First-half GAAP net loss widened 24.37% to USD 472,333.
Management cited higher related-party consulting fees and marketable securities revaluation.
Second-quarter results
Lithium Corporation posted a GAAP net loss of USD 219,548 for the quarter ended June 30, 2026, widening 40.87%.
No revenue was reported.
Cash totaled USD 2.17 million at June 30, 2026, while working capital swung to a USD 60,159 deficit.
Project and agreement updates
Morella issued 4,000,000 shares in spring 2026 tied to amended Fish Lake Valley and North Big Smoky agreements; claim transfers are underway.
Ridgestone optioned the Granby River Valley REE property, with USD 5,000 received to date and regulatory approval pending; Ridgestone committed CDN USD 100,000 exploration in 2026.
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