Elko, Nevada — January 6, 2026 — Leads & Copy — Lithium Corporation (OTCQB: LTUM) has executed an option agreement for its Las Pilas prospect in southern British Columbia, where Rare Earth Element (REE) mineralization has been identified.
Ridgestone Mining Inc. (OTCQB: RIGMF) (TSXV: RMI) will pay Lithium Corporation $315,000, issue 500,000 common shares, and complete $600,000 in exploration expenditures over three years to earn 100% interest in the property, subject to regulatory approval. Lithium Corporation will retain a 2.0% Net Smelter Return royalty.
Lithium Corporation President Tom Lewis said the agreement establishes a clear pathway for advancing Las Pilas under a committed exploration program. It also enables the company to concentrate technical and financial resources on its Yeehaw REE property, the newly staked Midway Range REE prospect, and ongoing generative work planned for the summer 2026 field season. He added that Ridgestone’s involvement will accelerate the evaluation of Las Pilas and deepen the company’s understanding of REE-enriched Eocene intrusive systems in southern British Columbia.
The company plans to support technical advancement at Las Pilas through its retained royalty position while progressing priority exploration initiatives across its growing critical minerals portfolio.
Lithium Corporation is a mineral exploration company focused on securing North America’s energy independence through domestic critical mineral resources. The company focuses on energy metals with the goal of helping achieve energy independence for North America.
The company’s operational focus spans two mining jurisdictions, with lithium prospects in Nevada, USA, and a portfolio of titanium, rare earth elements, graphite, fluorspar, and antimony properties in British Columbia, Canada. Lithium Corporation is committed to driving a secure and independent energy future for North America through strategic investments in energy metals exploration and related opportunities, such as renewable energy generation and energy storage solutions.
Tom Lewis, CEO can be reached at 775-410-5287 or info@lithiumcorporation.com.
Source: Lithium Corporation
