Wed, Apr 2, 7:28 PM (25 days ago)
**Lithium Corporation (LTUM) 10-K Summary** **Financial Performance:** - **Revenue:** $0 for the fiscal year ended December 31, 2024. - **Net Income:** A net loss of $964,597 for 2024, compared to a net loss of $618,193 in 2023. - **Operating Expenses:** $753,425 for 2024, up from $610,974 in 2023. - **Cash Position:** $3,065,858 in cash as of December 31, 2024. - **Working Capital:** $894,399 as of December 31, 2024. **Strategic Overview:** - **Business Focus:** Exploration stage mining company focusing on lithium and other critical metals. - **Properties:** Key properties include Fish Lake Valley, San Emidio, and various claims in Nevada and British Columbia. - **Market Position:** Quoted on the OTCQB under the symbol "LTUM." **Future Outlook:** - **Exploration Activities:** Plans to conduct exploration in Nevada and British Columbia. - **Financing:** Seeking additional capital through private placements. - **Risk Factors:** Dependence on raising additional capital, market volatility, and operational risks. **Risk Factors:** - **Operational Risks:** High dependence on successful exploration and development. - **Financial Risks:** Need for additional financing to continue operations. - **Market Risks:** Volatility in stock price and market conditions. **Financial Condition:** - **Cash Flow:** Negative cash flow from operations. - **Liquidity:** Adequate cash reserves but reliant on future financing. - **Capital Structure:** No significant debt, primarily equity-financed. **Market Position Changes:** - **Stock Performance:** Volatile with significant fluctuations. - **Market Capitalization:** Small-cap with limited trading volume. **Ticker:** LTUM