Lithium Corporation Presidents Letter to Shareholders
September 16 2014 - 7:00AM
Business Wire
These are exciting times for Lithium Corporation [OTCQB – LTUM].
The close of our first Asset Sale is pending, and it appears that
the battery manufacturing industry is strengthening in the US.
I am referring to our Asset Purchase Agreement (APA) with
PATHION, a privately held vertically integrated energetic applied
materials and advanced battery technology company, and the recent
news made public that Tesla Motors, Inc. has chosen a site in
northern Nevada to commence the construction of its battery
manufacturing “gigafactory”. These two pieces of news together
highlight that Lithium Corporation is actively involved in a
rapidly changing and growing sector of the economy.
Our agreement with PATHION will provide us with capital to
continue exploring for value in the basic materials sector with a
primary focus on portable energy and energy storage related
materials. Additionally, the equity position Lithium Corp. receives
in PATHION leverages our Company into the world of applied
materials and batteries. We strongly feel that PATHION is going to
be a major player in this field and that Lithium Corporations’
association with them will be mutually beneficial in both the
short-and-long term.
Lithium Corporation views the recent news released that Tesla
has selected a site outside of Reno, Nevada as the site for their
battery “gigafactory” as a very positive advancement for our
Company and for the future of exploration for lithium and graphite
deposits in the Great Basin, and North America in general. The
proximity of our properties and exploration efforts to the location
of the proposed Tesla factory could give our Company an advantage
with respect to establishing a role in the supply chain. We are of
the opinion that Tesla considered the proximity of the necessary
materials such as lithium when choosing the “gigafactory” site;
this assures us that we have been searching in the right areas, and
pleases us that the value of our exploration database has been
enhanced. It is also quite likely that the location of this factory
(the only one of its sort in North America) will increase the
likelihood for Nevada to soon become an innovation center for
battery research and development; such a situation has potential to
create a hub of activity and an environment that will attract
potential future business partners for Lithium Corporation.
The PATHION relationship affords Lithium Corporation more
insight with respect to Research and Development at a time that
battery technology is rapidly changing. We might be remiss if we
were to not expand our horizons and entertain the possibility that
there may be other early-stage opportunities with respect to
commodities that researchers may only now be identifying as
necessary for evolving battery technologies. Recent press from
Tesla and others indicate that there could very well be the need
for several battery “super factories” in North America. It is
likely not all of these will only be geared towards Lithium-Ion
battery production, as it has become apparent that the Lithium-Ion
battery may not be the be-all-end-all with respect to a number of
applications. For instance, the rapid pace of adoption of diurnally
sensitive power generation (solar, wind, tide) has necessitated the
development of more appropriate larger scale or differing
architecture or chemistry batteries such as the Aluminum-Air,
Vanadium Redox, or Graphene Super-capacitor. It is the Company’s
intention in the future to judiciously allocate resources to
determining what opportunities might exist with respect to the
variety of resources that might be necessary should any up and
coming battery technology experience large scale acceptance.
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
For further information regarding PATHION Inc. please contact
Dave Hurley at (408) 484-9031 or via email at
dhurley@pathion.net
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 the construction of the Tesla Motors,
Inc. site in northern Nevada for battery manufacturing “, that the
proximity of our properties and exploration efforts to the location
of the proposed Tesla factory could give us an advantage with
respect to establishing a role in their supply chain, that Nevada
may become an innovation center for battery research and
development, or that this may attract potential future business
partners for Lithium Corporation.
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.comorPATHION Inc.Dave Hurley,
408-484-9031dhurley@pathion.net
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