LithiumBank Resources
LithiumBank Resources Corp. is a pre-commercial Canadian lithium developer (TSX-V: LBNK) advancing Direct Lithium Extraction at its flagship Boardwalk brine project in Alberta, targeting battery-grade lithium carbonate and hydroxide production by 2029 for North American EV manufacturers.
- Company typePublic
- Founded2022
- HeadquartersVancouver, Canada
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What LithiumBank Resources does
LithiumBank Resources Corp. (TSX-V: LBNK, OTCQX: LBNKF) is a publicly traded Canadian lithium development company focused on advancing large-scale lithium brine resources in Western Canada. The company holds 1,240,140 acres of brown-field brine-hosted mineral licenses across three districts in Alberta and Saskatchewan, with its flagship Boardwalk project in northwest Alberta hosting NI 43-101 Measured and Indicated resources of 5.2 million tonnes LCE and Inferred resources of 2.8 million tonnes LCE, complemented by the Park Place (1.6 million acres, west-central Alberta) and Kindersley (111,282 acres, Saskatchewan) assets.
The company's core technology is Direct Lithium Extraction (DLE) using licensed continuous DLE (cDLE) ion-exchange technology from G2L Greenview Resources (a Go2Lithium Inc. joint venture between Ivanhoe Electric and Clean TeQ Water), which has demonstrated 98% lithium recovery versus 40-60% for conventional methods, and which has been validated at a Calgary pilot plant processing up to 10,000 litres of brine per day. In December 2025, LithiumBank signed a Development Agreement with SLB (Schlumberger) covering an integrated lithium production solution — brine treatment, DLE, impurity removal, concentration, and conversion — proven at SLB's Clayton Valley, NV demonstration plant. The combined flowsheet targets battery-grade lithium carbonate and lithium hydroxide monohydrate (LHM) with planned nameplate capacity of 34,005 tpa LHM and an initial modular deployment of two DLE units at up to 10,000 tpa lithium carbonate.
LithiumBank is pre-commercial and pre-revenue, with first commercial production targeted as early as 2029. Its planned revenue model is direct sales of battery-grade lithium chemicals to North American EV battery manufacturers and energy storage companies seeking domestic supply chain alternatives to Chinese imports. To date the company has funded development through repeated non-brokered and bought-deal private placements (over CAD $20 million raised across 2023-2026) and CAD $3.9 million of non-dilutive government funding. The updated January 2024 Preliminary Economic Assessment for Boardwalk indicates a pre-tax NPV(8%) of approximately US$3.7 billion, a 25% pre-tax IRR, an after-tax NPV(8%) of US$2.3 billion, a 3.5-year payback, and operating costs of US$4,588 per tonne LHM.
LithiumBank Resources firmographics
Firmographics- Name
- LithiumBank Resources
- Legal name
- LithiumBank Resources Corp.
- Website
- https://lithiumbank.ca
- Company type
- Public
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- LithiumBank Resources Corp. is a pre-commercial Canadian lithium developer (TSX-V: LBNK) advancing Direct Lithium Extraction at its flagship Boardwalk brine project in Alberta, targeting battery-grade lithium carbonate and hydroxide production by 2029 for North American EV manufacturers.
- Ownership category
- akta.pro rank
LithiumBank Resources industry classification
Industry- Product category
- Lithium Brine Resource Development and Battery-Grade Lithium Production
- NAICS
- Battery Manufacturing (33591)
- SIC
- Metal Mining (1000)
- akta.pro primary industry
- Lithium Mining & Brine Extraction (IMAKAFAA)
- akta.pro secondary industries
- Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate) (IMAKAFAI), Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA)
Keywords
Where LithiumBank Resources is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
LithiumBank Resources business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Lithium Carbonate/Hydroxide Production: Pre-commercial company developing lithium brine assets. Intends to generate revenue through production and sale of battery-grade lithium carbonate or lithium hydroxide monohydrate (LHM) from its Boardwalk and Park Place projects in Western Canada. First commercial production targeted as early as 2029.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels5 records
LithiumBank Resources product offering
Product offeringCore offering
LithiumBank Resources Corp. is developing large-scale lithium brine resources in Western Canada, with a focus on producing battery-grade lithium carbonate and lithium hydroxide monohydrate (LHM) from its flagship Boardwalk and Park Place projects. The company uses Direct Lithium Extraction (DLE) technology — specifically G2L's cDLE ion exchange process licensed and deployed in partnership with SLB — to selectively extract lithium from brine, with first commercial production targeted as early as 2029.
