Lithium Corporation Fluoride Exploration Update
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.
Litio (OTCQB: LTUM) ha fornito un aggiornamento sul suo progetto di esplorazione fluorspar Las Pilas. I punti salienti includono:
1. La proprietà è cresciuta oltre 11.000 acri di terreni minerari potenziali.
2. Lavori geochimici in corso, inclusi dati storici, stanno accelerando il progresso dell'esplorazione.
3. I dati dei sedimenti di torrente indicano il potenziale per mineralizzazioni di Fluoruro con Nichel/Crômio e Elementi delle Terre Rare.
4. La società è ottimista riguardo ai risultati e pianifica di completare l'esplorazione prima dell'inverno.
5. Il fluorspar è classificato come un minerale critico per l'elettrificazione e un futuro a basse emissioni di carbonio.
6. I composti fluorurati migliorano la stabilità termica e le prestazioni nelle batterie agli ioni di litio.
7. Si prevede che la domanda di fluorspar nel settore delle batterie superi 1,6 milioni di tonnellate entro il 2030.
Litio (OTCQB: LTUM) ha proporcionado una actualización sobre su proyecto de exploración de fluorspar Las Pilas. Los puntos destacados incluyen:
1. La propiedad se ha expandido a más de 11,000 acres de tierras mineras prospectivas.
2. El trabajo geoquímico en curso, incluido un banco de datos histórico, está acelerando el progreso de la exploración.
3. Los datos de sedimentos de corriente indican potencial para mineralización de Fluoruro con Níquel/Cromo y Elementos de Tierras Raras.
4. La empresa es optimista sobre los resultados y planea completar la exploración antes del invierno.
5. El fluorspar se clasifica como un mineral crítico para la electrificación y un futuro bajo en carbono.
6. Los compuestos fluorados mejoran la estabilidad térmica y el rendimiento en las baterías de iones de litio.
7. Se espera que la demanda de fluorspar del sector de baterías supere 1.6 millones de toneladas para 2030.
리튬 (OTCQB: LTUM)이 라스 필라스 플루오르광 탐사 프로젝트에 대한 업데이트를 제공했습니다. 주요 내용은 다음과 같습니다:
1. 이 지역은 11,000 에이커 이상의 잠재적 광산 토지로 확장되었습니다.
2. 역사적인 데이터베이스를 포함한 진행 중인 화학 분석 작업이 탐사 진행을 가속화하고 있습니다.
3. 하천 퇴적물 데이터는 니켈/크롬과 희유금속 요소를 포함한 불소 광물화의 잠재성을 나타냅니다.
4. 회사는 결과에 대해 낙관적이며 겨울 전에 탐사를 완료할 계획입니다.
5. 플루오르광은 전기화 및 저탄소 미래를 위한 중요 광물로 분류됩니다.
6. 플루오르화 화합물은 리튬 이온 배터리의 열 안정성과 성능을 향상시킵니다.
7. 배터리 산업에서 플루오르광 수요는 2030년까지 160만 톤을 초과할 것으로 예상됩니다.
Le lithium (OTCQB: LTUM) a fourni une mise à jour sur son projet d'exploration de fluorine Las Pilas. Les points clés comprennent :
1. La propriété s'est élargie à plus de 11 000 acres de terres minières susceptibles.
2. Les travaux géochimiques en cours, y compris une base de données historique, accélèrent les progrès de l'exploration.
3. Les données sur les sédiments des ruisseaux indiquent un potentiel de minéralisation de fluorure avec du nickel/chrôme et des éléments des terres rares.
4. L'entreprise est optimiste quant aux résultats et prévoit de terminer l'exploration avant l'hiver.
5. La fluorine est classée comme un minéral critique pour l'électrification et un avenir à faible émission de carbone.
6. Les composés fluorés améliorent la stabilité thermique et la performance dans les batteries lithium-ion.
7. La demande de fluorine pour le secteur des batteries devrait dépasser 1,6 million de tonnes d'ici 2030.
Litium (OTCQB: LTUM) hat ein Update zu seinem Fluorspar-Explorationsprojekt Las Pilas bereitgestellt. Wichtige Highlights sind:
1. Die Fläche hat sich auf über 11.000 Acres vielversprechende Bergbaugebiete ausgedehnt.
2. Laufende geochemische Arbeiten, einschließlich einer historischen Datenbank, beschleunigen den Fortschritt der Exploration.
