United Lith Stock Price, News & Analysis

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.

United Lithium Corp. (CSE:ULTH, OTC PINK:ULTHF) has signed a Letter of Intent to acquire 100% of the Kietyönmäki lithium project from Sunstone Metals and others. Historical drilling results show promising lithium mineralization, with notable intersections of lithium oxide (Li2O) such as 24.25m at 1.31% Li2O. The project is strategically positioned to meet the growing lithium demand in Europe. The companies will enter an exclusivity period to finalize the agreement, although no assurances are made regarding the completion of the transaction.

United Lithium Corp. (CSE:ULTH)(OTC PINK:ULTHF) has completed its acquisition of Bergby Lithium AB from Leading Edge Materials Corp. This acquisition grants United Lithium 100% ownership of the Bergby Lithium project located in Sweden. The purchase involved CAD$250,000 in cash, issuance of 1,031,864 common shares, and 400,000 common share purchase warrants. An additional CAD$250,000 will be paid later in 2021. The company is also committed to investing CAD$1,000,000 in exploration work on the project by October 2022.

United Lithium Corp. (CSE:ULTH)(OTC PINK:ULTHF) has partnered with Process Research Ortech Inc. to develop a leaching and purification protocol for lithium extraction from hard rock deposits. The program aims to create preliminary mineral processing flow-sheets that optimize lithium recovery, with an expected timeline of 16-22 weeks. This partnership aligns with the growing demand for lithium, particularly in battery production, as consumption for lithium-ion batteries is projected to rise to 66% by 2025.

United Lithium Corp (CSE:ULTH)(OTC PINK:ULTHF) announces the appointment of Mark Saxon as Qualified Person and advisory board member. Saxon brings over 25 years of experience, having previously led the discovery of significant lithium and rare earth projects in Sweden. His expertise is expected to accelerate the development of the Bergby lithium project, vital for local battery sourcing in Europe. The company granted Saxon 150,000 stock options at $1.22, reflecting confidence in his leadership.

United Lithium Corp. has successfully closed a private placement offering, issuing 13,939,394 special warrants at a price of $0.66, raising gross proceeds of $9,200,000.04. Each warrant can be converted into one unit comprising one common share and half a warrant, allowing purchase of a common share at $0.85 for 24 months. The funds will be allocated to working capital and future acquisitions. The offering is subject to a four-month hold period and will not be offered in the U.S.

United Lithium Corp. (CSE:ULTH, OTC PINK:ULTHF) plans to acquire the Bergby Lithium Project in Sweden, expecting completion in Q2 2021. Following the acquisition, a comprehensive drilling program of 9,000 meters is scheduled to commence, divided into three phases. Phase One includes 3,000 meters of drilling over six weeks, complemented by heliborne magnetic and radiometric surveys. Subsequent phases aim to further define lithium mineralization and establish resource calculations. CEO Michael Dehn emphasizes the project's strategic advantages for stakeholders.