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Harrinator

495 Posts.

111

24/12/23

05:06

Post #: 71607544

Originally posted by ssyd: ↑
I got this email from CNQ today.
https://www.lithiumbank.ca/index.php/news/news-2023/lithiumbank-announces-option-agreement-for-saskatchewan-properties-receives-8-million-non-refundable-deposit-terminates-pristine-asset-purchase-agreement
Following up from a July 23 ANN.
https://www.lithiumbank.ca/index.php/news/news-2023/ithiumanknnouncesaleofaskatchewanrojectstorist20230731020302

Lithium Bank Shares up 17% today.

If Lithium Bank works and the DLE works CNQ should do very well out of Lithium Banks Brine.
How commercially profitable DLE is ober hard rock salar or Clay I am not sure.

Clean TeQ Water reports on LithiumBank $8M Deposit Announcement
Dear subscriber,

LithiumBank has announced that it has entered into an option agreement for its Saskatchewan properties and received a C$8M non-refundable deposit. The optionee may exercise one or more of the Options by paying the applicable purchase price as set out in the option agreement, less the deposit, to the Company at any time until March 31, 2024, upon which time the Options shall automatically terminate.

"LithiumBank's objective is to maximize shareholder value and to lay the foundation for a thriving lithium district in western Canada," commented Paul Matysek, Executive Chairman of LithiumBank.

Clean TeQ WaterandGo2Lithiumhave a central role in LithiumBank’s future in becoming a major lithium producer in Canada. ThecDLE® pilot plantwill reach Vancouver on January 10, 2024 and then be transported to Calgary and commissioned at the LithiumBank demonstration facility in February, 2024.

LithiumBank's full announcement can be viewed here: LithiumBank Announces Option Agreement for Saskatchewan Properties - Receives $8 Million Non-Refundable Deposit - Terminates Pristine Asset Purchase Agreement
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I am confident that Lithium Bank will be successful with the Go2Lithium cDLE Technology (hence I bought some shares recently ) and that Go2Lithium will be able to acquire more projects/partners like Lithium Bank. The main reason for my confidence is, that Lithium Bank has "invested over 2 years and $1M [CAD] in search of efficient and high performing DLE technology" and they have tested "numerous DLE technologies with Hatch". They finally chose Go2Lithium cDLE Technology (powered by CNQ). I think this is a strong indication that the technology works and is superior to other DLE solutions.

According to Go2Lithium the DLE technology offers the following advantages over brine evaporation and hard rock mining methods:

Higher lithium recovery
Shorter production times: hours instead of years
Limited freshwater loss
No enormous evaporation ponds or land impact from rock mining
50% less energy consumption
50% lower carbon emissions

According to Go2Lithium the Go2Lithium cDLE Technology provides the:

Highest lithium recovery
Lowest chemical input cost
Highest lithium eluate concentration
Fastest speed to production

The recent deal with Lithium Bank seems to prove this. Time to get a bit excited