LithiumBank Resources Corp. (V:LBNK)
Business Focus: Specialty Mining & Metals (NEC)
| Sector: Basic Materials | Industry: Specialty Mining & Metals |
| Company Contact | |
| Address: | 10th Floor, 595 Howe Street VANCOUVER BC V6C 2T5 |
| Tel: | N/A |
| Website: | https://www.lithiumbank.ca |
| IR: | See website |
| Key People | ||
| Paul Frank Matysek Executive Chairman of the Board | Robert Shewchuk Chief Executive Officer, Director | Ann Fehr Chief Financial Officer |
| Kevin Piepgrass Chief Operating Officer | Jon Lamothe Vice President - Exploration | |
| Business Overview |
| LithiumBank Resources Corp. is a Canada-based development company focused on lithium-enriched brine projects in Western Canada. The Company holds over 3.6 million acres of mineral titles, 3.33M acres in Alberta. The Company's Boardwalk Lithium Brine Project is located in west-central Alberta, approximately 85 kilometers (km) east of the City of Grande Prairie and 270 km northwest of the City of Edmonton. The Project consists of 30 Alberta Metallic and Industrial Mineral contiguous permits covering an area of 572,237 acres, within a LithiumBank total land package of approximately four million acres in west-central Alberta. Its Park Place is land consisting of 1,571,364 acres of mineral titles, 50 km south of Boardwalk. The Company holds Saskatchewan with 336,595 acres of mineral permits across three separate property areas. |
| Financial Overview |
| For the three months ended 31 December 2023, LithiumBank Resources Corp revenues was not reported. Net loss increased 25% to C$1.5M. Higher net loss reflects Management fees increase from C$131K to C$610K (expense), Share-based payments increase from C$67K to C$316K (expense), Exploration and evaluation increase of 42% to C$674K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.03. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $30.99M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$8.43M as of Dec 31, 2023 |
| Net annual income (TTM): | -$7.27M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$6.46M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 49,882,939 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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