Thursday, April 06, 2023
Mark Reichman, Senior Research Analyst, Natural Resources, Noble Capital Markets, Inc.
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Collaboration with Invest Alberta. LithiumBank executed a Memorandum of Understanding with Invest Alberta Corporation (IAC) to support the development of a lithium production facility at the company’s Boardwalk brine project. Established as a crown corporation of the Government of Alberta, Invest Alberta promotes Alberta as an investment destination of choice to investors in Canada and internationally. LithiumBank’s commercial lithium production facility in northern Alberta could factor importantly in Alberta becoming a destination for critical mineral resource development and as a partner in the electrification supply chain.
Why is this collaboration important? With teams in Calgary and Edmonton along with 11 international locations, IAC connects industry, government partners, and economic development organizations and provides services to facilitate investment in Alberta. The organization will support LithiumBank by promoting the Boardwalk project domestically and internationally, facilitate relationships with key stakeholders and senior government officials, and bolster LithiumBank’s relationships with post-secondary institutions to create a qualified talent pipeline in support of the project.
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