Lithium Corporation. (OTCMKTS:LTUM) Giving The Bulls A Run For Their Money

It has been quite some time since we reviewed Lithium Corporation. (OTCMKTS:LTUM) and since then, a lot has happened to the company.During our last review of the company, the management had just completed a move to acquire a British Columbian company as well as their interests in Fish Lake Valley. They were to work with Menika Mining to develop the lithium in the valley through the brine project they were working on.This had led the company to a bull run as their shares had quadrupled from their then price $.03 to $.09.The article detailed above can be obtained here.Currently, the surge is way juicier than was then. Their share price over a period of 10 days has moved from below $.1 to highs of $.4, a 300% rise in prices. This has been accredited to quite a number of factors with the main one being the expected good news from the graphite project they are currently undertaking.Their traded volumes have also been on the high over this period with some volumes going as high as 1.3 million shares in a day. All this can be seen in the chart below: LTUM Daily ChartCourtesy of the above, we have opted to take a closer look at LTUM and brief readers on the on-goings within the company and the space within which it operates.Before then, let’s first have a brief look at who LTUM are.LTUM: A BriefFounded in 2007 and with headquarters in Elko, Nevada, Lithium Corporation, an exploration stage mining company, engages in the identification, acquisition, and exploration of metals and minerals.The $29 million company explores for lithium/boron/potassium, graphite, gold, and silver deposits.Currently, they have secured the rights to a number of properties projected to bring them quite some return going forward such as the Fish Lake Valley property and the San Emidio property as well as holding interests in the BC Sugar flake graphite property.The company, going forward, is working at building its exploration business and partnering with major players in the industry so as to grow into a dominant player in the electrical and electronics space.LTUM: The ProjectsBack in April, LTUM commenced a project dubbed Tantalum-Niobium. Back then, they had just entered into an agreement to option out the three Tantalum-Niobium properties.This was in addition to amending its trenching permit for the BC Sugar flake graphite property, to allow for work in a previously untested area.Both of these paid off three months later.The former paid off three months later when they went further to test for the suitability of the site in carrying out mining and exploration activities from which the results were released back in August.According to the company, the results were quite pleasing to them and a new development was realized upon their release: the availability of rare earth metals in the vicinity. The latter is bound to be a game changer for them courtesy of the demand for such material globally as described below.Rare earth metals, as in the name, are not easy to come across thus demand a premium in their pricing. These metals which have great use in the defense and electronics industry have quite the market globally. Currently, China has the largest deposit of such material thus controlling the global market. Any new feasible amount of such material would have ample demand both within the US and globally as well as ensuring that the company which engages in such mining activities is well compensated.All the above puts LTUM in a prime position to benefit from such a breakthrough and gives them hope that their activities will bear fruit for them going forward.Finally, the company has recently excavated a ''mini bulk'' sample at the Company's BC Sugar flake graphite prospect in British Columbia which has been submitted to SGS Lakefield's laboratory in Burnaby BC.The work which will take about 2 months to complete has a glimmer of hope attached to it as the company’s management remains optimistic of good results from the above going by the trend. With the two expected to be positive, there will be little stopping LTUM from scaling the heights of success as their share price will definitely rise courtesy of the value creation.FinancialsThe company is yet to make any significant revenues till now. However, their net loss position reduced from $118,000 to $88,000 in the third quarter ended September 2017. Moreover, they received $95,000 from share issues during the same period which they will use for general corporate purposes.Their working capital base still stands at a negative figure: $59,000 which, however, can easily be managed through the issued shares.This far, the company seems to have taken a serious gamble and one which will pay off into the future. It is our expectation that LTUM will reap the benefits of such a gamble going forward to the benefit of their investors.ConclusionLTUM is on a growth path. Little is stopping it and upon the payoff of the gamble they have taken, the value creation will be second to no other in their field. This is a good short and long term investment option.We will be updating our subscribers as soon as we know more. For the latest updates on LTUM, sign up below!Disclosure: We have no position in LTUM and have not been compensated for this article.