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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 Corporation (OTCQB:LTUM) provided an update on its Fish Lake Valley project in Esmeralda County, Nevada. Geophysical surveys by Morella Corporation revealed several targets for lithium-in-brine mineralization. Morella has initiated the permitting process with the Nevada Bureau of Land Management to explore both shallow and deeper targets. The company awaits permit approval to begin drilling operations. Lithium Corporation, focused on energy storage resources, maintains a decade-long strategic partnership with Morella, its largest shareholder.
Lithium Corporation (OTCQB:LTUM) announced the staking of a new lithium clay prospect in Nye County, Nevada, covering approximately 1,120 acres across 58 claims. Prospecting in 2022 revealed anomalous lithium in sedimentary rocks near Powerline Road, about 28 miles from American Lithium's Tonopah project. The prospect is identified in Siebert Formation lacustrine claystones. Following preliminary work on the site, the company is planning further exploration efforts. Lithium Corporation continues to focus on energy storage resources in North America, maintaining a strategic alliance with Morella Corporation for exploration projects.
Lithium Corporation (LTUM) has announced the launch of its revamped website, enhancing its online presence. Additionally, the company has submitted a sample of near-surface brine from San Emidio for Direct Lithium Extraction (DLE) testing. Preliminary results show a lithium grading of approximately 50 mg/l, yielding over 90% lithium extraction efficiency after a short processing cycle. Full test results are expected in early 2023. The company continues to focus on energy storage resources in North America.
Lithium Corporation (OTCQB:LTUM) announced the completion of a CSAMT geophysical survey at its San Emidio lithium-in-brine prospect in Nevada. Preliminary results show effective mapping of the brine zone limits. A mini-bulk sample was collected from the area with 80 mg/l lithium for testing Direct Lithium Extraction (DLE) at Recion Technologies, which achieved a lithium concentration of up to 600%. Exploratory drilling at Fish Lake Valley is set for late Q4 2022 or early Q1 2023. The company is also updating its corporate identity and website.
Lithium Corporation (OTCQB:LTUM) has appointed Brian Goss as Vice President of Business Development. Goss, who previously served as the Company’s President from 2015 to 2017, brings over 19 years of experience in the mining industry. He is the founder of Rangefront Mining Services and has board roles in several mining companies. This leadership change is expected to enhance the company's strategic direction in the growing energy storage sector, reinforced by its long-standing alliance with Morella Corporation.
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