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. 

 

 

 

 

 

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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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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