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It's a shame Dino that Traders have to keep on putting up with this b*******!!!!
At first yes, then said, how come the company didn't release the information themselves, got in at 35 and sold at 68.....That was close call for sure.
There is none..fake..shame
You thought this was real Dino???
Going down fast… crazy
Well there was massive volume, so there were a crap ton of people that did believe it
Anybody who believed in it in the first place shouldn't really be trading at all
Chill out with these kinda fake news plays its gonna destroy the OTC again..
I’m out. News looks fake to me
$LTUM: Added 25k here at 0.57
GO MUSKYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY
GO $LTUM
Looking fake. Wish this crap would stop!
Maybe it’s fake?
wheres the 8k?
This is the reason we play down here!
Does this company do anything? Lithium demand is at an all time high. Wtf.
Right what a joke.
All other lithium stocks are moving higher except this one.
LTUM ! REALLY NEEDS TO HOLD .30 ! Or could get very ugly.....gl
Elko, Nevada--(Newsfile Corp. - September 14, 2021) - Lithium Corporation (OTCQB: LTUM) ("LTUM" or "the Company"), a North American corporation focused on energy metals for the growing energy storage sector and high-tech industries, wishes to update their shareholders with respect to recent events.
Negotiations continue with respect to the creation of a definitive option agreement with Altura Mining Limited regarding our Fish Lake Valley property. Progress on that account is slower than normal, mainly due to cross jurisdictional and regulatory issues; however, we continue to make progress with Altura paying all costs currently to maintain title to the land package. We fixed August 17th as the effective date of the agreement, and October 15th as the deadline for the consummation of the definitive agreement with interest accruing on the share portion of the consideration due to Lithium Corporation at a rate of 2.5% per month thereafter, should it not come to pass. The size of Lithium Corporation's mineral holdings at Fish Lake Valley has increased to approximately 6,800 acres (2,750 hectares), expanding the parcel to include a deeper, as yet untested paleobasin target.
Earlier in the summer Lithium Corporation submitted a sample of a low grade (33 mg/l) lithium enriched brine to Recion Technologies Inc. for bench tests to determine how amenable the Fish Lake Valley brine is to their proprietary Direct Lithium Extraction (DLE) process. Initial tests were positive with recoveries of up to 96% lithium at bench scale, with only modest consumption of ion exchange media. Lithium Corporation is pleased with these preliminary results, and LTUM and Altura are currently discussing the possibility of doing more bench scale tests on the higher-grade brines that occur on the prospect, with an eye to eventually prove the economic feasibility of using Recion's DLE process for extracting Lithium from our Fish Lake Valley brines.
At the Yeehaw prospect the Company identified areas to the west off the existing claim block which are possibly prospective for hosting Rare Earth Element +/- Titanium mineralization similar to that seen on our earlier acquired claims. An additional 1,255 acres (508 hectares) have been staked bringing our total holdings in this area to approximately 3,424 acres (1,385 hectares).
Lithium Corporation continues to evaluate and develop other Lithium/hi-tech/battery metals prospects and encourages all submissions from parties that hold prospective lands. The Company remains bullish on the short, medium and long term markets for energy metals, and is continually striving to position itself to benefit from such a robust market environment.
About Lithium Corporation
Lithium Corporation 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 Altura Mining for the past eight years, and recently signed a Letter of Intent with Altura with respect to an earn-in on the Company's Fish Lake Valley lithium-in-brine prospect in Esmeralda County, Nevada. Website: www.lithiumcorporation.com.
Contact Info
Tom Lewis, CEO
Lithium Corporation
LTUM ! GOING TO MAKE A MOVE BIG VOLUME !
LTUM ! STAY LONG !
About International Lithium Corp.