Product overview
LithiumBank Resources Corp. is a publicly traded lithium company (TSX-V: LBNK, OTCQX: LBNKF) developing large-scale lithium brine resources in Western Canada through its flagship Boardwalk and Park Place projects, with additional holdings at Kindersley in Saskatchewan. The company holds 1,240,140 acres of brown-field brine hosted mineral licenses across three districts. The portfolio centers on Direct Lithium Extraction (DLE) technology using licensed cDLE® technology from G2L Greenview Resources and integrated lithium production solutions from SLB. Operations include a pilot plant in Calgary processing up to 10,000 litres of brine daily, advancing toward commercial production of battery-grade lithium carbonate and lithium hydroxide monohydrate. The development approach uses modular DLE units with phased expansion, targeting initial production of 10,000 tonnes per annum with expansion capabilities.
Differentiator
Problem solved
Functional benefit
Products and services
- Boardwalk Lithium Brine Project Flagship 100%-owned lithium brine project in northwest Alberta, Canada, hosting NI 43-101 Measured and Indicated resources of 5.2 million tonnes LCE plus 2.8 million tonnes Inferred LCE. Advancing toward commercial production via a modular Direct Lithium Extraction approach developed with SLB.
- Park Place Lithium Brine Project 100%-owned lithium brine project located west of Edmonton, Alberta, covering 1,602,209 acres and overlaying the Leduc Formation and Swan Hills Formation, with grades ranging between 71.2-82.0 mg/L lithium. Described as the largest known lithium brine resource in North America by volume.
- Kindersley Lithium-Brine Project 100%-owned project located near Kindersley, Saskatchewan, covering 111,282 acres and targeting the Duperow Formation reservoir with grades of 70-81 mg/L Li and up to 300 metres of reservoir thickness.
- Calgary Pilot Plant Pilot plant facility in Calgary, Alberta, capable of processing up to 10,000 litres of lithium-containing brine daily using G2L's cDLE technology. Used for DLE process optimization, long-cycle testing, and conversion to battery-grade lithium carbonate to support engineering design for commercial production.
- Direct Lithium Extraction (DLE) Technology Direct Lithium Extraction technology using G2L's cDLE Ion Exchange process, achieving 98% lithium recovery and producing high-grade lithium sulphate eluate at 3,238 mg/L Li concentration with >90% reduction of calcium, sodium, and chlorine impurities. Deployed in partnership with SLB's integrated lithium production solution for planned commercial production of battery-grade lithium.
Quantifiable outcome
- 98% lithium recovery using cDLE technology compared to traditional 40-60% recovery rates
- +4 more outcomes
Companies that use LithiumBank Resources
Customer profileSegments3 records
Ideal customer profiles2 records
LithiumBank Resources technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
LithiumBank Resources partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered minor, core and strategic.
- Tristar Resource Management Inc.minorContractor for brine collection operations at Boardwalk 10-6 well. Conducted 150 cubic metres bulk brine sampling between March 21 and April 8, 2026.
- Montrose Environmental GroupminorOn-site quality assurance during brine sampling to ensure sampling was conducted using best practices and in compliance with NI 43-101 standards.
- SLB (Schlumberger)coreDevelopment Agreement with SLB for Boardwalk project includes binding DLE licensing terms. SLB provides integrated lithium production solution including brine treatment, DLE technology, impurity removal, brine concentration and lithium conversion processes. SLB's process has been proven at one of the world's largest DLE-based demonstration plants in Clayton Valley, NV.
- Hatch Ltd.strategicEngineering firm engaged for Updated Preliminary Economic Assessment and comparative DLE technology assessment. Hatch has expertise in EPCM of lithium processing plants with recent DLE project experience.
- APEX Geoscience Ltd.strategicNI 43-101 Resource Estimate contractor for Boardwalk and Park Place projects. Prepared mineral resource estimates and technical reports compliant with Canadian securities regulations.
- G2L Greenview Resources Inc.coreIntellectual Property License Agreement for cDLE (continuous Direct Lithium Extraction) technology. G2L's technology achieves 98% lithium recovery and produces high-purity lithium sulphate eluate. G2L is a subsidiary of Go2Lithium Inc., a joint venture between Ivanhoe Electric and Clean TeQ Water.
- ZS2 Technologies Inc.strategicMOU for CO2 capture and sequestration using ZS2's proprietary technology. CO2 emissions captured from power facility and sequestered using magnesium extracted from barren brine into magnesium cement product.
- Invest AlbertastrategicMOU to develop commercial lithium production facility at Boardwalk. Invest Alberta supports foreign investment and business development in the province.
- Matrix Solutions Inc.strategicHydrogeological study contractor for Kindersley Project and Boardwalk Project. Conducted reservoir characterization and aquifer deliverability assessments.
- Conductive Energy Inc.strategicDLE technology testing partner for proprietary Ion Exchange material testing on Boardwalk brine. Testing achieved 93% recovery of high-purity lithium chloride within 60 minutes. Conductive's IX material is manufactured in North America.
Scale indicators8 records
Recent moves10 records
Expansion highlights5 records
LithiumBank Resources competitors and assessment
Company assessmentDirect peers
- Standard Lithium: Pure-play Direct Lithium Extraction (DLE) developer targeting lithium brines in the Smackover Formation (Arkansas). Closest comparable to LithiumBank: also pre-revenue, DLE-focused, and partnering with major technology providers (Koch). Demonstrates the same pilot-to-commercial scale-up risk profile and DLE economics story.
