LithiumBank Resources Corp. is developing direct brine lithium extraction projects in Western Canada, utilizing existing oil and gas infrastructure to lower development costs. The company addresses the growing demand for lithium by targeting a production capacity of 34,005 tons per annum, with a focus on maximizing lithium recovery rates from brine sources.
Funding
$3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The increasing demand for lithium, a crucial component in batteries, necessitates efficient and cost-effective extraction methods. Traditional lithium extraction from brine sources can be environmentally intensive and time-consuming, hindering the rapid scaling of lithium production.
Solution
LithiumBank Resources Corp. is focused on developing direct brine lithium extraction (DLE) projects in Western Canada, leveraging existing oil and gas infrastructure to reduce development costs and environmental impact. The company aims to maximize lithium recovery rates from its Boardwalk and Park Place projects, targeting a production capacity of 34,005 tons per annum. By utilizing DLE technologies, LithiumBank seeks to streamline the extraction process, enhance lithium purity, and minimize water usage compared to conventional methods. The company is actively de-risking its assets through detailed geological modeling and advanced engineering studies.
Target Audience
The primary target audience includes battery manufacturers, electric vehicle (EV) producers, and other industries requiring high-purity lithium compounds.
Features
- Direct brine lithium extraction (DLE) technology for efficient lithium recovery
- Focus on Boardwalk and Park Place projects in Western Canada
- Leveraging existing oil and gas infrastructure to lower capital expenditures
- Targeting a production capacity of 34,005 tons per annum
- Geological modeling and advanced engineering to de-risk assets
- High lithium recovery rates from brine sources