Welcome to our dedicated page for United Lith news (Ticker: ULTHF), a resource for investors and traders seeking the latest updates and insights on United Lith stock.
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.
Access official press releases covering quarterly earnings, technology partnerships, and production milestones. Our curated collection includes updates on lithium solution innovations, manufacturing expansions, and leadership announcements directly from corporate sources.
This resource enables efficient tracking of United Lith's progress in advanced materials engineering while maintaining strict editorial neutrality. Users benefit from consolidated access to both operational updates and strategic initiatives that shape the company's trajectory.
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United Lithium Corp. (CSE: ULTH; OTC: ULTHF) announced the mobilization of drill crews at the Bergby Lithium Project in Sweden to initiate a 4,000-metre diamond drill program. The Project spans 10,828 hectares and features LCT-enriched granitic pegmatites. The drill program aims to further evaluate known lithium-bearing pegmatites and drill test additional spodumene outcrops. Key highlights include the completion of a previous 9,000-metre drill program in 2022, which revealed significant lithium intersections totaling 1.34% Li2O over 47.75 metres. The current program is fully funded thanks to a $7 million private placement earlier in the year. Additionally, management changes occurred, with Chris Cairns appointed as CFO and Rona Sellers as Corporate Secretary, effective April 18, 2023.
United Lithium Corp. announced the appointment of Scott Eldridge as the new President and CEO, succeeding Michael Dehn, who will transition to a consulting role. Eldridge brings 15 years of experience in the metals and mining industry, notably raising over $350M for mine projects. The company also plans a non-brokered private placement of up to 50,000,000 units at $0.14 each to raise up to C$7,000,000 for property exploration and working capital. The offering is expected to close on March 5, 2023, subject to regulatory approvals.
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