On September 19, 2024, at 9:20 AM EDT, Lithium Corporation (OTCQB: LTUM), a mineral exploration company focusing on energy metals for the North American battery supply chain, provided an update on its exploration activities at the Las Pilas prospect in Elko, Nevada.
In the earlier part of 2024, Lithium Corporation acquired the newly staked Las Pilas property, which shows potential for hosting fluorspar mineralization. Fluorspar is a crucial component of the electric battery as it is used in the cathode, electrolyte, and anode. It also plays a significant role in processing silicon for solar panels.
The Las Pilas property has expanded to over 11,000 acres since April, with ongoing geochemical work and the discovery of a historic geochemical database that is aiding exploration efforts. Preliminary findings suggest the presence of fluorite mineralization associated with Nickel/Chromium +/- Rare Earth Elements (REE) in fluorcarbonates, similar to the Mountain Pass REE mine on the California-Nevada border.
The Company is encouraged by the progress made in exploration activities and is optimistic about completing the work before winter sets in. Should the fall of 2024 yield positive results, Lithium Corporation plans to expand its exploration program in the next field season.
Fluorine and fluorspar, considered critical minerals by both the United States and Canada, play a vital role in the electrification and low-carbon future. The demand for fluorspar in the lithium-ion battery sector is expected to exceed 1.6 million tonnes by 2030, according to Benchmark Minerals.
Lithium Corporation is dedicated to exploring energy storage resources in North America, with a focus on lithium prospects in Nevada and other critical minerals in British Columbia. The Company aims to secure a sustainable future through renewable energy sources.
For more information on Lithium Corporation’s projects and exploration efforts, visit their website at https://lithiumcorporation.com/projects/.
Contact:
Tom Lewis, CEO
775-410-5287
info@lithiumcorporation.com
Forward-looking statements in this press release are subject to inherent uncertainties associated with mineral exploration and obtaining financing. Actual results may differ due to various factors, and investors are advised to refer to the risk factors disclosure outlined in the Company’s reports filed with the Securities and Exchange Commission.
For the original source of this press release, visit https://www.newsfilecorp.com/release/223853.
