# LithiumBank Signs Binding Option Agreement on Strategic Land for Central Processing Facility at Boardwalk Lithium Brine Project Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/lithiumbank-signs-binding-option-agreement-on-strategic-land-for-central-process--d597b3b2-7f2e-4be7-9ecf-58029dac5f80 Original source: https://money.tmx.com/en/quote/LBNK/news/8956833666891565/lithiumbank-signs-binding-option-agreement-on-strategic-land-for-central-process Publisher: tmx Original announcement: 2026-08-06T12:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: LithiumBank Resources Corp. - Ticker: LBNK - Exchange: TSX - Region: Alberta - Primary commodity: Lithium - Secondary commodities: None reported - Document categories: Resource update, Agreement transaction - Extracted: 2026-09-18 06:27:53 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary LithiumBank Resources Corp. has entered into a binding option agreement to acquire up to 160 acres of land in Alberta for a planned central lithium processing facility at its Boardwalk Lithium Brine Project. The site is strategically located to leverage existing infrastructure, potentially reducing costs for the upcoming Feasibility Study expected in 2027. Reasoning: The company has secured a binding option for land critical for its processing infrastructure, which de-risks the Boardwalk project and supports the ongoing Feasibility Study. - Positive factor: Securing strategic land for a central processing facility - Positive factor: Access to existing infrastructure to reduce CAPEX - Positive factor: Presence of high-quality lithium brine resources at Boardwalk - Negative factor: Transaction is subject to due diligence and regulatory approvals Facts used in scoring: 6 ## Classification and evidence **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 technical reports for both Boardwalk and Park Place projects. Evidence · text > The Boardwalk NI 43-101 resource estimate is entitled "LithiumBank Resources Corp. Boardwalk NI 43-101 Technical Report" **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 who prepared and approved the information. Evidence · text > prepared and approved by Kevin Piepgrass, P. Geo, who is a Qualified Person \(QP\) ## Extracted facts Stored fact records: 5. Some facts used in scoring do not have a stored record. ## Resource Estimates (5) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/lithiumbank-signs-binding-option-agreement-on-strategic-land-for-central-process--d597b3b2-7f2e-4be7-9ecf-58029dac5f80#fact-resource-facts-1) Boardwalk Lithium Brine Project · lithium Historical result Needs review: historical\_restatement #### Identity - Project: Boardwalk Lithium Brine Project - Commodity: lithium - Region: canada\_ab - Reported Region: Alberta - Ticker: LBNK #### Resource scope - Estimate type: resource - Effective date: 2025-02-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alexander M. Haluszka - Resource group id: resource:007dcbea10a8d5509636 - Deposit or zone: Leduc Fm #### Resource Data - Category: indicated - Tonnes: 3524000 - Grade: 81.8 - Grade Unit: mg/L - Contained Metal: 3524000 - Contained Unit: tonnes lce #### Prior Estimate - Resource Date: 2025-02-20 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-02-20T00:00:00.000Z #### Dates - Event date: 2026-08-06T00:00:00.000Z Reasoning: Restatement of existing resource data from a February 2025 technical report. - Positive factor: Significant LCE tonnage - Positive factor: High confidence M&I component Evidence · text > 3,524,000 tonnes of indicated LCE at a grade of 81.8 mg/L lithium within the Leduc Fm #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was 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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/lithiumbank-signs-binding-option-agreement-on-strategic-land-for-central-process--d597b3b2-7f2e-4be7-9ecf-58029dac5f80#fact-resource-facts-2) Boardwalk Lithium Brine Project · lithium Historical result Needs review: historical\_restatement #### Identity - Project: Boardwalk Lithium Brine Project - Commodity: lithium - Region: canada\_ab - Reported Region: Alberta - Ticker: LBNK #### Resource scope - Estimate type: resource - Effective date: 2025-02-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alexander M. Haluszka - Resource group id: resource:7dcc92ebee9702dcc8a0 - Deposit or zone: Leduc Fm #### Resource Data - Category: measured - Tonnes: 1671000 - Grade: 81.2 - Grade Unit: mg/L #### Prior Estimate - Resource Date: 2025-02-20 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-02-20T00:00:00.000Z #### Dates - Event date: 2026-08-06T00:00:00.000Z Reasoning: Restatement of existing resource data from a February 2025 technical report. - Positive factor: Significant LCE tonnage - Positive factor: High confidence M&I component Evidence · text > 1,671,000 tonnes at a grade of 81.2 mg/L lithium #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/lithiumbank-signs-binding-option-agreement-on-strategic-land-for-central-process--d597b3b2-7f2e-4be7-9ecf-58029dac5f80#fact-resource-facts-3) Boardwalk Lithium Brine Project · lithium Historical result Needs review: historical\_restatement #### Identity - Project: Boardwalk Lithium Brine Project - Commodity: lithium - Region: canada\_ab - Reported Region: Alberta - Ticker: LBNK #### Resource scope - Estimate type: resource - Effective date: 2025-02-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alexander M. Haluszka - Resource group id: resource:79e07e602c3bde848b81 - Deposit or zone: Leduc and Beaverhill Lake Gp/Swan Hills Fm #### Resource Data - Category: inferred - Tonnes: 2777000 - Grade: 79 - Grade Unit: mg/L - Contained Metal: 2777000 - Contained Unit: tonnes lce #### Prior Estimate - Resource Date: 2025-02-20 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-02-20T00:00:00.000Z #### Dates - Event date: 2026-08-06T00:00:00.000Z Reasoning: Speculative resource category. - Negative factor: Inferred category Evidence · text > inferred LCE resources of 2,777,000 tonnes at 79.0 mg/L lithium within the Leduc and Beaverhill Lake Gp/Swan Hills Fm #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/lithiumbank-signs-binding-option-agreement-on-strategic-land-for-central-process--d597b3b2-7f2e-4be7-9ecf-58029dac5f80#fact-resource-facts-4) Park Place · lithium Historical result Needs review: historical\_restatement #### Identity - Project: Park Place - Commodity: lithium - Region: canada - Reported Region: Western Canada - Ticker: LBNK #### Resource scope - Estimate type: resource - Effective date: 2024-06-24T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alexander M. Haluszka, Maurice T. Shevalier, D. Roy Eccles - Resource group id: resource:17333ce2ac9341ccef55 #### Resource Data - Category: inferred - Tonnes: 21681000 - Grade: 80.2 - Grade Unit: mg/L - Contained Metal: 21681000 - Contained Unit: tonnes lce #### Prior Estimate - Resource Date: 2024-06-24 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-06-24T00:00:00.000Z #### Dates - Event date: 2026-08-06T00:00:00.000Z Reasoning: Speculative resource category. - Negative factor: Inferred category Evidence · text > originally reported 21,681,000 tonnes of inferred LCE at a grade of 80.2 mg/L lithium #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was 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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/lithiumbank-signs-binding-option-agreement-on-strategic-land-for-central-process--d597b3b2-7f2e-4be7-9ecf-58029dac5f80#fact-resource-facts-5) Park Place · lithium Historical result Needs review: historical\_restatement #### Identity - Project: Park Place - Commodity: lithium - Region: canada - Reported Region: Western Canada - Ticker: LBNK #### Resource scope - Estimate type: resource - Effective date: 2025-05-29T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Alexander M. Haluszka, Maurice T. Shevalier, D. Roy Eccles - Resource group id: resource:00815eabdb89c29332a1 #### Resource Data - Category: inferred - Tonnes: 15082000 - Grade: 80 - Grade Unit: mg/L - Contained Metal: 15082000 - Contained Unit: tonnes lce #### Prior Estimate - Resource Date: 2025-05-29 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-05-29T00:00:00.000Z #### Dates - Event date: 2026-08-06T00:00:00.000Z Reasoning: Speculative resource category. - Negative factor: Inferred category Evidence · text > updated NI 43-101 resource estimate for Park Place... totals 15,082,000 tonnes of inferred LCE at a grade of 80.0 mg/L lithium #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was 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 ## 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.