonnes per year of battery grade lithium hydroxide monohydrate (“LHM”)2 over a 20-year period, the largest proposed LHM production in North America
> USD $2.7 Billion NPV8 and 21.6% IRR on a pre tax basis
> USD $1.7 Billion NPV8 and 17.8% IRR on an after tax basis
> OPEX of USD $6,807/tonne LHM
> Direct Lithium Extraction (“DLE”) used to process Boardwalk brine will require less fresh water and have a surface footprint that is a fraction of hard rock or evaporation lithium production.
> Located in Tier 1 jurisdiction, west-central Alberta, that has a long history of resource extraction, well established infrastructure, and an actively supportive government.
> Power to be generated on site using high-efficiency gas turbines with steam cogeneration that will lower the project’s overall carbon footprint. The proposed gas turbine units may be run on 80% hydrogen when a reliable supply is available.
> Multiple opportunities to significantly enhance project economics through optimization, further engineering, and pending incentive tax credit.
> Project economics used USD $26,000/t LHM and provides strong leverage to higher lithium prices. < Lithium is trading at ~$42,000USD this morning.
LithiumBank's Boardwalk Lithium Brine Project is located in west-central Alberta, approximately 85 km east of the City of Grande Prairie and 270 km northwest of the City of Edmonton. The Project consists of 40 Alberta Metallic and Industrial Mineral contiguous permits covering an area of 572,237 acres, within a LithiumBank total land package of approximately 4 million acres in west-central Alberta.
The Sturgeon Lake oil and gas field where the Boardwalk Project sits was first discovered in 1952. Since then, petroleum companies have developed a strong foundation of social and physical infrastructure in the area. This history of continuous hydrocarbon extraction lends to a well trained labour force, networks of all-weather gravel roads, drill sites that can be accessed from Provincial highways, and electrical transmission lines that run through and adjacent to the project.
Boardwalk holds more than 500,000 tons of recoverable lithium
-------------------------------
Lithium Bank is a public company based in Calgary that has acquired claims covering “Lithium Hot Spots” in old oilfields in Alberta and Saskatchewan. LithiumBank has a process called Direct Lithium Extraction (DLE) that can be used to recover Lithium from oilfield brine water. By using the existing wells and infrastructure within large well-defined oilfields they can significantly reduce the up-front capital costs and scale up to produce lithium at commercial quantities at high profit margins.
I am bullish on lithium because the rechargeable battery market is growing so fast that lithium producers are soon going to have difficulty keeping up with demand.
Boardwalk Highlights
> 31,350 metric tonnes per year of battery grade lithium hydroxide monohydrate (“LHM”)2 over a 20-year period, the largest proposed LHM production in North America
> USD $2.7 Billion NPV8 and 21.6% IRR on a pre tax basis
> USD $1.7 Billion NPV8 and 17.8% IRR on an after tax basis
> OPEX of USD $6,807/tonne LHM
> Direct Lithium Extraction (“DLE”) used to process Boardwalk brine will require less fresh water and have a surface footprint that is a fraction of hard rock or evaporation lithium production.
> Located in Tier 1 jurisdiction, west-central Alberta, that has a long history of resource extraction, well established infrastructure, and an actively supportive government.
> Power to be generated on site using high-efficiency gas turbines with steam cogeneration that will lower the project’s overall carbon footprint. The proposed gas turbine units may be run on 80% hydrogen when a reliable supply is available.
> Multiple opportunities to significantly enhance project economics through optimization, further engineering, and pending incentive tax credit.
> Project economics used USD $26,000/t LHM and provides strong leverage to higher lithium prices. < Lithium is trading at ~$42,000USD this morning.