June 26, 2024 -- LithiumBank Resources Corp. has announced a major milestone with the identification of the largest known lithium brine resources in North America. The National Instrument 43-101 estimates indicate 21,681,000 tonnes of inferred Lithium Carbonate Equivalent (LCE) at an average grade of 80.2 mg/L lithium within its Park Place project in Alberta.
Key Highlights:
- Resource Estimates: 10,078,000 tonnes inferred LCE at 79.4 mg/L lithium in the Leduc Formation and 11,603,000 tonnes inferred LCE at 80.9 mg/L lithium in the Swan Hills Formation.
- Sustainable Extraction: The company plans to use environmentally friendly direct lithium extraction (cDLE®) technology, aiming for high recovery rates and purity.
- Economic Impact: This project positions LithiumBank as a significant player in the North American lithium supply chain, potentially aiding the continent’s transition to clean energy.
Clean TeQ Water and our Joint Venture Company, Go2Lithium, are excited to be supporting LithiumBank at the Boardwalk and Park Place projects with our proprietary cDLE® lithium extraction technology.
The full press release from LithiumBank can be viewed here.
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