Lithium Corporation Amends Option Agreement
Elko, Nevada (FSCwire) - Lithium Corporation (OTCQB:LTUM) (“LTUM” or “the Company”), a North American company focused on energy metals for the growing energy storage sector and high tech industries, is pleased to announce that it has amended the agreement on the Yeehaw, Michael and Three Valley Gap Tantalum/Niobium/Rare Earth Element (REE) properties in British Columbia.
Lithium Corporation has informed Bormal Resources that while the Company is excited to continue on with the Yeehaw REE property, it will no longer seek to earn any interest in the Michael, and Three Valley Gap properties under the March 17th 2017 option agreement. The parties have agreed to decrease the final tranche of shares of the Company to be issued as stipulated in the agreement from 750,000 to 400,000. Once the shares have been issued Lithium Corporation will have earned its 100% interest in the Yeehaw property. Recently the Company increased its landholding here from 3,137 acres to over 8,355 acres, and is currently planning its Spring/Summer 2018 work program.
About Lithium Corporation
Lithium Corporation is an exploration company based in Nevada devoted to the exploration for energy storage related resources throughout North America, and looking to capitalize on opportunities within the ever expanding next generation energy storage markets. The Company maintains a strategic alliance with Altura Mining, an ASX listed natural resource development company that is currently developing its 100% owned world-class Pilgangoora lithium pegmatite property in Western Australia.
Tom Lewis, CEO
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.
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.
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Source: Lithium Corp. (OTCQB:LTUM)
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