Lithium Corporation Expands Scope to Evaluating Opportunities in Renewable Energy Generation and Energy Storage
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) ha annunciato la sua espansione strategica oltre l'esplorazione mineraria verso la generazione di energia rinnovabile e l'accumulo di energia. L'azienda, che attualmente detiene prospezioni di litio in Nevada e proprietà di titanio, elementi delle terre rare, grafite e fluorspar in Canada, sta esplorando applicazioni innovative come Agrisolar e Pannelli Fotovoltaici Bifacciali Montati Verticalmente (VBPV). Questi ultimi hanno mostrato un incremento del 10% nella Produzione Media di Energia Giornaliera rispetto ai pannelli tradizionali. La valutazione preliminare di energia rinnovabile di LTUM si concentra sulla valutazione della tecnologia solare e sulla potenziale collaborazione con gli stakeholder.
Lithium (OTCQB:LTUM) anunció su expansión estratégica más allá de la exploración mineral hacia la generación de energía renovable y el almacenamiento de energía. La empresa, que actualmente posee prospectos de litio en Nevada y propiedades de titanio, elementos de tierras raras, grafito y fluorspar en Canadá, está explorando aplicaciones innovadoras como Agrisolar y Paneles Fotovoltaicos Bifaciales Montados Verticalmente (VBPV). Estos últimos han mostrado un aumento del 10% en la Producción Promedio de Energía Diaria en comparación con los paneles tradicionales. La evaluación preliminar de energía renovable de LTUM se centra en la evaluación de la tecnología solar y la colaboración potencial con las partes interesadas.
리튬 (OTCQB:LTUM)은 광물 탐사를 넘어 재생 가능 에너지 생산 및 에너지 저장으로의 전략적 확장을 발표했습니다. 현재 네바다에서 리튬 자산을 보유하고 있으며, 캐나다에서 티타늄, 희토류 원소, 흑연 및 플루오르스파르 자산을 보유한 이 회사는 Agrisolar 및 수직 장착 양면 태양광(VBPV) 패널과 같은 혁신적인 응용 프로그램을 탐색하고 있습니다. 후자는 기존 패널에 비해 평균 일일 전력 출력이 10% 증가한 것으로 나타났습니다. LTUM의 초기 재생 가능 에너지 평가는 태양광 기술 평가 및 잠재적인 이해관계자 협업에 초점을 맞추고 있습니다.
Lithium (OTCQB:LTUM) a annoncé son expansion stratégique au-delà de l'exploration minière vers la production d'énergie renouvelable et le stockage d'énergie. L'entreprise, qui détient actuellement des perspectives de lithium au Nevada ainsi que des propriétés de titane, d'éléments de terres rares, de graphite et de fluorite au Canada, explore des applications innovantes telles que Agrisolar et Panneaux Photovoltaïques Bifaciaux Montés Verticalement (VBPV). Ces derniers ont montré une augmentation de 10 % de la production moyenne quotidienne d'énergie par rapport aux panneaux traditionnels. L'évaluation préliminaire de l'énergie renouvelable de LTUM se concentre sur l'évaluation des technologies solaires et la collaboration potentielle avec les parties prenantes.
Lithium (OTCQB:LTUM) hat seine strategische Expansion über die Mineralexploration hinaus in die erneuerbare Energieerzeugung und Energiespeicherung bekannt gegeben. Das Unternehmen, das derzeit Lithium-Projekte in Nevada sowie Titan-, Seltene Erden-, Graphit- und Fluorit-Immobilien in Kanada besitzt, erkundet innovative Anwendungen wie Agrisolar und Vertikal montierte bifaziale Photovoltaik (VBPV)-Solarmodule. Letztere haben im Vergleich zu herkömmlichen Modulen eine Steigerung der durchschnittlichen täglichen Energieerzeugung um 10 % gezeigt. Die vorläufige Bewertung der erneuerbaren Energien von LTUM konzentriert sich auf die Bewertung der Solartechnologie und potenzielle Zusammenarbeit mit Stakeholdern.
- Diversification into renewable energy and storage markets
- Existing portfolio of critical minerals for battery supply chain
- Focus on innovative technologies with proven efficiency gains (VBPV showing 10% higher output)
- No immediate revenue generation from new initiatives
- Early stage of renewable energy assessment with no concrete projects
ELKO, NV / ACCESSWIRE / November 14, 2024 / In a strategic move underscoring the Company's commitment to advancing electrification and a low carbon economy, Lithium Corporation (OTCQB:LTUM) ("LTUM" or "the Company") announced today it is expanding its scope beyond mineral exploration to actively evaluating opportunities in renewable energy generation and energy storage. These closely related sectors are considered a natural extension to the Company's core interest in clean energy.
Lithium Corporation's portfolio of critical mineral prospects includes several lithium prospects in Nevada, and titanium, rare earth elements, graphite and fluorspar properties in Canada. It reflects the Company's focus to-date on energy metals for the North American battery supply chain. The deep integration of renewable energy and energy storage systems with the battery supply chain prompted Lithium Corporation to look beyond mineral exploration, as the Company continually seeks to enhance its environmental stewardship and secure operational sustainability.
Driven by a commitment to innovation, Lithium Corp. is exploring state-of-the-art, niche applications such as Agrisolar. Also known as agrivoltaics or dual-use solar, Agrisolar combines solar energy generation with agriculture. Crop or livestock production or pollinator habitats located underneath or adjacent to solar panels are examples of Agrisolar.
"Our core mission is to be at the forefront of clean energy innovation," said Tom Lewis, CEO of Lithium Corporation. "Evaluating Agrisolar aligns perfectly with our goals, enabling the Company to support global electrification efforts while contributing to food security and rural development. Harnessing the dual benefits of solar power generation and enhanced agricultural productivity delivers tangible environmental and economic benefits."
Another groundbreaking innovation on Lithium Corp.'s radar is Vertically Mounted Bifacial Photovoltaic (VBPV) solar panels. VBPVs capture sunlight from both sides. A 2024 study from the UK found VBPV outperform traditional panel designs, noting a more than
Lithium Corporation's preliminary renewable energy assessment is focused on the state of solar in select jurisdictions, panel technologies, organizational structures, and more. Collaboration with government offices, technology experts, environmental organizations, and other stakeholders will be pursued if the decision is made to move forward.
Learn more about Lithium Corporation's complete portfolio of lithium, graphite, titanium/rare earth elements and fluorspar prospects: https://lithiumcorporation.com/projects/
About Lithium Corporation
Lithium Corporation is a leading mineral exploration company dedicated to advancing clean energy solutions and supporting global electrification. The Company operates as one of only a handful of Project Generators in the critical minerals space in North America. The Company's dual operational focus covers exploration activities in worldclass mining jurisdictions including several lithium prospects in Nevada, USA, as well as titanium, rare earth elements, graphite and fluorspar properties in British Columbia, Canada.
Lithium Corporation concentrates its exploration expertise on the energy metals supply chain to help secure a sustainable future through renewable energy. With a focus on innovation and sustainability, the Company is committed to driving a low-carbon future through strategic investments in energy metals for the North American battery supply chain and related opportunities, such as renewable energy generation and energy storage solutions.
On behalf of the Board of Directors
"Tom Lewis"
Tom Lewis, President & CEO
Website: www.lithiumcorporation.com
Contact:
Tom Lewis, CEO
775-410-5287
info@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 (OTC-LTUM) 1031 Railroad St. Ste 102B Elko NV 89801 (775) 410-5287 www.lithiumcorporation.com
SOURCE: Lithium Corporation
View the original press release on accesswire.com
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