International Lithium Corp. believes that the '20s will be the decade of battery metals, at a time that the world faces a significant turning point in the energy market's dependence on oil and gas and in the governmental and public view of climate change. Our key mission in the new decade is to make money for our shareholders from lithium and battery metals while at the same time helping to create a greener, cleaner planet. This includes optimizing the value of our existing projects in Canada, Argentina and Ireland as well as finding, exploring and developing projects that have the potential to become world class lithium and rare metal deposits. In addition, we have seen the clear and growing wish by the USA and Canada to safeguard their supplies of critical battery metals, and our Canadian properties are strategic in that respect.
International Lithium Expands Raleigh Lake Lithium Project Area
2:25 pm ET August 23, 2021 (Newsfile) Print
Vancouver, British Columbia--(Newsfile Corp. - August 23, 2021) - International Lithium Corp. (TSXV: ILC) (the "Company" or "ILC") announces that it has acquired through staking more than 14,000 hectares of claims in the vicinity of the Raleigh Lake lithium and rubidium project in Ontario, Canada, bringing the Raleigh Lake project area to just over 17,000 hectares (170 square kilometres). The new claims were staked within the Raleigh Lake Greenstone Belt adjacent to the pre-existing Raleigh Lake claim grouping.
The Company's ongoing investigations in the region determined that the surrounding greenstone belt is significantly underexplored and the potential to host additional mineral deposits is quite high. Previous exploration by Canadian Nickel Co Ltd. in the early 1970s had identified pegmatite in drill holes that were targeting nickel mineralization. The Company intends to conduct an airborne geophysical survey as soon as practical as the first phase of exploration on the newly acquired claims.
John Wisbey, Chairman and CEO of International Lithium Corp. commented as follows:
Raleigh Lake is ILC's major project in North America, and has the great economic benefit relative to many other Canadian lithium projects of being close to major transport infrastructure. Our drilling earlier this year in Zone 1 of the claims (around 5% by area of our new total claims) validated interesting quantities of lithium oxide in the areas we drilled, and commercially very interesting quantities of rubidium oxide. Expanding the area of our claims in the area significantly was a logical move. The money we have raised this year will allow us to make good progress with further exploration and in being able to publish some initial minimum estimates of the size of resource.
Qualified person
Jon Findlay, Ph.D, P.Geo, a consultant to the Company and a "Qualified Person" for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.
About International Lithium Corp.
International Lithium Corp. believes that the '20s will be the decade of battery metals, at a time that the world faces a significant turning point in the energy market's dependence on oil and gas and in the governmental and public view of climate change. Our key mission in the new decade is to make money for our shareholders from lithium and battery metals while at the same time helping to create a greener, cleaner planet. This includes optimizing the value of our existing projects in Canada, Argentina and Ireland as well as finding, exploring and developing projects that have the potential to become world class lithium and rare metal deposits. In addition, we have seen the clear and growing wish by the USA and Canada to safeguard their supplies of critical battery metals, and our Canadian properties are strategic in that respect.
A key goal is to become a well funded company to turn our aspirations into reality.
International Lithium Corp. has a significant portfolio of projects, strong management, and strong partners. Partners include Ganfeng Lithium Co. Ltd., ("Ganfeng Lithium") a leading China-based lithium product manufacturer quoted on the Shenzhen and Hong Kong stock exchanges (A share code: 002460, H share code: 1772) and Essential Metals Limited, quoted on the Australian Stock exchange.
The Company's primary strategic focus is now on the Raleigh Lake lithium and rubidium project in Canada and on the Company's strategic options on the Mariana project in Argentina.
The Raleigh Lake project now consists of over 17,000 hectares (170 square kilometres) of adjoining mineral claims in Ontario, and is regarded by ILC management as ILC's most significant project in Canada. The exploration there so far, which is on only about 5% of ILC's current claims, contain significant quantities of rubidium and caesium in the pegmatite as well as lithium. Raleigh Lake is 100% owned by ILC, is not subject to any encumbrances, and is royalty free.
