The Top 3 Reasons to Invest in Lithium Right Now

January 17, 2023 -

Lithium prices are expected to push even higher. For one, “To keep up with demand, every existing producer supplying the market today must double every two to three years for the next decade,” Eric Norris, President of Albemarle said. “No producer has been able to do that reliably to date.” Two, Sociedad Quimica y Minera’s Commercial Vice President, Lithium, says “The market needs about 200 to 300,000 tonnes of lithium every year (to meet demand) and that means that you need roughly 8 to 10 new projects coming on stream every year.” Three, according to the CEO of the International Council of Metals and Mineral Mining, Rohitesh Dhawan, as noted by Sky News, "We can see quite a large mismatch between demand and supply. We currently produce around 400,000 tonnes of lithium annually. By 2030, that's likely to (need to) jump to around two million tonnes. That’s all positive news for LithiumBank Resources Corp. (TSXV: LBNK) (OTCQX: LBNKF), Albemarle Corporation (NYSE: ALB), Lithium Americas (NYSE: LAC) (TSX: LAC), American Lithium Corp. (NASDAQ: AMLI) (TSXV: LI), and Piedmont Lithium (NASDAQ: PLL).

Look at LithiumBank Resources Corp. (TSXV: LBNK) (OTCQX: LBNKF), For Example

LithiumBank Resources Corp. announce assay results from samples taken at the Company’s 100% owned Park Place Lithium Brine Project located 180 km west of Edmonton, Alberta. Three brine samples were collected from a 72-meter-thick interval at the top of the Leduc Formation in well 100/12-03-059-23W5/00 and returned grades ranging between 71.2 – 82.0 mg/L lithium with an overall average of 77.2 mg/L lithium.

The Park Place Lithium Brine Project consists of 1,602,209 acres of contiguous MIM permits (89 MIM permits) that overlie the lithium-rich Devonian aged, Leduc Formation, Carbonate Reef complex (Woodbend Group) and the underlying Beaverhill Lake Group (Swan Hills FM) (Figure 1). These Formations are confined aquifers and are considered to be hydraulically connected. The Leduc Formation reaches thicknesses of just over 300m and the Swan Hills Formation is up to 250 metres thick within the Company’s Metallic and Industrial Mineral (MIM) permits. LithiumBank considers both Formations highly favourable for potential brine production and intends for both to be the focus of continued sampling and study to lead to a NI 43-101 Resource Estimate. The contiguous MIM permits covering the Formations give the Company the dominant position over the contained lithium-rich brines.

The Leduc and Swan Hills Formations at Park Place, formally known as Fox Creek, have been producing petroleum and natural gas since the 1950’s and there are over 215 past producing wells within the Company’s MIM permits (Figure 1). This legacy hydrocarbon extraction infrastructure has enabled the Company to easily collect brine samples from existing wells without drilling new exploration holes. Furthermore, historical production logs and reports are expected to significantly reduce the timelines required to complete detailed geological and hydrogeological studies (News Release, Sept. 27, 2022). LithiumBank expects that by leveraging the extensive infrastructure in Park Place region, including highways, all-weather gravel roads, permitted drill sites, and a local skilled labour force, the Company will be able to rapidly advance the project.

The Leduc and Swan Hills Formations have historically been known to host some of the highest grades of lithium-in-brine in Alberta, with samples that range from 76 mg/L to 130 mg/L lithium within the Park Place MIM permit area ( These samples were provided to the Alberta Geological Survey by Petro-operators in 2010 and are considered historical. The samples have not been verified by a Qualified Person (QP) under the latest NI 43-101 Standards of Disclosure, cannot be relied upon and are not indicative of lithium-in-brine grades at the Formations. There has been insufficient exploration of the Formations to define a mineral resource and it is uncertain if further exploration will result in delineation of a mineral resource at either of the Leduc or Swan Hills Formations. Historical sampling results are mentioned as a reference only until such time they have been verified.

Independent Director, Paul Matysek comments, “We are very pleased to see our first Park Place brine samples reflect lithium grades from historical assays. The Park Place area has historically reported some of the highest-grade lithium brine samples in Alberta and it is very encouraging that our sampling to date confirms that lithium grades at Park Place tend to be higher than typically seen anywhere in Alberta. We look forward to providing further results from additional planned sampling campaigns and incorporating them in a NI 43-101 Resource Estimate.”

Other related developments from around the markets include:

Albemarle Corporation announced it has acquired a location in Charlotte, North Carolina, where it will invest at least $180 million to establish the Albemarle Technology Park (ATP), a world-class facility designed for novel materials research, advanced process development, and acceleration of next-generation lithium products to market. The company anticipates that innovations from the new site will enhance lithium recovery, improve production methods, and introduce new forms of lithium to enable breakthrough levels of battery performance. "Albemarle Technology Park is part of our mine-to-market innovation strategy to invest in the U.S. EV battery supply chain and to be a leader in advanced lithium materials for next-generation energy storage," said Kent Masters, Albemarle CEO. "This facility will focus and accelerate our lithium technology leadership, better enabling the world's transition to more sustainable energy."

Lithium Americas provided an update following a hearing held by the US District Court, District of Nevada on January 5, 2023, for the appeal of the issuance of the Record of Decision for the Thacker Pass lithium project, located in Humboldt County, Nevada. “Yesterday's hearing provided an opportunity to reaffirm our confidence that the permitting process for Thacker Pass was conducted thoroughly and responsibly,” commented Jonathan Evans, President and CEO. “As we continue to prepare for construction, we look to finalize key supply agreements and partnerships that can help to secure America’s clean energy future by providing responsible and domestically produced lithium.”

American Lithium Corp. announced it has received approval to list its common shares on the Nasdaq Capital Market. Trading is scheduled to commence on Nasdaq at the open of markets on Tuesday January 10, 2023, under the symbol “AMLI”. Concurrently with the listing, the Common Shares will cease to be quoted on the OTCQB® Venture Market but will continue to trade on the TSX Venture Exchange. Simon Clarke, CEO of American Lithium stated, “We are very pleased to be joining Nasdaq as this listing marks a major milestone for the Company and is a testament to the dedication and hard work of our team. We are confident this listing will elevate American Lithium’s profile in the United States capital markets by providing greater visibility and exposure to a broader institutional and retail investor base.”

Piedmont Lithium amended its agreement with Tesla, Inc. to supply the U.S. automaker with spodumene concentrate from North American Lithium. Piedmont and Tesla have mutually agreed to amend their previous offtake agreement with the terms of this new agreement, which are binding for a three-year term and include an option to renew for another three years. Under the amended agreement, Piedmont has agreed to deliver approximately 125,000 metric tons of SC6 to Tesla beginning in H2 2023 through the end of 2025. According to the terms, the SC6 pricing will be determined by a formula-based mechanism linked to average market prices for lithium hydroxide monohydrate throughout the term of the agreement. The pricing received by Piedmont under the agreement with Tesla will be determined by market prices at the time of each shipment.

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for LithiumBank Resources Corp. by LithiumBank Resources Corp. We own ZERO shares of LithiumBank Resources Corp. Please click here for full disclaimer.

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Ty Hoffer
Winning Media