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United Lithium Enters Into Definitive Agreement to Acquire Swedish Minerals AB, Advancing Nordic Strategic Metals Platform
VANCOUVER, British Columbia, Dec. 10, 2025 (GLOBE NEWSWIRE) -- UNITED LITHIUM CORP. (“United” or the “Company”) (CSE: ULTH; OTCQX: ULTHF; FWB: 0UL) is pleased to announce that, further to its news release dated October 17, 2025, it has entered into a definitive Share Exchange Agreement (the “Agreement”) with Swedish Minerals AB (“SM”), an arm’s length Swedish corporation, and the shareholders of SM, pursuant to which United will acquire all of the issued and outstanding shares of SM (the “Transa
About this update from United Lithium Corp
VANCOUVER, British Columbia, Dec. 10, 2025 (GLOBE NEWSWIRE) -- UNITED LITHIUM CORP. (“United” or the “Company”) (CSE: ULTH; OTCQX: ULTHF; FWB: 0UL) is pleased to announce that, further to its news release dated October 17, 2025, it has entered into a definitive Share Exchange Agreement (the “Agreement”) with Swedish Minerals AB (“SM”), an arm’s length Swedish corporation, and the shareholders of SM, pursuant to which United will acquire all of the issued and outstanding shares of SM (the “Transaction”). Transaction Summary Pursuant to the terms of the Agreement: A transaction finder’s fee will be payable to a third-party finder consisting of the lesser of 835,000 Shares (pre-consolidation) and the maximum number permitted under CSE policies, at a deemed price of $0.20 per Share, and $22,500 in cash, subject to completion of the Transaction and delivery of customary documentation. The finder is at arm’s length to United and SM. Strategic Rationale The Transaction seeks to unite United’s lithium development portfolio with SM’s high-grade uranium and rare earth assets, spanning Finland and Sweden—two of Europe’s most mining-friendly and energy-independent jurisdictions. The combined company will be positioned as a leading Nordic-based explorer supporting Europe’s accelerating clean energy transition and nuclear power resurgence. SM’s uranium division controls one of the largest privately held uranium portfolios in the EU, including: The properties are strategically located in regions with established infrastructure and mining activity, providing a strong foundation for future exploration and development. Closing Conditions The Transaction is subject to customary conditions, including satisfactory due diligence, board and management appointments, execution of the royalty agreement, and receipt of all necessary regulatory and CSE approvals. There can be no assurance that the Transaction will be completed as contemplated or at all. On Behalf of The Board of Directors“Andrew Bowering”Interim Chief Executive OfficerTelephone: +1-604-428-6128 About United Lithium United Lithium is an exploration & development company energized by the global demand for lithium. The Company is targeting lithium projects in politically safe jurisdictions with advanced infrastructure that allows for rapid and cost-effective exploration, development, and p...
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