LithiumBank receives $760,000 ERA funding tranche for Boardwalk lithium brine project milestone 1 completion

Reuters2026/08/10 12:07

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LithiumBank received CAD 760,000 from Emissions Reduction Alberta tied to Milestone 1 at its Boardwalk lithium brine project.
Payment reflects CAD 894,094 of eligible spending, net of a 15% holdback of CAD 134,114 under the funding agreement.
Milestone 1 included collecting about 150 cubic meters of brine from the 10-6 well for DLE testing and lithium carbonate conversion work.
The program reimburses 50% of eligible costs up to CAD 1.6 million; total ERA support remains CAD 3.9 million.
Remaining ERA allocation can now be redirected to Milestone 3, a feasibility study/FEED for a low-capex modular production approach at Boardwalk.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LithiumBank Resources Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608100800NEWSFILECNPR____20260810_308829_1) on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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LithiumBank receives $760,000 ERA funding tranche for Boardwalk lithium brine project milestone 1 completion

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