Lithium Corp Rockets 290% After Rare Earth Discovery—Could It Be Trump's Next Mineral Gambit?

Benzinga

Lithium Corp shares jumped 290% after announcing rare earth deposits at its British Columbia project. The discovery comes as the U.S. boosts mineral supply chains with major investments in Lithium Americas and MP Materials. Stronger cash reserves give Lithium Corp room to advance exploration without heavy dilution.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Lithium Corporation share surged 290% Thursday after the $5 million microcap explorer reported

00:08enriched deposits of rare earths in its British Columbia Flourist Bar project, according to

00:12Benzinga.

00:13Investors are speculating which junior miner could be next, as the Trump administration

00:16invested $650 million in Lithium Americas to bolster U.S. mineral supply chains.

00:22Lithium, of course, 5,700-acre rare earth discovery has prompted management to expand

00:26and realign claims while conducting fieldwork to identify bedrock sources.

00:30DOD's support for MP Materials suggests that even a microcap like Lithium Corporation could

00:35draw policymakers' attention.

00:37Discovery also underscores market demand for new supply stores, with LTUM's stronger cash

00:42position giving it room to advance exploration without heavy dilution.

00:46For all things money, visit Benzinga.com.

Category

Transcript

Be the first to comment

Recommended