LithiumBank Names Ex-ExxonMobil Executive Logan Harris as VP of Project Development to Drive Boardwalk Lithium Project

Enhancing LithiumBank's Technical Leadership with Executive Hire

LithiumBank’s recruitment of Logan Harris underscores a strategic intent to strengthen its technical and project development capabilities as it moves toward commercial operations. Harris previously led multidisciplinary teams at ExxonMobil Low Carbon Solutions, focusing on project economics, development strategy, commercial evaluation, and investment decision support. His extensive experience in developing business cases for large-scale lithium projects equips him to steer LithiumBank through critical project phases.

The company highlighted that Harris’s blend of engineering, commercial, and strategic planning expertise will improve development decision-making, support feasibility progress, and position LithiumBank’s lithium assets for sustainable value creation. His appointment signals the company’s transition from resource delineation to project execution and commercialization of its Boardwalk Lithium Brine Project.

Logan Harris’s Professional Experience and ExxonMobil Tenure

With over 15 years in subsurface engineering, drilling, completions, technology development, and project development, Harris specializes in optimizing economics for major capital projects. He has guided significant resource development opportunities from technical evaluation through investment decisions, integrating engineering, economic, and commercial factors to advance projects.

At ExxonMobil Low Carbon Solutions, Harris led deep-brine direct lithium extraction (DLE) project development, managing teams that assessed technical and commercial viability of large-scale lithium extraction projects. His disciplined project development approach and "owner's perspective" on capital-intensive resource projects were noted by LithiumBank CEO Rob Shewchuk as vital to the company’s growth strategy.

Driving Progress on the Boardwalk Lithium Brine Project

As VP of Project Development, Harris will spearhead LithiumBank’s development portfolio with an initial focus on the Boardwalk Lithium Brine Project in west-central Alberta. He will oversee project evaluation, development strategy, engineering integration, and economic optimization, while coordinating technical, commercial, and regulatory efforts to support upcoming investment decisions. His leadership aims to advance Boardwalk toward commercial production and evaluate growth opportunities across LithiumBank’s wider asset base.

LithiumBank is currently advancing engineering studies, hydrogeological testing, and permitting at Boardwalk. The company collaborates with SLB (Schlumberger) to evaluate commercial-scale production using direct lithium extraction technology under a signed development agreement. Harris’s appointment strengthens LithiumBank’s leadership as it progresses through feasibility studies, FEED, and permitting stages.

Strategic Collaboration with SLB and Technology Advancement

Harris joins LithiumBank amid an evolving partnership with SLB, governed by a development agreement that includes binding licensing terms for direct lithium extraction technology. This collaboration aims to deliver an energy-efficient, cost-effective, and commercially viable lithium brine solution. Harris expressed enthusiasm about working with LithiumBank and SLB teams to enhance project economics, mitigate execution risks, and create a financeable path to commercialization.

LithiumBank has pilot tested several mature DLE technologies and holds 1,240,140 acres of brownfield brine-hosted mineral licenses across Alberta and Saskatchewan. The company is targeting commercial lithium production by leveraging existing brownfield infrastructure and modular scaling. Harris’s expertise in evaluating major development projects and optimizing economics is pivotal to this transition.

Boardwalk and Park Place Projects: LithiumBank’s Core Assets in Western Canada

LithiumBank is advancing two primary projects—Boardwalk and Park Place—both situated in Western Canada and hosting some of North America’s largest lithium brine resources. Boardwalk remains the focal point of development, with ongoing engineering, hydrogeological, and permitting activities.

CEO Rob Shewchuk emphasized that Harris’s arrival coincides with a critical phase as the company moves from resource delineation to project execution and commercialization. Shewchuk highlighted Harris’s proven ability to evaluate major development opportunities, advance capital-intensive projects, and optimize economics as essential for progressing Boardwalk through feasibility, engineering, and permitting. Harris’s owner’s perspective and disciplined approach are expected to unlock the full potential of LithiumBank’s assets.

Investor Outlook and Project Development Timeline

This executive appointment signals LithiumBank’s confidence in advancing toward commercial lithium production. Harris’s experience leading large capital projects and supporting investment decisions indicates preparedness for financing discussions and development milestones. Investors will likely monitor how his leadership influences feasibility progress and engineering advancements in upcoming months.

Current activities at Boardwalk include engineering studies, hydrogeological testing, and permitting, progressing toward feasibility while collaborating with SLB on commercial-scale DLE production evaluation. Although specific timelines for FEED and permitting milestones were not disclosed, Harris’s role will be critical in coordinating these efforts and facilitating investment decisions and capital deployment.

LithiumBank’s Strategic Position in the North American Lithium Market

LithiumBank is positioned as a North American lithium brine developer operating in established energy basins with infrastructure advantages. Its focus on direct lithium extraction technology and partnership with SLB align with industry trends favoring lower-cost, environmentally friendly lithium production methods over traditional evaporation ponds.

Harris’s appointment highlights the importance of experienced technical leadership in the competitive lithium sector. Bringing in a seasoned project development executive with major oil and gas expertise signals LithiumBank’s readiness to manage the operational and financial complexities of large-scale lithium production. His role in enhancing project economics and reducing execution risk will be closely watched by investors seeking clarity on Boardwalk’s commercialization path.

Forward-Looking Statements and Risk Considerations

The company’s announcement contains forward-looking statements about Harris’s expected contributions, Boardwalk’s advancement through feasibility, FEED, and permitting, and plans to explore growth across its asset base. These statements rely on assumptions including Harris fulfilling his role, availability of personnel and expertise, and engineering activities proceeding as planned.

Risks highlighted include challenges in attracting or retaining qualified staff; potential delays or cost overruns in engineering, hydrogeological, FEED, or permitting processes; and possible failure to secure necessary third-party or regulatory approvals. Additional risks involve commodity price and currency fluctuations, lithium industry cyclicality, global financial market volatility, and the company’s capital-raising capabilities.