The Mariana lithium-potash brine project, which is the subject of this news release, is located within the renowned South American, "Lithium Belt" that is the host to the vast majority of global lithium resources, reserves and production. The Mariana project strategically encompasses an entire mineral rich evaporite basin, totalling 160 square kilometres, that ranks as one of the more prospective salars or 'salt lakes' in the region.
Complementing the Company's lithium brine project at Mariana and rare metal pegmatite property at Raleigh Lake, are interests in two other rare metal pegmatite properties in Ontario, Canada known as the Mavis Lake and Forgan Lake projects, and the Avalonia project in Ireland, which encompasses an extensive 50-km-long pegmatite belt.
The ownership of the Mavis Lake project is now 51% Essential Metals Limited ("ESS") and 49% ILC. In addition, ILC owns a 1.5% NSR on Mavis Lake. ESS has an option to earn an additional 29% by sole-funding a further CAD $8.5 million expenditures of exploration activities, at which time the ownership will be 80% ESS and 20% ILC.
The Forgan Lake project will, upon Ultra Resources Inc. meeting its contractual requirements pursuant to its agreement with ILC, become 100% owned by Ultra Resources, and ILC will retain a 1.5% NSR on Forgan Lake.
The ownership of the Avalonia project is currently 55% Ganfeng Lithium and 45% ILC. Ganfeng Lithium has an option to earn an additional 24% by either incurring CAD $10 million expenditures on exploration activities or delivering a positive feasibility study on the project, at which time the ownership will be 79% Ganfeng Lithium and 21% ILC.
With the increasing demand for high tech rechargeable batteries used in electric vehicles and electrical storage as well as portable electronics, lithium has been designated "the new oil," and is a key part of a "green tech" sustainable economy. By positioning itself with solid strategic partners and projects with significant resource potential, ILC aims to be one of the lithium and rare metals resource developers of choice for investors and to continue to build value for its shareholders in the '20s, the decade of battery metals.
On behalf of the Company,
John Wisbey
Chairman and CEO
www.internationallithium.com
For further information concerning this news release please contact +1 604-449-6520
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
Except for statements of historical fact, this news release or other releases contain certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information or forward-looking statements in this or other news releases may include: the effect of results of the feasibility study of the Mariana Joint Venture Project, timing of publication of the technical reports, possible sale of the Company's interest in the Project, anticipated production rates, the timing and/or anticipated results of drilling on the Raleigh Lake or Mavis Lake projects, the expectation of resource estimates, preliminary economic assessments, feasibility studies, lithium or rubidium or caesium recoveries, modeling of capital and operating costs, results of studies utilizing various technologies at the company's projects, budgeted expenditures and planned exploration work on the Avalonia Joint Venture, satisfactory completion of the sale of mineral rights at Forgan Lake, increased value of shareholder investments, and continued agreement between the Company and Ganfeng Lithium Co. Ltd. regarding the Company's percentage interest in the Mariana project and assumptions about ethical behaviour by our joint venture partners where we have them. Such forward-looking information is based on a number of assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled "Risks" and "Forward-Looking Statements" in the interim and annual Management's Discussion and Analysis which are available at www.sedar.com. While management believes that the assumptions made are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. Should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Forward-looking information herein, and all subsequent written and oral forward-looking information are based on expectations, estimates and opinions of management on the dates they are made that, while considered reasonable by the Company as of the time of such statements, are subject to significant business, economic, legislative, and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions chang
$ LTUM. Over the past several months, LTUM has been gradually expanding the size of the Fish Lake Valley prospect. Currently, the Company's holdings here are 6,873 acres (2,781 ha's), up considerably from the beginning of the year holdings of 1,440 acres (523 ha's). The land package has been expanded to cover areas identified earlier as possibly also prospective for hosting lithium brine resources, similar to the main zone.
