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LTUM on OTC

Lithium Corp

Lithium Corp is a metal mining company, listed on OTC (LTUM).1 It is headquartered in Elko, Nevada.1

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Last updated Oct 21, 2026.

Overview

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  • TickerLTUM on OTC1
  • IndustryMetal Mining1
  • HeadquartersElko, Nevada1
  • Business address1031 Railroad St. Ste. 102B, Elko, Nv 898012
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-119.5%Return on equity4

Financial statements

Revenue567894$0 in 2025
02019: $0$020192020: $0$020202021: $0$020212022: $0$020222023: $0$020232024: $0$020242025: $0$02025
Operating income567894-$648.3K in 2025−1% since 2019
-$1.5M-$1.0M-$500.0K02019: -$652.4K-$652.4K20192020: -$159.3K-$159.3K2020−76%2021: -$855.8K-$855.8K2021+437%2022: -$1.2M-$1.2M2022+44%2023: -$611.0K-$611.0K2023−51%2024: -$753.4K-$753.4K2024+23%2025: -$648.3K-$648.3K2025−14%
Net income567894-$495.8K in 2025+125% since 2019
-$2.0M-$1.5M-$1.0M-$500.0K02019: -$219.9K-$219.9K20192020: -$159.3K-$159.3K2020−28%2021: -$1.7M-$1.7M2021+995%2022: -$1.4M-$1.4M2022−18%2023: -$618.2K-$618.2K2023−57%2024: -$964.6K-$964.6K2024+56%2025: -$495.8K-$495.8K2025−49%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
REVENUE$0$0
Professional fees$75.3K$58.5K
Depreciation$7.3K$7.3K
Exploration expenses$45.6K$181.3K
Consulting fees - related party$394.0K$318.0K
Consulting fees$68.0K$119.4K
Transfer agent and filing fees$23.2K$21.3K
Travel$10.7K$19.6K
General and administrative expenses$24.3K$28.0K
TOTAL OPERATING EXPENSES$648.3K$753.4K
LOSS FROM OPERATIONS-$648.3K-$753.4K
Change in fair value of marketable securities$99.6K-$286.0K
Other income$53.0K$74.8K
TOTAL OTHER INCOME (EXPENSE)$152.5K-$211.2K
LOSS BEFORE INCOME TAXES-$495.8K-$964.6K
PROVISION FOR INCOME TAXES$0$0
NET LOSS-$495.8K-$964.6K
NET LOSS PER SHARE: BASIC AND DILUTED$0.00-$0.01
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED117.9M shares117.9M shares

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What it owns

What Lithium Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$6.3K4 Dec 31, 2025$13.7K4 Dec 31, 2024−53.7%

Investments

ItemLatestA year beforeChange
Marketable securities, current$316.6K4 Dec 31, 2025$217.0K4 Dec 31, 2024+45.9%

Properties, in its own words

Our corporate head office is located at 1031 Railroad St., Ste 102B, Elko Nevada 89801, our monthly rent is $500 paid to a Rangefront Geological, a related party, which also includes storage space for field gear. We also rent office and storage space in Richland WA in support of our Ti/REE, Graphite, Fluorspar and Antimony prospects in Southern British Columbia, which rent is also $500 per month. Additionally Lithium Corporation owns outright 2.3 acres (five lots) of undeveloped fee-title land in the town of Tonopah, NV.

Of our various property interests, we consider the Fish Lake Valley Property to be our material property interest.

The rest of Item 2

Fish Lake Valley Property

Lithium Corp’s flagship property is the Fish Lake Valley Project that is a lithium brine prospect - similar to the salars of Chile & Peru, and more importantly Albemarle’s Silver Peak lithium-in-brine facility in Clayton Valley Nevada, which is only approximately 25 miles to the southeast of our property. For decades Silver Peak has been the only lithium producing facility in North America. Production commenced at Silver Peak in 1966, and they have been producing lithium carbonate from brines on a continuous basis since. Lithium Corp’s Fish Lake Valley Project is in a highly analogous geologic setting and geothermal regime to Clayton Valley.

