LithiumBank Secures $3.9M Funding to Advance Largest North American Lithium Brine Project

Several companies and research teams are advancing lithium extraction technologies to meet the growing demand driven by the electric vehicle market. The University of Connecticut is developing sustainable methods for extracting lithium from geothermal brines within the U.S., focusing on reducing water and energy use while minimizing carbon emissions, and aiming to create a resilient national supply chain. LithiumBank Resources Corp. has secured $3.9 million in non-dilutive funding from Emissions Reduction Alberta to advance its Boardwalk Lithium Brine Project in Alberta, utilizing modular Direct Lithium Extraction technology to reduce development timelines and capital expenditure. LithiumBank holds some of the highest-grade lithium brine resources in North America and is working towards commercial production with government support emphasizing environmental and economic benefits. One World Lithium is testing a novel Direct Lithium Carbonation Extraction technology on lithium brine samples from a South American mining project, aiming to produce lithium carbonate in a single step with lower environmental impact and costs, supported by secured funding and patent applications. Collectively, these initiatives highlight efforts to diversify lithium supply with innovative, environmentally conscious extraction technologies across North America and beyond.