As outlined in earlier press releases, Lithium Corporation signed an LOI with Altura Mining Limited whereby Altura will earn a 60% interest in the Fish Lake Valley prospect by conducting $2,000,000 worth of exploration work on the property, and paying LTUM $575,000 and issuing $400,000 worth of Altura common shares in staged payments over the next four years.
While Altura has fulfilled all obligations under the LOI to date, they requested the due diligence period under the agreement be shifted from July 31st to August 31st. The need to do so is the result of Australian reporting requirements. Given Lithium Corporation's long-standing relationship with Altura, the Company is happy to accommodate the request and aid in any way possible. In the meantime, work progresses on the formal agreement governing the earn-in, and the parties have been in talks as to how best to move the prospect forward once the formal agreement is in place. GO > $LTUM
$ LTUM. There will always be a huge demand for Lithium just like with oil. Electric Cars & Trucks will bring a lot more demand for Lithium over the next many years. GO > $LTUM
https://www.otcmarkets.com/stock/LTUM/news/Lithium-Corporation-Expands-Fish-Lake-Valley-Prospect?id=310319
$ LTUM. Lithium Corporation Commences Work On Yeehaw Titanium Ree Prospect
ELKO, NV / ACCESSWIRE / July 7, 2021 / Lithium Corporation (OTCQB: LTUM) ("LTUM" or "the Company"), a North American corporation focused on energy metals for the growing energy storage sector and high-tech industries wish to announce the Company has recently commenced fieldwork on its Yeehaw prospect in southern British Columbia.
Lithium Corporation field personnel discovered Titanium with Rare Earth Element (Ti/REE) mineralized lamprophyre dykes in this area in 2017, conducting prospecting, geological, geochemical with some geophysical investigations to date. Since this time, for the most part, efforts focused mainly on the immediate area of the known mineralization, which was successful in the uncovering of two distinctly different lamprophyre dykes, and two separate correlatable exposures roughly 30 meters wide at the main "Horseshoe Bend" showing. The Horseshoe Bend showing is mineralized with approximately 0.90% titanium and strongly anomalous in both light (LREE's) and heavy (HREE's).
Field conditions are currently optimum, and the Company is intent on increasing the known strike length of the main mineralized structure this field season. To that end, Lithium Corporation has commenced prospecting, and geological work, which will be followed by geochemical work, and possibly trenching at higher elevations if the pending permit application is approved prior to the onset of winter.
About Lithium Corporation
Lithium Corporation is an exploration company based in Nevada devoted to the exploration of 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 Altura Mining for the past eight years and has recently entered signed a Letter of Intent with Altura with respect to an earn-in on the Company's Fish Lake Valley lithium-in-brine prospect in Esmeralda County, Nevada. Website: www.lithiumcorporation.com.
LTUM ! RELOADED SOME !! TRYING FOR SOME .40 .....hope i get them....gl... threw a bunch in ALLIF .....make some money.
Looks like people are playing with this stock. Good news gives it a rise, then Boom, down it goes.
LTUM ! HOPE I GET A CHANCE GET BACK IN ! Sold 100k to far to fast for the news an resistance ....be smart ....if im lying....im dying.
With all the good news coming out, it should blow past .50 IMHO.
LTUM ! NEWS .....Lithium Corporation Expands Fish Lake Valley Prospect
9:21 am ET July 6, 2021 (Accesswire) Print
ELKO, NV / ACCESSWIRE / July 6, 2021 / Lithium Corporation (OTCQB:LTUM) ("LTUM" or "the Company"), a North American corporation focused on energy metals for the growing energy storage sector and high-tech industries, wishes to announce the Company has increased the size of its land holdings at Fish Lake Valley, and agreed to extend the due diligence period under the Letter of Intent (LOI) with Altura Mining Limited (ASX:AJM) whereby Altura may earn a 60% interest in the Company's Fish Lake Valley lithium-in-brine prospect in Esmeralda County, Nevada.
