# LithiumBank Awarded $3.9M in Non-Dilutive Funding from Emissions Reduction Alberta to Advance Boardwalk Lithium Brine Project

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/lithiumbank-awarded-3-9m-in-non-dilutive-funding-from-emissions-reduction-albert--55f5dc27-3a91-4b97-b9fa-2194a94bb035

Original source: https://money.tmx.com/en/quote/LBNK/news/8072287868474415/lithiumbank-awarded-3-9m-in-non-dilutive-funding-from-emissions-reduction-albert

Publisher: tmx

Original announcement: 2025-07-17T11:49:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: LithiumBank Resources Corp.

- Ticker: LBNK

- Exchange: TSX

- Region: Alberta

- Primary commodity: Lithium

- Secondary commodities: None reported

- Document categories: Agreement transaction, Resource update

- Extracted: 2026-08-25 19:01:39 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

LithiumBank Resources Corp. has been awarded CAD $3.9 million in non-dilutive funding from Emissions Reduction Alberta to advance its Boardwalk Lithium Brine Project. The funds will support reservoir modeling, DLE technology testing, and the completion of a Feasibility Study by the end of 2026.

Reasoning: The award of $3.9M in non-dilutive funding significantly de-risks the Boardwalk project's development path and supports upcoming feasibility and DLE testing milestones.

- Positive factor: Non-dilutive funding of $3.9M

- Positive factor: Strategic milestone support for DLE and Feasibility Study

- Positive factor: Large known lithium brine resources in North America

- Negative factor: Funding is milestone-based \(reimbursement model\)

Facts used in scoring: 1

## Classification and evidence

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: Kevin Piepgrass, P.Geo, is named as the Qualified Person for the NI 43-101 resource estimates.

Evidence · text

> prepared and approved by Kevin Piepgrass, P.Geo, who is a Qualified Person \(QP\)

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The resource estimate uses a specific cut-off of 50 mg/L Li.

Evidence · text

> resource estimation was completed and reported using a cut-off of 50 mg/L Li

## Extracted facts

Stored fact records: 0. Some facts used in scoring do not have a stored record.

No stored fact records are available for this extraction.

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.