UNITED LITHIUM CORP - ULTHF STOCK NEWS

United Lithium Corp. (CSE: ULTH; OTCQX: ULTHF; FWB: 0UL) has launched its 2024 Exploration Program across five 100% owned properties in Finland, covering over 105,000 hectares of prospective lithium-bearing terrain. The program, which began in early June, focuses on systematic exploration, mapping, and sampling of Lithium-cesium-tantalum (LCT) type pegmatites at the Kietyönmäki Project and the Kannus, Kova, Kast, and Salkola property reservations.

The exploration aims to identify undiscovered LCT-pegmatites and define potential drilling targets. A team of 8 geologists is conducting the fieldwork, expected to continue until early September. The company's expanded land package is now one of the largest lithium portfolios in Finland, a country known for its geology conducive to hosting lithium deposits.

United Lithium has announced new assay results from its 2023 drilling program at the Bergby Lithium Project in Sweden. The combined strike length of all five lithium-bearing pegmatites now exceeds 4,000 meters. Highlights include significant findings from Pegmatites D and E with notable lithium concentrations. Pegmatite D showed up to 1.48% Li2O over 4.76 meters, while Pegmatite E reported up to 1.71% Li2O over 5.76 meters. The project, including the recently added Axmarby property, spans over 21,000 hectares, and much remains unexplored. United Lithium aims to continue expanding its exploration efforts to further define the lithium-rich zones.

United Lithium announced the acquisition of the Kannus property in Western Finland, expanding its land position by 15,225 hectares. This property is strategically located near the Keliber Lithium deposit, Europe's first mine-to-market lithium project. The reservation is valid until Q2 2025, allowing United Lithium to conduct fieldwork and potentially convert the property into an exploration permit. The company aims to leverage Finland's underexplored lithium potential, supported by the upcoming EU Critical Raw Materials Act. CEO Scott Eldridge highlighted the company's growing portfolio in the Nordics and early signs of promising geological formations.

United Lithium Corp. has expanded its holdings in Finland and Sweden by acquiring three new properties, increasing its total land position by nearly 300%. The properties are located in highly prospective geological terrains capable of hosting lithium-bearing pegmatites. The Company acquired the rights to these properties by purchasing the issued and outstanding common shares of two private companies, PR1 Finland Oy and Scandinavian Battery Metals. This strategic move aligns with the growing demand for domestic sources of raw materials in Europe, particularly in the EV market, and positions United Lithium well for future growth and shareholder value.

The Company paid AUD$20,112 to Pure Resources and made payments of CAD$40,050 and USD$110,984 to acquire the properties. Pure Resources will retain a 2% NSR Royalty on two of the properties, with a buyback option available to United Lithium. The acquisition enhances the Company's portfolio and strengthens its presence in the Nordic region.