UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
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.
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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 |
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| Tom Lewis |
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| President and Director |
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Date: January 17, 2024
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Cover |
Jan. 11, 2024 |
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| Cover [Abstract] | |
| Entity Registrant Name | LITHIUM CORPORATION |
| Entity Central Index Key | 0001415332 |
| Document Type | 8-K |
| Amendment Flag | false |
| Entity Emerging Growth Company | true |
| Document Period End Date | Jan. 11, 2024 |
| Entity Ex Transition Period | false |
| Entity File Number | 000-54332 |
| Entity Incorporation State Country Code | NV |
| Entity Tax Identification Number | 98-0530295 |
| Entity Address Address Line 1 | 1031 Railroad St. |
| Entity Address Address Line 2 | Ste. 102B |
| Entity Address City Or Town | Elko |
| Entity Address State Or Province | NV |
| Entity Address Postal Zip Code | 89801 |
| City Area Code | 775 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Local Phone Number | 410-5287 |
| Security 12b Title | Common Shares |
| Trading Symbol | LTUM |
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