As this CNN article details, the US is in desperate need of a secure lithium supply in North America. https://www.cnn.com/2022/02/22/cars/electric-vehicle-battery-supply-chain/index.html
One Canadian Li exploration company that I think could eventually meet this demand is Lithium Bank.
Lithium Bank is expected to IPO under the ticker $LBNK / $LBNK.V on the TSXV
Its flagship property is Sturgeon Lake which is estimated to have an average lithium concentration of 67.1 mg/l and to contain 5.97M tonnes of LCE.
Additionally, the property is located only 270km outside of Edmonton, Alberta making it much more accessible than other projects.
$LBNK is also expected to produce a PEA for the property which I'm hoping will come out after the IPO as a possible catalyst for the company.
I'm still trying to find out what the exact IPO date and the starting price is, will update y'all when/if I find out. Definitely an IPO to keep an eye out for IMO!
Submitted February 24, 2022 at 05:52PM by dedusitdl https://ift.tt/1iQhfAq
