United Lithium Receives Swedish National Interest Designation for Bergby Lithium Project
United Lithium Corp. (CSE: ULTH; OTCQX: ULTHF) announced that its Bergby Lithium Project has received a national interest designation from the Geological Survey of Sweden (SGU). This designation recognizes Bergby's potential to supply lithium to Sweden and Europe, protecting the area against measures that could hinder future mining extraction.
The designation supports long-term planning for land use and resource management, highlighting Sweden's position as one of EU's leading mining countries. The SGU, established in 1858, is the government authority overseeing mineral deposit activities and supervises the Mining Inspectorate.
Additionally, the Company granted 117,721 deferred share units (DSUs) to independent directors at $0.212 per DSU for services rendered in Q4 2024.
United Lithium Corp. (CSE: ULTH; OTCQX: ULTHF) ha annunciato che il suo Bergby Lithium Project ha ricevuto una designazione di interesse nazionale dal Servizio Geologico della Svezia (SGU). Questa designazione riconosce il potenziale di Bergby nel fornire litio alla Svezia e all'Europa, proteggendo l'area contro misure che potrebbero ostacolare future estrazioni minerarie.
La designazione supporta la pianificazione a lungo termine dell'uso del territorio e della gestione delle risorse, evidenziando la posizione della Svezia come uno dei principali paesi minerari dell'UE. La SGU, istituita nel 1858, è l'autorità governativa che sovrintende le attività relative ai depositi minerari e supervisa l'Ispettorato Minerario.
Inoltre, la Società ha concesso 117.721 unità azionarie differite (DSU) a direttori indipendenti a $0,212 per DSU per i servizi resi nel quarto trimestre del 2024.
United Lithium Corp. (CSE: ULTH; OTCQX: ULTHF) anunció que su Bergby Lithium Project ha recibido una designación de interés nacional por parte del Servicio Geológico de Suecia (SGU). Esta designación reconoce el potencial de Bergby para suministrar litio a Suecia y Europa, protegiendo el área contra medidas que podrían obstaculizar la futura extracción minera.
La designación apoya la planificación a largo plazo para el uso de la tierra y la gestión de recursos, destacando la posición de Suecia como uno de los principales países mineros de la UE. La SGU, establecida en 1858, es la autoridad gubernamental que supervisa las actividades de depósitos minerales y supervisa la Inspección de Minas.
Además, la Compañía otorgó 117,721 unidades de acciones diferidas (DSUs) a directores independientes a $0.212 por DSU por los servicios prestados en el cuarto trimestre de 2024.
United Lithium Corp. (CSE: ULTH; OTCQX: ULTHF)는 Bergby Lithium Project가 스웨덴 지질 조사(GSU)로부터 국가 중요성 지정을 받았다고 발표했습니다. 이 지정은 Bergby가 스웨덴과 유럽에 리튬을 공급할 수 있는 잠재력을 인정하며, 미래의 광산 채굴을 방해할 수 있는 조치로부터 해당 지역을 보호합니다.
이 지정은 토지 사용 및 자원 관리에 대한 장기 계획을 지원하며, 스웨덴을 EU의 주요 광산 국가 중 하나로 부각시킵니다. 1858년에 설립된 SGU는 광물 매장 활동을 감독하는 정부 기관으로, 광업 감독관을 감독합니다.
추가로, 회사는 2024년 4분기에 제공된 서비스에 대해 독립 이사에게 주당 $0.212에 117,721개의 이연 주식 단위(DSU)를 부여했습니다.
United Lithium Corp. (CSE: ULTH; OTCQX: ULTHF) a annoncé que son Bergby Lithium Project a reçu une désignation d'intérêt national de la part du Service géologique de Suède (SGU). Cette désignation reconnaît le potentiel de Bergby à fournir du lithium à la Suède et à l'Europe, protégeant ainsi la région contre des mesures qui pourraient entraver les futures extractions minières.
Cette désignation soutient la planification à long terme de l'utilisation des terres et de la gestion des ressources, soulignant la position de la Suède en tant que l'un des pays miniers leaders de l'UE. Le SGU, établi en 1858, est l'autorité gouvernementale supervisant les activités concernant les dépôts minéraux et supervise l'inspection minière.
De plus, la Société a attribué 117 721 unités d'actions différées (DSU) à des directeurs indépendants au prix de 0,212 $ par DSU pour les services rendus au quatrième trimestre de 2024.
United Lithium Corp. (CSE: ULTH; OTCQX: ULTHF) gab bekannt, dass das Bergby Lithium Project eine nationale Interessensauszeichnung vom Geologischen Dienst Schweden (SGU) erhalten hat. Diese Auszeichnung erkennt das Potenzial von Bergby an, Lithium für Schweden und Europa bereitzustellen, und schützt das Gebiet vor Maßnahmen, die zukünftige Bergbauaktivitäten behindern könnten.
