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LithiumBank Awarded $3.9M in Non-Dilutive Funding from Emissions Reduction Alberta to Advance Boardwalk Lithium Brine Project
Vancouver, British Columbia--(Newsfile Corp. - July 17, 2025) - LithiumBank Resources Corp. (TSX...
About this update from Lithiumbank Resources Corp.
[{"type":"text","content":"LithiumBank Awarded $3.9M in Non-Dilutive Funding from Emissions Reduction Alberta to Advance Boardwalk Lithium Brine ProjectVancouver, British Columbia--(Newsfile Corp. - July 17, 2025) - LithiumBank Resources Corp. (TSXV: LBNK) (OTCQX: LBNKF) (\"LithiumBank\" or the \"Company\") is pleased to announce it has been awarded CAD $3,900,000 in non-dilutive funding under the Emissions Reduction Alberta (\"ERA\") from the province of Alberta to further advance the Boardwalk Lithium Brine Project (\"Boardwalk\") located in west-central Alberta. The ERA Program will refund the Company 50% of eligible expenditures for each milestone as it is completed up to a total of $3.9M. \"Alberta is a world class jurisdiction with enviable geology and lithium resources. We believe advancing Boardwalk using modular, commercial ready Direct Lithium Extraction (\"DLE\") technology will reduce development timelines and minimize initial Capex,\" commented Rob Shewchuk, CEO & Director of LithiumBank. \"Our commercialization strategy will position Boardwalk in the near-term as one of the leading lithium projects in Canada with exponential scale up potential there as well as at Park Place.\"\"LithiumBank has shown great success in advancing the Boardwalk lithium brine project to date and continues to demonstrate a pragmatic development approach toward achieving economic lithium production in Alberta,\" commented Minister of Environment and Protected Areas, Rebecca Schulz. \"Producing lithium from Alberta brine and integrating existing infrastructure aligns Boardwalk with the provinces long-term environmental and economic goals.\"Funding provided from ERA will be used in achieving the following milestones:Complete an additional drill hole through the Leduc formation reservoir at Boardwalk to support an advanced reservoir model, collect additional brine. This test well is situated so it can be converted into a production well in the future;Conduct longer cycle DLE testing and optimization, focusing on concentration and impurity removal testing, and conversion to lithium carbonate; and,Complete a Feasibility Study at Boardwalk that assesses a low Capex, modular approach to lithium production.The Company expects to complete these tasks by the end of 2026.The Company has successfully consolidated all the strategic Brine Hosted Mineral Licenses (\"BHML\") at...