Welcome to our dedicated page for Lithium news (Ticker: LTUM), a resource for investors and traders seeking the latest updates and insights on Lithium stock.
Lithium Corporation (OTCQB: LTUM) is a mineral exploration company focused on critical minerals that support clean energy, electrification, and North American energy independence. News about LTUM frequently centers on its lithium prospects in Nevada, USA, and its titanium, rare earth elements, graphite, fluorspar, and antimony properties in British Columbia, Canada.
Investors following Lithium Corporation news can expect updates on field work, geological mapping, sampling programs, and portfolio changes across its critical minerals projects. Recent announcements have covered discoveries of enriched Neodymium and Dysprosium rare earth mineralization at its Fluorspar exploration property and the Las Pilas prospect in southern British Columbia, as well as claim realignments and applications to expand claim blocks over geologically analogous areas.
News releases also describe corporate and transactional developments, such as the restructuring of lithium project interests in Nevada through a binding agreement with Morella Corporation, and an option agreement granting Ridgestone Mining Inc. the right to earn a 100% interest in the Las Pilas prospect while Lithium Corporation retains a royalty interest. These items illustrate how the company applies its Project Generator model and manages partnerships in the critical minerals sector.
Beyond minerals, Lithium Corporation has reported that it is evaluating opportunities in renewable energy generation and energy storage, including concepts such as Agrisolar and Vertically Mounted Bifacial Photovoltaic solar panels. Company communications also address its strategic positioning, corporate identity, and its stated commitment to advancing clean energy solutions and a low-carbon future. This news page aggregates such updates so readers can track how the LTUM project portfolio and strategic focus evolve over time.
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Lithium Corporation (OTCQB:LTUM) announced a formal agreement with Morella Corporation for the exploration and development of the North Big Smoky lithium-in-brine prospect in Nye County, Nevada. Morella can earn a 60% interest by investing at least $1,000,000 over four years. The funding schedule includes $100,000 in Year 1, increasing to $400,000 in Year 4. Morella also has options to purchase additional interests and a 2.5% Net Smelter Royalty will apply upon full acquisition. The agreement enhances LTUM's position in the energy storage sector.
Lithium Corporation (OTCQB:LTUM) has announced progress in its ongoing exploration efforts in the energy metals sector. The contracted geophysical team completed Phase II of a magnetotelluric survey at Fish Lake Valley, with results pending interpretation. The company is utilizing a Laser Induced Breakdown Spectrometer for instant lithium analysis, enhancing exploration flexibility. Additionally, work has resumed on the Yeehaw Titanium/Rare Earth project in British Columbia, aimed at confirming the presence of mineralized dykes. Morella Corporation remains a key strategic partner.
Lithium Corporation (OTCQB:LTUM) announced the initiation of Direct Lithium Extraction (DLE) process development work by Morella Corp. on brine from its Fish Lake Valley lithium prospect in Nevada. This project aims to assess lithium extraction using Recion Technologies' methods, with an encouraging initial recovery rate of up to 96%. Completion of the benchtop study is expected in 10-12 weeks, followed by field tests and a pilot plant stage to enhance lithium production capabilities.
Lithium Corporation (OTCQB:LTUM) has staked approximately 3,400 acres in Nevada and signed a Letter of Intent (LOI) with Morella Corporation for an earn-in agreement on the property. Morella can earn a 60% interest by paying $50,000 upon signing and issuing $100,000 in shares annually for four years, alongside increasing exploration expenditures totaling $1.1 million. Should Morella acquire a 100% interest, Lithium Corporation would receive a 2.5% Net Smelter Royalty. The Company, focused on energy storage resources, maintains strong ties with Morella, its largest shareholder.
Lithium Corporation (LTUM) continues to expand its Fish Lake Valley claim block, now approximately 11,020 acres, enhancing its exploration for lithium-rich brine deposits. A recent magnetotelluric survey identified three new drill targets in the southern section, suggesting significant brine mineralization potential. Morella Corporation, the project's optionee, plans to initiate drilling in the second half of 2022. This strategic advancement may bolster the company's position in the energy storage market.
Lithium Corporation (OTCQB:LTUM) clarified that it has received no interest from Tesla amid circulating rumors. The company emphasized that no employees have transitioned to Tesla, and they are open to communication but have no current relationship. Lithium Corporation focuses on energy metal exploration in North America and maintains a strategic alliance with Morella Corporation. Recently, a formal agreement was established regarding an earn-in on the Fish Lake Valley lithium prospect in Nevada.
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.
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