# LithiumBank Receives License and 100% Ownership of Second Well at Boardwalk Lithium Project Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/lithiumbank-receives-license-and-100-ownership-of-second-well-at-boardwalk-lithi--a7de6d1f-c518-480d-ae35-87a9c30d88b8 Original source: https://money.tmx.com/en/quote/LBNK/news/7962616439879827/lithiumbank-receives-license-and-100-ownership-of-second-well-at-boardwalk-lithi Publisher: tmx Original announcement: 2026-03-10T12:19:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: LithiumBank Resources Corp. - Ticker: LBNK - Exchange: TSX - Region: Alberta, Canada - Primary commodity: Lithium - Secondary commodities: None reported - Document categories: Agreement transaction, Resource update, Permitting - Extracted: 2026-09-18 06:53:39 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary LithiumBank Resources Corp. has acquired 100% ownership of the 1-12 well at its Boardwalk Lithium Project in Alberta, Canada. This acquisition is a key milestone toward accessing CAD $3.9 million in provincial funding and supports a modular Direct Lithium Extraction \(DLE\) development strategy in partnership with a technology supplier. Reasoning: The announcement details a significant asset consolidation \(well ownership\) and a clear strategic roadmap involving technology partnerships and government funding milestones. - Positive factor: Acquisition of 100% ownership of a second well \(1-12\) at Boardwalk Project - Positive factor: Strategic Development Agreement \(DA\) with a technology supplier for DLE - Positive factor: Path to CAD $3.9M in provincial funding via ERA milestones - Positive factor: Modular scale-up approach to reduce upfront capital - Positive factor: Existing oil and gas infrastructure availability - Negative factor: Project is still in the exploration/feasibility stage with no current production Facts used in scoring: 2 ## Classification and evidence **agreement\_transaction** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: Company announced 100% ownership transfer of well 1-12 and a Development Agreement with a technology supplier. Evidence · text > the Company has completed the well license transfer of the suspended, past producing well 104/01-12-069-22W5/00 \(" 1-12 "\) and now has 100% ownership. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The document references NI 43-101 resource estimates and a planned NI 43-101 Feasibility Study. Evidence · text > The NI 43-101 resource estimates at Boardwalk and Park Place, as shown below in Figure 1, are both reported as the highest-grade resource estimates in Alberta **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Kevin Piepgrass, P.Geo is named as the Qualified Person for the technical information. Evidence · text > prepared and approved by Kevin Piepgrass, P.Geo, who is a Qualified Person \(QP\) for the purposes of National Instrument 43-101. **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: A current resource fact retains the disclosed cut-off grade ## Extracted facts Stored fact records: 1. Some facts used in scoring do not have a stored record. ## Resource Estimates (1) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/lithiumbank-receives-license-and-100-ownership-of-second-well-at-boardwalk-lithi--a7de6d1f-c518-480d-ae35-87a9c30d88b8#fact-resource-facts-1) Boardwalk · lithium #### Identity - Project: Boardwalk - Commodity: lithium - Region: canada\_ab - Reported Region: Alberta, Canada - Ticker: LBNK #### Resource scope - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Kevin Piepgrass - Resource group id: resource:e5dae59b75cda75c40da - Ownership percent: 100 % #### Resource Data - Cutoff Grade: 50 - Cutoff Unit: mg/L Li #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-10T00:00:00.000Z Reasoning: The document references existing resource estimates rather than providing new ones in the text, though it points to Figure 1 for details. - Positive factor: Highest-grade resource estimates in Alberta Evidence · text > The NI 43-101 resource estimates at Boardwalk and Park Place, as shown below in Figure 1, are both reported as the highest-grade resource estimates in Alberta #### Tags used in scoring **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.