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LithiumBank closes upsized $5.5M private placement to fund lithium project feasibility study

Company Fundamentals
28 Aug 2026
Newsfile Corp
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Bullish
pluang ai news

LithiumBank Resources Corp. has closed an upsized private placement, raising $5.5 million by issuing 9.2 million units at $0.60 each. The funds will support a feasibility study for its Boardwalk Lithium Brine Project in Alberta and general working capital. Each unit includes one common share and a warrant to buy another share at $0.90 within 24 months. The company also paid finders' fees and issued warrants to intermediaries. Final approval from the TSX Venture Exchange is pending. LithiumBank aims to advance its lithium extraction projects leveraging existing infrastructure and new technology partnerships.

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