This year’s program will focus on flake graphite mineralization discovered on the property during the brief program undertaken in 2013, while exploring other areas of the property that may also be prospective for hosting flake graphite mineralization.
"Starting our work program at Mt. Heimdal is a great way to continue momentum after the signing of the Asset Purchase Agreement with PATHION," stated Brian Goss, President of Lithium Corporation. "I would like to thank Mr. Lewis for his service in the Executive role at Lithium Corporation and will value his continued relationship as a Director. Tom put a lot of work into the PATHION Asset Purchase Agreement, and the closing of the Agreement will benefit our shareholders a great deal.
The agreement has allowed us to gain PATHION as a new business partner, and as a liquidity event the close of the agreement will deepen our treasury, and allow Lithium Corporation to continue creating value to shareholders. I look forward to my new roles with the company and continuing the execution of Lithium Corporation’s business plan; in the near term that will entail concurrently valuating our ownership share of Summa, LLC, as well as plan a generative and evaluation program aimed at building our portfolio of portable energy related mineral exploration properties."
Recently Lithium Corporation entered into an asset purchase agreement with PATHION Inc. whereby PATHION will purchase the Company’s BC Sugar, Fish Lake Valley, and San Emidio properties. This leaves Lithium Corporation to focus on its generative program exploring for new deposits of next-generation battery-related materials, while continuing to explore and evaluate the Hughes, and Mt Heimdal properties.