Die Auszeichnung unterstützt die langfristige Planung für die Flächennutzung und Ressourcenverwaltung und hebt Schwedens Stellung als eines der führenden Bergbauländer der EU hervor. Die SGU, die 1858 gegründet wurde, ist die staatliche Behörde, die die Aktivitäten in Bezug auf mineralische Vorkommen überwacht und das Berginspektorat beaufsichtigt.
Darüber hinaus hat das Unternehmen 117.721 aufgeschobene Aktieneinheiten (DSUs) an unabhängige Direktoren zu einem Preis von 0,212 $ pro DSU für die im vierten Quartal 2024 geleisteten Dienste vergeben.
- Received national interest designation for Bergby Lithium Project, protecting future mining rights
- Project recognized as strategically important for Sweden's and EU's lithium supply
- Enhanced government support for long-term project development
- None.
VANCOUVER, British Columbia, Dec. 16, 2024 (GLOBE NEWSWIRE) -- United Lithium Corp. (“United Lithium” or the “Company”) (CSE: ULTH; OTCQX: ULTHF; FWB: 0UL) is pleased to announce its Bergby Lithium Project (“Bergby”) has received a national interest designation in Sweden. This designation makes Bergby a mineral project of national interest, linked to its potential of providing a future supply of lithium to Sweden and other parts of Europe. The national interest designation was provided by the Geological Survey of Sweden (“SGU”). The Bergby area will be protected against measures that may hinder future mining extraction. The purpose of the designation is to support long-term planning when it comes to land use and resource management.
“Today’s announcement marks a major milestone in our advancement of the Bergby Lithium Project,” stated United Lithium’s President and CEO, Scott Eldridge. “We are very pleased that SGU decided Bergby meets the requirements to receive the national interest designation as an area with future mineral deposit importance. Access to key minerals to support the green energy transition is limited in Europe. Thus, Bergby has the potential to be a very important project to Sweden and the rest of the European Union and is now protected for that purpose. Sweden has had a national definition of mineral deposits of national interest since the 1980s. Furthermore, the country has a long tradition of mining and is currently one of the EU’s leading ore and metal producing countries. One of the main goals of the strategy is to strengthen Sweden’s position as one of EU’s leading mining and mineral countries.”
Founded in 1858, the SGU is the government authority responsible for issues relating to bedrock, soil and groundwater in Sweden, and supervises all mineral deposit activities, including surveys and extractions. Two advisory bodies lead the SGU: the Advisory Council for Mineral Resources and the Advisory Council for Minerals Exploration. The SGU is the governing authority of the Mining Inspectorate, which issues permits for exploration and exploitation of mineral deposits in Sweden.
DSU Grants
The Company also announces that it has granted an aggregate of 117,721 deferred share units (each a "DSU") to its independent directors at a deemed price of
About the Bergby Project
Bergby consists of ten exploration licenses covering 7,897 ha located near the coast of the Gulf of Bothnia in central Sweden. The Project is approximately 200 km north of Stockholm via highway E4 and 25 km north of the city of Gävle, within an area of significant infrastructure including highway and road access, railway, power, and the port of Norrsundet. Gävle is a proximal labour and supply hub. Furthermore, Bergby is 570 km south of the new Northvolt lithium battery gigafactory located in Sweden, and 440 km across the Gulf of Bothnia from Keliber Lithium’s hydroxide plant currently under construction. The Project now comprises five drill-confirmed spodumene bearing pegmatites (Pegmatite A to E), with a combined strike length of more than 4,000 m. There are unexplained spodumene-bearing boulder trains and much of the property remains unexplored, highlighting the excellent potential at Bergby for further discovery.
On Behalf of The Board of Directors
“Scott Eldridge”
President, Chief Executive Officer and Director
Telephone: +1-604-428-6128
Email: scott@unitedlithium.com
About United Lithium Corp.
United Lithium Corp. (CSE: ULTH) 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 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” and “forward-looking information” within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the potential of the Bergby Project; the potential for Bergby to supply lithium to Sweden and/or other parts of Europe in the future; the potential for this national interest designation to support future permitting objectives at Bergby. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, “potential”, “target”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof.
Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; contests over title to properties; changes in project parameters as plans continue to be refined; and impact of the COVID-19 pandemic. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of lithium and other metals and minerals; the demand for lithium and other metals and minerals; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
The Canadian Securities Exchange has not approved nor disapproved the contents of this news release and does not accept responsibility for the adequacy or accuracy of this release.
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