LithiumBank Resources Corp. practically closing the market

Insight

One of the main materials in rechargeable batteries, lithium plays a central role in our transition to a clean electric future. It is one of 31 minerals identified by the Government of Canada as essential to the sustainable economic success of the country and its allies. These minerals, as set out in the Canadian Minerals and Metals Plan (CMMP), are also key to establishing the country as a world leader in the energy transition.

Beyond economic security, socially and environmentally sustainable development practices are also crucial in the country’s transition to a low-carbon economy. As the world grapples with the ongoing climate crisis, electrification presents a compelling solution. Renewables are poised to replace fossil fuels as electric vehicle sales continue to rise. Meanwhile, battery-powered sensors and smart devices are quickly becoming the backbone of a connected world, giving us convenience, productivity and more.

This evolution could be derailed by a simple problem. In its current state, lithium production cannot keep pace with global demand. One analyst even suggests that the imbalance, if left unresolved, could put a hard cap on lithium demand as early as 2027.

LithiumBank Resources (TSXV: LBNK) is a Western Canada-based exploration and development company that holds over 3.15 million acres of mineral claims in Alberta (2.82 million) and Saskatchewan (326,000 ). The Company’s lithium-enriched brine projects take advantage of direct lithium extraction (DLE) which has the potential to offer greater efficiency, lower cost and a lower environmental footprint than existing production methods.

The company is led by a qualified and recognized management team composed of professionals from the energy, geological sciences, commodities, investments and mining sectors. The team has already cooperated extensively with oil and gas operators and established relationships with leading extraction process technology companies. As it develops its existing claims, it plans to continue to acquire and consolidate high quality lithium exploration projects.

LithiumBank’s current claims are located in known lithium hotspots; which between them are home to more than 500 existing oil wells. The oil and gas industry has spent decades establishing infrastructure in these areas. Many of these wells and sites are further positioned in reservoirs which could provide the ideal conditions for the application of DLE technology.

Alberta is also home to a large and underutilized workforce with considerable expertise in mining, while the province’s long history in the extractive industries provides strong social support. Regulatory-wise, the mature framework established by oil and gas lends itself well to lithium brine production, as does the province’s continued push toward economic diversification. Finally, extensive geological data provides a solid foundation and further enables low-cost resource delineation.

Advantage LithiumBank Western Canada

“It’s a significant advantage that Alberta has focused largely on extractive resources since its inception as a province in 1905,” said Rob Shewchuk, president and CEO of LithiumBank. “We are laying the groundwork for what has the potential to become a large-scale, carbon-neutral, battery-grade lithium production opportunity that could add a significant supply of lithium to the battery supply chain in North America. .”

LithiumBank’s flagship project, Sturgeon Lake, covers a total area of ​​761,601 acres and has the potential to contain the most contiguous elemental tons of lithium of any lithium brine project in North America.

key project

LithiumBank

Sturgeon Lake

Located 270 kilometers northwest of Edmonton, the Sturgeon Lake project comprises 28 Alberta metallic and industrial mineral licenses that contiguously cover 761,601 acres of land. Oil and gas production in the region began in 1955 and was suspended in 2020 by its operator.

Management team

Paul Matysek – Senior Strategic Advisor

A geologist and geochemist by training, Paul Matysek is also a successful alpha entrepreneur and creator of shareholder value with over 40 years of experience in the mining industry. Since 2004, as CEO or executive chairman, Matysek has sold six publicly traded exploration and development companies, with a total value of over $2 billion. Most recently in the lithium business, he served as executive chairman of Lithium X, which was sold to Nextview New Energy Lion Hong Kong for C$265 million. Prior to that, Matysek was CEO of Lithium One, which merged with Galaxy Resources of Australia to create a multi-billion dollar integrated lithium company.

Matysek served as President and CEO of Goldrock Mines, which was sold to Fortuna Silver Mines in July 2016. He served as CEO of Potash One, which has since been acquired by K+S Aktiengesellschaft for C$434 million in a takeover. friendly control in 2011. Matysek was also the co-founder and CEO of Energy Metals, a uranium company that grew from a market capitalization of C$10 million in 2004 to approximately C$1.8 billion when it was sold in 2007. In June 2021, then-CEO Paul Matysek sold Gold X Mining to Gran Colombia Gold in an all-stock deal worth C$315 million.

