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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.
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.
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.
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.
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.
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.
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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