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Last $0.03 USD
Change Today -0.0044 / -12.09%
Volume 62.7K
LTUM On Other Exchanges
Symbol
Exchange
OTC US
Stuttgart
As of 8:10 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

lithium corp (LTUM) Key Developments

Lithium Corporation Receives Results from Preliminary Geophysical Surveys at the BC Sugar Flake Graphite Prospect in South Central British Columbia

Lithium Corporation announced that it has received the results from the preliminary geophysical surveys at the BC Sugar flake graphite prospect in south central British Columbia. Due to the survey being conducted so soon after the snow melt the Ground Penetrating Survey did not prove particularly useful, as the saturated sediments near surface attenuated or absorbed the bulk of the radar waves - both transmitted and received, so that the data was sub par on four of the five lines. However the GEM-2 electromagnetic survey did pick up the mineralized zone, exhibiting a robust, wide anomaly in the area of the Weather Station showing, where the Company has made application to the BC Ministry of Energy and Mines to trench this year. Additionally the EM survey appears to have determined that the zone does extend to the west of the above showing in areas where it has not been previously mapped due to coverage by glacio-fluvial till. Lithium Corporation is currently evaluating the benefits of possibly expanding on the data acquired from this program.

Lithium Seeks Property Acquisitions

Lithium Corporation (OTCPK:LTUM) announced the beginning of the field work of a generative program. The program is basically designed to evaluate the properties for potential acquisition. Properties will be evaluated by examining the soil and brine samples for prospective lithium mineralization.

Lithium Corp Mulls Acquisitions

Lithium Corporation (OTCPK:LTUM), which has entered into an agreement to sell its interests in the BC Sugar flake graphite property, is looking for futher acquisition opportunities. Altura Mining Limited (ASX:AJM) stated that at the conclusion of the deal, Lithium Corporation will be in a strong cash position to move forward with its current project portfolio as well as continuing to seek out suitable acquisition opportunities in North America.

Lithium Corporation Announces Executive Changes

On August 13, 2014, Tom Lewis resigned as president, secretary and treasurer of Lithium Corporation. Mr. Lewis remains as a member of board of directors. The resignation of Mr. Lewis was not the result of any disagreement with company regarding operations, policies, practices or otherwise. On August 13, 2014, it appointed Brian Goss as president, secretary and treasurer of company. Mr. Goss currently stands as a member of board of directors.

Lithium Corporation Announces Auditor Changes

Lithium Corporation announced that of Silberstein Ungar, PLLC, the principal accountant for their company joined the accounting firm of KLJ & Associates, LLP. As a result of the transaction Silberstein resigned as the independent registered public accounting firm and the company engaged KLJ as their independent registered public accounting firm.

 

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