Lithium (LTUM) POS AM 27 Dec 21 Prospectus update (post-effective amendment) Financial data

Cover

Cover	9 Months Ended
	Sep. 30, 2021
Cover [Abstract]
Entity Registrant Name	LITHIUM CORPORATION
Entity Central Index Key	0001415332
Document Type	S-1
Amendment Flag	false
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Filer Category	Non-accelerated Filer
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	98-0530295
Entity Address Address Line 1	1031 Railroad St
Entity Address Address Line 2	Suite 102B
Entity Address City Or Town	Elko
Entity Address State Or Province	NV
Entity Address Postal Zip Code	89801
City Area Code	775
Local Phone Number	410-5287

Balance Sheets

Balance Sheets - USD ($)	Sep. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
CURRENT ASSETS
Cash	$ 1,892,426	$ 191,125	$ 346,260
Marketable securities	51,260	0
Deposits	700	700	700
Prepaid expenses	5,232	14,226	20,504
Total Current Assets	1,949,618	206,051	367,464
TOTAL ASSETS	1,949,618	206,051	367,464
CURRENT LIABILITIES
Accounts payable and accrued liabilities	26,182	14,816	16,909
Allowance for optioned properties	151,260	0
TOTAL CURRENT LIABILITIES	177,442	14,816	16,909
TOTAL LIABILITIES	177,442	14,816	16,909
STOCKHOLDERS' EQUITY
Common stock, 3,000,000,000 shares authorized, par value $0.001; 102,492,441 and 95,651,644 common shares outstanding, respectively	102,493	95,652	95,652
Additional paid in capital	6,644,724	4,322,347	4,322,347
Additional paid in capital - options	191,513	191,513	191,513
Additional paid in capital - warrants	369,115	369,115	369,115
Accumulated deficit	(5,535,669)	(4,787,392)	(4,628,072)
TOTAL STOCKHOLDERS' EQUITY	1,772,176	191,235	350,555
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,949,618	$ 206,051	$ 367,464

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
STOCKHOLDERS' EQUITY
Common stock, shares authorized	3,000,000,000	3,000,000,000	3,000,000,000
Common stock, shares par value	$ 0.001	$ 0.001	$ 0.001
Common stock, shares outstanding	102,492,441	95,651,644	95,651,644

Statements of Operations (unaud

Statements of Operations (unaudited) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Income Statement Abstract
REVENUE	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0
OPERATING EXPENSES
Professional fees	8,750	4,750	63,277	23,301	28,174	35,185
Exploration expenses	9,687	15,331	44,755	19,470	21,684	15,899
Consulting fees - related party	30,000	18,000	90,000	58,500	76,500	107,500
Consulting fees	975	0	558,443	0
Insurance expense					0	6,935
Investor relations and shareholder communications					320	67,161
Transfer agent and filing fees	5,032	5,629	21,188	14,742	19,908	12,920
Travel	5,730	522	8,903	3,660	3,731	7,228
General and administrative expenses	3,152	1,356	9,711	7,314	9,003	9,398
Writedown of mineral property					0	390,200
TOTAL OPERATING EXPENSES	63,326	45,588	796,277	126,987	159,320	652,426
LOSS FROM OPERATIONS	(63,326)	(45,588)	(796,277)	(126,987)	(159,320)	(652,426)
OTHER INCOME (EXPENSES)
Other income	7,000	0	48,000	0
Gain (Loss) on sale of marketable securities					0	(919)
Gain on sale of mineral property					0	443,308
Loss on investment					0	(10,000)
Interest income					0	140
TOTAL OTHER INCOME (EXPENSE)	7,000	0	48,000	0	0	432,529
LOSS BEFORE INCOME TAXES	(56,326)	(45,588)	(748,277)	(126,987)	(159,320)	(219,897)
PROVISION FOR INCOME TAXES	0	0	0	0	0	0
NET LOSS	$ (56,326)	$ (45,588)	$ (748,277)	$ (126,987)	$ (159,320)	$ (219,897)
NET LOSS PER SHARE: BASIC AND DILUTED	$ 0	$ 0	$ (0.01)	$ 0	$ 0	$ 0
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	101,106,762	95,651,644	98,768,093	95,651,644	95,651,644	95,651,644

Statements of Stockholders' Equ

Statements of Stockholders' Equity (unaudited) - USD ($)	Total	Common Stock	Additional Paid-In Capital	Additional Paid-in Capital - Warrants	Additional Paid-in Capital - Options	Accumulated Deficit	Accumulated other comprehensive loss
Balance, shares at Dec. 31, 2018		95,651,644
Balance, amount at Dec. 31, 2018	$ 569,681	$ 95,652	$ 4,322,347	$ 369,115	$ 191,513	$ (4,408,175)	$ (771)
Realized loss on sale of marketable securities	771	0	0	0	0		771
Net loss	(219,897)	$ 0	0	0	0	(219,897)
Balance, shares at Dec. 31, 2019		95,651,644
Balance, amount at Dec. 31, 2019	350,555	$ 95,652	4,322,347	369,115	191,513	(4,628,072)	$ 0
Net loss	(159,320)	$ 0	0	0	0	(159,320)
Balance, shares at Dec. 31, 2020		95,651,644
Balance, amount at Dec. 31, 2020	191,235	$ 95,652	4,322,347	369,115	191,513	(4,787,392)
Net loss	(748,277)	$ 0	0	0	0	(748,277)
Shares issued for services, shares		1,375,779
Shares issued for services, amount	557,190	$ 1,376	555,814	0	0	0
Shares issued for cash, shares		5,465,018
Shares issued for cash, amount	1,772,028	$ 5,465	1,766,563	0	0	0
Balance, shares at Sep. 30, 2021		102,492,441
Balance, amount at Sep. 30, 2021	$ 1,772,176	$ 102,493	$ 6,644,724	$ 369,115	$ 191,513	$ (5,535,669)

