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Saturday, May 28, 2022

Lithium Corporation. (OTCMKTS: LTUM) Move To The Upside as Lithium Miner Increases Claim Holdings

Lithium Corporation. (OTCMKTS: LTUM) is heating up in recent trading and starting to move to the upside on a surge of trading volume. The stock is just starting to see some movement since briefly dipping below $0.20 per share. LTUM has runner in its blood skyrocketing to highs of $1.09 in 2021 before several months of choppy waters resulted in another buying opportunity at a quarter. LTUM is a sec filer and fully reporting OTCQB with a healthy balance sheet including $2.2 million in cash and no convertible debt on the books. 

LTUM is making moves in the booming lithium space; with more and more EV vehicles being manufactured the demand for lithium-ion batteries continues to grow at a rapid pace. LTUM is currently developing two lithium-in-brine prospects located in the State of Nevada, USA along with a flake graphite prospect, and an early-stage Rare Earth Element prospect, both of which are in British Columbia. Additionally, the company holds a 25% interest in fee lands in the Tonopah Mining Camp in Nye County Nevada that has historically produced over 1 million ounces of gold and 100 million ounces of silver, and could potentially be put back into production. Projects include: 

Lithium Corporation. (OTCMKTS: LTUM) is an exploration company based in Nevada devoted to the exploration for energy storage related resources throughout North America, and looking to capitalize on opportunities within the ever-expanding next generation energy storage markets. The Company has maintained a strategic alliance with Morella Corporation (the Company’s single largest shareholder) for the past nine years, and has recently entered into a formal agreement with Morella with respect to an earn-in on the Company’s Fish Lake Valley lithium-in-brine prospect in Esmeralda County, Nevada. Lithium Corporation is currently developing two lithium-in-brine prospects located in the State of Nevada, USA along with a flake graphite prospect, and an early-stage Rare Earth Element prospect, both of which are in British Columbia. Additionally, the company holds a 25% interest in fee lands in the Tonopah Mining Camp in Nye County Nevada that has historically produced over 1 million ounces of gold and 100 million ounces of silver, and could potentially be put back into production. Projects include: 

Fish Lake Valley – Lithium Corporation holds Placer claims that cover approximately 6400 acres. Locally Lithium enriched Tertiary era Fish Lake formation Rhyolitic tuffs or ash flow tuffs have accumulated in a valley or basinal environment. Scroll down for the full description. 

San Emidio – Lithium Corporation staked a 1600-acre block of claims in the San Emidio Valley during September of 2011. These claims cover the most prospective portion of the playa where ongoing sampling has determined anomalous concentrations of Lithium occur in sediments, and in brines. 

Yeehaw – The Yeehaw Titanium (Ti)/Rare Earth Element (REE) exploration prospect is located in the Monashee Mountains in the Trail Creek Mining Division in South Central British Columbia. The property is comprised of three Provincially granted Crown mining claims, covering 4,079 acres (1650 hectares). 

Hughes Property – The Hughes lands are situated in six discrete prospect areas in Nevada, the most notable of which being the Tonopah block where Summa holds 57 claims that cover approximately 770 acres in the heart of the historic mining camp where over 1.8 million ounces of gold and 174 million ounces of silver were produced predominately in the early 1900’s. 

BC Sugar – Graphite – The BC Sugar property is within the Shushwap Metamorphic Complex, in a geological environment favorable for the formation of flake graphite deposits, and is in an area of excellent logistics, with a considerable network of logging roads within the project area. 

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The Company recently increased the size of its BC Sugar flake graphite claim block in British Columbia, and is planning to recommence work on this prospect late Spring 2022. Graphite markets are more buoyant than the past several years with demand for flake graphite from the EV battery sector predicted to rise over 35% in 2022 (Source: Fastmarkets). Additionally, recent world events are driving home the need to ensure the Company has an ample, readily available supply of energy metals here in North America.  

Lithium Corporation acquired the property in 2013 and performed geological and sampling work over the following field seasons, culminating in trenching programs at the “Weather Station” zone in 2015, and a point midway between that zone and the Taylor Creek area in 2018. Trenching at the Weather Station intercepted a broad zone of mineralization with a core area of almost 100 feet (~30 meters) where weathering was as deep as 8 meters subsurface, and average grades were 2.73% graphitic carbon. The 2018 program intercepted up to 2.62% graphitic carbon in one of the test pits. Due to weakness in the graphite market, Lithium Corporation reduced the size of its claim block and has not conducted any further work on this property. The graphite market has since roared back to life, so the Company increased its holdings in the Weather Station/Taylor Creek area to approximately 1321 acres (534.66 ha’s), and to 1626 acres (657.95 ha’s) further east at the Sugarland showing. The Company is currently in the planning stages with respect to the work to be done on these prospects this summer. 

On September 16th 2021 Lithium Corporation signed an agreement with Surge Battery Metals Whereby Surge may earn an 80% interest in the Company’s San Emidio lithium-in-brine prospect in Washoe County Nevada, by paying an initial $50,000 and issuing 200,000 shares of Surge (TSX-V:Nili). Surge has undertaken to incur expenditures on the property. 

LTUM is at the right place at the right time; Lithium is a red-hot market; it has many industrial uses. It goes into glasses, ceramics, pharmaceuticals, and aluminum and magnesium alloys. But the highest potential for growth is in the battery market, where lithium is used as electrode and electrolyte material in lithium disposable batteries and in lithium-ion rechargeable batteries. According to a new report from Grand View Research, the global lithium market size is expected to reach USD 8.2 billion by 2028. The market is expected to expand at a CAGR of 14.8% from 2021 to 2028. Rising investments in lithium mining and related technologies are projected to remain a key trend for the market. 

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Currently trading at a $35 million market valuation LTUM has 105,092,441 shares outstanding and a healthy balance sheet including $2.2 million in cash and no convertible debt on the books. he stock is just starting to see some movement since briefly dipping below $0.20 per share. LTUM has runner in its blood skyrocketing to highs of $1.09 in 2021 before several months of choppy waters resulted in another buying opportunity at a quarter. LTUM is an sec filer and fully reporting OTCQB. TUM is making moves in the booming lithium space; with more and more EV vehicles being manurafactured the demand for ltihium ion batteries continues to grow at a rapid pace. LTUM is currently developing two lithium-in-brine prospects located in the State of Nevada, USA along with a flake graphite prospect, and an early stage Rare Earth Element prospect, both of which are in British Columbia. Additionally the company holds a 25% interest in fee lands in the Tonopah Mining Camp in Nye County Nevada that has historically produced over 1 million ounces of gold and 100 million ounces of silver, and could potentially be put back into production. We will be updating on LTUM when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with LTUM.

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Disclosure: we hold no position in LTUM either long or short and we have not been compensated for this article.

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