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United Lith (ULTHF) delivers innovative material solutions for energy storage and industrial manufacturing sectors. This dedicated news hub provides investors and industry professionals with essential updates about the company's strategic developments and market position.
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United Lithium Corp. (ULTHF) has announced positive mineralogical test results from its wholly-owned Bergby Lithium Project in Sweden. The test work, conducted by SGS Canada, analyzed samples from four pegmatites (B, C, D, and E) at the 8,000-hectare property.
Key findings include:
- Head grades of 1.03%, 1.72%, 1.49%, and 1.14% Li2O for Pegmatites B, C, D, and E respectively
- Spodumene confirmed as primary lithium mineral, accounting for 11.9% to 23.3% of mineralized pegmatite mass
- High lithium recovery rates of 72% to 95% with grades between 3.4% and 3.1%
- Low iron oxide content (0.35% to 0.78% Fe2O3) in spodumene
- Excellent spodumene liberation rates of 81.1%, 78.0%, 81.1%, and 40.9% for Pegmatites B, C, D, and E
The results suggest favorable mining and refining conditions, with spodumene accounting for 79-95% of contained lithium across the pegmatites. The company also announced the expiration of its Salkola reservation in Finland.
United Lithium Corp (CSE: ULTH; OTCQX: ULTHF) has applied to the Canadian Securities Exchange to extend the expiry date of 16,666,667 common share purchase warrants from March 6, 2025, to September 6, 2026. The warrants are currently exercisable at $0.50 per share.
These warrants originated from a non-brokered financing completed on March 6, 2023, which initially issued 49,700,000 warrants at $0.25 per share. Following a 3:1 share consolidation on December 27, 2023, the warrant count adjusted to 16,666,667 with an exercise price of $0.75. On March 26, 2024, the exercise price was reduced to $0.50 per share.
The warrant expiration will accelerate to thirty days if the company's closing share price exceeds $0.625 for any ten consecutive trading days on the CSE, with the thirty-day period beginning seven days after this trigger.
United Lithium Corp. (CSE: ULTH; OTCQX: ULTHF) announced that its Bergby Lithium Project has received a national interest designation from the Geological Survey of Sweden (SGU). This designation recognizes Bergby's potential to supply lithium to Sweden and Europe, protecting the area against measures that could hinder future mining extraction.
The designation supports long-term planning for land use and resource management, highlighting Sweden's position as one of EU's leading mining countries. The SGU, established in 1858, is the government authority overseeing mineral deposit activities and supervises the Mining Inspectorate.
Additionally, the Company granted 117,721 deferred share units (DSUs) to independent directors at $0.212 per DSU for services rendered in Q4 2024.
United Lithium Corp. (CSE: ULTH; OTCQX: ULTHF; FWB: 0UL) has launched its 2024 Exploration Program across five 100% owned properties in Finland, covering over 105,000 hectares of prospective lithium-bearing terrain. The program, which began in early June, focuses on systematic exploration, mapping, and sampling of Lithium-cesium-tantalum (LCT) type pegmatites at the Kietyönmäki Project and the Kannus, Kova, Kast, and Salkola property reservations.
The exploration aims to identify undiscovered LCT-pegmatites and define potential drilling targets. A team of 8 geologists is conducting the fieldwork, expected to continue until early September. The company's expanded land package is now one of the largest lithium portfolios in Finland, a country known for its geology conducive to hosting lithium deposits.
United Lithium has announced new assay results from its 2023 drilling program at the Bergby Lithium Project in Sweden. The combined strike length of all five lithium-bearing pegmatites now exceeds 4,000 meters. Highlights include significant findings from Pegmatites D and E with notable lithium concentrations. Pegmatite D showed up to 1.48% Li2O over 4.76 meters, while Pegmatite E reported up to 1.71% Li2O over 5.76 meters. The project, including the recently added Axmarby property, spans over 21,000 hectares, and much remains unexplored. United Lithium aims to continue expanding its exploration efforts to further define the lithium-rich zones.
United Lithium announced the acquisition of the Kannus property in Western Finland, expanding its land position by 15,225 hectares. This property is strategically located near the Keliber Lithium deposit, Europe's first mine-to-market lithium project. The reservation is valid until Q2 2025, allowing United Lithium to conduct fieldwork and potentially convert the property into an exploration permit. The company aims to leverage Finland's underexplored lithium potential, supported by the upcoming EU Critical Raw Materials Act. CEO Scott Eldridge highlighted the company's growing portfolio in the Nordics and early signs of promising geological formations.
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