In this paper we study the HOMFLYPT skein module of \(S^1 \times S^2\, \cong \, L(0, 1)\) , denoted \(\mathcal {S}(S^1 \times S^2)\) , using braid-theoretic techniques. We extend the Lambropoulou invariant, X, for links in the solid torus ST to links in \(S^1 \times S^2\) , by solving an infinite system of equations of the form \(X_{\widehat{a}} = X_{\widehat{bbm(a)}}\) , where bbm(a) denotes all possible band moves applied to a, for all a in a basis of \(\mathcal {S}(ST)\) . We show that the free part of \(\mathcal {S}(S^1 \times S^2)\) is generated by the empty link, while all other elements lies in the torsion submodule.