United Lith Stock Price, News & Analysis

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.

United Lithium Corp. has appointed Robert Schafer to its board of directors, effective immediately. With over 30 years of international geological experience, Schafer's notable contributions include discoveries in the western USA and strategic advancements in Canada, southern Africa, and Russia. He holds prestigious roles in mining associations and has received several awards for his achievements. The Company also engaged Digitonic Ltd. for $166,000 to enhance public awareness of its activities and opportunities. This management change is expected to bolster United Lithium's leadership and strategic approach.

United Lithium Corp (CSE:ULTH, OTC PINK:ULTHF) has announced a best-efforts private placement offering of special warrants, aiming to raise between $5 million and $8 million at a price of $0.66 per warrant. Each warrant can be converted into a unit consisting of one common share and half a warrant for an exercise price of $0.85. The offering is expected to close around the week of March 5, 2021, and the net proceeds will be utilized for working capital and potential acquisitions. The deal is subject to regulatory approvals.

United Lithium Corp. has announced a definitive agreement to acquire 100% of the share capital of Bergby Lithium project from Leading Edge Materials for a total of $250,000 cash, 1,031,864 shares, and 400,000 warrants. The project, located in central Sweden, covers 1,903 hectares and has identified lithium mineralization through previous drilling campaigns. United Lithium commits to spend $1,000,000 on exploration within 18 months following the acquisition, with certain shares subject to escrow restrictions. The deal enhances the company's lithium portfolio amid growing market demand.