3. Stream-Sedimentdaten zeigen ein Potenzial für Fluoridmineralisierungen mit Nickel/Chrom und Seltenen Erden.
4. Das Unternehmen ist optimistisch hinsichtlich der Ergebnisse und plant, die Erkundung vor dem Winter abzuschließen.
5. Fluorspar wird als kritisches Mineral für Elektrifizierung und eine kohlenstoffarme Zukunft klassifiziert.
6. Fluorierte Verbindungen verbessern die thermische Stabilität und die Leistung in Lithium-Ionen-Batterien.
7. Die Nachfrage nach Fluorspar aus dem Batteriemarkt wird voraussichtlich bis 2030 über 1,6 Millionen Tonnen steigen.
- Expansion of Las Pilas property to over 11,000 acres, increasing exploration potential
- Discovery of historic geochemical database expediting exploration progress
- Promising stream sediment data indicating potential for Fluoride, Nickel/Chromium, and Rare Earth Elements mineralization
- Fluorspar classified as critical mineral by US and Canadian governments, ensuring strong market demand
- Projected fluorspar demand from lithium-ion battery sector to exceed 1.6 million tonnes by 2030
- None.
Elko, Nevada--(Newsfile Corp. - September 19, 2024) - Lithium Corporation (OTCQB: LTUM) ("LTUM" or "the Company"), a mineral exploration company focused on energy metals for the North American battery supply chain, is pleased to update investors on exploration activities undertaken over the past several months on the Company's new Las Pilas prospect.
Earlier in 2024, Lithium Corporation introduced the newly staked Las Pilas property that is prospective for hosting fluorspar mineralization. Fluorspar is critical to a low carbon future as a result of its use in all three main parts of an electric battery: cathode, electrolyte and anode. It is also essential to processing silicon for solar panels.
Since April, the Las Pilas property has more than doubled in size to over 11,000 acres (4,450 hectares) of highly prospective mining lands. As Lithium Corporation's understanding of controls on mineralization on the property evolved, it became obvious a number of local settings are favorable for hosting mineralization similar to that seen at the nearby past producing Rock Candy fluorspar mine.
Geochemical work has been ongoing and an historic geochemical database was found that augments the work currently being performed in the area. This database was recently digitized and is presently being combined with data generated by Lithium Corporation, along with historic Government Geological Survey data. Combined these data resources are expediting Lithium Corporation's exploration progress on Las Pilas. Stream sediment data to-date indicates several areas on the property may be prospective for hosting Floride mineralization possibly in association with Nickel/Chromium +/- Rare Earth Elements (REE). This may indicate Floride mineralization hosted in fluorcarbonates similar to that seen at the Mountain Pass REE mine on the border of California and Nevada.
Lithium Corporation is extremely heartened by the results of the Company's exploration work to-date and looking forward to finishing before the onset of winter. Should Fall 2024 results warrant, a potentially expanded exploration program will be planned for the next field season.
Considered essential to electrification and a low-carbon future, fluorine and its source material fluorspar are classified as 'critical minerals' by Governments in both the United States and Canada. Fluorinated compounds have an increasing role in next generation lithium-ion batteries where their presence significantly improves thermal stability in tandem with safety. Similarly, fluorinated compounds have been demonstrated to improve battery performance in sub-zero temperatures. Leading battery industry market intelligence firm Benchmark Minerals reports, "fluorspar demand from the lithium-ion battery sector is expected to exceed 1.6 million tonnes by 2030".
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 Nevada based mineral exploration company devoted to exploring for energy storage related resources throughout North America. The Company is one of only a handful of Project Generators in the critical minerals space in North America. Lithium Corporation's dual operational focus covers exploration activities on several lithium prospects in Nevada, USA, as well as titanium, rare earth elements, graphite and fluorspar properties in British Columbia, Canada. Both Nevada and British Columbia are worldclass mining jurisdictions.
Lithium Corporation concentrates its exploration expertise on the energy metals supply chain to help secure a sustainable future through renewable energy. The Company's newly staked fluorspar prospect is evidence of Lithium Corporation's dynamic approach to maintaining an evolving portfolio growing through new prospects and broadening mineral scope. In Nevada, Lithium Corporation's Fish Lake Valley prospect is in the immediate vicinity of the longest running, large-scale producing lithium-mine in the United States.
On behalf of the Board of Directors
"Tom Lewis"
Tom Lewis,
President & CEO
Website: www.lithiumcorporation.com
Contact Info
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 (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/223853
FAQ
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