Lithium Corporation Adds New Antimony Claims Amid Rising Prices and China's Export Restrictions
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) ha ampliato il proprio portafoglio di minerali critici registrando nuovi diritti su antimonio nel sud-est della Columbia Britannica, Canada. Questa mossa strategica arriva mentre la Cina annuncia divieti all'esportazione di antimonio verso gli Stati Uniti in mezzo a crescenti tensioni geopolitiche. I prezzi dell'antimonio sono aumentati del 212% dall'inizio dell'anno a metà novembre 2024, spinti dalla crescente domanda e dalle interruzioni della catena di approvvigionamento.
Gli Stati Uniti attualmente dipendono dalle importazioni per oltre l'80% delle proprie esigenze di antimonio, con la Cina che controlla quasi la metà della produzione globale e tre quarti della capacità di raffinazione. Questo segna la seconda espansione del portafoglio di LTUM nel 2024, dopo l'aggiunta del diritto su fluorspar di Las Pilas in aprile. Il portafoglio della società ora include litio, grafite, elementi in titanio/terre rare, fluorspar e prospettive di antimonio.
Lithium (OTCQB: LTUM) ha ampliado su cartera de minerales críticos al registrar nuevos derechos sobre antimonio en el sureste de Columbia Británica, Canadá. Este movimiento estratégico se produce mientras China anuncia prohibiciones de exportación de antimonio a Estados Unidos en medio de crecientes tensiones geopolíticas. Los precios del antimonio han aumentado un 212% desde principios de año a mediados de noviembre de 2024, impulsados por la creciente demanda y las interrupciones en la cadena de suministro.
Estados Unidos depende actualmente de importaciones para más del 80% de sus necesidades de antimonio, con China controlando casi la mitad de la producción mundial y tres cuartos de la capacidad de refinación. Esta es la segunda expansión de la cartera de LTUM en 2024, tras la adición en abril del derecho sobre el fluorspar de Las Pilas. La cartera de la empresa ahora incluye litio, grafito, elementos en titanio/tierra rara, fluorspar y prospectos de antimonio.
리튬 (OTCQB: LTUM)은 캐나다 브리티시컬럼비아 남동부에 있는 새로운 안티모니 탐사권을 등록하여 중요한 광물 포트폴리오를 확장했습니다. 이 전략적인 움직임은 중국이 지정학적 긴장이 고조됨에 따라 미국에 대한 안티모니 수출 금지를 발표하는 가운데 발생했습니다. 안티모니 가격은 2024년 11월 중순까지 연초 대비 212% 급등했습니다, 이는 증가하는 수요와 공급망 중단에 의해 촉진되었습니다.
현재 미국은 안티모니 필요량의 80% 이상을 수입에 의존하고 있으며, 중국은 전 세계 생산의 거의 절반과 정제 용량의 75%를 차지하고 있습니다. 이는 2024년 LTUM의 두 번째 포트폴리오 확장을 의미하며, 4월에는 Las Pilas 플루오르스파 탐사권을 추가했습니다. 이제 회사의 포트폴리오에는 리튬, 흑연, 타이타늄/희토류 요소, 플루오르스파 및 안티모니 전망이 포함됩니다.
Lithium (OTCQB: LTUM) a élargi son portefeuille de minéraux critiques en enregistrant de nouvelles revendications de stibine dans le sud-est de la Colombie-Britannique, au Canada. Ce mouvement stratégique intervient alors que la Chine annonce des interdictions d'exportation de stibine vers les États-Unis en raison des tensions géopolitiques croissantes. Les prix de la stibine ont augmenté de 212% depuis le début de l'année à la mi-novembre 2024, sous l'effet d'une demande croissante et de perturbations de la chaîne d'approvisionnement.
Les États-Unis dépendent actuellement des importations pour plus de 80% de leurs besoins en stibine, la Chine contrôlant près de la moitié de la production mondiale et les trois quarts de la capacité de raffinage. Cela marque la deuxième expansion du portefeuille de LTUM en 2024, après l'ajout de la revendication de fluorspar Las Pilas en avril. Le portefeuille de l'entreprise comprend désormais du lithium, du graphite, des éléments en titane/terres rares, du fluorspar et des perspectives de stibine.
