Lithium Corp Stock Price, News & Analysis

Lithium Corporation (OTCQB:LTUM) announced a significant expansion of its BC Sugar flake graphite claim block in British Columbia, increasing it to approximately 1321 acres. With a predicted 35% rise in demand for flake graphite from the EV battery sector in 2022, the company looks to recommence work on this prospect in late Spring 2022. Previous exploration revealed promising mineralization, with grades of 2.73% graphitic carbon. The resurgence of the graphite market has prompted this strategic move after a previous contraction due to market weaknesses.

Surge Battery Metals has announced an option agreement with Lithium Corporation to acquire an 80% interest in the San Emidio Desert Lithium Project in Nevada. This project spans 2800 acres and includes 35 mineral claims. The agreement, dated September 16, 2021, involves cash payments totaling $50,000 upon signing and further payments and share issuances over the next five years, including a commitment of $1,000,000 for exploration. The property is noted for its potential lithium brine and clay deposits, which are attracting significant interest as exploration progresses.

Lithium Corporation (OTCQB:LTUM) has begun fieldwork on its Yeehaw prospect in British Columbia, focused on energy metals. This follows previous discoveries of Titanium and Rare Earth Elements in 2017, with current efforts aimed at expanding the mineralized structure's strike length. The Horseshoe Bend showing exhibits approximately 0.90% titanium and is rich in both light and heavy rare earth elements. The company is also pursuing further geological and geochemical work, pending permit approvals.

Lithium Corporation (OTCQB:LTUM) has expanded its land holdings at Fish Lake Valley, increasing from 1,440 acres to 6,873 acres. This expansion targets areas identified for potential lithium brine resources. The company is in an agreement with Altura Mining Limited (ASX:AJM), allowing Altura to earn a 60% interest through $2 million of exploration work and staged payments totaling $975,000. The due diligence period for this agreement has been extended to August 31 due to Australian reporting requirements, with work on the formal agreement ongoing.

Lithium Corporation (OTCQB:LTUM) provided an update on its activities regarding the Altura Mining Limited joint venture for a 60% interest in the Fish Lake Valley lithium project in Nevada. Altura will conduct $2 million in exploration work and invest $575,000 alongside $400,000 in shares over four years. The Hughes Tonopah option with Summa Silver Corporation is progressing with ongoing drilling. However, delays are anticipated for the Yeehaw Titanium property due to COVID-19 travel restrictions. Lithium Corporation also acknowledges its purchase of an electric Ford F-150 Lightning as part of a forward-looking strategy.

Lithium Corporation (OTCQB:LTUM) has signed a Letter of Intent (LOI) with Altura Mining Limited for a Joint Venture earn-in of a 60% interest in the Fish Lake Valley lithium-in-brine prospect in Nevada. As part of the agreement, Altura will pay LTUM $50,000 within five days, followed by additional payments and stock issuances over the next four years, culminating in a total investment of $2.5 million. The collaboration is expected to advance lithium exploration and development in the region, enhancing LTUM's position in the energy storage market.

Lithium Corporation (LTUM) has updated its progress in precious metals exploration, particularly focusing on its 25% interest in Summa, LLC. The Klondyke property shows potential for economic Silver and Gold mineralization, being centrally located between significant past producing mining camps. Additionally, the Company is advancing the Tonopah Belmont Tailings project to meet NI 43-101 standards, with recent drilling results indicating promise. Despite a recent sector downturn, Lithium Corporation believes a Bull Market for energy metals is emerging and aims to capitalize on this trend.