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) December 10, 2014


                               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.)

5976 Lingering Breeze Street, Las Vegas NV                         89148
(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

Effective  August 15, 2014,  we entered into an asset  purchase  agreement  (the
"Agreement") with Pathion, Inc., a Delaware corporation and Pathion Mining Inc.,
a Nevada  corporation.  Pursuant  to the  Agreement,  we have  agreed to sell to
Pathion,  Inc. and Pathion Mining, our rights,  interests and assets relating to
our Fish Lake Valley, San Emidio and BC Sugar properties.  The Agreement was set
to close at the end of September 2014, but was extended to September 17, 2014 by
mutual  agreement,  and was further  extended by mutual agreement on October 24,
2014 until January 17, 2015.

Pathion, Inc. and Pathion Mining, Inc. have been in default of their obligations
under the Agreement  and on December 10, 2014,  we amended  certain terms of the
Agreement  such that Pathion  Mining waives its right to require no  negotiation
during the  pre-closing  period and any  related  penalties  for default and its
right to require a non-competition agreement.

As  consideration  for these  amendments our company shall forebear our right to
terminate  the Agreement  without  first  providing  further  written  notice to
Pathion  Mining;  for any  subsequent  default our company shall issue notice to
Pathion  Mining;  and in the event that Pathion Mining cures its current default
and then is in default of the  Agreement  again,  our company will then issue 10
days written notice to cure the default before we can terminate the Agreement.

                                   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: December 16, 2014