Past year: ▼ 51%(4.50c – 11.8c USD)
Each one in plain English, with the numbers worked through for a shareholder.
4 May 2021material agreement▲ GoodMajor
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.
28 Jan 2021capital raising announcement● NeutralMajor
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.
11 May 2016material agreement▲ GoodMajor
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.
15 Mar 2016material agreement▲ GoodMajor
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.
29 Jan 2015material agreement termination▼ BadMajor
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.
17 Dec 2014material agreement▼ BadMajor
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.
30 July 2014auditor change● Neutral
Lithium Corp switched auditors from Silberstein Ungar to KLJ & Associates after Silberstein's principals moved firms - a routine succession, not a dispute over the books.
29 Apr 2014material agreement● NeutralMajor
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.
12 June 2013asset acquisition disposition● Neutral
Lithium Corp bought a 20.57-hectare claim in the Cherryville area of British Columbia from Herb Hyder for 250,000 shares and staked another 1,358 hectares around it, expanding its new British Columbia exploration ground.
22 Apr 2013material agreement● NeutralMajor
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.
15 Mar 2013capital raising announcement● Neutral
Lithium Corp staked additional claims at its Fish Lake Valley property in Nevada and repriced underwater director/officer/consultant stock options down to $0.045 per share.
28 Nov 2012capital raising announcement▼ Bad
Lithium Corp raised $550,000 in a private placement, issuing 11 million units at $0.05 each - a fraction of the $1.00 unit price from its 2010 raise, reflecting how far the stock had fallen.
What it means for a shareholder
11.0m new shares at US$0.050 to raise about US$550,000. That's 15% dilution: every existing holder's slice gets 15% smaller. If you held US$1,000 of shares (20,000 at the issue price), your slice goes from 0.0314% to 0.0268% of the company. To keep it you'd need 3,456 more shares - about US$173 at the issue price.
Create a free account to see this worked out for your own holding.
13 Oct 2010capital raising announcement● Neutral
Lithium Corp granted 1.3 million stock options to directors, officers and consultants under its 2009 stock plan, exercisable at $0.24-$0.28 per share.
25 Mar 2010capital raising announcement▲ GoodMajor
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.
26 Oct 2009business combination▲ GoodMajor
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.
2 Sept 2009business combination▲ GoodMajor
Utalk Communications, an inactive Nevada shell company, agreed to acquire privately-held Nevada Lithium Corporation by reverse merger and rename itself Lithium Corporation.
