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5 Red-Hot Lithium Stocks to Buy and Hold in 2023

Governments all over the world are pushing for a greener future. The U.S. just promised to cut emissions by up to 52%. Europe says it’ll cut emission…

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This article was originally published by Baystreet

Governments all over the world are pushing for a greener future. The U.S. just promised to cut emissions by up to 52%. Europe says it’ll cut emission by up to 55%. China will stop releasing CO2 in the next 40 years. In doing so, they all want millions of electric vehicles on the roads.

It’s part of the reason major auto companies, like General Motors and Ford are investing billions in EVs. In fact, General Motors just said it’ll boost spending on electric vehicles by $35 billion through 2025. Plus, according to a new study by Ernst & Young, electric vehicles could outpace combustion engines in the next 12 years in the U.S., Europe, and China, according to The Street. “By 2045, non-EV sales were seen plummeting to less than 1% of the global car market.” Unfortunately, with all of that demand, supply is struggling to keep pace. All of which is great 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. provided a project update and detail the development strategy for LithiumBank’s Kindersley Lithium Project located near Kindersley, Saskatchewan, Canada that makes up part of its Saskatchewan district portfolio of 100% Crown land. The Company’s initial focus was to target areas where the Duperow Formation reservoir has:

– Lithium brine concentrations above 70 mg/L and could potentially support large scale brine extraction & subsequent reinjection

– Comprehensive production data that indicate large volumes of brine

– Past producing wells and local infrastructure. Following these criteria, LithiumBank acquired 111,282 acres of Crown mineral permits.

LKLP targets the Duperow Formation which is stratigraphically equivalent to the Leduc Formation in Alberta that hosts the company’s Boardwalk & Park Place district projects. The Duperow formation varies in gross thickness across the South Saskatchewan lithium region between 150 – 300 metres and has reported some of the highest lithium-brine grades in western Canada with samples reported between 70 -190 mg/L Li.

LKLP Highlights

– Project size: 111,282 acres, 174 sections of Crown mineral permits

– Development status: Reservoir characterization

– Next milestone: NI 43-101 Resource Estimate, <6 months

– Reservoir grade: 70-81 mg/L Li

– Reservoir thickness: Up to 300 metres, the thickest Duperow section in South Saskatchewan

– Modelled brine volume: 3.89 million m3 at 6% porosity

– Depth to reservoir formation: 1,100 metres

– No H2S or significant hydrocarbons in reservoir

– Engaged Matrix Solutions Inc. on February 23rd, 2022, to complete a reservoir characterization study and Resource Estimate

LKLP is the Company’s most advanced project in Saskatchewan. It benefits from significant historic oil and gas infrastructure including past producing wells, all season roads and proximity to electricity and gas lines. LithiumBank’s sees significant value in continued investment in the project based on positive sampling results from other contiguous operators. Furthermore, KLP is further distinguished by being Crown land that does not have the royalty and other obligations associated with freehold land holdings in the region.

LithiumBank completed a hydrogeological report for LKLP in November 2022 (see November 9, 2022 news release) and Matrix Solutions has been contracted to prepare an initial NI 43-101 resource estimate following a successful brine sampling and mineral processing test work campaign.

LithiumBank plans to further test, sample and analyse the reservoir at LKLP to support an initial Preliminary Economic Assessments (PEA) expected to be completed in H2/23. The analysis will include:

– Direct Lithium Extraction (“DLE”) test work

– Brine chemistry analysis and characterization

– Reservoir flow characteristics

– Reservoir development strategy

– Infrastructure availability

– Environmental and social assessment

– Financial modelling

“In 2023, LithiumBank will be focused on developing our flagship district scale Boardwalk and Park Place assets. However, since acquiring our 100% Crown LKLP claims, we have been encouraged by our modelling and engineering work as well as results reported by our peers on their largely freehold land holdings to date,” commented Rob Shewchuk, CEO and director of LithiumBank. LKLP’s Crown land position stands apart in the region as it is not impeded by material work commitments, royalty, earning & confidentiality obligations associated with freeholdings. LKLP is primed for expedient development where we see a tremendous opportunity to create significant shareholder value.”

“Furthermore, we look forward to working with the Province of Saskatchewan and other stakeholders to establish a fair pooling agreement for shared lithium brine reservoirs. Beyond LKLP our total portfolio of Crown claims is the largest of any company in Saskatchewan and of note, one of our peers with contiguous claims to our South Property, Prairie Lithium, recently announced their sale to Arizona Lithium for $70.5M in cash and shares. As a diversified multi-district lithium developer, LithiumBank’s strategy for its Saskatchewan portfolio of assets includes the potential for building value through partnerships and joint ventures. 2023 has the potential to be a catalyst rich year to create shareholder value across our significant portfolio of highly sought after Crown mineral permits.”

Other related developments from around the markets include:

Albemarle Corporation, a leader in the global specialty chemicals industry, announced that it will release its fourth-quarter 2022 earnings after the NYSE closes on Wednesday, Feb. 15, 2023. The company will hold its conference call to discuss fourth-quarter 2022 results on Thursday, Feb. 16, at 9:00 a.m. ET. This call will be webcast and can be accessed through Albemarle Corporation’s website.

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. entered into an agreement with Nevada Alaska Mining Co. Inc., an arms-length party, to buy back the remaining one percent (1%) gross overriding royalty on the Company’s wholly owned TLC Lithium Project located in the Esmerelda lithium district northwest of Tonopah, Nevada. Pursuant to the terms of the Agreement, American Lithium will issue 950,000 common shares in the capital of the Company to Nevada Alaska Mining Co. Inc. The Shares will be subject to a statutory hold period of four months and one day in accordance with applicable securities laws. The acquisition of the Royalty, and issuance of the Shares, remains subject to the approval of the TSX Venture Exchange.

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.

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.

Contact Information:

Ty Hoffer
Winning Media
281.804.7972
[email protected]










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