United Lithium Acquires Swedish Minerals AB Expanding Its Nordic Critical Minerals Platform to Include Uranium and Rare Earth Elements

About this update from United Lithium Corp

VANCOUVER, British Columbia, Jan. 26, 2026 (GLOBE NEWSWIRE) -- UNITED LITHIUM CORP. (“United” or the “Company”) (CSE: ULTH; OTCQX: ULTHF; FWB: 0UL)  is pleased to announce that it has acquired all of the issued and outstanding shares of Swedish Minerals AB (“SM” or “Swedish Minerals”), an arm’s length Swedish corporation, for total consideration of approximately $3,600,500 (the “Transaction”), in accordance with the share exchange agreement dated December 10, 2025 (the “Agreement”) among United, SM and the shareholders of SM (the “SM Shareholders”). The acquisition significantly expands United’s Nordic strategic metals platform through the addition of a large uranium and rare earth exploration portfolio in Finland and Sweden. Transaction Summary Pursuant to the terms of the Agreement, on closing of the Transaction: “Closing the acquisition of Swedish Minerals is a major milestone for United Lithium and significantly expands our footprint in Northern Europe. With this transaction, we’ve added a large, high-quality uranium and rare earth exploration portfolio to complement our lithium development assets, positioning the Company to participate in both the clean energy transition and the growing focus on nuclear power in Europe,” commented Andrew Bowering, Interim CEO of United. “I’d like to welcome Jonathan Franklin and Sebastian Bergenwall to the Board and congratulate Jonathon on his appointment as President. I also want to thank Scott Eldridge and Robert Schafer for their contributions as we move into this next phase of growth.” Management and Board Appointments Mr. Franklin is an economic geologist with over seven years of experience across Australia, Sweden, and Finland. He has strong project management experience, having executed exploration programs ranging from early-stage mapping through to resource definition drilling. Mr. Franklin previously served as CEO for Swedish Minerals. Mr. Bergenwall is a Swedish entrepreneur and the co-founder of Swedish Minerals. Mr. Bergenwall also co-founded and serves as Executive Vice President and Director of Scandinavian Resources, a privately held, royalty-focused company with a prospect generator model. Furthermore, Mr. Bergenwall co-founded Quantum Mining Tech AB, a Sweden-based software technology company integrating AI with traditional analytics to improve accuracy and performance of data g...

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