Lithium (OTCQB: LTUM) hat sein Portfolio an kritischen Mineralien durch die Beantragung neuer Antimonansprüche im Südosten von British Columbia, Kanada, erweitert. Diese strategische Entscheidung fällt in eine Zeit, in der China Exportverbote für Antimon in die Vereinigten Staaten aufgrund steigender geopolitischer Spannungen ankündigt. Die Antimonpreise sind bis Mitte November 2024 um 212% gestiegen, was durch die wachsende Nachfrage und Störungen der Lieferkette verursacht wurde.
Die USA sind derzeit auf Importe für über 80% ihres Antimonbedarfs angewiesen, wobei China fast die Hälfte der globalen Produktion und drei Viertel der Raffineriekapazität kontrolliert. Dies ist die zweite Portfolioerweiterung von LTUM im Jahr 2024, nach der Hinzufügung des Los Pilas-Fluorsparanspruchs im April. Das Portfolio des Unternehmens umfasst nun Lithium, Graphit, Titan/seltene Erden, Fluorspar und Antimon-Perspektiven.
- Strategic acquisition of new antimony claims amid 212% price surge
- Portfolio diversification into critical minerals essential for US security
- Positioning to capitalize on supply chain disruptions from China's export ban
- None.
Elko, Nevada--(Newsfile Corp. - December 17, 2024) - Lithium Corporation (OTCQB: LTUM) ("LTUM" or "the Company") is pleased to announce the Company's continued strategic investment in exploration has translated into new, recently staked antimony claims, further expanding its portfolio of critical mineral prospects. The claims, located in southeastern British Columbia, Canada, proximal to the US border, coincide with China's recent announcement banning exports of gallium, germanium, and antimony to the United States amid escalating geopolitical tensions.
Antimony is recognized by the US Department of the Interior as a critical mineral essential to US economic and national security. It is used in defense systems, renewable energy generation and storage, high-tech manufacturing, and numerous other applications. China is the world's largest producer of antimony, controlling nearly half of global production and three-quarters of its refining capacity. In 2023, the US relied on imports for over
The combination of growing demand and China's export restrictions has led to a significant surge in antimony prices. By mid-November 2024, prices had risen by
"With increasing demand, rising prices, and threats to supply chains, it is crucial to explore for and develop domestic North American sources of antimony and other critical minerals to ensure long-term stability and mitigate the risks associated with over-reliance on single-source suppliers," said Tom Lewis, President and CEO of Lithium Corporation.
Today's announcement marks the second time this year Lithium Corporation has expanded the Company's critical minerals portfolio with new prospects and new minerals. In early April, Lithium Corporation introduced the newly staked Las Pilas claim block prospective for hosting fluorspar mineralization. The Company's project portfolio now encompasses lithium, graphite, titanium/rare earth elements, fluorspar and antimony prospects. To learn more, please visit Lithium Corporation's Projects page: https://lithiumcorporation.com/projects/.
About Lithium Corporation
Lithium Corporation is a leading mineral exploration company dedicated to advancing the clean energy economy and supporting global electrification. As one of the few Project Generators in North America's critical minerals sector, the Company leverages its extensive exploration expertise to focus on energy metals with the goal of helping secure domestic North American critical mineral supply chains.
The Company's dual operational focus spans two world-class mining jurisdictions, with promising lithium prospects in Nevada, USA, and a diverse portfolio of titanium, rare earth elements, graphite, fluorspar, and antimony properties in British Columbia, Canada. Lithium Corporation is committed to driving a low-carbon future through strategic investments in energy metals exploration and related opportunities, such as renewable energy generation and energy storage solutions.
Contact
Tom Lewis, CEO
775-410-5287
info@lithiumcorporation.com
On behalf of the Board of Directors
"Tom Lewis"
Tom Lewis,
President & CEO
Website: www.lithiumcorporation.com
Notice Regarding Forward-Looking Statements
This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of minerals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Lithium Corporation (OTCQB: LTUM) 1031 Railroad St. Ste 102B Elko NV 89801 (775) 410-5287 www.lithiumcorporation.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233942
FAQ
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