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LithiumBank converts oil well to lithium brine production, advancing low-cost lithium output in Alberta

Company Fundamentals
09 Sep 2026
Newsfile Corp
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Bullish
LithiumBank converts oil well to lithium brine production, advancing low-cost lithium output in Alberta

LithiumBank Resources has successfully converted its 10-6 well from an oil well to a lithium brine production well at its Boardwalk project in Alberta. This conversion leverages existing oilfield infrastructure to reduce costs, environmental impact, and speed up development toward commercial lithium production using Direct Lithium Extraction (DLE) technology. The well is now used for lithium brine extraction and ongoing reservoir monitoring to support feasibility studies. LithiumBank aims to scale up production efficiently by repurposing legacy assets and partnering with SLB for DLE technology deployment.

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