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) March 24, 2010


                               LITHIUM CORPORATION
             (Exact name of registrant as specified in its charter)

          Nevada                       333-148266                98-0530295
(State or other jurisdiction          (Commission               (IRS Employer
     of incorporation)                File Number)           Identification No.)

200 S Virginia St - 8th Floor, Reno, Nevada                        89501
  (Address of principal executive offices)                      (Zip Code)

       Registrant's telephone number, including area code (775) 322-0626

                                 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 3.02 UNREGISTERED SALES OF EQUITY SECURITIES

On March 24, 2010, we issued  2,000,000  units in a private  placement,  raising
gross  proceeds  of  $2,000,000,  or $1.00 per unit.  Each unit  consists of one
common share in the capital of our company and one non-transferable common share
purchase  warrant.  Each whole common share  purchase  warrant  non-transferable
entitles the holder thereof to purchase one share of common stock in the capital
of our company,  for a period of twelve  months  commencing  the  closing,  at a
purchase  price of $1.20 per warrant share and at a purchase  price of $1.35 per
warrant share for a period of twenty-four months thereafter.

We issued all of the  securities to three (3) non-U.S.  persons (as that term is
defined  in  Regulation  S of  the  Securities  Act  of  1933),  in an  offshore
transaction relying on Regulation S of the Securities Act of 1933.

ITEM 7.01 REGULATION FD DISCLOSURE

On March 25,  2010,  we issued a news  release  announcing  the  closing  of the
non-brokered private placement.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

99.1    News Release dated March 25, 2010

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                                   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/ Tom Lewis
----------------------------------
Tom Lewis
President and Director

Date: March 25, 2010



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