Statements of Cash Flows (unaud

Statements of Cash Flows (unaudited) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss for the period	$ (748,277)	$ (126,987)	$ (159,320)	$ (219,897)
Adjustment to reconcile net loss to net cash used in operating activities
Shares issued for services	557,190	0
Loss on investment			0	10,000
Gain (Loss) on sale of marketable securities			0	919
Gain on sale of mineral property			0	(443,308)
Writedown of mineral property			0	390,200
Changes in assets and liabilities:
Decrease in prepaid expenses	8,994	6,525	6,278	71,208
Increase (decrease) in accounts payable and accrued liabilities	11,366	(4,008)	(2,093)	4,023
Net Cash Used in Operating Activities	(170,727)	(124,470)	(155,135)	(186,855)
CASH FLOWS FROM INVESTING ACTIVITY:
Cash from properties	100,000	0
Cash paid for mineral properties			0	(12,537)
Cash paid for investment in Summa, LLC			0	(10,000)
Cash from sale of marketable securities			0	623
Net Cash Provided by Investing Activity	100,000	0	0	(21,914)
CASH FLOWS FROM FINANCING ACTIVITY:
Shares issued for cash	1,772,028	0
Net Cash Provided by Finanicng Activity	1,772,028	0
Increase (Decrease) in cash	1,701,301	(124,470)	(155,135)	(208,769)
Cash, beginning of period	191,125	346,260	346,260	555,029
Cash, end of period	1,892,426	221,790	191,125	346,260
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	0	0	0	0
Cash paid for income taxes	0	0	$ 0	$ 0
NON-CASH TRANSACTIONS:
Marketable securities received as consideration for mineral property option	$ 51,260	$ 0

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Summary of Significant Accounting Policies
Note 1 - Summary of Significant Accounting Policies	Note 1 - Summary of Significant Accounting Policies Lithium Corporation (formerly Utalk Communications Inc.) (the “Company”) was incorporated on January 30, 2007 under the laws of Nevada. On September 30, 2009, Utalk Communications Inc. changed its name to Lithium Corporation. Nevada Lithium Corporation was incorporated on March 16, 2009 under the laws of Nevada under the name Lithium Corporation. On September 10, 2009, the Company amended its articles of incorporation to change its name to Nevada Lithium Corporation. By agreement dated October 9, 2009 Nevada Lithium Corporation and Lithium Corporation amalgamated as Lithium Corporation. Lithium Corporation is engaged in the acquisition and development of certain lithium interests in the state of Nevada, and battery or Tech metals prospects in British Columbia and is currently in the exploration stage. Accounting Basis The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting). The Company has adopted a December 31 fiscal year end. Cash and Cash Equivalents Cash includes cash on account, demand deposits, and short-term instruments with maturities of three months or less. Concentrations of Credit Risk The Company maintains its cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. The Company continually monitors its banking relationships and consequently has not experienced any losses in such accounts. The Company believes it is not exposed to any significant credit risk on cash and cash equivalents. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Revenue Recognition Effective January 1, 2018, the Company adopted ASC 606 - Revenue from Contracts with Customers. Under ASC 606, the Company recognizes revenue from the commercial sales of products, licensing agreements and contracts to perform pilot studies by applying the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied. For the comparative periods, revenue has not been adjusted and continues to be reported under ASC 605 - Revenue Recognition. Under ASC 605, revenue is recognized when the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) the performance of service has been rendered to a customer or delivery has occurred; (3) the amount of fee to be paid by a customer is fixed and determinable; and (4) the collectability of the fee is reasonably assured. Income per Share Basic income per share is computed by dividing loss available to common shareholders by the weighted average number of common shares outstanding during the period. The computation of diluted earnings per share assumes the conversion, exercise or contingent issuance of securities only when such conversion, exercise or issuance would have a dilutive effect on earnings per share. The dilutive effect of convertible securities is reflected in diluted earnings per share by application of the “if converted” method. In the periods in which a loss is incurred, the effect of potential issuances of shares under options and warrants would be anti-dilutive, and therefore basic and diluted losses per share are the same. The Company did not have any dilutive securities for the periods ended September 30, 2021 and 2020. Income Taxes The asset and liability approach is used to account for income taxes by recognizing deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities. Financial Instruments The Company’s financial instruments consist of cash, deposits, prepaid expenses, and accounts payable and accrued liabilities. Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments. Because of the short maturity and capacity of prompt liquidation of such assets and liabilities, the fair value of these financial instruments approximate their carrying values, unless otherwise noted. Mineral Properties Costs of exploration, carrying and retaining unproven mineral lease properties are expensed as incurred. Mineral property acquisition costs are capitalized including licenses and lease payments. Although the Company has taken steps to verify title to mineral properties in which it has an interest, these procedures do not guarantee the Company’s title. Such properties may be subject to prior agreements or transfers and title may be affected by undetected defects. Impairment losses are recorded on mineral properties used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amount. Optioned Properties Properties under the Company’s ownership which have been optioned to a third party are deemed the Company’s property until all obligations under an option agreement are met, at which point the ownership of the property transfers to the third party. All non-refundable payments received prior to all obligations under an option agreement being met are considered liabilities until such time all obligations have been met, at which time ownership of the property transfers to the third party and the Company includes option payments into its statement of operations. Recent Accounting Pronouncements In January 2016, the Financial Accounting Standards Board (“FASB”), issued Accounting Standards Update (“ASU”) 2016-01, “Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities,” which amends the guidance in U.S. generally accepted accounting principles on the classification and measurement of financial instruments. Changes to the current guidance primarily affect the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. In addition, the ASU clarifies guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities.	Note 1 - Summary of Significant Accounting Policies Lithium Corporation (formerly Utalk Communications Inc.) (the “Company”) was incorporated on January 30, 2007 under the laws of Nevada. On September 30, 2009, Utalk Communications Inc. changed its name to Lithium Corporation. Nevada Lithium Corporation was incorporated on March 16, 2009 under the laws of Nevada under the name Lithium Corporation. On September 10, 2009, the Company amended its articles of incorporation to change its name to Nevada Lithium Corporation. By agreement dated October 9, 2009 Nevada Lithium Corporation and Lithium Corporation amalgamated as Lithium Corporation. Lithium Corporation is engaged in the acquisition and development of certain lithium interests in the state of Nevada, and flake graphite prospects in British Columbia and is currently in the exploration stage. Accounting Basis The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting). The Company has adopted a December 31 fiscal year end. Cash and Cash Equivalents Cash includes cash on account, demand deposits, and short-term instruments with maturities of three months or less. Concentrations of Credit Risk The Company maintains its cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. The Company continually monitors its banking relationships and consequently has not experienced any losses in such accounts. The Company believes it is not exposed to any significant credit risk on cash and cash equivalents. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Revenue Recognition Effective January 1, 2018, the Company adopted ASC 606 - Revenue from Contracts with Customers. Under ASC 606, the Company recognizes revenue from the commercial sales of products, licensing agreements and contracts to perform pilot studies by applying the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied. For the comparative periods, revenue has not been adjusted and continues to be reported under ASC 605 - Revenue Recognition. Under ASC 605, revenue is recognized when the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) the performance of service has been rendered to a customer or delivery has occurred; (3) the amount of fee to be paid by a customer is fixed and determinable; and (4) the collectability of the fee is reasonably assured. There was no impact on the Company’s financial statements as a result of adopting Topic 606 for year ended December 31, 2020 or 2019. Loss per Share Basic loss per share is computed by dividing loss available to common shareholders by the weighted average number of common shares outstanding during the year. The computation of diluted earnings per share assumes the conversion, exercise or contingent issuance of securities only when such conversion, exercise or issuance would have a dilutive effect on earnings per share. The dilutive effect of convertible securities is reflected in diluted earnings per share by application of the “if converted” method. In the periods in which a loss is incurred, the effect of potential issuances of shares under options and warrants would be anti-dilutive, and therefore basic and diluted losses per share are the same. Income Taxes The asset and liability approach is used to account for income taxes by recognizing deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities. Financial Instruments The Company’s financial instruments consist of cash, deposits, prepaid expenses, and accounts payable and accrued liabilities. Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments. Because of the short maturity and capacity of prompt liquidation of such assets and liabilities, the fair value of these financial instruments approximate their carrying values, unless otherwise noted. Mineral Properties Costs of exploration, carrying and retaining unproven mineral lease properties are expensed as incurred. Mineral property acquisition costs are capitalized including licenses and lease payments. Although the Company has taken steps to verify title to mineral properties in which it has an interest, these procedures do not guarantee the Company’s title. Such properties may be subject to prior agreements or transfers and title may be affected by undetected defects. Impairment losses are recorded on mineral properties used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amount. Optioned Properties Properties under the Company’s ownership which have been optioned to a third party are deemed the Company’s property until all obligations under an option agreement are met, at which point the ownership of the property transfers to the third party. All non-refundable payments received prior to all obligations under an option agreement being met are considered liabilities until such time all obligations have been met, at which time ownership of the property transfers to the third party and the Company includes option payments into its statement of operations. Recent Accounting Pronouncements Leases (Topic 842). The Company adopted the standard effective January 1, 2019. The standard allows a number of optional practical expedients to use for transition. The Company choose the certain practical expedients allowed under the transition guidance which permitted us to not to reassess any existing or expired contracts to determine if they contain embedded leases, to not to reassess our lease classification on existing leases, to account for lease and non-lease components as a single lease component for equipment leases, and whether initial direct costs previously capitalized would qualify for capitalization under FASB ASC 842. The new standard also provides practical expedients and recognition exemptions for an entity’s ongoing accounting policy elections. The Company has elected the short-term lease recognition for all leases that qualify, which means that we do not recognize a ROU asset and lease liability for any lease with a term of twelve months or less. The most significant impact of adopting the standard was the recognition of ROU assets and lease liabilities for operating leases on the Company’s consolidated balance sheet but it did not have an impact on the Company’s consolidated statements of operations or consolidated statements of cash flows. The Company did not have a cumulative effect on adoption prior to January 1, 2019. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820), Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement. In June 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-07, Compensation-Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting In March 2018, the FASB issued ASU No. 2018-05, Income Taxes (Topic 740) - Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118 In February 2018, the FASB issued ASU No. 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income In July 2017, the FASB issued ASU 2017-11, Earnings Per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480) and Derivatives and Hedging (Topic 815): I. Accounting for Certain Financial Instruments with Down Round Features; II. Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Non-Controlling Interests with a Scope Exception. Distinguishing Liabilities from Equity, In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting In January 2017, the FASB issued ASU No. 2017-4, Intangibles - Goodwill and Other (Topic 350): “Simplifying the Test for Goodwill Impairment. In January 2017, the FASB issued ASU No. 2017-1, Business Combinations (Topic 805): Clarifying the Definition of a Business. Reclassification Certain amounts in the financial statements for the year ended December 31, 2019 have been reclassified to conform to the presentation for the year ended December 31, 2020.

