20:00:25 EDT Thu 16 Jul 2026
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LithiumBank Resources Corp
Symbol LBNK
Shares Issued 67,992,933
Close 2026-07-16 C$ 0.43
Market Cap C$ 29,236,961
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LithiumBank appoints Harris as VP, project development

2026-07-16 18:09 ET - News Release

Mr. Rob Shewchuk reports

LITHIUMBANK APPOINTS FORMER EXXONMOBIL PROJECT DEVELOPMENT DIRECTOR LOGAN HARRIS AS VP PROJECT DEVELOPMENT

LithiumBank Resources Corp. has appointed Logan R. Harris, PEng, 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's 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 vice-president, 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 co-ordinating 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 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 licences 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.

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