Lithium Corporation (LTUM)
OTCQB OTCQB Primary Summary
Century Lithium CEO discusses rare earth recovery success - ICYMI
Century Lithium Corp. (TSX-V:LCE, OTCQX:CYDVF) CEO Bill Willoughby talked with Proactive about new test results confirming the company's potential to recover rare earth elements from its Nevada-based project. Willoughby discussed successful bench-scale tests carried out on the primary leach solution from Century Lithium's Angel Island lithium project.
Vulcan Energy Resources to Proceed With German Lithium Project
Construction is to start in days after the company secured funds for the initial development of a sustainable lithium project for Europe's electric-vehicle battery industry.
Century Lithium reports high recovery of rare earth elements at Nevada project
Century Lithium Corp. (TSX-V:LCE, OTCQX:CYDVF) said it has achieved high recovery rates of rare earth elements (REEs) from lithium leach solutions at its Angel Island project in Nevada, signaling potential for additional revenue streams alongside lithium production. Initial test work showed that REEs, including dysprosium, gadolinium, neodymium, and praseodymium, as well as critical metals such as scandium, lanthanum, and cerium, can be extracted with minimal impact on lithium recovery.
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Lithium Corporation Profile
| Metals & Mining Industry | Materials Sector | Mr. Thomas Lewis CEO | OTCQB Exchange | US5368041076 ISIN |
| US Country | - Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
Lithium Corporation is an exploration stage mining company focused on the identification, acquisition, and exploration of metal and mineral assets primarily located in Nevada and British Columbia. The company takes a keen interest in exploring a wide range of minerals, including lithium, boron, potassium, graphite, gold, and silver, alongside titanium and rare earth elements. Initially known as Utalk Communications Inc., the organization underwent a rebranding in September 2009 to better reflect its focus and changed its name to Lithium Corporation. Founded in 2007, the company is strategically headquartered in Elko, Nevada, positioning itself in proximity to some of its major exploration sites and projects in the United States.
Products and Services
- Lithium/Boron/Potassium Exploration: Lithium Corporation pursues the identification and exploration of sites rich in lithium, boron, and potassium. These elements are crucial in various industries, including renewable energy (lithium-ion batteries), agriculture (fertilizers), and others, making this exploration aspect critical for the company's growth and relevance in current markets.
- Graphite Exploration: The company also focuses on graphite exploration due to its significant applications in high-temperature lubricants, batteries, and the burgeoning electric vehicle market. Graphite is an essential component of many technologies and the demand is expected to rise as these technologies become more widespread.
- Gold and Silver Exploration: In addition to industrial minerals, Lithium Corporation explores for gold and silver deposits. These precious metals have enduring value and demand in the market, stemming from their use in jewelry, investment, and industrial applications.
- Titanium and Rare Earth Elements Exploration: The exploration for titanium and rare earth elements is part of the company's broader strategy to tap into critical resources needed for advanced technologies, aerospace, and defense industries. Rare earth elements, in particular, are vital for the production of high-strength magnets, batteries, and other technological applications, marking an area of significant potential growth for the company.
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