FOR IMMEDIATE RELEASE OTCQB: LTUM
Elko, NV – May 16, 2018 – Lithium Corporation (OTCQB:LTUM) (“LTUM” or “the Company”), a North American company focused on energy metals for the growing energy storage sector and high tech industries, is pleased to announce that it has commenced fieldwork on its prospects in Southern British Columbia.
The spring/summer 2018 field program will kick off on the Yeehaw Rare Earth property where initial prospecting and sampling last year discovered a 30 meter wide structure which was anomalous in REE’s and also was enriched with an average 0.90% titanium. The company has added a further claim to this area, and currently holds 8365 acres (3385 hectares) here. The initial program will consist of geological mapping, prospecting, orientation soil sampling, and petrographics.
Because of the continued strong price of Cobalt, and an anticipated spike in demand for Nickel due to the increase in consumption for the battery market, the Company also has been actively assessing Nickel – Cobalt +/- Copper deposits, and has recently acquired two smaller prospects in British Columbia that the Company intends to evaluate this summer.
About Lithium Corporation
Lithium Corporation is an exploration company based in Nevada devoted to the exploration for energy storage related resources throughout North America, looking to capitalize on opportunities within the ever expanding next generation energy storage markets. The Company maintains a strategic alliance with Altura Mining, an ASX listed natural resource development company that is currently developing its 100% owned world-class Pilgangoora lithium pegmatite property in Western Australia.
Contact Info
Tom Lewis, CEO
Lithium Corporation
info@lithiumcorporation.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.