Going Concern

Going Concern	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Going Concern
Note 2 - Going Concern	Note 2 - Going Concern As reflected in the accompanying financial statements, the Company has a working capital of $1,772,176 as at September 30, 2021 (December 31, 2020: $191,235) and has used $170,727 (2020: $124,470) of cash in operations for the nine months ended September 30, 2021. This raises substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Management believes that actions presently being taken to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern.	Note 2 - Going Concern As reflected in the accompanying financial statements, the Company has a working capital of $191,235 (2019: $350,555) as at December 31, 2020 and has used $155,135 (2019: $186,855) of cash in operations for the year ended December 31, 2020. This raises substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Management believes that actions presently being taken to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Fair Value of Financial Instruments
Note 3 - Fair Value of Financial Instruments	Note 3 - Fair Value of Financial Instruments Under FASB ASC 820-10-5, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). The standard outlines a valuation framework and creates a fair value hierarchy in order to increase the consistency and comparability of fair value measurements and the related disclosures. Under GAAP, certain assets and liabilities must be measured at fair value, and FASB ASC 820-10-50 details the disclosures that are required for items measured at fair value. The Company has certain financial instruments that must be measured under the new fair value standard. The Company’s financial assets and liabilities are measured using inputs from the three levels of the fair value hierarchy. The three levels are as follows: - Level 1 - Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. - Level 2 - Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs). - Level 3 - Unobservable inputs that reflect our assumptions about the assumptions that market participants would use in pricing the asset or liability. The following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balance sheets as of September 30, 2021 and December 31, 2020, respectively: Fair Value Measurements at September 30, 2021 Level 1 Level 2 Level 3 Assets Cash $ 1,892,426 $ - $ - Marketable securities 51,260 Total Assets 1,943,686 - - Liabilities Total Liabilities - - - $ 1,943,686 $ - $ - Fair Value Measurements at December 31, 2020 Level 1 Level 2 Level 3 Assets Cash $ 191,125 $ - $ - Total Assets 191,125 - - Liabilities Total Liabilities - - - $ 191,125 $ - $ -	Note 3 - Fair Value of Financial Instruments Under FASB ASC 820-10-5, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). The standard outlines a valuation framework and creates a fair value hierarchy in order to increase the consistency and comparability of fair value measurements and the related disclosures. Under GAAP, certain assets and liabilities must be measured at fair value, and FASB ASC 820-10-50 details the disclosures that are required for items measured at fair value. The Company has certain financial instruments that must be measured under the new fair value standard. The Company’s financial assets and liabilities are measured using inputs from the three levels of the fair value hierarchy. The three levels are as follows: · Level 1 - Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. · Level 2 - Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs). · Level 3 - Unobservable inputs that reflect our assumptions about the assumptions that market participants would use in pricing the asset or liability. The following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balance sheets as of December 31, 2020 and 2019, respectively: Fair Value Measurements at December 31, 2020 Level 1 Level 2 Level 3 Assets Cash $ 191,125 $ - $ - Marketable securities - - - Total Assets 191,125 - - Liabilities Total Liabilities - - - $ 191,125 $ - $ - Fair Value Measurements at December 31, 2019 Level 1 Level 2 Level 3 Assets Cash $ 346,260 $ - $ - Marketable securities - - - Total Assets 346,260 - - Liabilities Total Liabilities - - - $ 346,260 $ - $ -

