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LITHIUM CORP - LTUM STOCK NEWS

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Lithium Corporation (LTUM) is a North American mineral exploration company that focuses on energy metals for the growing energy storage sector and high-tech industries. Operating in Nevada, USA, and British Columbia, Canada, the company is dedicated to lithium, graphite, titanium, rare earth elements, and fluorspar exploration. With a strategic alliance with Morella Corporation, LTUM aims to secure a dynamic portfolio and attract potential partners to drive exploration activities. The recent addition of the Las Pilas claim block in British Columbia showcases the company's commitment to expanding its mineral portfolio. Recognized as a Project Generator, Lithium Corporation leverages its exploration expertise to identify promising mineral properties and advance them towards production, contributing to a sustainable future through renewable energy.

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Lithium (OTCQB: LTUM) has expanded its critical minerals portfolio by staking new antimony claims in southeastern British Columbia, Canada. This strategic move comes as China announces export bans on antimony to the United States amid rising geopolitical tensions. Antimony prices surged 212% year-to-date by mid-November 2024, driven by growing demand and supply chain disruptions.

The US currently relies on imports for over 80% of its antimony needs, with China controlling nearly half of global production and three-quarters of refining capacity. This marks LTUM's second portfolio expansion in 2024, following the Las Pilas fluorspar claim addition in April. The company's portfolio now includes lithium, graphite, titanium/rare earth elements, fluorspar, and antimony prospects.

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Lithium (OTCQB:LTUM) congratulates board member James Brown on his role in the $623 million merger between Sayona Mining and Piedmont Lithium, which will create North America's largest hard-rock lithium producer. Brown, who serves as former CEO and current Executive Director of Sayona Mining, also holds positions as Managing Director of Morella Corp, LTUM's largest shareholder and Optionee on two of its Nevada lithium prospects. CEO Tom Lewis emphasized Brown's valuable experience and dealmaking abilities in supporting LTUM's mission to secure critical metals independence for North America.

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Lithium (OTCQB:LTUM) announced its strategic expansion beyond mineral exploration into renewable energy generation and energy storage. The company, which currently holds lithium prospects in Nevada and titanium, rare earth elements, graphite, and fluorspar properties in Canada, is exploring innovative applications like Agrisolar and Vertically Mounted Bifacial Photovoltaic (VBPV) solar panels. The latter has shown a 10% increase in Average Daily Power Output compared to traditional panels. LTUM's preliminary renewable energy assessment focuses on solar technology evaluation and potential stakeholder collaboration.

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Lithium (OTCQB: LTUM) has provided an update on its Las Pilas fluorspar exploration project. Key highlights include:

1. The property has expanded to over 11,000 acres of prospective mining lands.
2. Ongoing geochemical work, including an historic database, is expediting exploration progress.
3. Stream sediment data indicates potential for Fluoride mineralization with Nickel/Chromium and Rare Earth Elements.
4. The company is optimistic about results and plans to complete exploration before winter.
5. Fluorspar is classified as a critical mineral for electrification and low-carbon future.
6. Fluorinated compounds improve thermal stability and performance in lithium-ion batteries.
7. Fluorspar demand from the battery sector is expected to exceed 1.6 million tonnes by 2030.

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Lithium (OTCQB: LTUM) provides an update on its exploration activities, including the newly staked Las Pilas claim block in British Columbia, prospective for fluorspar mineralization. The claim, expanded twice since April 2024, now totals approximately 11,068 acres. Geochemical and geological work is ongoing, with initial sampling completed. Fluorspar is a critical mineral vital for clean energy technologies.

Additionally, generative exploration for copper and rare earth elements is underway in the western United States. Several prospective sites have been evaluated recently. At the Fish Lake Valley brine project in Nevada, Optionee Morella completed a study using high-resolution magnetic, radiometric, and LIDAR data, revealing similarities to Albemarle's Silver Peak lithium mine. Morella Corp. is transitioning leadership, allowing more focus on advancing Lithium Corp.'s prospects.

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Lithium (OTCQB: LTUM) has provided an update on its exploration activities. The company recently added 3,957 acres to its Las Pilas claim block in southern British Columbia, bringing the total to approximately 8,775 acres. Geochemical analysis indicates potential fluorspar mineralization, a critical component for lithium-ion batteries. The company plans to intensify exploration efforts in the coming months. Leveraging AI and advanced analytical tools, Lithium continues its systematic work on critical minerals, primarily focused in Nevada's Great Basin.

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Lithium (LTUM) expands its portfolio by acquiring the Las Pilas claim block in British Columbia, Canada, with high potential for fluorspar mineralization. The property is strategically located near a past producing mine, indicating promising geological similarities and significant mineralization potential.
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Lithium Corporation (LTUM) appoints Ken Tullar as Exploration Manager to enhance geological expertise. The company aims to expand its lithium and energy metals portfolio with his 35 years of experience. President Tom Lewis to discuss exploration initiatives at PDAC Annual Convention.
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Lithium Corporation (LTUM) announces positive results from a 2023 high resolution 2D seismic reflection survey at the Fish Lake Valley (FLV) prospect, conducted by optionee Morella Corp. The survey revealed strong reflective signals from geological layers down to 3 kilometers of depth, leading to the identification of high priority brine targets for drill testing. The geological setting at Fish Lake Valley is highly analogous to the salars of Chile, Bolivia, and Peru, and more importantly to the nearby Clayton Valley, where Albemarle operates its long running Silver Peak lithium-brine production facility.
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Lithium Corporation's contractor Layne Drilling has begun core drilling at Fish Lake Valley prospect in Nevada, benefiting from the timing due to damage caused by Hurricane Hilary. Two Phase One core holes will be drilled to a depth of 1200' (366 meters).
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FAQ

What is the current stock price of LITHIUM (LTUM)?

The current stock price of LITHIUM (LTUM) is $0.0396 as of December 23, 2024.

What is the market cap of LITHIUM (LTUM)?

The market cap of LITHIUM (LTUM) is approximately 5.1M.

What is Lithium Corporation (LTUM) focused on?

LTUM focuses on energy metals for the growing energy storage sector and high-tech industries.

Where does Lithium Corporation operate?

Lithium Corporation operates in Nevada, USA, and British Columbia, Canada.

What is the strategic alliance of Lithium Corporation with Morella Corporation?

Lithium Corporation has a strategic alliance with Morella Corporation, its single largest shareholder, to drive exploration activities and maintain a dynamic mineral portfolio.

What is the significance of the Las Pilas claim block acquired by Lithium Corporation?

The Las Pilas claim block in British Columbia showcases the company's expansion of its mineral portfolio. It is prospective for hosting fluorspar mineralization.

How does Lithium Corporation contribute to a sustainable future?

Lithium Corporation leverages its exploration expertise to secure promising mineral properties and advance them towards production, contributing to a sustainable future through renewable energy.

LITHIUM CORP

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5.07M
102.90M
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