Lithium Corp (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 ten years, and also entered into a formal agreement with Morella with respect to earn-ins on the Company’s Fish Lake Valley lithium-in-brine prospect in Esmeralda County, and the North Big Smoky lithium-in-brine prospect in Nye County, Nevada. 

Today, the global energy system is in the midst of a major transition to clean energy. The efforts of an ever-expanding number of countries and companies to reduce their greenhouse gas emissions to net zero call for the massive deployment of a wide range of clean energy technologies, many of which rely on critical minerals such as copper, lithium, nickel, cobalt and rare earth element. Lithium Corporation’s portfolio of critical mineral prospects (lithium, graphite, rare earth elements) aligns with global sustainability goals. The Company’s North American exploration prospects are vital in the pipeline of secure, domestic supply of critical minerals that will support North American governments, industries, organizations and populations in achieving their sustainability targets. 

Besides the North Big Smoky and Fish Lake Valley Lithium properties in Nevada, LTUM properties icnlude the 4,800 acres (1,940 hectares) San Emidio lithium property in Washoe County, Northwestern Nevada located roughly 65 miles north-northeast of Reno, and 15 miles south of Gerlach Nevada, on paved/gravel road just off of state Hwy 447. 

Lithium Corporation’s Graphite property the BC Sugar is located in the Okanagan Highlands east of Vernon British Columbia and covers around 2,947 acres (1,192 hectares). Highlights include Disseminated large flake graphite (battery grade material) in a weathered matrix. 2015 trenching 100’ (30 meters) 2.73% graphitic carbon. In similar geologic setting as the Black Crystal Graphite operation to the east. Good access on forestry roads from Lumby and Cherry Creek, BC. 

The Company’s Yeehaw Rare Earth Elements (REE’s) Located in the Monashee Mountains in the Trail Creek Mining Division in South Central British Columbia, between Rossland, and Christina Lake covers 5,438 acres (2,200 hectares). There is good access to the property on forestry roads several miles to the north of the “Old Southern Trans-Provincial Highway”. Proximity to the US/Canada international border. 

The Company continues to make progress at its San Emidio lithium-in-brine prospect in Washoe County, Nevada. In November the Company completed a Controlled Source Audio Frequency Magnetotelluric (CSAMT) geophysical survey. Preliminary results indicate the survey appears to have been particularly effective in mapping out the limits of the previously drill-detected brine zone on the property. The Company is awaiting final results and interpretation. Additionally, preliminary results from the recently completed CSAMT survey on our optioned North Big Smoky property have been received. Our partners are currently assessing the options with respect to continued exploration on this property. 

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Lithium Corporation personnel were on-site during a portion of the San Emidio survey and extracted a mini-bulk sample from the location where brine mineralized with 80 mg/l lithium is known to occur. The sample was shipped to Recion Technologies in Edmonton, Canada, for initial bench tests to determine its amenability to Direct Lithium Extraction (DLE) using Recion’s proprietary technology. Recion continues to work with brine from the Company’s Fish Lake Valley property and recently achieved up to 600% lithium concentration over a period of two hours, extracting up to 95% of the available lithium in the sample submitted. Recion recently completed building a prototype processing plant that conceivably could be utilized on-site for further testing in the future. Preparation is underway and exploratory drilling is slated to begin at Fish Lake Valley in late Q4 2022 or early Q1 2023. 

Also in early November, Lithium Corporation submitted a sample of San Emidio near-surface brine to Recion Technologies of Edmonton, Alberta for Direct Lithium Extraction (DLE) bench tests. Preliminary results indicate the sample submitted graded roughly 50 mg/l lithium and is highly amenable to their proprietary DLE technique, with >90% of the contained lithium liberated after a short processing cycle. Testing is ongoing. The Company expects to have a full report early in 2023. 

On March 14 LTUM updated shareholders as to work planned at the Company’s Fish Lake Valley prospect in Esmeralda County, Nevada. Geophysical ground survey work by the Company’s optionee Morella Corporation generated a number of stand-alone targets for lithium-in-brine mineralization at various locations on the property. To test these anomalies, Morella initiated permitting with the Nevada Bureau of Land Management (BLM), submitting separate permits – one for shallow targets proximal to the historic boron/lithium/potassium mining operation from the 1800’s in the north, and a separate permit for the deeper targets in the more southerly portions of the claim block. Lithium Corporation eagerly awaits the granting of the permits and commencement of drilling operations. 

$LTUM Lithium Corporation Fish Lake Valley Updatehttps://t.co/9GrsbcyNfg

— Stock News Bot (@StockNewsBot2) March 14, 2023

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Currently trading at a $13 million market valuation LTUM os is 114,892,441 with a float of 98,684,268 shares. LTUM is OTCQB and an SEC filer with $3.4 million in cash in the treasury, very little debt and no convertible debt and while they are pre revenues they are not burning more than a few hundred thousand per quarter. LTUM is an exciting story developing in small caps; Over the past 3 years the stock has run over $1 twice and is getting noticed as it comes off its 52-week lows. As the global energy system continues to shift to clean energy Company’s such as Lithium Corporation with its portfolio of critical mineral prospects (lithium, graphite, rare earth elements) move to the top of speculators watch lists. We will be updating on LTUM when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

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