Over the past several months, LTUM has been gradually expanding the size of the Fish Lake Valley prospect. Currently, the Company's holdings here are 6,873 acres (2,781 ha's), up considerably from the beginning of the year holdings of 1,440 acres (523 ha's). The land package has been expanded to cover areas identified earlier as possibly also prospective for hosting lithium brine resources, similar to the main zone.
As outlined in earlier press releases, Lithium Corporation signed an LOI with Altura Mining Limited whereby Altura will earn a 60% interest in the Fish Lake Valley prospect by conducting $2,000,000 worth of exploration work on the property, and paying LTUM $575,000 and issuing $400,000 worth of Altura common shares in staged payments over the next four years. While Altura has fulfilled all obligations under the LOI to date, they requested the due diligence period under the agreement be shifted from July 31st to August 31st. The need to do so is the result of Australian reporting requirements. Given Lithium Corporation's long-standing relationship with Altura, the Company is happy to accommodate the request and aid in any way possible. In the meantime, work progresses on the formal agreement governing the earn-in, and the parties have been in talks as to how best move the prospect forward once the formal agreement is in place.
About Lithium Corporation
Lithium Corporation 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 Altura Mining for the past eight years. Website: www.lithiumcorporation.com.
Contact Info
Tom Lewis, CEOLithium Corporation775-410-5287info@lithiumcorporation.com
About Altura Mining Limited
Altura Mining Limited is an ASX/OTC listed exploration and development company based in Perth, West Australia that is a significant investor in Lithium Corporation, and has been a collaborator with Lithium Corporation since 2012. Website: www.alturamining.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.
SOURCE: Lithium Corporation
LTUM !! NEWS ...
Critical Elements Engages Goldspot Discoveries to Apply Ai Exploration Technologies at Its Lithium-Tantalum Projects Within the Nemiscau Belt in Quebec
8:00 am ET June 18, 2021 (Accesswire) Print
GoldSpot will utilize machine learning solutions to uncover EV battery material at Critical Elements' Exploration ProjectsEngagement showcases GoldSpot's work with industry leaders across resources to identify new mineral exploration targets
MONTRÉAL, QC / ACCESSWIRE / June 18, 2021 / Critical Elements Lithium Corporation (TSX-V:CRE) (OTCQX:CRECF) (FSE:F12) ("Critical Elements" or the "Company") and GoldSpot Discoveries Corp. (TSXV:SPOT; OTCQX:SPOFF) ("GoldSpot"), a leading technology services company leveraging machine learning to transform the mineral discovery process, are pleased to announce that GoldSpot has been engaged by Critical Elements to apply it proprietary machine learning technology and geoscience expertise on Critical Elements' extensive property package located in James-Bay, Quebec.
Globally, Any Resource
GoldSpot works with leading exploration and mining clients across all commodities and deposit types to apply cutting edge Artificial Intelligence ("AI") algorithms to significantly increase the efficiency and success rate of mineral exploration across resources.
GoldSpot will work closely with the technical team at Critical Elements to analyze geoscience data sets to develop and refine Smart Targets at the company's 100% owned exploration projects, which features multiple lithium showings, as well as nickel, copper and gold.
One strength of the GoldSpot Smart approach of AI and geoscience methods to exploration is the ability to take large land packages and distill all available geological information to identify the most efficient and cost-effective way to explore prospective terrane. As is standard in GoldSpot's workflow, most of all available public geoscience data will be compiled and synthesized for the permits of scope and surrounding areas. Structural, geological, metamorphism, hydrothermal footprint, geophysical, and remote sensing components will all be analysed through GoldSpot's proprietary AI tools to produce high priority targets for field prospecting. Additionally, machine learning-based outcrop detection will be achieved to better orient the field investigations.