Marketable Securities

Marketable Securities	9 Months Ended
	Sep. 30, 2021
Marketable Securities
Note 4 - Marketable Securities	Note 4 - Marketable Securities The Company owns marketable securities (common stock) as outlined below: Balance, December 31, 2020 $ - Additions 51,260 Balance, September 30, 2021 $ 51,260 The Company classifies it’s marketable securities as available for sale. During the nine months ended September 30, 2021, the Company received 200,000 common shares with a value of $51,260 related to the option of the San Emidio Property.

Prepaid Expenses

Prepaid Expenses	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Prepaid Expenses
Note 5 - Prepaid Expenses	Note 5 - Prepaid Expenses Prepaid expenses consisted of the following at September 30, 2021 and December 31, 2020: September 30, 2021 December 31, 2020 Professional fees $ - $ - Transfer agent fees 5,232 14,226 Total prepaid expenses $ 5,232 $ 14,226	Note 4 - Prepaid Expenses Prepaid expenses consisted of the following at December 31, 2020 and 2019: December 31, 2020 December 31, 2019 Bonds $ - $ 9,381 Transfer agent fees 14,226 11,123 Total prepaid expenses $ 14,226 $ 20,504

Capital Stock

Capital Stock	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Capital Stock
Note 6 - Capital Stock	Note 6 - Capital Stock The Company is authorized to issue 3,000,000,000 shares of it $0.001 par value common stock. On September 30, 2009, the Company effected a 60-for-1 forward stock split of its $0.001 par value common stock. All share and per share amounts have been retroactively restated to reflect the splits discussed above. Common Stock On January 25, 2021, we issued 380,952 common shares for an aggregate purchase price of $150,000 and issued 1,375,779 common shares with a fair value of $557,190 as part of a purchase agreement. On April 13, 2021, we issued 357,995 common shares for an aggregate purchase price of $150,000. On April 20, 2021, we issued 200,000 common shares for an aggregate purchase price of $72,600. On April 21, 2021, we issued 200,000 common shares for an aggregate purchase price of $68,800. On May 18, 2021, we issued 200,000 common shares for an aggregate purchase price of $63,200. On May 25, 2021, we issued 200,000 common shares for an aggregate purchase price of $64,000. On June 2, 2021, we issued 200,000 common shares for an aggregate purchase price of $61,800. On June 10, 2021, we issued 200,000 common shares for an aggregate purchase price of $56,200. On June 14, 2021, we issued 200,000 common shares for an aggregate purchase price of $56,800. On June 21, 2021, we issued 200,000 common shares for an aggregate purchase price of $56,800. On June 28, 2021, we issued 200,000 common shares for an aggregate purchase price of $57,600. On July 1, 2021, we issued 200,000 common shares for an aggregate purchase price of $61,200. On July 7, 2021, we issued 200,000 common shares for an aggregate purchase price of $61,600. On July 8, 2021, we issued 126,071 common shares for an aggregate purchase price of $50,428. On July 15, 2021, we issued 200,000 common shares for an aggregate purchase price of $67,200. On July 20, 2021, we issued 200,000 common shares for an aggregate purchase price of $61,400. On July 30, 2021, we issued 200,000 common shares for an aggregate purchase price of $60,800. On August 5, 2021, we issued 200,000 common shares for an aggregate purchase price of $60,800. On August 11, 2021, we issued 200,000 common shares for an aggregate purchase price of $60,800. On August 18, 2021, we issued 200,000 common shares for an aggregate purchase price of $61,400. On August 27, 2021, we issued 200,000 common shares for an aggregate purchase price of $62,400. On September 3, 2021, we issued 200,000 common shares for an aggregate purchase price of $62,800. On September 8, 2021, we issued 200,000 common shares for an aggregate purchase price of $62,800. On September 14, 2021, we issued 200,000 common shares for an aggregate purchase price of $61,400. On September 21, 2021, we issued 200,000 common shares for an aggregate purchase price of $59,600. On September 28, 2021, we issued 200,000 common shares for an aggregate purchase price of $59,600.	Note 5 - Capital Stock The Company is authorized to issue 300,000,000 shares of it $0.001 par value common stock. On September 30, 2009, the Company effected a 60-for-1 forward stock split of its $0.001 par value common stock. Common Stock There were 95,651,644 shares of common stock issued and outstanding as of December 31, 2020 (2019: 95,651,644).

