United Lithium Announces $1.2 Million Private Placement

About this update from United Lithium Corp

VANCOUVER, British Columbia, May 06, 2026 (GLOBE NEWSWIRE) -- United Lithium Corp. (“United Lithium” or the “Company”) (CSE: ULTH; OTCQB: ULTHF; FWB: 0UL) announces today that the Company intends to complete a non-brokered private placement (the “Offering“) consisting of up to 8,000,000 units (each, a “Unit”) of the Company at a price of $0.15 per Unit for gross proceeds of up to $1,200,000. Each Unit is comprised of one common share (each, a “Share”) and one-half (1/2) common Share purchase warrant (each, a “Warrant”) entitling the holder to acquire one additional Share at a price of $0.20 for a period of twenty-four (24) months. The Company intends to use the net proceeds raised from the Offering for general working capital purposes and for continued exploration of the Company’s properties. All securities issued in the Offering will be subject to a statutory four-month hold period. Closing of the Offering is subject to receipt of all required regulatory approvals, including approval from the Canadian Securities Exchange (the “CSE”). This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. On Behalf of The Board of Directors “Andrew Bowering” Interim Chief Executive Officer Telephone: +1-604-428-6128 About United Lithium Corp. United Lithium is an exploration & development company focused on the global demand for lithium, uranium and rare earth elements. The Company is targeting lithium, uranium and rare earth element projects in politically safe jurisdictions with advanced infrastructure that allows for rapid and cost-effective exploration, development, and potential production opportunities. The Company’s consolidated financial statements and related management’s discussion and analysis are available on the Company’s website at https://unitedlithium.com or under its profile on SEDAR+ at www.sedarplus.ca. Forward-Looking Statements This news release includes “forward-looking statements”...

View stock analysis, news, and events for United Lithium Corp