United Lith Stock Price, News & Analysis

United Lithium Corp. (CSE: ULTH; OTC: ULTHF) has completed the acquisition of 83.6% of the Kietyönmäki lithium project in Finland from Sunstone Metals Limited and other partners. The deal involved a cash payment of $420,000 and the issuance of 871,803 shares at approximately $0.48 each, with a phased release over eight months. The Kietyönmäki project, first discovered by the Finnish Geological Survey, has shown promising lithium grades in past drilling, with samples indicating substantial lithium mineralization. This acquisition positions United Lithium to leverage the growing demand for lithium.

United Lithium Corp. (CSE: ULTH; OTC: ULTHF) announced progress in its lithium hydroxide testing program, with results expected by end of February. Ongoing tests examine various operational parameters to improve process efficiency. Dr. Abdul Halim, CTO of Process Research Ortech Inc., leads the initiative, aiming for innovative production methods and cost reductions. United Lithium is also exploring value-added products from mining by-products, highlighting its commitment to environmentally friendly practices amid a growing demand for lithium.

United Lithium Corp. (ULTHF) announced significant findings from its Bergby Lithium project in Sweden, where a new spodumene-bearing pegmatite was discovered. The discovery hole, BBY21069, intersected 47.75 m of 1.34% Li2O at a true thickness of around 10 m. Drilling has confirmed the pegmatite extends over 225 m in strike length and remains open for further exploration. Ongoing drilling aims to extend the pegmatite zone, with additional targets anticipated in 2022. This discovery is positioned 750 m from the original pegmatite found in 2017, showcasing potential for further mineralization.

United Lithium Corp. (OTC: ULTHF) has successfully drilled 42 holes totaling 3730m at the Bergby Lithium Project in Sweden. Notably, discovery hole BBY21069 revealed 47.75m of 1.34% Li₂O, indicating significant lithium potential. The true thickness of this spodumene-bearing pegmatite is estimated at 10m. The company plans further drilling to test extensions of this pegmatite and anticipates additional discoveries in the unexplored Bergby region. The positive results enhance the strategic position of ULTHF in the lithium market.

United Lithium Corp. (ULTHF) has completed a series of roasting tests on spodumene feedstock, achieving lithium oxide recoveries ranging from 70.57% to 97.30%. The tests utilized both conventional and microwave roasting techniques to develop a sustainable lithium extraction process. The results will inform a final flow sheet for pilot plant testing later this year. The company aims to enhance efficiency and reduce the carbon footprint of lithium oxide production. Ongoing tests focus on optimizing the roasting process further.

United Lithium Corp. (CSE: ULTH; OTC: ULTHF) has filed its final short form base shelf prospectus, enabling the issuance of up to $150 million in common shares, warrants, and other securities over a 25-month period. The company can offer these securities in various combinations, capitalizing on market conditions as they arise. CEO Michael Dehn emphasized that this filing enhances the company's ability to swiftly seize financing opportunities and pursue strategic acquisitions in the lithium sector. The prospectus details are available on the company's SEDAR profile.

United Lithium Corp. (CSE: ULTH; OTC: ULTHF) has announced an agreement to acquire 83.6% of Litiumlöydös, a Finnish company holding mining licenses for the Kietyönmäki Lithium project. The acquisition will cost $420,000 in cash and 697,442 common shares valued at $0.6022 each, with restrictions on share release set for four and eight months post-closing. This acquisition aims to enhance United Lithium's portfolio in the lithium sector, but is subject to customary regulatory approvals. The deal replaces a previous letter of intent from May 2021.

United Lithium Corp. (CSE: ULTHF) reported successful lithium purification test results, achieving approximately 99.1% purity in produced lithium carbonate (Li₂CO₃). The tests, overseen by Dr. Abdul Halim at Process Research Ortech, demonstrated excellent recovery rates of Li₂O from flotation concentrates. Following this achievement, the company plans to initiate test work for direct lithium hydroxide production from spodumene concentrate, aiming to optimize processes for lower environmental impact.

United Lithium Corp. (CSE: ULTH; OTC: ULTHF) reported progress on its Bergby Lithium Project with new high-grade spodumene-rich boulders discovered. Notable assay results include boulders with lithium oxide content of up to 3.15% Li₂O. The company has also applied for an additional 370-hectare claim, expanding its land package to over 10,828 hectares. Ongoing mapping and sampling confirm the expanding presence of lithium mineralization in the region.