Mineral Properties

Mineral Properties	9 Months Ended
	Sep. 30, 2021
Mineral Properties
Note 7 - Mineral Properties	Note 7 - Mineral Properties Fish Lake Valley On April 29, 2021 we signed a Letter Of Intent (LOI) with Altura Mining Limited an Australian Lithium explorer and developer, whereby the Altura can earn a 60% interest in the Fish Lake Valley property by paying the Company $675,000, issuing the equivalent of $500,000 worth of Altura stock, and expending $2,000,000 of exploration work in the next four years. To date Altura has paid the initial $50,000 due at the signing of the LOI, and the parties had until July 31, 2021 to enter into a formal agreement, however Lithium Corporation agreed to extend the due diligence period until August 31, 2021. San Emidio On September 16 th Make cash payments and share issuances to the Optionor in the following manner: · US$50,000 on signing the Agreement and issue 200,000 common shares on the Closing Date (received); and · US$70,000 and US$30,000 in common shares on or before the first anniversary of the Effective Date; and · US$70,000 and US$30,000 in common shares on or before the second anniversary of the Effective Date; and · US$70,000 and US$50,000 in common shares on or before third anniversary of the Effective Date; and · US$70,000 and US$70,000 in common shares on or before the fourth anniversary of the Effective Date; and · US$70,000 and US$90,000 in common shares on or before the fifth anniversary of the Effective Date. Incur a minimum in Expenditures for exploration and development work on the Property of US$1,000,000 as follows: · US$100,000 of Expenditures to be incurred, or caused to be incurred, by the Optionee on the Property on or before the first anniversary of the Effective Date; and · a cumulative total of US$250,000 of Expenditures to be incurred, or caused to be incurred, by the Optionee on the Property on or before the second anniversary of the Effective Date; and · a cumulative total of US$450,000 of Expenditures to be incurred, or caused to be incurred, by the Optionee on the Property on or before the third anniversary of the Effective Date; and · a cumulative total of US$700,000 of Expenditures to be incurred, or caused to be incurred, by the Optionee on the Property on or before the fourth anniversary of the Effective Date; and · a cumulative total of US$1,000,000 of Expenditures to be incurred, or caused to be incurred, by the Optionee on the Property on or before the fifth anniversary of the Effective Date. Once all conditions are met the Optionee will be deemed to have earned an undivided 80% interest in the property, and a Joint Venture will before. Should either party not contribute once the JV commences their interest will be diluted until such point that should they eventually own less than 10% their interest will revert to a 2.5% Net Smelter Revenue.

Allowance for Optioned Properti

Allowance for Optioned Properties	9 Months Ended
	Sep. 30, 2021
Allowance for Optioned Properties
Note 8 - Allowance for Optioned Properties	Note 8 - Allowance for Optioned Properties Fish Lake Valley On April 29, 2021 we signed a Letter Of Intent (LOI) with Altura Mining Limited an Australian Lithium explorer and developer, whereby the Altura can earn a 60% interest in the Fish Lake Valley property by paying the Company $675,000, issuing the equivalent of $500,000 worth of Altura stock, and expending $2,000,000 of exploration work in the next four years. To date Altura has paid the initial $50,000 due at the signing of the LOI, and the parties had until July 31, 2021 to enter into a formal agreement, however Lithium Corporation agreed to extend the due diligence period until August 31, 2021. On September 16 th As of September 30, 2021, the Company has received $50,000 in relation to the letter of intent. The Company recorded $50,000 as a liability against the property until either the purchaser returns the property to the Company or the purchaser has met all the obligations associated with the agreement, at which time the liability will be charged to the statement of operations. The Letter of Intent was signed with a purchaser that has a common director as the Company. San Emidio On September 16, 2021, the Company entered into a Letter of Intent with respect to the San Emidio Property whereby the optionor will pay $50,000 on signing (received) and issue 200,000 common shares within 5 days of closing. See Note 8. As of September 30, 2021, the Company has received $50,000 and 200,000 common shares in relation to the letter of intent. The Company recorded $101,260 as a liability against the property until either the purchaser returns the property to the Company or the purchaser has met all the obligations associated with the agreement, at which time the liability will be charged to the statement of operations.

Related Party Transactions

Related Party Transactions	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Related Party Transactions
Note 9 - Related Party Transactions	Note 9 - Related Party Transactions The Company paid consulting fees totaling $30,000 and $90,000 to related parties for the three and nine months ended September 30, 2021, respectively (2020: $18,000 and $58,500). During the three and nine months ended September 30, 2021, the company received $7,000 and $48,000 in distributions from Summa, LLC, a Limited Liability Corporation with shared management as the Company. The Company holds a 25% investment in Summa LLC. The investment was written off in 2016 as there was significant doubt about the fair value of the investment in the period. During the nine months ended September 30, 2021, the Company has received $50,000 in relation to the letter of intent signed in relation to the Fish Lake property. See Note 6.	Note 6 - Related Party Transactions The Company paid consulting fees totaling $76,500 to related parties for the year ended December 31, 2020 (2019: $120,000).

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2021
Commitments and Contingencies
Note 10 - Commitments and Contingencies	Note 10 - Commitments and Contingencies On July 1, 2021, the Company signed a rental agreement for office and storage space. The rental agreement is on a month-to-month basis for a monthly fee of $500 with no escalating payments and, as such, does not fall under ASC 842.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2020
Income Taxes
Note 7 - Income Taxes	Note 7 - Income Taxes As of December 31, 2020, the Company had net operating loss carry forwards of approximately $4,787,000 that may be available to reduce future years’ taxable income in varying amounts through 2033. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards. The provision for Federal income tax consists of the following for the years ended December 31, 2020 and 2019: 2020 2019 Federal income tax benefit attributable to: Current operations $ 159,320 $ 219,897 Less: valuation allowance (159,320 ) (219,897 ) Net provision for Federal income taxes $ - $ - The cumulative tax effect at the expected rate of 21% (2019: 21%) of significant items comprising our net deferred tax amount is as follows at December 31, 2020 and 2019: December 31, 2020 December 31, 2019 Deferred tax asset attributable to: Net operating loss carryover $ 1,005,254 $ 971,797 Less: valuation allowance (1,005,254 ) (971,797 ) Net deferred tax asset $ - $ - Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $4,787,000 for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur net operating loss carry forwards may be limited as to use in future years.

