Constellation Acquisition Corp I reported that Ian Rodger, CEO of HiTech Minerals and incoming CEO of US Elemental Inc., will participate in a Water Tower Research Fireside Chat on July 16, 2026 to discuss their proposed business combination and the anticipated Nasdaq listing of US Elemental under the ticker "ULIT".
US Elemental is described as a U.S. lithium development company advancing the McDermitt Lithium Project in Oregon and the Clayton North Project in Nevada. The SPAC partners, including Jindalee Lithium and Constellation’s sponsor Antarctica Capital, note that a Registration Statement on Form S-4 has been filed, which will include a proxy statement/prospectus for Constellation shareholders before any vote on the transaction.
The disclosure includes extensive forward-looking statement and risk-factor language, states that the communication is not an offer or solicitation for any securities, and directs investors to the Registration Statement, Constellation’s Annual Report on Form 10-K and future SEC filings for detailed information about the transaction and related risks.
Constellation Acquisition Corp I (CSTA) furnished Regulation FD disclosure that Water Tower Research will host a virtual conversation on July 16, 2026 at 14:00 pm ET with Ian Rodger, CEO of HiTech Minerals Inc., to discuss the proposed business combination among CSTA, HiTech and US Elemental Inc. ("PubCo") and the anticipated Nasdaq listing of PubCo. The filing states the parties are preparing a Registration Statement on Form S-4 that will include a proxy statement and prospectus to be distributed to CSTA shareholders in connection with the meeting and vote on the Business Combination.
Constellation Acquisition Corp I reported that Water Tower Research distributed an invitation for a virtual conversation on July 16, 2026, at 14:00 pm ET with HiTech Minerals Inc.’s CEO to discuss the proposed business combination among Constellation, HiTech and US Elemental Inc. (PubCo) and the anticipated Nasdaq listing of PubCo.
The exhibit describes U.S. Elemental as a U.S.-focused critical minerals company whose flagship McDermitt Lithium Project in Oregon contains approximately 21 tons of lithium carbonate equivalent (LCE) with an estimated 63-year mine life, supported by a 2024 prefeasibility study and FAST-41 permitting status. The disclosure is furnished under Regulation FD and includes detailed forward‑looking statements and no‑offer disclaimers regarding the business combination and related securities.
Constellation Acquisition Corp I obtained an additional short-term funding draw to keep its SPAC process alive for another month. On June 26, 2026, the company drew $5,000 of extension funds under an unsecured promissory note with Constellation Sponsor LP and deposited this amount into its trust account for public shareholders.
This deposit extends the deadline to complete an initial business combination from June 29, 2026 to July 29, 2026. The filing states this is the fifth of up to eleven one‑month extensions allowed under its governing documents. The note bears no interest and will mature when the initial business combination closes. If no transaction occurs, the note will be repaid only from cash remaining outside the trust account, if any, preserving the trust for public shareholders.
Constellation Acquisition Corp. I filed a press release from Jindalee Lithium Limited noting that its 100%-owned US subsidiary, HiTech Minerals Inc., signed a Memorandum of Understanding with RESOLVE, Inc. to explore creation of a voluntary Stewardship Area in the Oregon-Nevada McDermitt Caldera region where HiTech is advancing the McDermitt Lithium Project.
The MoU establishes a framework for stakeholder and rightsholder engagement, including Tribal Nations, technical assessment and identification of lands for potential protection, restoration or stewardship investment. The MoU is nonbinding and does not commit to funding, land area or regulatory outcomes; HiTech may consider funding stewardship measures subject to meeting McDermitt Lithium Project development milestones. The release also highlights Jindalee's completed Pre-Feasibility Study and references regulatory filings related to a proposed Transaction and Registration Statement on Form S-4.
Constellation Acquisition Corp. I and Jindalee Lithium plan a SPAC merger to form US Elemental, with management targeting a Nasdaq listing in the second half of 2026.
The transaction will leave Jindalee with an approximately 80% stake in US Elemental, and the company says the McDermitt lithium project in Oregon will be the new entity's centerpiece. Jindalee completed a pre-feasibility study in late 2024 outlining a projected mine life of more than 60 years using a fraction of the resource base.
Execution milestones disclosed include preparing an S-4 registration statement, a planned in-fill drilling campaign and a full feasibility study starting in H2 2026 with a target completion by the end of 2027, and an aim to secure key federal permits by the end of 2028. McDermitt was named among the first ten projects in the federal FAST-41 permitting initiative.
Constellation Acquisition Corp. I circulated a communication describing comments from US Elemental’s CEO about rapidly rising lithium demand, supply-chain constraints and China’s pricing pressure, and it reiterated that a Registration Statement and proxy/prospectus will be filed in connection with a proposed business combination involving US Elemental.
The communication includes forward-looking statements about demand, project funding, capitalization, potential government support and transaction risks; it directs readers to the Registration Statement and Form S-4 materials for full details and urges shareholders to review the proxy/prospectus when available.
Constellation Acquisition Corp. I filed a Form S-4 registration statement to effect a proposed business combination that would list US Elemental Inc. on Nasdaq under the ticker ULIT. The transaction implies a pro forma enterprise value of $576 million and is expected to close in the second half of 2026, subject to regulatory and shareholder approvals.
Upon closing, US Elemental would hold the McDermitt Lithium Project in Oregon, with a reported mineral resource estimate of approximately 21.5 million tonnes of LCE, and the Clayton North Project in Nevada. The Registration Statement and related proxy/prospectus will be filed with the SEC and mailed to Constellation shareholders after effectiveness.
Constellation Acquisition Corp. I filed a Form S-4 that registers the proposed business combination creating US Elemental, which would hold Jindalee Lithium’s US assets including the McDermitt Lithium Project. The S-4 filing begins the SEC review; closing remains targeted for 2H 2026 and is subject to shareholder approvals and NASDAQ listing approval.
The S-4 discloses an intended PIPE of approximately US$20–30 million. Jindalee is expected to retain a majority interest of 80% or more in US Elemental at completion, subject to customary adjustments. Jindalee will hold a shareholder meeting on 30 June 2026 and hosts an investor webinar on 3 June 2026.
Constellation Acquisition Corp I drew $5,000 under an unsecured promissory note with Constellation Sponsor LP and deposited the funds into its trust account. This small advance allows the SPAC to extend the deadline to complete its initial business combination from May 29, 2026 to June 29, 2026.
The extension is the fourth of up to eleven one-month extensions permitted by its governing documents, giving the company additional time to finalize a transaction. The note bears no interest and is scheduled to mature when a business combination closes. If no deal is completed, repayment will only come from cash held outside the trust account.