Fish Lake Valley Project in Esmeralda County, Nevada, west central Nevada USA consists of Lithium Corp’s 100% owned 297 placer claims totaling 10,972 acres (4,440 hectares). The prospect is a lithium/boron/potassium enriched playa (also known as a salar, salt marsh, or salt pan), with the area of greatest interest roughly centered at 417000E 4195550N (WGS 84). approximately 18 miles from the California border.

Map 1, Fish Lake Valley Project claim outline.

It is roughly 37 miles to the west-southwest of Tonopah Nevada, 37 miles north-northeast of Bishop California, and 174 miles to the northwest of Las Vegas Nevada, the largest population center in the region. Using the Public Land Survey System, the center of the property is Township 1S, Range 36E, Section 11, Mount Diablo Meridian.

Fish Lake Valley has not had mining production in the most recent three fiscal years although the property was developed as a borate producer in the late 1860’s, with the earliest record of production in 1873. Production by 1875 was in the order of 2 tons (1.814 tonnes) of concentrated borax daily. Operations ceased sometime prior to the 1900’s and there is no record of any further activity or exploration until the 1970’s, when interest in lithium brines was high due to the discovery and eventual development of the Silver Peak deposit in nearby Clayton Valley. During the 1970’s the USGS conducted some lithium focused exploration in the general area and drilled several holes on the periphery of the playa. During the 1980’s US Borax discovered the Cave Springs boron/lithium clay deposits which are several kilometers to the east of the Fish Lake Valley playa. These deposits were called the Borate Hills and were being explored during 2011 by American Lithium Minerals, Inc. in a joint venture with Japan Oil and Gas (JOGMEC). Recently the property has been renamed as the Rhyolite Ridge Lithium-Boron Project that is currently being developed by an Australian explorer, Ioneer Limited.

While Fish Lake Valley has seen sporadic exploration since the 1970’s no modern processing facilities exist in Fish Lake Valley. The ruins from Francis “Borax” Smith’s Pacific Borax plant on the west side of the playa at Fish Lake Valley dating to the 1870’s are still visible here, as are the dumps, and some scattered equipment from one of his later ventures on the south end of the playa.

The property was originally held under a mining lease purchase agreement dated June 1, 2009, between Nevada Lithium Corporation, and Nevada Alaska Mining Co. Inc., Robert Craig, Barbara Craig, and Elizabeth Dickman. Nevada Lithium issued to the vendors $350,000 worth of common stock of our company in eight regular disbursements. All disbursements were made of stock worth a total of $350,000, and claim ownership was transferred to our company.

The geological setting at Fish Lake Valley is highly analogous to the salars of Chile, Bolivia, and Peru, and more importantly Clayton Valley, where Albemarle has its Silver Peak lithium-brine operation. Lithium-enriched Tertiary-era Fish Lake formation rhyolitic tuffs or ash flow tuffs have accumulated in a valley or basinal environment. Over time interstitial formational waters in contact with these tuffs, have become enriched in lithium, boron and potassium which could possibly be economic, and amenable to production by evaporative or direct lithium extraction (DLE) methods.

Item 2 of the 10-K filed Mar 31, 2026.3

Leadership

Who has led Lithium Corp, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Alexander Richard Walsh2014

President

  1. Mazen Hleiss2009
  2. Alexander Richard Walsh2014
2010201520202025
Board members and other officers (9)

Former names

  • Utalk Communications Inc.Dec 21, 2007 to Sep 2, 20092

Timeline

  1. Jan 17, 20248-K Regulation FD disclosure20
  2. Jan 30, 20238-K Regulation FD disclosure21
  3. May 17, 20228-K Regulation FD disclosure22
  4. Aug 11, 2014New chief executive Alexander Richard Walsh becomes CEO12

Filings

49 filings to the SEC since October 2021: 6 annual reports, 16 quarterly reports, 3 major events, 24 other. The latest 20:

  1. Aug 14, 202610-Q EDGAR
  2. May 15, 202610-Q EDGAR
  3. Mar 31, 202610-K EDGAR
  4. Nov 20, 2025S-8 EDGAR
  5. Nov 14, 202510-Q EDGAR
  6. Aug 14, 202510-Q EDGAR
  7. May 15, 202510-Q EDGAR
  8. Apr 2, 202510-K EDGAR
  9. Mar 31, 2025NT 10-K EDGAR
  10. Feb 5, 2025UPLOAD EDGAR
  11. Feb 4, 2025CORRESP EDGAR
  12. Jan 31, 2025UPLOAD EDGAR
  13. Jan 29, 2025CORRESP EDGAR
  14. Jan 21, 202510-K/A FORM 10-K EDGAR
  15. Jan 15, 202510-Q/A EDGAR
  16. Dec 10, 2024UPLOAD EDGAR
  17. Nov 14, 202410-Q EDGAR
  18. Aug 19, 202410-Q EDGAR
  19. Aug 14, 2024NT 10-Q EDGAR
  20. May 15, 202410-Q EDGAR

