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LTUM Lithium

Filed: 10 May 16, 8:00pm
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

          Date of Report (Date of earliest event reported) May 3, 2016


                               LITHIUM CORPORATION
             (Exact name of registrant as specified in its charter)

           Nevada                     000-54332                  98-0530295
(State or other jurisdiction         (Commission               (IRS Employer
     of incorporation)               File Number)            Identification No.)

 1031 Railroad St., Ste. 102B, Elko, NV                            89801
(Address of principal executive offices)                         (Zip Code)

        Registrant's telephone number, including area code (775) 410-5287

                                 Not applicable
          (Former name or former address, if changed since last report)

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:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
    230.425)

[ ] Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17 CFR
    240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))

ITEM 1.01 ENTRY INTO MATERIAL DEFINITIVE AGREEMENT

On May 3, 2016, we entered into a definitive  agreement with 1067323 Nevada Ltd.
( a private  Nevada  corporation),  and 1067323  B.C.  Ltd.  (a private  British
Columbia  corporation)  with respect to our San Emidio lithium brine property in
Washoe County, Nevada.

The terms of the formal agreement are; payment of $100,000,  issuance of 300,000
common  shares  of  1067323  B.C.  Ltd.,  or  of  the  publicly  traded  company
anticipated to result from a Going Public Transaction, and work performed on the
property by the Optionee in the amount of $600,000  over the next three years to
earn an 80% interest in the  property.  1067323  then has a  subsequent  Earn-In
option to purchase Lithium  Corporation's  remaining 20% working interest within
three years of earning the 80% by paying our  company a further  $1,000,000,  at
that point our company  would retain a 2.5% Net Smelter  Royalty,  half of which
may be purchased by 1067323 for an additional  $1,000,000.  Should the Purchaser
elect  not  to  exercise  the  Subsequent  Earn-In,  a  joint  venture  will  be
established.  During the Joint  Venture,  should either party be diluted below a
10% working  interest - their interest in the property will revert to a 7.5% Net
Smelter Royalty. The first tranche of cash and shares are to be issued within 30
days of the signing of the formal agreement.

ITEM 7.01 REGULATION FD DISCLOSURE

On May 11,  2016,  we issued a news  release  announcing  that our  company  has
entered into an  exploration  earn-in  agreement  with  1067323  Nevada Ltd. and
1067323 B.C.  Ltd.  with  respect to our San Emidio  lithium  brine  property in
Washoe County, Nevada.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

10.1     Exploration  Earn-In  Agreement  dated May 3, 2016 between our company,
         1067323 Nevada Ltd. and 1067323 B.C. Ltd

99.1     News release dated May 11, 2016

                                   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


/s/ Brian Goss
------------------------------------
Brian Goss
President and Director
Date: May 11, 2016

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