Lithium Corp Files Routine 8-K; Common Shares Trade on OTC Markets
Ticker: LTUM · Form: 8-K · Filed: Jan 17, 2024 · CIK: 1415332
| Field | Detail |
|---|---|
| Company | Lithium CORP (LTUM) |
| Form Type | 8-K |
| Filed Date | Jan 17, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0, $0.05 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: regulatory-filing, corporate-governance, disclosure
TL;DR
**Lithium Corp filed a routine 8-K, confirming its LTUM shares trade on OTC Markets.**
AI Summary
Lithium Corporation filed an 8-K on January 17, 2024, reporting an event that occurred on January 11, 2024, under Regulation FD Disclosure. This filing indicates that the company's Common Shares are traded on OTC Markets under the symbol LTUM. For investors, this filing primarily serves as a routine disclosure, confirming basic company information and its trading venue, without revealing new material financial or operational developments that would significantly impact stock valuation immediately.
Why It Matters
This filing is a standard regulatory update, confirming Lithium Corporation's trading symbol (LTUM) and exchange (OTC Markets), which is important for investors to verify basic company information.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure under Regulation FD and does not contain information that introduces new risks or significant changes to the company's operations or financial standing.
Analyst Insight
This filing is a routine administrative update and does not provide new material information for investment decisions. Investors should continue to monitor for substantive operational or financial news from Lithium Corporation.
Key Players & Entities
- Lithium Corporation (company) — the registrant filing the 8-K
- OTC Markets (company) — the exchange where Lithium Corporation's Common Shares are registered
- LTUM (other) — the trading symbol for Lithium Corporation's Common Shares
- January 11, 2024 (date) — date of the earliest event reported
- January 17, 2024 (date) — date the 8-K was filed
FAQ
What is the purpose of this 8-K filing by Lithium Corporation?
This 8-K filing by Lithium Corporation is a Current Report filed pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934, specifically under 'Regulation FD Disclosure', reporting an event that occurred on January 11, 2024.
Where are Lithium Corporation's Common Shares traded?
Lithium Corporation's Common Shares are registered on the OTC Markets, with the trading symbol LTUM, as stated in the 'Securities registered pursuant to Section 12(b) of the Act' section of the filing.
What is the earliest event reported date in this 8-K?
The earliest event reported date in this 8-K is January 11, 2024, as indicated under 'Date of Report (Date of earliest event reported)'.
What is Lithium Corporation's business address and phone number?
Lithium Corporation's business address is 1031 Railroad St. Ste. 102B, Elko, Nevada 89801, and its telephone number is (775) 410-5287, according to the filing's business address section.
Is Lithium Corporation considered an emerging growth company?
The filing indicates that Lithium Corporation is NOT an emerging growth company, as the checkbox for 'Emerging growth company' is not marked.
Filing Stats: 470 words · 2 min read · ~2 pages · Grade level 12.5 · Accepted 2024-01-17 14:56:11
Key Financial Figures
- $0 — , now with an amended exercise price of $0.04, to more closely reflect the closing
- $0.05 — the OTC Markets on January 10, 2024 of $0.05. Also on January 11, 2024, the Company
Filing Documents
- ltum_8k.htm (8-K) — 21KB
- 0001640334-24-000074.txt ( ) — 141KB
- ltum-20240111.xsd (EX-101.SCH) — 6KB
- ltum-20240111_lab.xml (EX-101.LAB) — 14KB
- ltum-20240111_cal.xml (EX-101.CAL) — 1KB
- ltum-20240111_pre.xml (EX-101.PRE) — 9KB
- ltum-20240111_def.xml (EX-101.DEF) — 2KB
- ltum_8k_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure On January 11, 2024, the directors of Lithium Corporation (the "Company") determined that due to current adverse market conditions it would be in the best interests of the Company to re-price an aggregate of 3,450,000 incentive stock options granted to consultants, directors and officers of the Company, originally granted on September 23, 2010, now with an amended exercise price of $0.04, to more closely reflect the closing price for the Company's common shares quoted on the OTC Markets on January 10, 2024 of $0.05. Also on January 11, 2024, the Company granted an aggregate of 500,000 incentive stock options to a geological consultant of the Company at an exercise price of $0.04, exercisable for a period of five years from the date of grant. 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LITHIUM CORPORATION Tom Lewis Tom Lewis President and Director Date: January 17, 2024 3