Subsequent Events

Subsequent Events	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Subsequent Events
Note 11 - Subsequent Events	Note 11 - Subsequent Events The Company has analyzed its operations subsequent to September 30, 2021 through the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose other than those below. Subsequent to September 30, 2021, the Company issued 400,000 common shares for proceeds of $115,200.	Note 8 - Subsequent Events The Company has analyzed its operations subsequent to December 31, 2020 through the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose other than those below. On January 25, 2021, we issued 380,952 common shares for an aggregate purchase price of $160,000 and issued 1,375,779 common shares as part of a purchase agreement.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Summary of Significant Accounting Policies
Accounting Basis	The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting). The Company has adopted a December 31 fiscal year end.	The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting). The Company has adopted a December 31 fiscal year end.
Cash and Cash Equivalents	Cash includes cash on account, demand deposits, and short-term instruments with maturities of three months or less.	Cash includes cash on account, demand deposits, and short-term instruments with maturities of three months or less.
Concentrations of Credit Risk	The Company maintains its cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. The Company continually monitors its banking relationships and consequently has not experienced any losses in such accounts. The Company believes it is not exposed to any significant credit risk on cash and cash equivalents.	The Company maintains its cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. The Company continually monitors its banking relationships and consequently has not experienced any losses in such accounts. The Company believes it is not exposed to any significant credit risk on cash and cash equivalents.
Use of Estimates	The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.	The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Revenue Recognition	Effective January 1, 2018, the Company adopted ASC 606 - Revenue from Contracts with Customers. Under ASC 606, the Company recognizes revenue from the commercial sales of products, licensing agreements and contracts to perform pilot studies by applying the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied. For the comparative periods, revenue has not been adjusted and continues to be reported under ASC 605 - Revenue Recognition. Under ASC 605, revenue is recognized when the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) the performance of service has been rendered to a customer or delivery has occurred; (3) the amount of fee to be paid by a customer is fixed and determinable; and (4) the collectability of the fee is reasonably assured.	Effective January 1, 2018, the Company adopted ASC 606 - Revenue from Contracts with Customers. Under ASC 606, the Company recognizes revenue from the commercial sales of products, licensing agreements and contracts to perform pilot studies by applying the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied. For the comparative periods, revenue has not been adjusted and continues to be reported under ASC 605 - Revenue Recognition. Under ASC 605, revenue is recognized when the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) the performance of service has been rendered to a customer or delivery has occurred; (3) the amount of fee to be paid by a customer is fixed and determinable; and (4) the collectability of the fee is reasonably assured. There was no impact on the Company’s financial statements as a result of adopting Topic 606 for year ended December 31, 2020 or 2019.
Income per Share	Basic income per share is computed by dividing loss available to common shareholders by the weighted average number of common shares outstanding during the period. The computation of diluted earnings per share assumes the conversion, exercise or contingent issuance of securities only when such conversion, exercise or issuance would have a dilutive effect on earnings per share. The dilutive effect of convertible securities is reflected in diluted earnings per share by application of the “if converted” method. In the periods in which a loss is incurred, the effect of potential issuances of shares under options and warrants would be anti-dilutive, and therefore basic and diluted losses per share are the same. The Company did not have any dilutive securities for the periods ended September 30, 2021 and 2020.	Basic loss per share is computed by dividing loss available to common shareholders by the weighted average number of common shares outstanding during the year. The computation of diluted earnings per share assumes the conversion, exercise or contingent issuance of securities only when such conversion, exercise or issuance would have a dilutive effect on earnings per share. The dilutive effect of convertible securities is reflected in diluted earnings per share by application of the “if converted” method. In the periods in which a loss is incurred, the effect of potential issuances of shares under options and warrants would be anti-dilutive, and therefore basic and diluted losses per share are the same.
Income Taxes	The asset and liability approach is used to account for income taxes by recognizing deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities.	The asset and liability approach is used to account for income taxes by recognizing deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities.
Financial Instruments	The Company’s financial instruments consist of cash, deposits, prepaid expenses, and accounts payable and accrued liabilities. Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments. Because of the short maturity and capacity of prompt liquidation of such assets and liabilities, the fair value of these financial instruments approximate their carrying values, unless otherwise noted.	The Company’s financial instruments consist of cash, deposits, prepaid expenses, and accounts payable and accrued liabilities. Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments. Because of the short maturity and capacity of prompt liquidation of such assets and liabilities, the fair value of these financial instruments approximate their carrying values, unless otherwise noted.
Mineral Properties	Costs of exploration, carrying and retaining unproven mineral lease properties are expensed as incurred. Mineral property acquisition costs are capitalized including licenses and lease payments. Although the Company has taken steps to verify title to mineral properties in which it has an interest, these procedures do not guarantee the Company’s title. Such properties may be subject to prior agreements or transfers and title may be affected by undetected defects. Impairment losses are recorded on mineral properties used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amount.	Costs of exploration, carrying and retaining unproven mineral lease properties are expensed as incurred. Mineral property acquisition costs are capitalized including licenses and lease payments. Although the Company has taken steps to verify title to mineral properties in which it has an interest, these procedures do not guarantee the Company’s title. Such properties may be subject to prior agreements or transfers and title may be affected by undetected defects. Impairment losses are recorded on mineral properties used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amount.
Optioned Properties	Properties under the Company’s ownership which have been optioned to a third party are deemed the Company’s property until all obligations under an option agreement are met, at which point the ownership of the property transfers to the third party. All non-refundable payments received prior to all obligations under an option agreement being met are considered liabilities until such time all obligations have been met, at which time ownership of the property transfers to the third party and the Company includes option payments into its statement of operations.	Properties under the Company’s ownership which have been optioned to a third party are deemed the Company’s property until all obligations under an option agreement are met, at which point the ownership of the property transfers to the third party. All non-refundable payments received prior to all obligations under an option agreement being met are considered liabilities until such time all obligations have been met, at which time ownership of the property transfers to the third party and the Company includes option payments into its statement of operations.
Recent Accounting Pronouncements	In January 2016, the Financial Accounting Standards Board (“FASB”), issued Accounting Standards Update (“ASU”) 2016-01, “Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities,” which amends the guidance in U.S. generally accepted accounting principles on the classification and measurement of financial instruments. Changes to the current guidance primarily affect the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. In addition, the ASU clarifies guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities.	Leases (Topic 842). The Company adopted the standard effective January 1, 2019. The standard allows a number of optional practical expedients to use for transition. The Company choose the certain practical expedients allowed under the transition guidance which permitted us to not to reassess any existing or expired contracts to determine if they contain embedded leases, to not to reassess our lease classification on existing leases, to account for lease and non-lease components as a single lease component for equipment leases, and whether initial direct costs previously capitalized would qualify for capitalization under FASB ASC 842. The new standard also provides practical expedients and recognition exemptions for an entity’s ongoing accounting policy elections. The Company has elected the short-term lease recognition for all leases that qualify, which means that we do not recognize a ROU asset and lease liability for any lease with a term of twelve months or less. The most significant impact of adopting the standard was the recognition of ROU assets and lease liabilities for operating leases on the Company’s consolidated balance sheet but it did not have an impact on the Company’s consolidated statements of operations or consolidated statements of cash flows. The Company did not have a cumulative effect on adoption prior to January 1, 2019. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820), Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement. In June 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-07, Compensation-Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting In March 2018, the FASB issued ASU No. 2018-05, Income Taxes (Topic 740) - Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118 In February 2018, the FASB issued ASU No. 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income In July 2017, the FASB issued ASU 2017-11, Earnings Per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480) and Derivatives and Hedging (Topic 815): I. Accounting for Certain Financial Instruments with Down Round Features; II. Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Non-Controlling Interests with a Scope Exception. Distinguishing Liabilities from Equity, In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting In January 2017, the FASB issued ASU No. 2017-4, Intangibles - Goodwill and Other (Topic 350): “Simplifying the Test for Goodwill Impairment. In January 2017, the FASB issued ASU No. 2017-1, Business Combinations (Topic 805): Clarifying the Definition of a Business.
Reclassification		Certain amounts in the financial statements for the year ended December 31, 2019 have been reclassified to conform to the presentation for the year ended December 31, 2020.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Fair Value of Financial Instruments (Tables)
Schedule of the valuation of financial instruments measured at fair value on a recurring basis	Fair Value Measurements at September 30, 2021 Level 1 Level 2 Level 3 Assets Cash $ 1,892,426 $ - $ - Marketable securities 51,260 Total Assets 1,943,686 - - Liabilities Total Liabilities - - - $ 1,943,686 $ - $ - Fair Value Measurements at December 31, 2020 Level 1 Level 2 Level 3 Assets Cash $ 191,125 $ - $ - Total Assets 191,125 - - Liabilities Total Liabilities - - - $ 191,125 $ - $ -	Fair Value Measurements at December 31, 2020 Level 1 Level 2 Level 3 Assets Cash $ 191,125 $ - $ - Marketable securities - - - Total Assets 191,125 - - Liabilities Total Liabilities - - - $ 191,125 $ - $ - Fair Value Measurements at December 31, 2019 Level 1 Level 2 Level 3 Assets Cash $ 346,260 $ - $ - Marketable securities - - - Total Assets 346,260 - - Liabilities Total Liabilities - - - $ 346,260 $ - $ -

