ELKO, NV / ACCESSWIRE / June 11, 2019 / 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 it recently commenced fieldwork on its Yeehaw titanium/rare earth prospect in Southern British Columbia.
Rare Earth Elements (REE's) are currently receiving a lot of attention in the media due to the possibility China, by far the world's largest producer of REE's, may impose quotas on their export, as a retaliatory measure for the tariffs imposed by the current administration on a wide range of Chinese goods. Additionally, the US government recently identified REE's as elements critical to sustained development of the nation's tech industry, and are currently studying ways to enhance or increase domestic production, and diversify supply. Lithium Corporation identified this as an opportune time to further its Yeehaw Rare Earth project in southern British Columbia, where the Company previously discovered titanium/rare earth element mineralization. The 2019 program will consist of geological mapping, prospecting, and petrographics, building off the work performed during the previous two field seasons.
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 ramping up production at its 100% owned world-class Pilgangoora lithium pegmatite property in Western Australia. Website: www.lithiumcorporation.com
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.
SOURCE: Lithium Corporation