What Lithium does

Lithium Corporation (OTCQB: LTUM) is a Nevada-based mineral exploration company operating as a Project Generator in North America's critical minerals sector. Incorporated in 2007 (originally as Utalk Communications Inc.) and rebranded in 2009, the company maintains a portfolio of early-stage prospects focused on lithium, rare earth elements, flake graphite, titanium, fluorspar, and antimony across two jurisdictions: Nevada, USA and British Columbia, Canada. Active projects include Fish Lake Valley, North Big Smoky, and San Emidio (Nevada lithium-in-brine) plus Las Pilas (REE/fluorspar), BC Sugar (graphite), and Yeehaw (Ti/REE) in British Columbia.

The company employs conventional mineral exploration techniques including gravity, magnetotelluric, and CSAMT geophysical surveys, geochemical sampling, direct push and sonic drilling, and brine sampling. It leverages in-house geological services through its affiliation with Rangefront Mining Services (founded by VP Business Development Brian Goss) and has explored Direct Lithium Extraction (DLE) processing via a bench-scale collaboration with Recion Technologies at San Emidio. Exploration findings to date include near-surface lithium-in-brine values of 140 mg/L with elevated boron and potassium at Fish Lake Valley, and graphite trenching intercepts of 69 m averaging 1.997% graphitic carbon at BC Sugar.

Lithium Corporation is pre-revenue and derives economics from option agreements and royalty interests rather than commercial production. Its model is to identify and acquire promising mineral properties, perform early-stage exploration, then partner with optionees who fund subsequent exploration in exchange for interest in the property. Lithium Corporation typically retains a Net Smelter Return royalty (e.g., 2.0% on Las Pilas, 3.5% on Fish Lake Valley South/North Big Smoky, 0.25% on Tonopah Tailings) while limiting its own capital outlays and shareholder dilution. The company is publicly traded on the OTCQB market under LTUM and files with the SEC (Commission File Number 000-54332).

Name

Lithium

Legal name

Lithium Corporation

Website

https://lithiumcorporation.com

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

1–10 employees

Short description

Lithium Corporation is a Nevada-based, OTCQB-listed mineral exploration company operating as a Project Generator in U.S. and Canadian critical minerals, focusing on lithium, rare earth elements, graphite, titanium, and fluorspar prospects funded primarily through option agreements and retained NSR royalties.

Ownership category

akta.pro rank

Product category

Mineral Exploration Services

SIC

Metal Mining (1000)

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industry

Critical Minerals Trading, Offtake & Marketing (IMAKAFAJ)

Keywords

• Mineral exploration services
• Critical minerals exploration
• Lithium brine exploration
• Rare earth elements exploration
• Project generator mining

Headquarters

HQ city

Elko

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Option Agreement Payments: Company enters option agreements where partners pay cash, issue shares, and fund exploration expenditures to earn interests in properties. Lithium Corporation retains royalty exposure while limiting capital requirements.
2. Net Smelter Return (NSR) Royalties: Company retains NSR royalties on optioned properties including 2.0% NSR on Las Pilas, 3.5% NSR on Fish Lake Valley South and North Big Smoky, 0.25% NSR on Tonopah Tailings via Summa LLC.
3. Exploration Work Funding: Partners fund exploration expenditures on optioned properties, with $600,000 committed by Ridgestone on Las Pilas and $2,000,000 committed by Morella on Fish Lake Valley earn-in.

Distribution channels1 record

Marketing channels4 records

Core offering

Lithium Corporation operates as a Project Generator in North America's critical minerals sector, identifying and acquiring promising mineral properties, performing early-stage exploration, and then partnering with optionees who finance further exploration to earn interests. The company's portfolio spans lithium-in-brine prospects in Nevada (Fish Lake Valley, North Big Smoky, San Emidio) and graphite, rare earth element, fluorspar, titanium, and antimony prospects in British Columbia, Canada (Las Pilas, BC Sugar, Yeehaw).

