Lithiumbank Announces Agm Results
LITHIUMBANK ANNOUNCES AGM RESULTS
Vancouver, BC. April 30, 2025 – LithiumBank Resources Corp. (TSX-V: LBNK ) ( OTCQX: LBNKF)
(“LithiumBank” or the “Company”) a lithium development company focused on lithium -enriched
brine projects in Western Canada, announces the voting results from its Annual and Special Meeting
of Shareholders (the "Meeting"), held on April 30, 2025.
All resolutions presented to the Shareholders were approved. Each of the resolutions are explained in
detail in the Management Information Circular published in connection with the Meeting . It is
available for reference on the Company's website www.lithiumbank.ca.
A total of 9,827,931 common shares, representing approximately 19.70% of the Company's
outstanding common shares, were voted in person and by proxy at the Meeting. Shareholders voted
in favour of:
• Reappointing Davidson & Company LLP as auditors of the Company;
• Setting the number of directors at five, with the following five nominees elected as directors:
Robert Shewchuk, Steven Piepgrass, Christopher Murray, Ekaterina Zotova and Paul Matysek;
and
• Approving the Re-Pricing of Previously Granted Stock Options.
"On behalf of the board, I would like to thank shareholders for their participation and continuing
support” commented Rob Shewchuk, CEO, LithiumBank.
About LithiumBank Resources Corp.
LithiumBank Resources Corp., is a publicly traded lithium company that is focused on advancing its
two flagship projects, Boardwalk and Park Place, in Western Canada. The Company holds 1,855,915
acres of brown-field lithium brine licenses, across three (3) districts in Alberta and Saskatchewan. The
Company has pilot tested multiple mature Direct Lithium Extraction ("DLE") technologies and is
working toward establishing commercial lithium production by a modular approach.
Contact:
Rob Shewchuk
CEO & Director
(778) 987-9767
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Statement Regarding Forward Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian
securities legislation. “Forward-looking information” includes, but is not limited to, statements with
respect to the activities, events or developments that the Company expects or anticipates will or may
occur in the future, including the Company advancing its portfolio of brine projects; the funding of the
Company’s work streams; update and upgrade of the current Mineral Resource Estimate at Boardwalk;
an initial mineral resource estimate for Park Place and the timing thereof; plans to execute additional
sampling campaigns in 2025.
Generally, but not always, forward-looking information and statements can be identified by the use of
words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words
and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will
be taken”, “occur” or “be achieved” or the negative connation thereof.
Although the assumptions made by the Company in providing forward-looking information or making
forward-looking statements are considered reasonable by management at the time, there can be no
assurance that such assumptions will prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements. Important factors that could cause actual
results to differ materially from the Company’s plans or expectations include, without limitation, the
risk that the Company will not be able to achieve its stated goals; the potential for delays in exploration,
development, permitting, and assembly activities at the Company’s projects and DLE pilot plant; the
Company not being able to advance its portfolio of brine projects; delays in the commissioning of the
pilot plant; the Company not being able to fund its work streams; the Company not being able to run
DLE pilot plant campaigns as planned, or at all; the DLE pilot plant not being permitted by the City of
Calgary when expected, or at all; the results of future pilot test work not meeting the Company’s
expectations; the Company not being able to extend the well at Boardwalk; the Company not being able
to obtain reservoir and brine chemistry data from Boardwalk; the Company not being able to deliver
an initial mineral resource estimate for Park Place when planned, or at all; that the brine from the
Company’s two Alberta projects not being compatible with the exclusive G2L DLE technology; the
cyclical nature of the industry in which the Company operates; risks related to global financial markets,
including the trading price of the Company’s shares and the Company’s ability to raise capital may
also result in additional and unknown risks or liabilities to the Company.
Although the Company has attempted to identify important factors that could cause actual results to
differ materially from those contained in the forward-looking information or implied by forward-
looking information, there may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking information and statements will prove to be
accurate, as actual results and future events could differ materially from those anticipated, estimated
or intended. Accordingly, readers should not place undue reliance on forward-looking statements or
information.