- LithiumBank (LBNK) signs MOU with Invest Alberta to develop commercial lithium production facility in Alberta
- Invest Alberta which will promote the project domestically and internationally, helping build relationships
- The company hopes to expand its operations in Alberta, while developing and funding more projects operational within the area by 2027
- 25 full time spots are looking to be filled by the company within the next18 months
- LithiumBank is up over 4 per cent, trading at C$1.29 at 12:09 pm EST
LithiumBank Resources (LBNK) signed a MOU with Invest Alberta to develop a commercial lithium production facility in Grand Prairie Alberta.
The company currently holds over 3.6 million acres of mineral titles.
Invest Alberta which will promote the project domestically and internationally, helping build relationships with key stakeholders and senior government officials.
According to the company, there is potential to create high paying employment opportunities in Alberta, in addition to contributing to the output of the clean energy sector.
The oil heavy Alberta has long been a strong contender in the countries economy.
LithiumBanks Executive Chairman Paul Matysek is excited about what Invest Alberta can provide.
“This MOU is an important step for LithiumBank as we aim to make Alberta and Canada global leaders in lithium resource level.”
Matysek went on to add, “Invest Alberta’s support is expected to accelerate the creation of new green energy jobs that can help Alberta capitalise on the era of electrification and decarbonization.”
Going forward, LithiumBank hopes to expand its operations in Alberta, while developing and funding more projects operational within the area by 2027.
The company is also looking at hiring 25 full time employees within 18 months.
LithiumBank is up over 4 per cent, trading at C$1.29 at 12:09 pm EST.
