Lithium Corporation Starts Exploration Work at Mt Heimdal Flake Graphite Property
August 28 2014 - 08:00AM
Business Wire
Lithium Corporation (OTCQB: LTUM) (the "Company") is pleased to
announce that an exploration crew has recently been mobilized to
explore its Mt Heimdal flake graphite property in British Columbia.
This year’s program will focus on flake graphite mineralization
discovered on the property during the brief program undertaken in
2013, while exploring other areas of the property that may also be
prospective for hosting flake graphite mineralization.
“Starting our work program at Mt. Heimdal is a great way to
continue momentum after the signing of the Asset Purchase Agreement
with PATHION,” stated Brian Goss, President of Lithium Corporation.
"I would like to thank Mr. Lewis for his service in
the Executive role at Lithium Corporation and will value his
continued relationship as a Director. Tom put a lot of work into
the PATHION Asset Purchase Agreement, and the closing of the
Agreement will benefit our shareholders a great deal. The
agreement has allowed us to gain PATHION as a new business
partner, and as a liquidity event the close of the agreement
will deepen our treasury, and allow Lithium
Corporation to continue creating value to shareholders. I look
forward to my new roles with the company and continuing the
execution of Lithium Corporation’s business plan; in the near term
that will entail concurrently valuating our ownership share of
Summa, LLC, as well as plan a generative and evaluation program
aimed at building our portfolio of portable energy related mineral
exploration properties."
Recently Lithium Corporation entered into an asset purchase
agreement with PATHION Inc. whereby PATHION will purchase the
Company’s BC Sugar, Fish Lake Valley, and San Emidio properties.
This leaves Lithium Corporation to focus on its generative program
exploring for new deposits of next-generation battery-related
materials, while continuing to explore and evaluate the Hughes, and
Mt Heimdal properties.
For further information with regard to Lithium Corporation,
please contact Andy Dewey at Lithium Corporation at (775) 410-2206
or via email at info@lithiumcorporation.com
About Lithium Corporation
Lithium Corporation is an exploration company based in Nevada
devoted to the exploration for new battery-related resources
throughout North America, looking to capitalize on opportunities
within the ever expanding Lithium-Ion and next-generation battery
markets. Lithium Corporation’s recent agreement with PATHION Inc.,
is the start of a new alliance with the up-and-coming battery
producer. The Company also maintains a strategic alliance with
Altura Mining, an ASX-listed coal producer who recently began
production of Iron Ore from its Mt Webber property in Western
Australia. Altura is currently searching for off-take contracts for
its 100% owned world-class Pilgangoora lithium pegmatite property
in Western Australia.
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,
including but not limited to, any mineralization, exploration and
development of our mineral properties, specifically in regards to
any future drilling programs.
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.
Lithium CorporationAndy Dewey,
775-410-2206info@lithiumcorporation.com
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