Product overview

Lithium Corporation operates as a mineral exploration company functioning as a Project Generator in North America's critical minerals sector. The company does not offer traditional software products but rather maintains a portfolio of mineral exploration projects and prospects. The company's exploration portfolio spans two world-class mining jurisdictions: three lithium prospects in Nevada, USA (Fish Lake Valley, North Big Smoky, San Emidio) and a diverse portfolio of titanium/rare earth elements, graphite, fluorspar, and antimony properties in British Columbia, Canada (Las Pilas, Yeehaw, BC Sugar). The company leverages exploration expertise to identify and develop energy metals prospects, then partners with optionees (such as Morella Corp., Ridgestone Mining Inc.) who earn interests through cash payments, share issuances, and exploration expenditures while Lithium Corporation retains royalty interests.

Differentiator

Problem solved

Functional benefit

Products and services

• Las Pilas Exploration Project Rare Earth Elements (REE) and Fluorspar exploration prospect located in Grand Forks Mining Division, south central British Columbia. Approximately 11,068 acres (4,779 hectares) with fluorite epithermal vein mineralization and REE in stream sediments. Adjacent to past-producing Rock Candy fluorspar mine. Currently under option agreement with Ridgestone Mining Inc.
• Fish Lake Valley Exploration Project Lithium-in-brine prospect located in northern Esmeralda County, Nevada, approximately 25 miles from Albemarle Silver Peak lithium mining operation. 100% ownership covers 2,200 acres (898 hectares) with 3.5% NSR on additional 3,833 acres (1,551 hectares). Near surface aquifers amenable to low cost, sustainable mining and processing methods. Demonstrated lithium values of 140mg/L with boron at 2500mg/L and potassium at 7200mg/L from near-surface brine sampling.
• North Big Smoky Exploration Project Lithium-in-brine exploration prospect located in Nye County, Nevada. Approximately 3,400 acres (1,375 hectares) with under-explored playa showing good indications of lithium at surface. Excellent access to transportation and power infrastructure. Subject to 2025 restructuring assigning 100% interest to Morella Corp. with Lithium Corporation retaining 3.5% NSR royalty.
• San Emidio Exploration Project Lithium-in-brine prospect located in Washoe County, northwestern Nevada. Approximately 1,040 acres (421 hectares) with good infrastructure including geothermal power produced on-site. Anomalous Li-in-brine to depths over 100 feet. Close to Tesla/Panasonic Gigafactory. Subject to Direct Lithium Extraction (DLE) bench-scale testing with Recion Technologies.
• BC Sugar Exploration Project Flake Graphite exploration prospect located in Okanagan Highlands east of Vernon British Columbia. Approximately 152.4 acres (61.67 hectares) with disseminated large flake graphite (battery grade material) in weathered matrix. Trenching uncovered 69m averaging 1.997% graphitic carbon, with 30m section averaging 2.73% and 12m section at 2.99%. Similar geologic setting as the Black Crystal operation.
• Yeehaw Exploration Project Titanium (Ti) and Rare Earth Elements (REE) exploration prospect located in Monashee Mountains, South Central British Columbia. Approximately 209 acres (84.64 hectares) with Ti/REE enriched lamprophyric dyke host rocks.

