LithiumBank Resources Corp. Updates Park Place Lithium Brine Resource Estimate, Strategic Realignment Reduces Holdings and Costs

Reuters

05-30

<a href="https://laohu8.com/S/LBNKF">LithiumBank Resources Corp.</a> Updates Park Place Lithium Brine Resource Estimate, Strategic Realignment Reduces Holdings and Costs

Vancouver, British Columbia--(May 29, 2025) - LithiumBank Resources Corp. (TSXV: LBNK) (OTCQX: LBNKF) has announced an update to its NI 43-101 lithium brine resource estimate for the Park Place Project in west-central Alberta. The company has strategically reduced its brine hosted mineral licences to focus on areas with the highest potential for brine production, now covering 226,683 hectares. The updated resource estimate reports 15,082,000 tonnes of inferred Lithium Carbonate Equivalent at a grade of 80.0 mg/L lithium. This move reduces the company's annual licensing fees by C$821,468. Additionally, LithiumBank and G2L Greenview Resources Inc. have agreed to terminate their intellectual property agreements to pursue independent opportunities. The updated estimate was reviewed by qualified professionals from Montrose Environmental Solutions Canada Inc. and APEX Geoscience Ltd.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LithiumBank Resources Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 253936) on May 30, 2025, and is solely responsible for the information contained therein.

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Updates Park Place Lithium Brine Resource Estimate, Strategic Realignment Reduces Holdings and Costs","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/LBNKF\">LithiumBank Resources Corp.</a> Updates Park Place Lithium Brine Resource Estimate, Strategic Realignment Reduces Holdings and Costs\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Vancouver, British Columbia--(May 29, 2025) - LithiumBank Resources Corp. (TSXV: LBNK) (OTCQX: LBNKF) has announced an update to its NI 43-101 lithium brine resource estimate for the Park Place Project in west-central Alberta. 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Updates Park Place Lithium Brine Resource Estimate, Strategic Realignment Reduces Holdings and Costs\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-05-30 10:09</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/LBNKF\">LithiumBank Resources Corp.</a> Updates Park Place Lithium Brine Resource Estimate, Strategic Realignment Reduces Holdings and Costs\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Vancouver, British Columbia--(May 29, 2025) - LithiumBank Resources Corp. (TSXV: LBNK) (OTCQX: LBNKF) has announced an update to its NI 43-101 lithium brine resource estimate for the Park Place Project in west-central Alberta. The company has strategically reduced its brine hosted mineral licences to focus on areas with the highest potential for brine production, now covering 226,683 hectares. The updated resource estimate reports 15,082,000 tonnes of inferred Lithium Carbonate Equivalent at a grade of 80.0 mg/L lithium. This move reduces the company's annual licensing fees by C$821,468. Additionally, LithiumBank and G2L Greenview Resources Inc. have agreed to terminate their intellectual property agreements to pursue independent opportunities. 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