"Our engagement with Critical Elements showcases GoldSpot's ability to work with mining leaders across resources to identify new mineral exploration targets" said Denis Laviolette, Executive Chairman and President of GoldSpot. "Significant global capital is being invested throughout the electric vehicle supply chain, which will drive demand for high-quality lithium sources. We are excited to work with the Critical Elements team to capitalize on their existing infrastructure and exploration potential as well as demonstrate our advanced analytical technology."
Jean-Sebastien Lavallee, Critical Elements' Chief Executive Officer, commented: "We are really excited to be able to work with GoldSpot to apply their exclusive technology to generate targets on our projects from geological and geochemical data, as well as more recent geophysical data acquired during our last survey. Resumption of exploration work on our different projects covering more than 700 km2 aiming to show the full potential is part of the development plan put in place by our team to become a large and responsible lithium producer."
Critical Elements' primary focus remains on advancing and de-risking the Rose Project. In February 2021, the Environmental and Social Impact Review Committee ("COMEX") held public hearing sessions in Matagami, Eastmain and Nemaska. As a follow-up to those public hearing sessions, the COMEX communicated to the Company a list of questions and undertakings based on the observations and comments expressed by the participants during the public hearing sessions. The Company is currently working on duly responding to those questions and fulfilling the undertakings set out in the COMEX's correspondence, which is part of the environmental and social impact assessment and review procedure. The COMEX's mission is to contribute to the protection of human health and the environment and the economic and social well-being of the peoples inhabiting the territory governed by the James Bay and Northern Quebec Agreement (JBNQA) that lies south of the 55th parallel. The Rose property (where the Rose Lithium-Tantalum Project is proposed) is located in northern Quebec's administrative region, on the territory of Eeyou Istchee James Bay. It is located on Category III land, on the Traditional Lands of the Cree Nation of Eastmain. Once the environmental and social impact assessment and review procedure is completed, the COMEX will make a recommendation in respect of the authorization of the Project by provincial authorities.
About GoldSpot Discoveries Corp.
GoldSpot Discoveries (TSXV: SPOT; OTCQX: SPOFF) is a technology services company in mineral exploration. GoldSpot is a leading team of expert scientists who merge geoscience and data science to deliver bespoke solutions that transform the mineral discovery process. In the race to make discoveries, GoldSpot produces Smart Targets and advanced geological modelling that saves time, reduces costs and provides accurate results.
About Critical Elements Lithium Corporation
Critical Elements Lithium Corporation aspires to become a large, responsible supplier of lithium to the flourishing electric vehicle and energy storage system industries. To this end, Critical Elements Lithium is advancing the wholly owned, high purity Rose lithium project in Quebec. Rose is our first lithium project to be advanced within a highly prospective land portfolio of over 700 square kilometers. In 2017, the Corporation completed a robust feasibility study on Rose Phase 1 for the production of high quality spodumene concentrate. The internal rate of return for the Project is estimated at 34.9% after tax, with a net present value estimated at C$726 million at an 8% discount rate. Capital parameters were confirmed in 2019 by Primero Group in the context of a Guaranteed Maximum Price under an Early Contractor Involvement agreement, as a prelude to an Engineering, Procurement and Construction process. Detailed engineering for Phase I is expected to conclude this year as we also deliver technical studies for Phase II, the conversion of spodumene concentrate to high quality lithium hydroxide. In our view, Quebec is strategically well-positioned for US and EU markets and boasts exceptional infrastructure including a low-cost, low-carbon power grid featuring 93% hydroelectricity. We have a strong, formalized relationship with the Cree Nation.