- E3 Lithium: Alberta-based lithium brine developer using proprietary DLE technology targeting the Leduc Formation. Highly comparable to LithiumBank: same Alberta jurisdiction, similar Leduc/Swan Hills geology, crown-land position, and DLE-driven pre-commercial development pathway. Direct competitor for capital, offtake partners, and regulatory bandwidth.
- Lithium Americas: Developer of large-scale lithium projects including Thacker Pass (Nevada, now in construction) and Cauchari-Olaroz (Argentina, in production). Comparable in resource scale and pre-revenue-to-construction trajectory, with similar exposure to North American battery supply chain policy (IRA) and lithium price cycles.
- ioneer Ltd: Developer of the Rhyolite Ridge lithium-boron project in Nevada, also using a brine/leach extraction process with offtake agreements in place. Comparable pre-commercial lithium developer with a defined technology pathway, similar offtake and financing profile, and exposure to U.S. battery supply chain.
- EnergySource Minerals: DLE lithium developer at the Hell's Kitchen project in California's Imperial Valley, partnered with SLB on a commercial-scale lithium extraction facility. Closest comparable in terms of DLE technology stack and SLB partnership overlap; useful proxy for the same SLB licensing risk and execution profile.
- Piedmont Lithium: Lithium developer advancing the Carolina Tin-Spodumene Belt and other projects to supply battery-grade lithium to North American and European OEMs. Comparable as a North American-focused pre-revenue developer with multi-project pipeline and offtake-driven business model.
Broad incumbents
- Albemarle Corporation: World's largest dedicated lithium producer with operations in Chile, Australia, and a U.S. lithium project pipeline. Provides the global lithium benchmark for pricing, cost, and offtake dynamics; a likely strategic acquirer of advanced DLE developers like LithiumBank to secure North American supply.
- SQM (Sociedad Química y Minera): Major Chilean lithium and specialty chemicals producer with significant brine extraction assets in Salar de Atacama. Sets the global low-cost lithium benchmark and is a key reference for offtake pricing and project economics across the industry.
- Livent Corporation: Integrated lithium chemicals producer specializing in lithium hydroxide and lithium carbonate for EV batteries, with the proposed merger with Allkem creating a global lithium major. Comparable as a downstream converter of lithium brines into battery-grade LHM, the same end-product LithiumBank targets.
Emerging players
- Atlas Lithium Corporation: Emerging junior lithium developer with hard-rock lithium projects in Brazil's Lithium Valley. Provides a comparable pre-revenue/early-production lithium developer peer, though on a different geological pathway (hard-rock vs. LithiumBank's brine/DLE).
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
LithiumBank Resources social profiles
Digital presenceLithiumBank Resources compliance and trust
Trust signalCompliance4 records
LithiumBank Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
LithiumBank Resources leadership team
Management profileNumber of profiles
Profiles6 records
LithiumBank Resources funding detail
Funding detailFunding overview
Funding rounds5 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LithiumBank Resources M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about LithiumBank Resources
What does LithiumBank Resources do?
LithiumBank Resources Corp. is developing large-scale lithium brine resources in Western Canada, with a focus on producing battery-grade lithium carbonate and lithium hydroxide monohydrate (LHM) from its flagship Boardwalk and Park Place projects. The company uses Direct Lithium Extraction (DLE) technology — specifically G2L's cDLE ion exchange process licensed and deployed in partnership with SLB — to selectively extract lithium from brine, with first commercial production targeted as early as 2029.
Is LithiumBank Resources a public or private company?
LithiumBank Resources is a public company. It is classified as public and is currently operating.
When was LithiumBank Resources founded?
LithiumBank Resources was founded in 2022. It employs 11 to 50 people.
Where is LithiumBank Resources based?
LithiumBank Resources is headquartered in Vancouver, Canada, in the North America region.
How does LithiumBank Resources make money?
One revenue line is on record: lithium Carbonate/Hydroxide Production.
Who are LithiumBank Resources's main competitors?
Direct peers on record are Standard Lithium, E3 Lithium, Lithium Americas, ioneer Ltd, EnergySource Minerals and Piedmont Lithium. Broad incumbents are Albemarle Corporation, SQM (Sociedad Química y Minera) and Livent Corporation. Atlas Lithium Corporation is listed as an emerging player.
Does LithiumBank Resources have an API?
No public API is recorded for LithiumBank Resources.
What industry is LithiumBank Resources in?
LithiumBank Resources's product category is Lithium Brine Resource Development and Battery-Grade Lithium Production. Its primary akta.pro industry code is IMAKAFAA, Lithium Mining & Brine Extraction, with a secondary code of IMAKAFAI, Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate). Its NAICS code is 33591 and its SIC code is 1000.