Quantifiable outcome

• Lithium Corporation has secured 13,092 acres at Las Pilas REE project with at least three distinct areas of anomalous REE mineralization
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Ridgestone Mining Inc. (OTCQB: RIGMF; TSX-V: RMI)coreStrategic or Co-development Partner · 6 January 2026Option agreement on Las Pilas REE prospect in southern British Columbia. Ridgestone will pay $315,000 cash, issue 500,000 shares, and fund $600,000 in exploration over three years to earn 100% interest. Lithium Corporation retains 2.0% NSR royalty.
• Morella Corp. (ASX: 1MC)coreStrategic or Co-development Partner · 16 July 2022Joint venture earn-in of 60% interest in North Big Smoky lithium-in-brine prospect through $500,000 equivalent in Morella stock and $1,000,000 exploration work over four years. September 2025 restructuring assigned 100% interest to Morella with 3.5% NSR retained by Lithium Corporation.
• Morella Corp. (ASX: 1MC)coreStrategic or Co-development Partner · 29 April 2021Joint venture earn-in of 60% interest in Fish Lake Valley lithium-in-brine property through $675,000 cash, $500,000 equivalent in Morella stock, and $2,000,000 exploration work over four years. Morella is Lithium Corporation's single largest shareholder with over 8% of common shares.
• Silver47 Exploration Corp. (TSX.V: AGA.V; OTCQX: AAGAF)minorStrategic or Co-development PartnerTechnical assistance with sampling and evaluation at Tonopah Tailings project in Nevada. Lithium Corporation retains 0.25% NSR royalty through its partial ownership in Summa, LLC.
• Summa, LLCcoreStrategic or Co-development PartnerLithium Corporation holds 25% membership interest in Summa, LLC which holds 100% interest in several fee title mining properties in Nevada including the Tonopah property. Summa retains 1% NSR (Lithium Corp's net share 0.25%) on Tonopah property optioned to Summa Silver Corp.

Scale indicators6 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• American Lithium Corp. Direct peer focused on lithium development in Nevada (TLNC, Falchani) and other North American properties. Operates with a similar exploration-stage model targeting lithium brines and claystones, often via JV and option structures, and is exposed to the same Nevada jurisdictional and Tesla Gigafactory tailwinds as Lithium Corporation.
• Cypress Development Corp. Direct peer exploring lithium claystone deposits in Clayton Valley, Nevada — adjacent to Albemarle's Silver Peak operation. Same jurisdiction, similar exploration-stage asset profile, and overlapping target market for development partners or acquirers.
• Standard Lithium Ltd. Direct peer pursuing lithium-in-brine extraction in North America (Smackover Formation in Arkansas and more recently projects in East Texas). Comparable direct lithium extraction (DLE) technology orientation and pre-revenue/development-stage business model.
• Surge Battery Metals Inc. Direct peer exploring for lithium claystone and battery metals in Nevada. Similar small-cap, exploration-stage profile with Nevada-focused assets and exposure to the same lithium demand thesis that drives Lithium Corporation's project generator pipeline.
• Spearmint Resources Inc. Direct peer exploring lithium and battery metals in Nevada. Small-cap, OTC-listed Canadian junior with a comparable project-generator posture and jurisdiction focus, competing for similar partner capital and JV optionality.
• International Lithium Corp. Direct peer small-cap lithium and rare metals explorer with project-generator characteristics, operating multiple early-stage lithium and battery metal properties. Similar asset profile and partnership-driven capitalization model.

Broad incumbents

• Albemarle Corporation: Broad incumbent — world's largest lithium producer operating Silver Peak in Nevada, which sits adjacent to Lithium Corporation's Fish Lake Valley and San Emidio claims. Represents the dominant end-state acquirer/partner for Nevada brine assets and validates the regional thesis.
• Sayona Mining Limited: Broader incumbent Australian-listed lithium developer (with Director James Brown on its board), providing a strategic and governance-level reference point. Comparable North American (Quebec) lithium assets and downstream partnership network relevant to Lithium Corporation's strategic positioning.

Emerging players

• Defense Metals Corp. Emerging player focused on rare earth element development at the Wicheeda project in British Columbia — directly comparable to Lithium Corporation's Las Pilas REE/fluorspar prospect. Same BC jurisdiction, similar pre-development stage, and overlapping critical minerals supply-chain thesis.
• Kraken Energy Corp. Emerging player in critical and battery metals exploration with overlapping management/board relationships (Brian Goss served as Interim CEO). Comparable exploration-stage profile and capital-markets orientation.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lithium-corporation
• Xx.com/LithiumCorpLi3

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lithium