Marketable Securities (Tables)

Marketable Securities (Tables)	9 Months Ended
	Sep. 30, 2021
Marketable Securities
Schedule of Marketable Securities	Balance, December 31, 2020 $ - Additions 51,260 Balance, September 30, 2021 $ 51,260

Prepaid Expenses (Tables)

Prepaid Expenses (Tables)	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Prepaid Expenses
Schedule for prepaid expenses	September 30, 2021 December 31, 2020 Professional fees $ - $ - Transfer agent fees 5,232 14,226 Total prepaid expenses $ 5,232 $ 14,226	December 31, 2020 December 31, 2019 Bonds $ - $ 9,381 Transfer agent fees 14,226 11,123 Total prepaid expenses $ 14,226 $ 20,504

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2020
Income Taxes
Schedule provision for Federal income tax	2020 2019 Federal income tax benefit attributable to: Current operations $ 159,320 $ 219,897 Less: valuation allowance (159,320 ) (219,897 ) Net provision for Federal income taxes $ - $ -
Schedule of deferred tax assets	December 31, 2020 December 31, 2019 Deferred tax asset attributable to: Net operating loss carryover $ 1,005,254 $ 971,797 Less: valuation allowance (1,005,254 ) (971,797 ) Net deferred tax asset $ - $ -

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Going Concern
Working capital deficit	$ 1,772,176		$ 191,235	$ 350,555
Net Cash Used in Operating Activities	$ (170,727)	$ (124,470)	$ (155,135)	$ (186,855)

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($)	Sep. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Marketable securities	$ 51,260	$ 0
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Cash	1,892,426	191,125	$ 346,260
Marketable securities	51,260
Total Assets	1,943,686	191,125	346,260
Total Liabilities	0	0
Total	1,943,686	191,125	346,260
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Cash	0	0	0
Total Assets	0	0	0
Total Liabilities	0	0	0
Total	0	0	0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Cash	0	0	0
Total Assets	0	0	0
Total Liabilities	0	0	0
Total	$ 0	$ 0	$ 0

Marketable Securities (Details)

Marketable Securities (Details)	9 Months Ended
	Sep. 30, 2021USD ($)
Marketable Securities
Marketable Securities, Beginning	$ 0
Additions	51,260
Marketable Securities, Ending	$ 51,260

Marketable Securities (Details

Marketable Securities (Details Narrative) - San Emidio [Member]	9 Months Ended
	Sep. 30, 2021USD ($)shares
Common shares received, shares | shares	200,000
Common shares received, amount | $	$ 51,260

Prepaid Expenses (Details)

Prepaid Expenses (Details) - USD ($)	Sep. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Prepaid Expenses (Details)
Professional fees	$ 0	$ 0
Bonds			$ 9,381
Transfer agent fees	5,232	14,226	11,123
Total prepaid expenses	$ 5,232	$ 14,226	$ 20,504

