Lithium Corp

Lithium Corp signed a new farm-in letter of intent on Fish Lake Valley, this time with Altura Mining, which can earn up to 60% through staged cash/share payments and $2 million of work over four years - the 2016 earn-in with 1032701 B.C. Ltd on the same property evidently never completed, since Lithium still held it outright.

material agreement

Lithium Corp signed a $10.3 million equity line of credit with Lincoln Park Capital, giving it the right (not the obligation) to sell shares to Lincoln Park at a discount over three years; it drew an initial $160,000 and issued Lincoln Park 1.4 million commitment shares.

capital raising announcement

Lithium Corp struck a similar earn-in deal for its San Emidio property with 1067323 Nevada Ltd and 1067323 B.C. Ltd, who can earn up to 80% by paying $100,000, issuing shares and spending $600,000 on exploration over three years.

material agreement

Lithium Corp signed a new earn-in agreement letting 1032701 B.C. Ltd earn up to an 80% interest in the Fish Lake Valley lithium brine property it had failed to sell outright to Pathion a year earlier, through $300,000 in payments, shares and $1.1 million of exploration work over three years.

material agreement

Lithium Corp terminated the Pathion asset-sale agreement after Pathion again failed to close, keeping its Fish Lake Valley, San Emidio and BC Sugar properties.

material agreement termination

Lithium Corp's August 2014 agreement to sell its Fish Lake Valley, San Emidio and BC Sugar properties to Pathion Inc has been repeatedly delayed as Pathion defaulted on the closing schedule; Lithium eased some default terms rather than walk away yet.

material agreement

Lithium Corp took a 25% stake in newly formed Summa LLC, a joint venture with All American Resources and TY & Sons Investments, contributing $125,000 in cash and services.

material agreement

Lithium Corp took an option - via a related-party agreement with its own president, Tom Lewis - to acquire 100% of the Mount Heimdal flake graphite property in British Columbia, its first move beyond lithium.

material agreement

Lithium Corp closed a $2 million private placement, selling 2 million units (one share plus a warrant each) at $1.00 per unit to three non-US investors.

capital raising announcement

The reverse merger closed: Lithium Corporation issued 12.35 million shares for all of Nevada Lithium Corporation's stock, ceased to be a shell company, and switched auditors from Malone & Bailey to Maddox Ungar Silberstein.

business combination

Utalk Communications, an inactive Nevada shell company, agreed to acquire privately-held Nevada Lithium Corporation by reverse merger and rename itself Lithium Corporation.

business combination