The 49 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How Lithium Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLithium Corp1
  • CIK0001415332
  • Employer ID (EIN)98-05302953
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inNevada3
  • Fiscal year endsDecember 311
  • Industry code (SIC)1000 Metal Mining1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address1031 Railroad St. Ste. 102B, Elko, NV 898011
  • Phone775-410-52871
  • Shares outstanding117,892,441 as of Aug 14, 202611
  • Public float$4.8M as of Jun 30, 20253
  • AuditorM&K CPAS, PLLC, The Woodlands, TX PCAOB ID 27383
  • On EDGAR sinceDec 21, 20071
  • Filings192 in all: 10-Q (56), 8-K (33), 10-K (18), NT 10-Q (15), NT 10-K (13), 4 (10), 3 (7), 424B3 (5)1
    All 24 form types

    EFFECT (5), 10-Q/A (4), POS AM (4), UPLOAD (4), CORRESP (3), S-8 (3), 10-K/A (2), SC 13D (2), 10KSB (1), 5 (1), 8-A12G (1), S-1 (1), S-1/A (1), S-8 POS (1), SB-2 (1), SC 13G (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Latest 8-K (8-K) Jan 17, 2024

Securities registered for trading

ClassSymbolExchange
LTUM

From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks Lithium Corp names in Item 1A of its 10-K filed Mar 31, 2026: 9 risks under these headings, as written.3

  • Risks Associated with Mining
  • All of our properties are in the exploration stage. There is no assurance that we can establish the existence of any mineral resource on any of our properties in commercially exploitable quantities. Until we can do so, we cannot earn any revenues from operations and if we do not do so we will lose all of the funds that we expend on exploration. If we do not discover any mineral resource in a commercially exploitable quantity, our business could fail.
  • Mineral operations are subject to applicable law and government regulation. Even if we discover a mineral resource in a commercially exploitable quantity, these laws and regulations could restrict or prohibit the exploitation of that mineral resource. If we cannot exploit any mineral resource that we might discover on our properties, our business may fail.
  • If we establish the existence of a mineral resource on any of our properties in a commercially exploitable quantity, we will require additional capital in order to develop the property into a producing mine. If we cannot raise this additional capital, we will not be able to exploit the resource, and our business could fail.
  • Mineral exploration and development is subject to extraordinary operating risks. We do not currently insure against these risks. In the event of a cave-in or similar occurrence, our liability may exceed our resources, which would have an adverse impact on our company.
  • Mineral prices are subject to dramatic and unpredictable fluctuations.
  • The mining industry is highly competitive and there is no assurance that we will continue to be successful in acquiring mineral claims. If we cannot continue to acquire properties to explore for mineral resources, we may be required to reduce or cease operations.
  • Risks Related to our Company
  • The fact that we have not earned any operating revenues since our incorporation raises substantial doubt about our ability to continue to explore our mineral properties as a going concern.
  • Risks Associated with Our Common Stock
  • Trading on the OCTQB may be volatile and sporadic, which could depress the market price of our common stock and make it difficult for our stockholders to resell their shares.
  • Our stock is a penny stock. Trading of our stock may be restricted by the Securities and Exchange Commission’s penny stock regulations and FINRA’s sales practice requirements, which may limit a stockholder’s ability to buy and sell our stock.
The other 0 risks
  • Trends, Risks and Uncertainties

Legal proceedings

From time to time, we may become involved in litigation relating to claims arising out of its operations in the normal course of business. We are not involved in any pending legal proceeding or litigation, and to the best of our knowledge no governmental authority is contemplating any proceeding to which we are a party or to which any of our properties is subject, which would reasonably be likely to have a material adverse effect on us.

The opening of Item 3, Legal Proceedings.3

Sources

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