That’s up from the after-tax NPV of $1.7 billion and IRR of 17.8% in the initial PEA, released in May. The payback period has been cut from 4.1 years to 3.5 years, on a pre-tax basis.
Company shares hit C$0.90 apiece in Toronto on Friday afternoon, valuing the company at C$39.4 million. Its shares traded in a 52-week range of C$0.72 and C$1.72.
Greenview Resources’ (G2L) direct lithium extraction (DLE) technology will enable lithium recovery of 98% at Boardwalk, LithiumBank said. G2L’s technology uses reagents that cost one-third less than those used in the May PEA.
“Updating the Boardwalk PEA to incorporate our licensed technology from G2L to further enhance the asset is an important part of our development strategy,” said LithiumBank CEO Rob Shewchuk. “Our goal is to provide de-risked, construction-ready direct lithium brine projects to major developers. Boardwalk is the most advanced to date, but we will continue to…