Capital Stock (Details Narrativ

Capital Stock (Details Narrative) - USD ($)	1 Months Ended
	Jan. 25, 2021	Sep. 30, 2009	Sep. 30, 2021	Sep. 28, 2021	Sep. 21, 2021	Sep. 14, 2021	Sep. 08, 2021	Sep. 03, 2021	Aug. 27, 2021	Aug. 18, 2021	Aug. 11, 2021	Aug. 05, 2021	Jul. 30, 2021	Jul. 20, 2021	Jul. 15, 2021	Jul. 08, 2021	Jul. 07, 2021	Jul. 01, 2021	Jun. 28, 2021	Jun. 21, 2021	Jun. 14, 2021	Jun. 10, 2021	Jun. 02, 2021	May 25, 2021	May 18, 2021	Apr. 21, 2021	Apr. 20, 2021	Apr. 13, 2021	Dec. 31, 2020	Dec. 31, 2019
Common stock shares, authorized			3,000,000,000																										3,000,000,000	3,000,000,000
Common stock shares, par value			$ 0.001																										$ 0.001	$ 0.001
Forward stock split		the Company effected a 60-for-1 forward stock split of its $0.001 par value common stock
Common stock, shares outstanding			102,492,441																										95,651,644	95,651,644
Common Stock, Shares Issued																													95,651,644	95,651,644
Purchase Agreement [Member]
Common Stock, Shares Issued	380,952			200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	126,071	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	357,995
Purchase price	$ 150,000			$ 59,600	$ 59,600	$ 61,400	$ 62,800	$ 62,800	$ 62,400	$ 61,400	$ 60,800	$ 60,800	$ 60,800	$ 61,400	$ 67,200	$ 50,428	$ 61,600	$ 61,200	$ 57,600	$ 56,800	$ 56,800	$ 56,200	$ 61,800	$ 64,000	$ 63,200	$ 68,800	$ 72,600	$ 150,000
Common shares issued for purchase agreement	1,375,779
Common shares value	$ 557,190

Mineral Properties (Details Nar

Mineral Properties (Details Narrative) - USD ($)	1 Months Ended		9 Months Ended
	Sep. 16, 2021	Apr. 29, 2021	Sep. 30, 2021
Initial amount paid on signing LOI			$ 50,000
Common shares issued, shares			200,000
Fish Lake Property [Member] | Altura [Member]
Ownership percentage		60.00%
Amount paid for acquisition		$ 675,000
Common stock issued, amount		500,000
Expenditure in exploration		$ 2,000,000
Exploration expenditure term		4 years
Initial amount paid on signing LOI		$ 50,000
Agreement entering date		Jul. 31, 2021
Due deligence date of agreement		Aug. 31, 2021
San Emidio [Member] | Surge Battery Metals [Member]
Ownership percentage	80.00%
Expenditure in exploration	$ 1,000,000
Initial amount paid on signing LOI	$ 50,000
Joint venture description	Optionee will be deemed to have earned an undivided 80% interest in the property, and a Joint Venture will before. Should either party not contribute once the JV commences their interest will be diluted until such point that should they eventually own less than 10% their interest will revert to a 2.5% Net Smelter Revenue
Common shares issued, shares	200,000
San Emidio [Member] | Surge Battery Metals [Member] | Closing Date [Member]
Amount paid for acquisition	$ 50,000
Common shares issued, shares	200,000
San Emidio [Member] | Surge Battery Metals [Member] | Second Anniversary [Member]
Amount paid for acquisition	$ 70,000
Common stock issued, amount	30,000
Expenditure in exploration	250,000
San Emidio [Member] | Surge Battery Metals [Member] | First Anniversary [Member]
Amount paid for acquisition	70,000
Common stock issued, amount	30,000
Expenditure in exploration	100,000
San Emidio [Member] | Surge Battery Metals [Member] | Third Anniversary [Member]
Amount paid for acquisition	70,000
Common stock issued, amount	50,000
Expenditure in exploration	450,000
San Emidio [Member] | Surge Battery Metals [Member] | Fourth Anniversary [Member]
Amount paid for acquisition	70,000
Common stock issued, amount	70,000
Expenditure in exploration	700,000
San Emidio [Member] | Surge Battery Metals [Member] | Fifth Anniversary [Member]
Amount paid for acquisition	70,000
Common stock issued, amount	90,000
Expenditure in exploration	$ 1,000,000

Allowance for Optioned Proper_2

Allowance for Optioned Properties (Details Narrative) - USD ($)	1 Months Ended		9 Months Ended
	Sep. 16, 2021	Apr. 29, 2021	Sep. 30, 2021
Initial amount received on signing LOI			$ 50,000
Liability against the property			$ 101,260
Common shares issued, shares			200,000
Fish Lake Property [Member] | Altura [Member]
Initial amount received on signing LOI		$ 50,000
Amount paid for acquisition		$ 675,000
Ownership percentage		60.00%
Expenditure in exploration		$ 2,000,000
Exploration expenditure term		4 years
Due deligence date of agreement		Aug. 31, 2021
Agreement entering date		Jul. 31, 2021
Common stock issued, amount		$ 500,000
Liability against the property			$ 50,000
San Emidio [Member] | Surge Battery Metals [Member]
Initial amount received on signing LOI	$ 50,000
Common shares issued, shares	200,000
Ownership percentage	80.00%
Expenditure in exploration	$ 1,000,000

Related Party Transactions (Det

Related Party Transactions (Detail Narrative) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Consulting fees - related party	$ 30,000	$ 18,000	$ 90,000	$ 58,500	$ 76,500	$ 120,000
Other income	7,000	$ 0	48,000	$ 0
Fish Lake Property [Member]
Proceeds from related party			50,000
Summa LLC [Member]
Other income	$ 7,000		$ 48,000
Company investment percentage			25

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Federal income tax benefit attributable to:
Current operations					$ 159,320	$ 219,897
Less: valuation allowance					(159,230)	(219,897)
Net provision for Federal income taxes	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Deferred tax asset attributable to:
Net operating loss carryover	$ 1,005,254	$ 971,797
Less: valuation allowance	(1,005,254)	(971,797)
Net deferred tax asset	$ 0	$ 0

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	12 Months Ended
	Dec. 31, 2020USD ($)
Income Taxes
Net operating loss carry forwards	$ 4,787,000
Net operating loss carry forwards expiration year, descriptions	through 2033
Net operating carry forward loss- federal income tax	$ 4,787,000

Commitments and Contingencies (

Commitments and Contingencies (Detail Narrative)	Jul. 01, 2021USD ($)
Commitments and Contingencies
Monthly rent	$ 500

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)	1 Months Ended	9 Months Ended
	Jan. 25, 2021	Sep. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Stock issued during the period			95,651,644	95,651,644
Subsequent Event [Member]
Proceeds from shares issued		$ 115,200
Common stock, shares issued	380,952	400,000
Fair value of common stock shares	$ 160,000
Stock issued during the period	1,375,779