Lithium Corporation operates as an exploration stage mining company.
The company engages in the identification, acquisition, and exploration of metals and minerals with a focus on lithium mineralization on properties located in Nevada; and graphite and other energy metals properties in British Columbia.
The company’s operational focus is to conduct generative exploration activities in Nevada, and on its titanium/REE and graphite properties, in British Columbia.
In April 2016, the company esta...
Lithium Corporation operates as an exploration stage mining company.
The company engages in the identification, acquisition, and exploration of metals and minerals with a focus on lithium mineralization on properties located in Nevada; and graphite and other energy metals properties in British Columbia.
The company’s operational focus is to conduct generative exploration activities in Nevada, and on its titanium/REE and graphite properties, in British Columbia.
In April 2016, the company established a wholly owned subsidiary called Lithium Royalty Corp. The subsidiary was a Nevada Corporation and was the entity through which it had planned to build a portfolio of lithium mineral properties. Lithium Royalty Corp acquired through staking the North Big Smoky Prospect, a block of placer mineral claims in Nye County Nevada. On May 13, 2016, the company’s wholly owned subsidiary sold 100% of the interest in the North Big Smoky Property through a Property Acquisition Agreement with 1069934 Nevada Ltd. (Purchaser), a private company. This area was subsequently re-staked by Lithium Corporation in March 2022, and optioned to Morella Corporation, a related company, who have completed Controlled Source Audio-Magnetotelluric (CSAMT) and Sediment Geochemical surveys on the property in 2022.
On April 29, 2021, the company signed a Letter of Intent (LOI) with Altura Mining Limited (now Morella Corporation after a name change), an Australian Lithium explorer and developer and related party, whereby Morella can earn a 60% interest in the Fish Lake Valley lithium-in-brine property in Esmeralda County, Nevada.
On September 16, 2021, the company signed an agreement with Surge Battery Metals whereby Surge could have earned an 80% interest in its San Emidio lithium-in-brine prospect in Washoe County Nevada. In Fall 2022, the company completed a Controlled Source Audio- Magnetotelluric (CSAMT) survey on the property, and is considering next steps with respect to exploring and developing this property.
Mineral Properties
Fish Lake Valley Property
Fish Lake Valley is a lithium/boron/potassium enriched playa (also known as a salar, or salt pan), which is located in northern Esmeralda County in west central Nevada. After staking numerous new claims in 2016, the company holds 143, nominally 80-acre Association Placer claims that cover approximately 11,360 acres (4,597 hectares).
San Emidio Property
The San Emidio property, located in Washoe County in northwestern Nevada, was acquired through the staking of claims in September 2011. The twenty, 80-acre, Association Placer claims currently held here cover an area of approximately 1,600 acres (640 hectares). Ten claims in the southern portions of the original claim block that was staked in 2011 were allowed to lapse on September 1, 2012, and a further ten claims were then staked and recorded. These new claims are north of and contiguous to the surviving claims from its earlier block. In 2015 eight claims were allowed to lapse, but then in 2016 a further 10 claims were staked and recorded. The property is approximately 65 miles north-northeast of Reno, Nevada, and has excellent infrastructure.
BC Sugar Flake Graphite Property
On June 6, 2013, the company entered into a mining claim sale agreement with Herb Hyder wherein Mr. Hyder agreed to sell to the company a 50.829 acre (20.57 hectare) claim located in the Cherryville area of British Columbia. In addition to the acquired claim, the company staked or acquired another 13 claims at various times over the subsequent months, to bring the total area held under tenure to approximately 19,816 acres (8,020 hectares).
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 and infrastructure, with a considerable network of logging roads within the project area.
The Hughes Claims
Effective April 23, 2014, the company entered into an operating agreement with All American Resources, LLC and TY & Sons Investments Inc. with respect to Summa, LLC, a Nevada limited liability company incorporated on December 12, 2013. Through the company’s 25% membership interest in Summa, LLC, it holds an indirect interest in a number of patented mining claims that spring from the once considerable mineral holdings of Howard Hughes’s Summa Corp.
The company participated in the formation of Summa, which holds 88 fee-title patented lode claims that cover approximately 1,191.3 acres of prospective mineral lands. The company’s company signed a joint operating agreement with the other participants in Spring 2014 to govern the conduct of Summa, and the development of the lands.
The Hughes lands are situated in six discrete prospect areas in Nevada, the most notable of which being the Tonopah block in Nye County where Summa holds 56 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. The Hughes claims include a number of the prolific past producers in Tonopah, such as the Belmont, the Desert Queen, and the Midway mines. In addition, there are claims in the area of the past producing Klondyke East mining district, which is to the south of Tonopah, and at the town of Belmont (not to be confused with the Belmont claim in Tonopah), Nevada, another notable silver producer from the 1800’s, which is roughly 40 miles to the northeast of Tonopah.
North Big Smoky Property
During the period 2011 through 2012, the company conducted geophysical, and geochemical work on BLM lands in North Big Smoky Valley, Nye County Nevada, in an area that proved to be geochemically anomalous, both in sediment and brines. The geological setting in this area is quite similar to that at the company’s other brine prospects, and Clayton Valley to the southwest of here, and had experienced some geothermal and petroleum exploration in the past. In April of 2016 Lithium Royalty Corp (a wholly owned subsidiary through which the company had planned to build a portfolio of lithium mineral properties) acquired through staking the North Big Smoky Prospect, a block of placer mineral claims in Nye County Nevada. On May 13, 2016, its wholly owned subsidiary sold 100% of the interest in the property to 1069934 Nevada Ltd. (Purchaser) a private company. 1069934 B.C. Ltd, and retained a royalty on the property. No appreciable work was done and by agreement dated September 13, 2017, the company agreed to sell back the shares of 1069934 Nevada Ltd. to San Antone Minerals Corp (successor corporation) who subsequently allowed the claims here to lapse. This area was subsequently re-staked by Lithium Corporation in March 2022, and optioned to Morella Corporation, a related company, who have completed Controlled Source Audio-Magnetotelluric (CSAMT) and Sediment Geochemical surveys on the property in 2022.
On May 24, 2022, the company signed a Letter Of Intent (LOI) with Morella Corporation, an Australian Lithium explorer and developer, and related party, whereby Morella can earn a 60% interest in the Big North Smokey property.
British Columbia Tantalum/REE/Titanium Properties
The company conducted fieldwork on the Michael, and Yeehaw properties during summer 2017. The company has dropped any further interest in both the Michael and Three Valley Gap properties, and has earned its 100% interest in the Yeehaw property. The company is in the planning stages for field season 2023.
Intellectual Property
The company does not have any intellectual property, other than its domain name and website, www.lithiumcorporation.com.
History
The company was incorporated under the laws of the state of Nevada in 2007. It was formerly known as Utalk Communications Inc. and changed its name to Lithium Corporation in 2009.
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