UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) January 11,
2024
|
LITHIUM
CORPORATION |
|
(Exact
name of registrant as specified in its charter) |
|
Nevada |
|
000-54332 |
|
98-0530295 |
|
(State
or other jurisdiction of incorporation) |
|
(Commission
File Number) |
|
(IRS
Employer Identification No.) |
|
1031
Railroad St. Ste. 102B, Elko, Nevada |
|
89801 |
|
(Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s telephone number, including area code (775) 410-5287
Not applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
|
☐ |
Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425) |
|
☐ |
Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
☐ |
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
☐ |
Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
|
Title
of each class |
Trading
Symbol(s) |
Name of
each exchange on which registered |
|
Common
Shares |
LTUM |
OTC
Markets |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this
chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of
this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any
new or revised financial accounting standards provided pursuant to Section
13(a) of the Exchange Act. ☐
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Item 7.01 Regulation FD Disclosure
On January 11, 2024, the directors of Lithium Corporation (the
“Company”) determined that due to current adverse market conditions it would be
in the best interests of the Company to re-price an aggregate of 3,450,000
incentive stock options granted to consultants, directors and officers of the
Company, originally granted on September 23, 2010, now with an amended exercise
price of $0.04, to more closely reflect the closing price for the Company’s
common shares quoted on the OTC Markets on January 10, 2024 of $0.05.
Also on January 11, 2024, the Company granted an aggregate of 500,000
incentive stock options to a geological consultant of the Company at an
exercise price of $0.04, exercisable for a period of five years from the date
of grant.
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2 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
LITHIUM CORPORATION
|
Tom Lewis |
|
|
Tom Lewis |
|
|
President and Director |
|
Date: January 17, 2024
|
|
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3 |