LAS VEGAS--(BUSINESS WIRE)--Lithium Corporation (OTCQB: LTUM) (the "Company") is pleased to announce that an exploration crew has recently been mobilized to explore its Mt Heimdal flake graphite property in British Columbia. This year’s program will focus on flake graphite mineralization discovered on the property during the brief program undertaken in 2013, while exploring other areas of the property that may also be prospective for hosting flake graphite mineralization.
“Starting our work program at Mt. Heimdal is a great way to continue momentum after the signing of the Asset Purchase Agreement with PATHION,” stated Brian Goss, President of Lithium Corporation. "I would like to thank Mr. Lewis for his service in the Executive role at Lithium Corporation and will value his continued relationship as a Director. Tom put a lot of work into the PATHION Asset Purchase Agreement, and the closing of the Agreement will benefit our shareholders a great deal. The agreement has allowed us to gain PATHION as a new business partner, and as a liquidity event the close of the agreement will deepen our treasury, and allow Lithium Corporation to continue creating value to shareholders. I look forward to my new roles with the company and continuing the execution of Lithium Corporation’s business plan; in the near term that will entail concurrently valuating our ownership share of Summa, LLC, as well as plan a generative and evaluation program aimed at building our portfolio of portable energy related mineral exploration properties."
Recently Lithium Corporation entered into an asset purchase agreement with PATHION Inc. whereby PATHION will purchase the Company’s BC Sugar, Fish Lake Valley, and San Emidio properties. This leaves Lithium Corporation to focus on its generative program exploring for new deposits of next-generation battery-related materials, while continuing to explore and evaluate the Hughes, and Mt Heimdal properties.
For further information with regard to Lithium Corporation, please contact Andy Dewey at Lithium Corporation at (775) 410-2206 or via email at firstname.lastname@example.org
About Lithium Corporation
Lithium Corporation is an exploration company based in Nevada devoted to the exploration for new battery-related resources throughout North America, looking to capitalize on opportunities within the ever expanding Lithium-Ion and next-generation battery markets. Lithium Corporation’s recent agreement with PATHION Inc., is the start of a new alliance with the up-and-coming battery producer. The Company also maintains a strategic alliance with Altura Mining, an ASX-listed coal producer who recently began production of Iron Ore from its Mt Webber property in Western Australia. Altura is currently searching for off-take contracts for its 100% owned world-class Pilgangoora lithium pegmatite property in Western Australia.
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, including but not limited to, any mineralization, exploration and development of our mineral properties, specifically in regards to any future drilling programs.
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.