LithiumBank Announces AGM Results

Core Viewpoint - LithiumBank Resources Corp. successfully held its Annual and Special Meeting of Shareholders, with all proposed resolutions being approved, indicating strong shareholder support for the company's strategic direction and governance [2][3]. Company Overview - LithiumBank Resources Corp. is a publicly traded lithium development company focused on lithium-enriched brine projects in Western Canada, holding 2,148,963 acres of brown-field lithium brine licenses across three districts [3]. - The company aims to acquire district-scale landholdings with prospective lithium brine geology and is engaged in de-risking its assets while structuring beneficial transactions with major project developers [3]. Meeting Highlights - A total of 9,827,931 common shares, representing approximately 19.70% of the company's outstanding shares, were voted at the meeting [2]. - Key resolutions approved include the reappointment of Davidson & Company LLP as auditors, setting the number of directors at five, and the election of five nominees as directors [7]. Project Development - LithiumBank's January 2024 Preliminary Economic Assessment (PEA) for the Boardwalk project proposes the largest lithium carbonate equivalent (LCE) brine production in North America at 34,005 tons per annum (TPA) [3].