United Lith Stock Price, News & Analysis

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.

United Lithium Corp. (CSE: ULTH; OTC: ULTHF) announced positive results from flotation testing of spodumene-rich pegmatite, showing up to 8.39% Li₂O in concentrate and recovering 70.3% of Li₂O. The innovative flotation technology aims to streamline lithium recovery from hard rock deposits. Spodumene prices surged by 86% in September due to tight supply and rising chemical costs in China. The company plans further tests at its lithium projects in Ontario and Sweden, driving towards a sustainable lithium production process.

United Lithium Corporation (CSE: ULTH; OTC: ULTHF) announced significant progress at the Bergby Lithium Project in Sweden, revealing new lithium-bearing boulder trains unrelated to previously drilled pegmatites. Notable lithium grades include 3.01% Li2O and 2.82% Li2O. The company's claim area has expanded to 10,458 hectares, with ongoing soil sampling and core drilling expected until year-end. Swedish Prime Minister Stefan Löfven emphasized the need for more mines to support climate initiatives, reflecting governmental backing for lithium mining.

United Lithium Corp. (CSE:ULTH, OTC PINK:ULTHF) has announced the automatic exercise of 13,939,394 Special Warrants as of September 9, 2021, converting them into Units at a ratio of 1.14 per Warrant. Each Unit consists of one common share and half a Common Share purchase warrant. Warrant holders can acquire shares at $0.85 until March 8, 2023. Additionally, compensation and advisory options issued will allow the purchase of Units at $0.66 per option until the same date. The company continues to target lithium projects in stable jurisdictions to meet global lithium demand.

United Lithium Corp. (CSE:ULTH) has announced the revocation of the cease trade order (CTO) by the British Columbia Securities Commission (BCSC), allowing its common shares to resume trading on the Canadian Securities Exchange. This follows the previous news release dated July 26, 2021. The company, focusing on lithium exploration and development in safe jurisdictions, aims to capitalize on the rising demand for lithium. For more information, financial statements can be accessed through their website and SEDAR profile.