LithiumBank Appoints Former ExxonMobil Project Development Director Logan Harris as VP Project Development
LithiumBank Appoints Former ExxonMobil
Project Development Director Logan Harris as
VP Project Development
Calgary, Alberta--(Newsfile Corp. - July 16, 2026) -
LithiumBank Resources Corp. (TSXV:
LBNK)
(OTCQX: LBNKF) (FSE: HT9)
("
LithiumBank
" or the "
Company
") is pleased to announce the
appointment of Logan R. Harris, P.Eng., as Vice President, Project Development.
Mr. Harris joins LithiumBank from ExxonMobil Low Carbon Solutions, where he led deep-brine direct
lithium extraction (DLE) project development. In this capacity, he led multidisciplinary teams responsible
for project economics, development strategy, commercial evaluation and investment decision support.
He built the development and business case for large-scale lithium projects. Mr. Harris brings more than
15 years of experience across subsurface engineering, drilling and completions, technology
development and project development, with a focus on economic optimization of major capital projects.
Throughout his career, Mr. Harris has guided major resource development opportunities from technical
evaluation through investment decision processes, integrating engineering, economic and commercial
considerations to support project advancement.
Mr. Harris' appointment reflects LithiumBank's continued focus on strengthening its technical and project
development capabilities as the Company advances toward the next stage of project execution. His
combination of engineering, commercial and strategic planning experience is expected to enhance
development decision-making, support feasibility advancement and help position the Company's lithium
assets for long-term value creation.
"Logan joins LithiumBank at a pivotal point as we transition from resource delineation toward project
execution and commercialization. His extensive experience in evaluating major development
opportunities, advancing capital-intensive resource projects and optimizing project economics will be
instrumental as we progress Boardwalk through feasibility, engineering and permitting stages.
Importantly, Logan also brings an owner's perspective and a track record of disciplined project
development, which we expect will assist in unlocking the full potential of our assets," commented Rob
Shewchuk, Chief Executive Officer and Director of LithiumBank.
"LithiumBank holds significant lithium brine resources in North America, and at Boardwalk that resource
is paired with a signed development agreement with SLB and existing infrastructure in an established
energy basin," commented Mr. Harris. "I look forward to working with the team and SLB to strengthen the
project economics, reduce execution risk and build a financeable path toward commercialization."
As VP Project Development, Mr. Harris will lead the advancement of LithiumBank's development
portfolio with an initial focus on the Boardwalk Lithium Brine Project. He will oversee project evaluation,
development strategy, engineering integration and economic optimization while coordinating technical,
commercial and regulatory workstreams to support future investment decisions. His leadership will be
focused on advancing Boardwalk toward commercial production while assessing growth opportunities
across the Company's broader asset base. His appointment fortifies LithiumBank's development
leadership as the Company progresses its flagship Boardwalk Lithium Brine Project through feasibility
studies, front-end engineering and design ("FEED"), and permitting activities.
LithiumBank is advancing engineering studies, hydrogeological testing and permitting activities at its
Boardwalk Lithium Brine Project in west-central Alberta. The Company is progressing the project toward
feasibility while working with SLB to assess commercial-scale production utilizing direct lithium
extraction technology.
About LithiumBank Resources Corp.
LithiumBank Resources Corp. (TSXV: LBNK) (OTCQX: LBNKF) is a publicly traded lithium company
that is focused on developing its two flagship projects, Boardwalk and Park Place, in Western Canada.
These projects host some of the largest lithium brine resources in North America. The Company holds
1,240,140 acres of brown-field brine hosted mineral licenses across three districts in Alberta and
Saskatchewan. The Company has pilot tested multiple mature Direct Lithium Extraction ("DLE")
technologies and has signed a Development Agreement with SLB to bring the Boardwalk project into
production. This agreement includes binding DLE licensing terms with SLB to provide an energy
efficient, cost-effective and commercially viable end-to-end lithium brine solution. The Company is now
working toward establishing commercial lithium production by leveraging existing brownfield
infrastructure and a modular scale-up 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 release includes certain statements and information that may constitute forward-looking
information within the meaning of applicable Canadian securities laws. All statements in this news
release, other than statements of historical fact, including statements regarding future estimates,
plans, objectives, timing, assumptions or expectations of future performance, including without
limitation, statements regarding Mr. Harris's anticipated roles, responsibilities and contributions as
Vice President, Project Development; the Company's plans to advance its Boardwalk Lithium Brine
Project through feasibility studies, FEED and permitting activities; the Company's ongoing
engineering studies, hydrogeological testing and permitting activities, and the Company's plans to
assess growth opportunities across its broader asset base, are forward-looking statements and contain
forward-looking information. Generally, forward-looking statements and information can be identified
by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such
words and phrases or statements that certain actions, events or results "may", "could", "should" or
"would" or occur.
Forward-looking statements are based on certain material assumptions and analysis made by the
Company and the opinions and estimates of management as of the date of this press release,
including that Mr. Harris will fulfil his anticipated role and responsibilities as Vice President, Project
Development; that the Company will continue to have access to the personnel, technical expertise
and strategic partners needed to advance the Boardwalk Lithium Brine Project; that engineering
studies, hydrogeological testing, FEED and permitting activities for the Boardwalk Lithium Brine
Project will proceed substantially as currently planned; and that the Company will receive any
necessary third party and regulatory approvals in connection with the development of the Boardwalk
Lithium Brine Project.
These forward-looking statements are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or achievements of the
Company to be materially different from those expressed or implied by such forward-looking
statements or forward-looking information. Important risks that may cause actual results to vary,
include, without limitation: the risk that the Company is unable to attract or retain qualified personnel,
including Mr. Harris, or that his anticipated contributions are not realized; the risk that engineering,
hydrogeological, FEED or permitting activities for the Boardwalk Lithium Brine Project take longer or
cost more than anticipated, or are not completed at all; the risk that the Company does not obtain
necessary third party and regulatory approvals; the possibility that future developments are not
consistent with the Company's expectations; risks related to commodity price and foreign exchange
rate fluctuations; the cyclical nature of the industry in which the Company operates; and risks related
to global financial markets, including the trading price of the Company's shares and the Company's
ability to raise capital which may also result in additional and unknown risks or liabilities to the
Company.
Although management of the Company has attempted to identify important factors that could cause
actual results to differ materially from those contained in forward-looking statements or 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 such statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements and forward-looking
information. Readers are cautioned that reliance on such information may not be appropriate for other
purposes. The Company does not undertake to update any forward-looking statement, forward-looking
information or financial outlook incorporated by reference herein, except in accordance with
applicable securities laws.
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https://www.newsfilecorp.com/release/305431