LithiumBank Resources Corp (LBNK) Financings
TSXV: LBNK · Lithium · Development stage
- Market cap$39.0M
- Share price$0.500
- 52-week range$0.315 – $0.890
- Shares outstanding77,930,977
- ExchangeTSXV
- Websitelithiumbank.ca
LithiumBank Resources Corp. (TSXV: LBNK) (OTCQX: LBNKF) is a publicly traded lithium company that is focused on developing its two flagship projects, Boardwalk and Park Place, in Western Canada. These projects host some of the largest lithium brine resources in North America. The Company holds 1,240,140 acres of brown-field brine hosted mineral licenses across three districts in Alberta and Saskatchewan. The Company has pilot tested multiple mature Direct Lithium Extraction ('DLE') technologies and has signed a Development Agreement with SLB to bring the Boardwalk project into production. This agreement includes binding DLE licensing terms with SLB to provide an energy efficient, cost-effective and commercially viable end-to-end lithium brine solution. The Company is now working toward establishing commercial lithium production by leveraging existing brownfield infrastructure and a modular scale-up approach.
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LithiumBank Resources Corp financial statements
Key figures read from 18 of 18 financial statement filings, May 30, 2022 to Aug 31, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$3,510,977 | C$4,889,037 | C$6,496,928 | C$4,425,964 | C$8,885,585 |
| Total current assets | C$3,776,606* | C$6,075,413* | C$10,963,187* | C$4,649,037* | C$9,063,992* |
| Exploration and evaluation assets | C$4,360,372 | C$2,775,982 | C$67,219 | C$3,584,516 | C$1,065,219 |
| Total assets | C$8,189,119 | C$12,879,242 | C$11,030,406 | C$8,233,553 | C$10,129,211 |
| Debt | — | C$0 | C$600,000 | — | — |
| Total liabilities | C$785,952 | C$2,230,901 | C$4,711,593 | C$293,530 | C$376,822 |
| Shareholders' equity | C$7,403,167 | C$10,648,341 | C$6,318,813 | C$7,940,023 | C$9,752,389 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Sep 2025 | FY Sep 2024 | FY Sep 2023 | FY Sep 2022 | FY Sep 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$1,918,385 | C$7,938,116 | C$2,219,409 | C$1,226,887 | C$1,385,005 |
| General and administrative | C$1,385,346 | C$2,715,355 | C$1,500,593 | C$1,452,121 | C$533,638 |
| Share-based compensation | C$467,595 | C$1,701,742 | C$1,852,036 | C$135,146 | C$3,964,130 |
| Impairments and write-downs | C$0 | (C$496,846) | — | — | — |
| Net income (loss) | (C$8,106,179) | (C$4,752,164) | (C$6,968,586) | (C$3,463,716) | (C$6,105,933) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Sep 2025 | FY Sep 2024 | FY Sep 2023 | FY Sep 2022 | FY Sep 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$4,218,366) | (C$14,916,978) | (C$4,376,491) | (C$3,221,416) | (C$2,095,247) |
| Investing cash flow | — | — | — | (C$2,554,047) | (C$875,027) |
| Financing cash flow | C$4,393,646 | C$2,578,375 | C$7,053,962 | C$1,315,842 | C$11,038,373 |
| Exploration spending (capitalized) | (C$1,584,390) | — | — | (C$2,554,047) | (C$1,045,219) |
| Property, plant and equipment spending | C$0 | — | — | — | — |
| Proceeds from share issues | C$4,643,410 | — | — | C$0 | C$6,088,180 |
| Change in cash | (C$1,378,060) | (C$1,607,891) | C$2,070,964 | (C$4,459,621) | C$8,068,099 |
| Cash at end of period | C$3,510,977 | C$4,889,037 | C$6,496,928 | C$4,425,964 | C$8,885,585 |
LithiumBank Resources Corp financings
4 financings announced or closed by LithiumBank Resources Corp, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-08-27 | LithiumBank Resources Corp (LBNK) | Private placement, non-brokered | Closed, 1 tranche | $5.5M | $0.600 | LithiumBank Announces Non-Brokered Private Placement |
| 2026-03-04 | LithiumBank Resources Corp (LBNK) | Private placement, non-brokered | Closed, 1 tranche | $2.3M | $0.600 | LithiumBank Closes $2.25 Million Private Placement |
| 2025-03-25 | LithiumBank Resources Corp (LBNK) | Flow-through, LIFE offering, non-brokered | Tranche closed, 1 tranche | $5.0M | $0.350 | LithiumBank Announces $5 Million Private Placement and Repricing of Stock Options |
| 2023-10-10 | LithiumBank Resources Corp (LBNK) | Private placement, non-brokered | Closed, 1 tranche | $3.5M | $1.00 | LithiumBank Announces $2M Private Placement of Units |