Lithium Corp SEC 10-Q Report

Lithium Corp, a company engaged in the exploration and development of lithium and other mineral resources, has released its Form 10-Q report for the second quarter of 2025. The report provides a detailed overview of the company's financial performance and operational activities, reflecting its ongoing efforts in exploration and potential future revenue streams.

Financial Highlights

Revenue: $0. The company has not earned any revenues since inception and does not anticipate earning revenues in the upcoming quarter.

Net Income (Loss): $(155,845). The net loss for the three months ended June 30, 2025, was $55,246 less than the net loss for the same period in 2024, primarily due to a decrease in exploration expenses and change in fair value of marketable securities.

Net Income (Loss): $(379,768). The net loss for the six months ended June 30, 2025, was $154,007 less than the net loss for the same period in 2024, primarily due to a decrease in exploration expenses and change in fair value of marketable securities.

Net Loss Per Share: Basic and Diluted: $(0.00). The weighted average number of shares outstanding was 117,892,441 for both periods.

Business Highlights

Exploration Activities: The company is actively engaged in generative exploration activities in Nevada and British Columbia, focusing on developing early-stage projects with the potential for joint ventures or attracting capital for further exploration.

Fish Lake Valley Project: The Fish Lake Valley Project in Nevada is a key focus, with Morella Corporation working to earn a 60% interest by fulfilling exploration and financial commitments. Recent activities include passive seismic and magnetotelluric surveys, and drilling commenced in October 2023.

North Big Smoky Property: Morella Corporation is also working on the North Big Smoky property, having conducted geophysical surveys and a drilling program that uncovered moderate lithium in clay mineralization.

San Emidio Property: The company completed a Controlled Source Audio-Magnetotelluric survey in Fall 2022 and is actively seeking a joint venture partner for further exploration of the San Emidio lithium-in-brine prospect.

BC Sugar Flake Graphite Property: The company holds two titles in British Columbia for flake graphite exploration, with past work indicating potential for economic mineralization. Future work is being planned.

Yeehaw Titanium/Rare Earth Element Prospect: The company has earned a 100% interest in the Yeehaw property in British Columbia, with ongoing exploration to assess the potential for titanium and rare earth element mineralization.

Future Outlook: The company plans to continue its exploration activities and is evaluating opportunities for solar power generation and energy storage as potential revenue streams. The focus remains on securing joint ventures and capital to advance exploration projects.

SEC Filing: Lithium Corp [ LTUM ] - 10-Q - Aug. 14, 2025