Last $0.06 USD
Change Today +0.005 / 9.09%
Volume 193.5K
LTUM On Other Exchanges
As of 8:10 PM 07/28/14 All times are local (Market data is delayed by at least 15 minutes).

lithium corp (LTUM) Key Developments

Lithium Corporation Announces Executive Changes

On May 30, 2014, John Hiner resigned as a director and as vice president of exploration of Lithium Corporation. The resignation of Mr. Hiner was not the result of any disagreement with company regarding operations, policies, practices or otherwise. On May 30, 2014, the company appointed Brian Goss as a director of company. Mr. Goss has served as President, Chief Executive Officer, Chief Financial Officer, Treasurer and a Director of Graphite Corp. since July 9, 2012.

Lithium Corporation announced delayed 10-Q filing

On 05/16/2014, Lithium Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Lithium Corporation announced delayed annual 10-K filing

On 04/01/2014, Lithium Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Lithium Corporation Receives San Emidio Drill Permit Approval

Lithium Corporation announced that it has recently received approval from the Bureau of Land Management for its application to amend its permit on its San Emidio Lithium property. The company intends to drill up to three deeper lithium brine tests in an area on the San Emidio playa where lithium enriched brines have been encountered at shallower depths. Drilling will occur in the area of a lithium-in-brine anomaly outlined by two drilling programs in 2012. This anomaly is approximately 3 miles long, and 0.6 miles wide at its widest point. The peak value seen within the anomaly is 23.7 mg/l lithium, which is 10 to 20 times background levels seen outside the anomaly. The company believes that the playa at San Emidio may be conducive to the formation of a Silver Peak style lithium brine deposit. Past drilling may indicate that the anomaly occurs at or near the intersection of several faults that may have created the structural setting necessary for the formation of a lithium-in-brine deposit at depth. The company is currently negotiating with drilling contractors, and ground conditions permitting, the company intends to begin drilling this prospect in the second quarter 2014.

Lithium Corporation Wraps Up 2013 Exploration

Lithium Corporation announced that it has received final assays from its October prospecting and geological program at its BC Sugar property in British Columbia. The company has recently increased the size of the property to roughly 19,664 acres (7,957 hectares). Prospecting and geological work has been ongoing at the property since the company started assembling a land position in June, and several graphite prospects have been discovered in a belt of metamorphic rocks which stretches at least 8 miles (13 kms) through the claim block. In the latest round of work, prospecting increased the area known to be underlain by graphitic bearing gneisses, and further evaluations were made in the area of the Sugar Lake, Weather Station, and Taylor Creek showings. In the general vicinity of the Weather Station showing a further 13 samples were taken, and hand trenching was performed at one of several outcrops in the area. In the trench a 5.2 meter interval returned an average of 3.14% graphitic carbon, all in an oxidized relatively friable gneissic host rock. Additionally a hydrothermal or vein type mineralized graphitic quartz boulder was discovered in the area which graded up to 4.19% graphitic carbon. The source of this boulder was not discovered during the latest round of work. Samples representative of the mineralization encountered here were taken for petrographic study, and also for studies relating to the qualities of the graphite flakes.


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