For further information, please contact:
Jean-Sebastien Lavallee, P. Geo.Chief Executive Officer819-354-5146jslavallee@cecorp.cawww.cecorp.ca
Cautionary statement concerning forward-looking statements
This news release contains "forward-looking information" within the meaning of Canadian Securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "scheduled", "anticipates", "expects" or "does not expect", "is expected", "scheduled", "targeted", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information contained herein include, without limitation, statements relating to the preparation of the Phase II engineering study, the results of such study and lithium hydroxide plant feed, capacity and production, mineral reserve estimates, mineral resource estimates, realization of mineral reserve and resource estimates, capital and operating costs estimates, the timing and amount of future production, costs of production, success of mining operations, the ranking of the Project in terms of cash cost and production, permitting, economic return estimates, power and storage facilities, life of mine, social, community and environmental impacts, lithium and tantalum markets and sales prices, off-take agreements and purchasers for the Corporation's products, environmental assessment and permitting, securing sufficient financing on acceptable terms, opportunities for short and long term optimization of the Project, and continued positive discussions and relationships with local communities and stakeholders. Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.
Although Critical Elements has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking information include, but are not limited to: the Phase II engineering study and additional pilot studies not producing the results anticipated my the Company, Critical Elements' ability to secure sufficient financing to advance and complete the Project, uncertainties associated with the Corporation's resource and reserve estimates, uncertainties regarding global supply and demand for lithium and tantalum and market and sales prices, uncertainties associated with securing off-take agreements and customer contracts, uncertainties with respect to social, community and environmental impacts, uncertainties with respect to optimization opportunities for the Project, as well as those risk factors set out in the Corporation's year-end Management Discussion and Analysis dated August 31, 2020 and other disclosure documents available under the Corporation's SEDAR profile. Forward-looking information contained herein is made as of the date of this news release and Critical Elements disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
Lithium Corporation Update
Press Release | 06/02/2021
ELKO, NV / ACCESSWIRE / June 2, 2021 / Lithium Corporation (OTCQB:LTUM) ("LTUM" or "the Company"), a North American corporation focused on energy metals for the growing energy storage sector and high-tech industries, wishes to update shareholders with respect to various activities and the status of the Altura Mining Limited (ASX:AJM) Joint Venture earn-in of a 60% interest in the Company's Fish Lake Valley lithium-in-brine prospect in Esmeralda County Nevada.
As outlined in our Apr 30, 2021 press release Altura has agreed to earn a 60% interest in the Fish Lake Valley prospect by conducting $2,000,000 worth of exploration work on the property, and paying LTUM $575,000 and issuing $400,000 worth of Altura common shares in staged payments over the next four years. Altura has paid the initial $50,000 following the signing of the Letter of Intent, and currently their geological and engineering staff are getting up-to-speed with respect to the technical aspects of the property, while we work towards a mutually acceptable formal agreement.
Meanwhile on Summa, LLC's (Lithium Corporation 25% interest) Hughes Tonopah option to Summa Silver Corporation (CSE:SSVR/OTC:SSVRF) SSVR recommenced work on the project in late April, and is diligently exploring the property with two rigs drilling presently. As a member of the optionee group LTUM is pleased with the progress made on the property to date, with over $4 million having been expended in 2020. Up until recently Lithium Corporation has been assisting on compilation and data collection for the economically significant Mill tailings and Mine dumps portion of the property. Summa Silver recently indicated that the preliminary work done to date has been significantly positive, and is moving forward with density, bench recovery and research into various other aspects or possible production techniques in support of eventually determining the contained resource and economics of producing the Silver and Gold contained therein.
The Company was hoping to kick off this year's fieldwork on our Yeehaw Titanium/Rare Earth Element property in British Columbia last month, but the continued closure of the international border due to the Corona Virus is creating issues on that account as upon crossing US resident staff would have to quarantine for 2 weeks prior to commencing the work planned for this field season. Indications are that cross border travel may become less restricted later this month, at which point the Company will commence work relatively immediately.
Finally, Lithium Corporation has been busy lately working on generative projects, and assessing third party lithium opportunities as they are presented to the Company, and recently had the undeniable pleasure of plunking down a deposit on an all-electric 2022 Ford F-150 Lightning pickup truck. The Company applauds Ford as the first major North American auto manufacturer to add full electrification to this significant segment of the automobile market, and anticipate it could be a huge boost to the overall penetration of electric automobiles into the North American market.
