TSX Shariah screener · October 2026
Is LithiumBank Resources Corp. (LBNK) Halal?
LithiumBank Resources Corp. · TSXV: LBNK · Materials
The short answer
LithiumBank Resources Corp. (TSXV: LBNK) is a FAIL in our October 2026 screen. The business gate passes (lithium brine exploration in Alberta and Saskatchewan; Boardwalk and Park Place projects). The debt gate passes: interest-bearing debt is C$0 at September 30, 2025 (the prior year's C$246,683 lease liability was fully repaid) — 0.0% of the ~C$36.7M market cap (67,993,000 shares at C$0.54, the September 30, 2026 close). But the income gate fails: interest income of C$82,833 in the nine months ended June 30, 2025 is ~30.6% of total income (~C$270,699), far over the 5% ceiling. The company has no revenue.
Gate 1 — Business activity: PASS
LithiumBank Resources is an exploration-stage company developing lithium brine projects in Alberta and Saskatchewan — the Boardwalk project (395,369 acres of brine-hosted mineral licenses in west-central Alberta) and the Park Place project, ~1.86M acres total across three districts. Lithium mining exploration is a permissible business; no alcohol, pork, gambling, conventional finance, tobacco, cannabis or weapons-manufacturing lines. Gate 1 passes. Facts only.
Gate 2 — Debt and cash: PASS
At September 30, 2025 the company reported no borrowings: the C$246,683 lease liability from the prior year was fully repaid during FY2025 — 0.0% of the ~C$36.7M market cap (67,993,000 shares at C$0.54, the September 30, 2026 close). Gate 2 passes. Facts only.
Gate 3 — Non-compliant income: FAIL
In the nine months ended June 30, 2025 the company reported interest income of C$82,833 against total income of ~C$270,699 (interest plus an ROU-asset impairment reversal, finance income, FX gains and tax recoveries) — about 30.6%, far over the 5% ceiling. The company has no revenue. Gate 3 fails. Facts only.
Key figures used
- Interest-bearing debt C$0 at Sep 30, 2025 (lease liability C$246,683 repaid in FY2025) → 0.0% of ~C$36.7M market cap.
- 67,993,000 shares outstanding; Sep 30, 2026 close C$0.54.
- Interest income C$82,833 (9M ended Jun 30, 2025) = ~30.6% of total income ~C$270,699.
- 9M ended Jun 30, 2025: net loss C$8.6M; cash C$4.1M; no revenue.
- Lithium brine projects: Boardwalk (395,369 acres) + Park Place; ~1.86M acres total; listed TSX-V.
- No Zoya, Musaffa or ShariaPortfolio rating found for LBNK.
Frequently asked questions
Is LithiumBank Resources (LBNK) halal?
Our October 2026 screen gives LithiumBank Resources (LBNK) a FAIL. Gates 1 and 2 pass - the business is lithium brine exploration in Alberta and Saskatchewan (permissible), and interest-bearing debt is C$0 (the lease liability was repaid during FY2025) - 0.0% of the ~C$36.7M market cap. But gate 3 fails: in the nine months ended June 30, 2025, interest income of C$82,833 was about 30.6% of total income (~C$270,699), far over the 5% ceiling. No Musaffa/Zoya/ShariaPortfolio rating was found.
Why did LithiumBank Resources pass the debt gate?
At September 30, 2025 the company reported no borrowings: the C$246,683 lease liability from the prior year was fully repaid during FY2025. Interest-bearing debt is C$0 - 0.0% of the ~C$36.7M market cap (67,993,000 shares at C$0.54, the September 30, 2026 close). Gate 2 passes.
What does LithiumBank Resources do?
LithiumBank Resources is an exploration-stage company developing lithium brine projects in Alberta and Saskatchewan, including the Boardwalk project (395,369 acres of brine-hosted mineral licenses in west-central Alberta) and the Park Place project. Lithium mining exploration is a permissible business; the company has no revenue.
Does LithiumBank Resources earn interest income?
In the nine months ended June 30, 2025, LithiumBank reported interest income of C$82,833 against total income of ~C$270,699 (interest plus an ROU-asset impairment reversal, finance income, FX gains and tax recoveries) - about 30.6%, far over the 5% ceiling. Gate 3 fails. The company has no revenue.
Where can I find more lithium stock screeners?
See our full list of stock screeners at halal-stock-verdicts.html, which covers every company screened so far.
Sources
- LithiumBank 9M interim FS ended Jun 30, 2025 (interest income C$82,833; other income breakdown; lease liability repaid)
- LBNK FY2025 reported financials (Kalkine: interest income C$0.106M FY2025; debt C$0)
- LBNK Sep 30, 2026 close C$0.54 (Stockwatch)
Screened 2026-10-01 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.