Welcome to our dedicated page for UBMCF news (Ticker: UBMCF), a resource for investors and traders seeking the latest updates and insights on UBMCF stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect UBMCF's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of UBMCF's position in the market.
United Battery Metals Corp. is set to change its name to United Lithium Corp. along with a new ticker symbol ULTH. This change is pending approval from the Canadian Securities Exchange and is expected to take effect on October 28, 2020. The transition to a more focused name reflects the company’s strategic direction in the lithium sector. The company aims to better align itself with market trends and investor interests in lithium, a critical component for battery technology.
United Battery Metals Corp. has completed the amalgamation with its subsidiary, 1263391 B.C. Ltd., and 1257590 B.C. Ltd., as announced on October 14, 2020. Following this transaction, the Company issued a total of 11,500,000 common shares to the shareholders of 125 and 109,965 common shares to the owner of the Barbara Lake Lithium Property. This acquisition allows UBM to indirectly hold an option for acquiring up to 100% of the property, which spans 2,147 hectares in Ontario, Canada.
United Battery Metals Corp. (CSE:UBM)(OTC PINK:UBMCF) has initiated a new marketing campaign in collaboration with Promethean Marketing, Inc.. The campaign aims to enhance visibility among U.S. investors. As part of this initiative, the Company will pay Promethean a total of USD$250,000 to devise and disseminate advertising content over a period of 90 days. This strategic move is anticipated to improve investor engagement and brand recognition in the U.S. market.
United Battery Metals Corp. (CSE:UBM, OTC PINK:UBMCF) announced the appointment of Aman Parmar to its board of directors. Parmar brings over 12 years of experience across various sectors, including resources and healthcare. Additionally, the company completed a private placement, issuing 6,028,505 common shares at $0.35, raising approximately $2.11 million for working capital and potential asset acquisitions. The placement included finders' commissions totaling $60,379.20 and warrants convertible at the same share price.
United Battery Metals Corp. (CSE:UBM)(OTC PINK:UBMCF) announced the settlement of $199,924.81 in debt through the issuance of 807,777 common shares at a value of $0.2475 per share.
CEO Michael Dehn participated in the settlement, receiving 383,535 shares, which qualifies as a related party transaction. The company is relying on exemptions from formal valuation and minority approval requirements under Multilateral Instrument 61-101.
All shares are subject to a four-month hold period as per securities laws.
United Battery Metals Corp. announced a binding amalgamation agreement with 1257590 B.C. Ltd. to acquire all outstanding shares of the target company, gaining an option for up to 100% of the Barbara Lake Lithium Property. The property spans approximately 2,147 hectares and is located in an active lithium exploration area in Ontario. Additionally, UBM plans a private placement of up to 5.71 million shares at $0.35 each for gross proceeds of up to $2 million to fund expenditures related to the option.
United Battery Metals Corp. (CSE:UBM) (OTC PINK:UBMCF) has completed a private placement of 19,998,858 units at $0.11 per unit, generating total gross proceeds of $2,199,874.38. Each unit includes a common share and a warrant priced at $0.25, valid for 24 months. The funds will be used for working capital and further exploration of lithium and battery material properties. All issued securities will have a four-month hold period and the transaction is pending approval from the Canadian Securities Exchange.
United Battery Metals Corp. has completed a private placement of 19,998,858 units at $0.11 per unit, generating gross proceeds of $2,199,874.38. Each unit includes a common share and a warrant exercisable at $0.25 for 24 months. The funds will be used for working capital and to seek lithium and battery material properties. The placement is subject to CSE approval and all issued securities are subject to a four-month hold period.