About Lithium Corporation
Lithium Corporation 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 Altura Mining for the past eight years. Website: www.lithiumcorporation.com.
Contact Info:
Tom Lewis, CEO
Lithium Corporation
775-410-5287
info@lithiumcorporation.com
About Altura Mining Limited
Altura Mining Limited is an ASX/OTC listed exploration and development company based in Perth, West Australia that is a significant investor in Lithium Corporation, and has been a collaborator with Lithium Corporation since 2012. Website: www.alturamining.com
About Summa Silver Corporation
Summa Silver Corporation is a CSE/OTC listed Lithium exploration and development company based in Vancouver, British Columbia. Website: www.summasilver.com
ELKO, NV / ACCESSWIRE / April 30, 2021 / Lithium Corporation (OTCQB:LTUM) ("LTUM" or "the Company"), a North American corporation focused on energy metals for the growing energy storage sector and high-tech industries, is pleased to announced it has recently signed a Letter of Intent (LOI) with Altura Mining Limited (AJM)(ALTAF), under which Altura has agreed to a Joint Venture earn-in of a 60% interest on the Company's Fish Lake Valley lithium-in-brine prospect in Esmeralda County Nevada.
Under the terms of the LOI Altura is to pay LTUM $50,000 USD within five days of signing, followed by a 60 day due diligence period. Subsequent to due diligence and the signing of a formal agreement (by July 31st or other mutually agreed date) Altura is to pay the Company a further $100,000 and issue the equivalent of $100,000 of Alturas common stock. Following this on each annual anniversary of the signing of the formal agreement, Altura is to:
1st Anniversary pay LTUM $100,000 and issue the equivalent of $100,000 shares
2nd Anniversary pay LTUM $125,000 and issue the equivalent of $100,000 shares
3rd Anniversary pay LTUM $150,000 and issue the equivalent of $100,000 shares
4th Anniversary pay LTUM $150,000 and issue the equivalent of $100,000 shares
Additionally Altura is to perform exploration and development work on the property in the value of:
Year 1 - $200,000
Year 2 - $400,000
Year 3 - $600,000
Year 4 - $800,000
On completion of the above Altura will be deemed to have earned a 60% interest in the Fish Lake Valley Project. Altura will have the option to accelerate earn-in at Fish Lake Valley, and after earn-in will have the option within 1 year of earn-in to purchase a further 20% interest in the property by paying LTUM $1,750,000. Also within two years of making the initial purchase of a portion of the Company's residual interest Altura may purchase LTUM's remaining 20% interest in the property for a further $1,750,000 at which point Lithium Corporation's interest in the property would revert to a 2.5% Net Smelter Royalty.
Altura is the single largest shareholder in Lithium Corporation, and the two companies have maintained an alliance since 2012. Tom Lewis, President and CEO of Lithium Corporation recently commented, "I am delighted that we are going to collaborate on Fish Lake Valley with Altura, after our long association with them, and believe this arrangement could usher in the dawn of a new era for lithium-in-brine exploration and development in the Great Basin". Under the guidance of James Brown the Managing Director of Altura, AJM/ALTAF has a history of development and mining, having raised in the order of $250,000,000 in the past decade, and owned various interests in several mines during this period. With Altura's proven ability to move properties from exploration through feasibility and into production, the Company eagerly anticipates developments at our Fish Lake Valley property."
About Lithium Corporation
Lithium Corporation 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 Altura Mining for the past eight years. Website: www.lithiumcorporation.com.
Contact Info
Tom Lewis, CEO
Lithium Corporation
775-410-5287
info@lithiumcorporation.com
About Altura Mining Limited
Altura Mining Limited is an ASX/OTC listed Lithium exploration and development company based in Perth West Australia. Website: www.alturamining.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
LTUM !! BEEN POUNDING THIS ALL DAY !! Great-gift-here.....gl
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