United Lithium Corp. Welcomes Robert Schafer to Board of Directors

Rhea-AI Summary

United Lithium Corp. has appointed Robert Schafer to its board of directors, effective immediately. With over 30 years of international geological experience, Schafer's notable contributions include discoveries in the western USA and strategic advancements in Canada, southern Africa, and Russia. He holds prestigious roles in mining associations and has received several awards for his achievements. The Company also engaged Digitonic Ltd. for $166,000 to enhance public awareness of its activities and opportunities. This management change is expected to bolster United Lithium's leadership and strategic approach.

Positive

• Appointment of Robert Schafer adds over 30 years of geological expertise to the board.
• Schafer has a track record of successful mineral discoveries and recognized leadership in mining associations.
• Engaging Digitonic Ltd. for $166,000 may boost public awareness and investment interest.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / February 22, 2021 / United Lithium Corp. (CSE:ULTH)(OTC PINK:ULTHF)(FWB:0UL) (the "Company") is pleased to announce the appointment of Robert Schafer to the Company's board of directors effective immediately.

Mr. Schafer brings over 30 years of international experience as a geologist exploring for mineral deposits in more than 70 countries. As an executive, manager and field geologist with companies including BHP, Kinross and Hunter Dickinson, Mr. Schafer led teams to the discovery of several deposits in the western USA , as well as developing strategies that led to brownfields discoveries in western Canada, southern Africa and far east Russia.

Additionally, Mr. Schafer is the 2020-21 President of the Society for Mining, Metallurgy and Exploration (SME) in the USA. He is also past President of the Prospectors and Developers Association of Canada (PDAC) as well as past President of the Canadian Institute for Mining, Metallurgy and Petroleum (CIM) and the Mining and Metallurgical Society of America (MMSA). Mr. Schafer also served as a member of the Board of Directors for both the Canadian Mining Hall of Fame and National Mining Hall of Fame in the USA. He is the recipient of the William Lawrence Saunders Gold Medal from the American Institute of Mining, Metallurgical and Petroleum Engineers (AIME) and the Daniel C. Jackling Award from SME for career achievements, two of the highest mining recognitions in the USA.

Mr. Schafer has earned graduate degrees in both geology and mineral economics, is a Registered Professional Geologist, a Certified Corporate Director, and is a Fellow of the SME, CIM and SEG.

In connection with the appointment, the Company has granted Mr. Schafer 250,000 incentive stock options at a price of $1.18 for a period of five years.

Michael Dehn, President and CEO of United Lithium states, "it is an honour and a pleasure to have Bob join the board of United Lithium. His international expertise and recognition, and geological and transactional skills and talents are well appreciated as additions to the United Lithium board of directors."

In addition, the Company has engaged Digitonic Ltd. in the amount of USD $166,000 to provide marketing and publication services to assist in creating and increasing public awareness of United Lithium's activities, strategic plans and investment opportunities.

On Behalf of The Board of Directors
Michael Dehn
Chief Executive Officer

Investor Relations
(604) 259-0889
ir@unitedlithium.com

Forward-Looking Statements Caution. This news release contains "forward-looking information" within the meaning of applicable securities laws relating to statements regarding the Company's business, products and future of the Company's business, its product offerings and plans for marketing. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements. Except as required by law, the Company expressly disclaims any obligation and does not intend to update any forward-looking statements or forward- looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct and makes no reference to profitability based on sales reported. The statements in this news release are made as of the date of this release.

SOURCE: United Lithium Corp.

View source version on accesswire.com:
https://www.accesswire.com/630931/United-Lithium-Corp-Welcomes-Robert-Schafer-to-Board-of-Directors

FAQ

What are the qualifications of Robert Schafer, the new board member of United Lithium (ULTHF)?

Robert Schafer has over 30 years of international experience in geology, significant leadership roles in various mining associations, and has received multiple prestigious awards for his contributions to the field.

What is the impact of Robert Schafer's appointment on United Lithium (ULTHF)?

Schafer's appointment is anticipated to enhance the company's strategic direction with his extensive experience in discovering mineral deposits and leading teams in the mining sector.

How much is United Lithium spending on marketing services with Digitonic Ltd.?

United Lithium has engaged Digitonic Ltd. for $166,000 to provide marketing and publication services aimed at increasing public awareness of the company's activities and strategic plans.

What are the stock options granted to Robert Schafer as a new director of United Lithium (ULTHF)?

Robert Schafer has been granted 250,000 incentive stock options at a price of $1.18 for a period of five years.