Lithium Corporation Signs Option Agreement on Rare Earth Prospect in British Columbia

Core Viewpoint - Lithium Corporation has executed an option agreement for its Las Pilas prospect in British Columbia, which contains enriched Rare Earth Element (REE) mineralization, aiming to enhance North America's energy independence through domestic critical mineral development [1][2]. Financial Terms - Ridgestone Mining Inc. will pay Lithium Corporation $315,000, issue 500,000 common shares, and complete $600,000 in exploration expenditures over three years to earn a 100% interest in the Las Pilas property [2]. Strategic Focus - The agreement allows Lithium Corporation to focus on its Yeehaw REE property and the newly staked Midway Range REE prospect while advancing the exploration program at Las Pilas [3]. - The company retains a 2.0% Net Smelter Return royalty, ensuring long-term exposure to potential future production [2]. Company Overview - Lithium Corporation is dedicated to securing North America's energy independence through the development of critical mineral resources, with a focus on energy metals [4][5]. - The company operates in two major mining jurisdictions, with lithium prospects in Nevada and a diverse portfolio of titanium, REE, graphite, fluorspar, and antimony properties in British Columbia [5].