# LithiumBank Signs Development Agreement with Leading Energy Services and Technology Supplier That Includes Binding DLE Licensing Terms to Advance Boardwalk to Commercial Production with Project Execution Targeted for 2027 Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/lithiumbank-signs-development-agreement-with-leading-energy-services-and-technol--972c7751-e9ea-4fd5-ac72-f2532d6dc636 Original source: https://money.tmx.com/en/quote/LBNK/news/7286253510470852/lithiumbank-signs-development-agreement-with-leading-energy-services-and-technol Publisher: tmx Original announcement: 2025-12-22T13:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: LithiumBank Resources Corp. - Ticker: LBNK - Exchange: TSX - Region: Alberta, Canada - Primary commodity: Lithium - Secondary commodities: None reported - Document categories: Resource update, Agreement transaction - Extracted: 2026-09-18 07:01:50 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary LithiumBank Resources Corp. has signed a binding Development Agreement with a technology supplier to implement modular Direct Lithium Extraction \(DLE\) at its Boardwalk project in Alberta. The agreement includes licensing for DLE technology and plans for a feasibility study to be completed in 2026, supported by up to $3.9M in Alberta government funding. Reasoning: The announcement of a binding development agreement for DLE technology and government funding for feasibility studies represents a significant de-risking milestone for the Boardwalk project. - Positive factor: Binding DLE licensing agreement signed - Positive factor: Modular scale-up approach \(5,000 tpa increments\) - Positive factor: Government funding support \(ERA\) for feasibility and testing - Positive factor: Existing NI 43-101 resource base disclosed - Negative factor: Project execution target is 2027 \(not immediate\) - Negative factor: QP is non-independent Facts used in scoring: 2 ## Classification and evidence **Agreement Signed** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: Company entered into a Development Agreement with a technology supplier for DLE licensing. Evidence · text > has entered into a Development Agreement \(" DA "\) dated December 21st , 2025 **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 a specific NI 43-101 Technical Report for the resource estimate. Evidence · text > Boardwalk's NI 43-101 resource estimate entitled "LithiumBank Resources Corp. Boardwalk NI 43-101 Technical Report" **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource estimate includes an Indicated category. Evidence · text > reported Indicated resources of 5.2 million tonnes LCE at 81.6 mg/L lithium **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource estimate includes an Inferred category. Evidence · text > 2.8 million tonnes LCE inferred at 79 mg/L lithium **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: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/lithiumbank-signs-development-agreement-with-leading-energy-services-and-technol--972c7751-e9ea-4fd5-ac72-f2532d6dc636#fact-resource-facts-0) Boardwalk · lithium #### Identity - Project: Boardwalk - Commodity: lithium - Region: canada\_ab - Reported Region: Alberta, Canada - 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: Kevin Piepgrass - Resource group id: resource:e822e3649417cd5d6ca3 - Deposit or zone: Boardwalk #### Resource Data - Category: indicated - Tonnes: 5200000 - Grade: 81.6 - Grade Unit: mg/L - Contained Metal: 5200000 - Contained Unit: tonnes lce - Cutoff Grade: 50 - Cutoff Unit: mg/L Li #### Prior Estimate - Resource Date: 2025-02-20 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-22T00:00:00.000Z Reasoning: Standard indicated resource disclosure for the project. - Positive factor: Indicated category provides geological confidence Evidence · text > reported Indicated resources of 5.2 million tonnes LCE at 81.6 mg/L lithium #### 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 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 **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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/lithiumbank-signs-development-agreement-with-leading-energy-services-and-technol--972c7751-e9ea-4fd5-ac72-f2532d6dc636#fact-resource-facts-1) Boardwalk · lithium #### Identity - Project: Boardwalk - Commodity: lithium - Region: canada\_ab - Reported Region: Alberta, Canada - 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: Kevin Piepgrass - Resource group id: resource:ee2b41ea8345c6536319 - Deposit or zone: Boardwalk #### Resource Data - Category: inferred - Tonnes: 2800000 - Grade: 79 - Grade Unit: mg/L - Contained Metal: 2800000 - Contained Unit: tonnes lce - Cutoff Grade: 50 - Cutoff Unit: mg/L Li #### Prior Estimate - Resource Date: 2025-02-20 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-22T00:00:00.000Z Reasoning: Standard inferred resource disclosure. - Negative factor: Inferred category is speculative Evidence · text > 2.8 million tonnes LCE inferred at 79 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 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 **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.