Lithium Bank, Go2Lithium's customer in Canada, has just released...

Lithium Bank, Go2Lithium's customer in Canada, has just released news regarding an updated PEA. Here are some highlights:

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"The significant difference from the initial PEA (“Original PEA”) released in May 2023 was the incorporation of newly licensed continuous Direct Lithium Extraction (“cDLE®”) technology from G2L Greenview Resources Inc (“G2L”) The G2L technology has numerous advantages over the direct lithium extraction (“DLE”) process applied in the original PEA."

• significantly increases Pre-Tax NPV8% to USD $3.7 Billion
• reduces OPEX to USD $4,588 per LCE/T at Flagship Boardwalk Lithium Brine Project, Alberta, Canada

“We are very pleased to provide an updated PEA which highlights the effectiveness of our newly licensed cDLE® technology from G2L,” commented LithiumBank CEO Rob Shewchuk. “Reducing the operating cost by 34% to US $4,588 /t LHM both shortens the payback period to 3.5 years and increases NPV to US$ 3.7B, making our Boardwalk project highly competitive on the world stage. We believe having district scale, 100% owned, unconventional lithium development projects in North America makes LithiumBank a unique investment opportunity. This, along with the combination of substantial LCE resources and the ability to utilize the wealth of experience, data and infrastructure provided by major energy companies in Central Alberta, positions us well for continued success.”

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I reckon this will attract further customers. And sooner or later we should see an effect on the share price (CNQ) in my opinion.