Lithium Corporation – Pathion APA Extension
October 31 2014 - 7:00AM
Business Wire
[OTCBB – LTUM] Lithium Corporation is pleased to announce that
PATHION Inc. has negotiated an extension of the Asset Purchase
Agreement (APA) with our Company. PATHION now has until Jan 17,
2015 to fulfill its obligations under the APA.
PATHION is a privately held, vertically integrated energetic
applied materials and advanced battery technology company. Once
closed, the APA 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 Corporation
receives in PATHION leverages our company into the world of applied
materials and advanced batteries. This APA provides the groundwork
for continuing co-operation between the two companies and we
believe that Lithium Corporation’s association with PATHION will be
mutually beneficial in both the short and long-term.
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 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.
For further information with regard to Lithium Corporation,
please contact Tom Lewis at (775) 410-2206 or via email at
info@lithiumcorporation.com.
About PATHION, Inc.
PATHION is an energetic materials and advanced power device
company created to develop and commercialize applied materials and
battery products utilizing its proprietary processes and
technologies. PATHION has acquired the rights to key advanced
materials developed in the process of research and development at
Los Alamos National Laboratory (LANL). The company also is a
sub-recipient of an ARPA-E grant from the DOE to further develop
its fire resistant lithium, a solid-state advanced superionic
conductor (AdSIC) material, developed at LANL. PATHION is thus
uniquely positioned to provide critical power technology for a
broad array of devices that fundamentally change the way they
operate and their cost of operation.
For further information regarding PATHION Inc., please contact
Dave Hurley at (408) 484-9031 or via email at
dhurley@pathion.net.
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 exploring for value in the basic
materials sector with a primary focus on portable energy and energy
storage related materials, that any equity position Lithium
Corporation receives in PATHION will leverage our company into the
world of applied materials and advanced batteries, that the APA
will provide the groundwork for continuing co-operation between the
two companies, or that Lithium Corporation’s association with
PATHION will be mutually beneficial in both the short and
long-term.
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 CorporationTom Lewis,
775-410-2206info@lithiumcorporation.comorPATHION Inc.Dave Hurley,
408-484-9031dhurley@pathion.net
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