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TSX.V: LBNK  |  OTC: LBNKF  |  FRA: HT9

LEGAl

Qualified Person 

The scientific and technical disclosure on this website has been reviewed and approved by Mr. Kevin Piepgrass (Chief Operations Officer, LithiumBank Resources Corp.), who is a Member of the Association of Professional Engineers and Geoscientists of Alberta (APEGA) and the Association of Professional Engineers and Geoscientists of the Province of British Columbia (APEGBC) and is a Qualified Person (QP) for the purposes of National Instrument 43-101. Mr. Piepgrass consents to the inclusion of the data in the form and context in which it appears.

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Legal Notice 

This website is the official site of LithiumBank Resources Corp. and its subsidiary (herein referred to as the “Company” or “we”). The information provided on this website is provided solely for the reader’s general knowledge and may be used and copied for non-commercial, individual reference only. The information is not intended to be a comprehensive review of all matters and developments concerning the Company. For current information, refer to the documents filed by the Company with Canadian securities regulatory authorities on the website www.sedarplus.ca.

Please read all sections of this Legal Notice document carefully, as they constitute the terms and conditions of use of the Company’s website. By accessing this website, you acknowledge that you have read this document and that you accept and will be bound by the applicable provisions of it. Do not use this website if you do not agree to such terms of use.

We may amend this Legal Notice from time to time without notice. Accordingly, you should periodically review the then-current Legal Notice to determine whether you wish to continue accessing this website. If you continue to access or use this website after revisions are posted to this Legal Notice, you will be deemed to have accepted those revisions.

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Cautionary Note Regarding Forward-Looking Statements on Website and Social Media Platforms

This website and our posts on social media platforms may contain forward-looking statements within the meaning of applicable securities legislation. Such forward-looking statements involve risks and uncertainties which may cause actual results to differ materially from the statements made.  When used on this website and/or in our posts, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements.  

Forward-looking statements contained in this website and/or on our social media platforms include, without limitation, statements with respect to: (i) the Company’s future business plans and the Company’s expectations with respect to future performance and the achievement of certain milestones; (ii) initial results of the Boardwalk project’s updated Preliminary Economic Assessment (PEA), including expected NPV, IRR and operating expenditures; (iii) the expected reduction in the payback period on the Boardwalk project; (iv) expectations regarding increase lithium recovery and production on the Boardwalk project; (v) expectations regarding a reduction in freshwater usage at the Boardwalk project; (vi) that the carbon footprint of the Boardwalk Project can be reduced through the use of high-efficiency gas turbines with steam cogeneration; (vii) the anticipated near term PEA enhancements for the Boardwalk project; (viii) planned exploration, development and acquisition activities; (ix) expectations regarding the timing of commercial production; (x) planned exploration, development and acquisition activities; (xi) information concerning the Company's properties; (xii) exploration program cost estimates; (xiii) the Company’s intended use of its available funds; (xiv) the Company continuing to de-risk its assets; and (xv) information regarding the Company's key management personnel, advisors and consultants.

These forward-looking statements are based on certain assumptions which the Company believes are reasonable, including that:

  • the Company’s initial results of the Boardwalk project’s updated PEA, including expected NPV and IRR, will prove to be accurate;
  • a reduction in the payback period will be achieved;
  • the Company will achieve increased lithium recovery and production; 
  • that a reduction in freshwater usage will be achieved; 
  • that commercial production will be achievable within 3 years under new permitting directives;
  • that the governmental regulators will be supportive of the Boardwalk project;
  • that the carbon footprint of the Boardwalk project can and will be reduced through the use of high-efficiency gas turbines with steam cogeneration;
  • anticipated cost of planned exploration activities;
  • that the Company’s current exploration activities and other corporate activities will proceed as expected;
  • that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner;
  • that general business and economic conditions will not change in a material adverse manner;
  • the accuracy of budgeted costs and expenditures;
  • future currency exchange rates and interest rates;
  • operating conditions being favourable such that the Company is able to operate in a safe, efficient and effective manner;
  • the Company’s ability to attract and retain skilled personnel;
  • political and regulatory stability;
  • requirements under applicable laws;
  • stability in financial and capital markets; 
  • additional financing required by the Company will be available on reasonable terms; and
  • any proposed business plans and strategies will be viable operationally and economically and proceed as expected. 

Such statements reflect the Company’s current views with respect to future events and are subject to such risks and uncertainties.  Many factors, risks and uncertainties could cause actual results to differ materially from the posts made, including, without limitation: (i) the risk that the Company will have a lack of adequate capital; (ii) the risk that circumstances may arise which require that the Boardwalk Project’s updated PEA be revised; (iii) the risk that permitting directives will not accommodate commercial production in 3 years; (iv) the risk that the anticipated near term PEA enhancements for the Boardwalk project may not materialize; (v) no known mineral reserves or mineral resources have been discovered on the Boardwalk project; (vi) the Company’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (vii) risks associated with political instability and changes to the regulations governing the Company’s business operations; (viii) the Company may be unable to implement its business strategy or achieve its stated milestones within the timeframe expected, or at all; and (ix) those factors, risks and uncertainties discussed in filings made by the Company with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described as intended, planned, anticipated, or expected.  Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, other than as required by applicable laws.  Investors are cautioned not to put undue reliance on such forward-looking statements. Additional risks and uncertainties not currently known to the Company, or that the Company currently deems to be immaterial, may also materially and adversely affect the Company’s business and prospects. Readers of our website and/or social media posts are reminded that the primary source of news dissemination for the Company is via our News Releases which are filed on SEDAR+ and can also be found on our website.

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Links to Other Web Sites

Third party content posted on this website or through social media channels maintained by the Company should not be taken as an endorsement of such information. Links to websites and other resources operated by third parties ("Third Party Information") other than the Company are provided solely as a convenience to the user. We do not control such Third Party Information, and are not responsible and disclaim any liability for the content, products, services or information offered by any third parties. The inclusion of links to such Third Party Information on the page does not imply any endorsement of any content, products or services offered, advertised, endorsed or promoted by any third party, or of any company or person. If readers decide to access any Third Party Information or acquire any third party products or services, they do so entirely at their own risk, and they may be subject to the terms and conditions and the privacy policies imposed by such third parties. Third party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there can be no assurance as to the accuracy or completeness of included information. Although believed to be reliable, the Company has not independently verified any of the data from third party sources.

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No Solicitation

This website, our social media platforms and the information contained herein and therein are not intended to and do not constitute an offer or the solicitation of an offer for the purchase of any securities of the Company or a recommendation to buy or sell any securities in any jurisdiction. We are subject to the securities laws of various jurisdictions. Information disclosed or provided by us pursuant to the securities laws of those jurisdictions is not intended to be in any way qualified, amended, modified or supplemented by the information otherwise available in, through or on this website or any of our social media platforms and neither the information on this website nor on any of our social media platforms should be used to make investment decisions involving any securities of the Company. No securities commission or similar authority in Canada or the United States of America has in any way passed on the merits of any of the information contained on this website or on any of our social media platforms.