United Lith Stock Price, News & Analysis

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.

United Lithium Corp. (OTC: ULTHF; CSE: ULTH) has expanded its Liberty Lithium Project in South Dakota by staking 220 additional claims. This increase extends the project area and secures access to pegmatite bodies potentially rich in lithium mineralization. A reconnaissance sampling program is underway, with results pending. CEO Michael Dehn expressed excitement about initial sample results from the newly staked claims and highlighted the area's excellent access and infrastructure for exploration.

United Lithium Corp. (ULTHF) has expanded its Liberty Lithium Project in South Dakota by staking over 200 additional claims, extending the project by 6.2 miles. This increase covers more than 6.5 square miles and includes numerous previously unexplored pegmatite bodies. Reconnaissance sampling has been conducted, with results pending. The area has historical quarrying activity, making potassium feldspar and mica potential by-products. The new claims await final approval from the Bureau of Land Management, which is crucial for progressing the project.

United Lithium Corp. (CSE: ULTH; OTC: ULTHF) has staked over 300 unpatented lode claims covering 9 square miles in Gunnison County, Colorado, establishing the Patriot Lithium Project. The project hosts several pegmatite bodies previously mined for lithium and beryllium. A reconnaissance rock chip sampling program yielded 243 samples, with lithium minerals identified. CEO Michael Dehn announced plans for an integrated exploration program to evaluate the area, with drilling targets planned for the coming year following necessary permits.

United Lithium Corp. has received confirmation from the US Bureau of Land Management (BLM) regarding the validity of 508 unpatented lode mining claims in South Dakota, covering nearly 16 square miles. This area has historical significance for Lithium-Cesium-Tantalum (LCT) pegmatites. Recent rock chip sampling identified high lithium, beryllium, tin, and cesium concentrations. The company is optimistic about discovering extensions of previously mined high-grade lithium-bearing pegmatites and new targets.

United Lithium Corp. (CSE: ULTH; OTC: ULTHF) has commenced drilling at its Kietyönmäki lithium project in Finland. The initial phase includes a 10-hole drill program, aimed at confirming geological data and modeling a mineralized body exceeding 500,000 tonnes at greater than 1% Li₂O. The company has also expanded the project area by adding 535 hectares, increasing the total land area to 900 hectares. Additional exploration includes 250 bedrock surface samples. United Lithium aims to be a sustainable lithium supplier amid growing demand for lithium-ion batteries.

United Lithium Corp. (CSE: ULTH; OTC: ULTHF) provided an update on its lithium exploration projects in Europe and North America. The Bergby Lithium Project in Sweden has seen 86 new diamond drill holes and a pending assay report. In South Dakota, the Liberty Lithium Project has expanded to 723 claims, with rock chip samples under analysis. Fieldwork at the Kietyönmäki project in Finland has begun, while the Barbara Lake project in Canada is set for a sampling program. The company is focusing on high-potential areas for lithium supply.

United Lithium Corp. (CSE: ULTH; OTC: ULTHF) has acquired over 500 unpatented lode claims covering 15 square miles near Custer, South Dakota, establishing the Liberty Lithium Project. This area, historically known for lithium-beryllium production during WWII, includes pegmatite bodies significant for lithium extraction. A reconnaissance sampling program is underway to enhance exploration efforts. The project aims to meet rising lithium demands for the North American electric vehicle market. Future exploration will follow necessary approvals from the Bureau of Land Management.