Rob Shewchuk – President and CEO

Rob Shewchuk is an Alberta-based investor with 25 years of capital markets experience, including as Chairman of Standard Securities Capital and as Managing Director of Wolverton Securities, acquired by PI Financial in 2016. Shewchuk currently serves on the board of Directors of Graphene Manufacturing. Group, Specter Capital, Verses Technologies and is a partner and director at Caerus Capital.

Gianni Kovacevic – Co-founder, director

Gianni Kovacevic is the co-founder and director of LithiumBank and is a

investor in the energy and commodities sectors. A graduate in electrical studies from the British Columbia Institute of Technology, he is an expert in analyzing the global energy matrix and the impact of technology and renewable energy on all aspects of society. Fluent in English, German, Italian and Croatian, Kovacevic lives in Vancouver

Taylor MacDonald – Co-Founder, Advisor

Taylor MacDonald brings over 15 years of financial markets experience, having worked in Vancouver, London and New York on both the buy and sell sides. He is currently a founder and partner of Caerus Capital, a founding member of Silicon Valley

Blockchain Society (SVBS) and SVBS Canada. MacDonald is also a graduate of the University of Pennsylvania’s Wharton School of Business, a CFA charterholder, and a director of STAND, a scholarship foundation for at-risk youth.

Jon LaMothe – VP Exploration

Jon LaMothe holds a Bachelor of Science in Geology and a Masters in Geology, both from the University of Alberta. LaMothe’s capabilities have led to the discovery and capture of several fields with over C$2 billion spent to date on the targets he has identified. He helped take Black Swan Energy from no production to a major private oil and gas producer in Canada, eventually acquired by Tourmaline Oil for C$1.1 billion.

Kevin Piepgrass – COO

Kevin Piepgrass is a graduate of the University of Alberta and a professional geologist, registered with the Professional Engineers and Geoscientists of British Columbia. Piepgrass has over 15 years of experience managing the exploration and development of commodities including gold, silver, copper, lithium and rare earths. Piepgrass is a Qualified Person under National Instrument 43-101 Disclosure Standards for Mining Projects.

Corey Shewchuk – Marketing Manager

Corey Shewchuk is the co-founder of Hammell Road Innovation, a company dedicated to investing in and contributing to booming technologies. Shewchuk has a decade of management and marketing experience across multiple industries.

Fehr & Associates – Chief Financial Officer/Controller

Fehr & Associates provides advisory services to a number of mineral exploration companies with over 25 years of business experience in management, complex transactions, corporate finance, financial reporting, governance and regulatory conformity.

Christopher Murray – Director

Christopher Murray has been a partner at Osler Hoskin & Harcourt for over 25 years. He leads Osler’s Asia-Pacific initiative, having advised a number of Asia-based companies, primarily on their investments in Canadian energy and mining companies. Murray’s practice focuses on mergers and investments for public companies, private equity sponsors and pension funds. He was fortunate to have been involved in a wide range of transaction sizes with varying degrees of complexity. Murray has contributed to Lexpert’s Deal of the Year and smaller, but still business-critical, mid- and small-cap public company deals.

Murray also has extensive financial markets experience, having advised on more than 100 public offerings and dozens of IPOs during his career. He advises a number of public reporting issuers and their boards as well as Canadian pension plans as primary, trusted corporate governance counsel. Murray is widely recognized, both in Canada and abroad, as a leading business lawyer by reputable organizations including Lexpert, Best Lawyers and Chambers Global. Murray also practiced in Australia early in his career on a two-year secondment from Osler. Murray has experience as a trustee of a public REIT that has been acquired by another public REIT and as a director of not-for-profit and private entities.

Steven Piepgrass – Director

Steven Piepgrass is Vice President of Construction and Government Relations at Green Impact Partners (GIP). He is responsible for the construction of all new energy projects and for establishing and maintaining constructive, respectful and transparent relationships with all levels of government. Piepgrass joined GIP in August 2021 where he is currently leading the construction of two RNG projects in Colorado, supporting the development of other low carbon energy projects in Alberta and British Columbia.

Prior to joining GIP, Piepgrass worked at ATCO Canadian Utilities where he worked for 18 years, most recently as Senior Vice President and General Manager, where he led ATCO’s storage and liquids businesses, which included the development and execution of its Salt Caverns and Heartland Water. Hospitality projects. Piepgrass holds a degree in Chemical Engineering and an MBA from the University of Calgary. He is a member of the Association of Professional Engineers and Geoscientists of Alberta (APEGA) and an alumnus of the Governor General’s Canadian Leadership Conference.

Margie D. Carlisle