Company

OVERVIEW

United Lithium Corporation (CSE: ULTH ¦ OTC: ULTHF ¦ FWB 0ULA) is an exploration & development company energized by the global demand for lithium. The company is actively working prospective locations in central Sweden, in Finland and in Canada’s Lithium Sector where regional deposits and mining operations along with advanced infrastructure allows for rapid and cost-effective exploration, development & production opportunities. 

Management team

Michael Dehn

President, CEO & Director

With over 25+ years of experience in the mining industry, he worked as an exploration geologist and later as a Senior Geologist with Goldcorp Inc. Michael has been a director and officer of publicly traded and private junior mining companies. His expertise lies in grassroots to advanced minerals exploration, and marketing and financing junior companies.

Michael has extensive experience in lithium and cobalt exploration and processing.

Faizaan Lalani

CFO & Director

Mr. Lalani is an accounting and finance professional with over 10 years of experience covering audit, financial reporting, corporate finance, and operations management. Mr. Lalani previously worked in the audit and assurance group at PricewaterhouseCoopers LLP, Canada, where he obtained his CPA, CA designation, gaining vast experience in accounting practices in both the public and private sectors during his tenure.

 Mr. Lalani has also served as a Senior Accountant for PortLiving, a Vancouver based real estate development company, since 2016 and, from 2014 to 2016, Mr. Lalani served as a Senior Accountant with Century Group, a Vancouver real estate development company. Mr. Lalani currently serves as a director and Chief Financial Officer of Soldera Mining Corp., and a director of IMC International Mining Corp.

Projects: Barbara Lake, Bergby & Kietyönmäki

(Click on map pin icons below to visit projects)

Why Lithium?

The power storage capability of Lithium-Ion batteries and their application in sustainable power generation systems, EV vehicles and in the reduction of our global carbon footprint drives inevitable market growth in the sector.

Hydrocarbons powered the world for over a century.

The lithium-ion battery provides a tremendous energy storage capacity relative to size/weight. 

By having that energy available when we need it, we can capture energy when we don’t need it. Lithium stores energy efficiently and in a usable format, which creates new possibilities for renewable energy generation. Wind, tidal, geothermal – all are sources of energy which become much more viable now that the issue of storing that energy for as-needed use is solved. Even in cases where we still use hydrocarbons, we can use them more efficiently and generate less pollution by employing lithium-ion batteries. One major hydrocarbon-fired power plant transmitting electricity to households that charge multiple electric vehicles is much more efficient and generates less pollution than each of those vehicles running their own individual hydrocarbon-fired power plant.

The promise of electric vehicles (EV) is real, and the most visible aspect of the profound changes happening in the world today due to the energy shift led by lithium-ion battery technology.

The very nature of energy is changing. United Lithium is at the core of this change helping uncover lithium resources to meet the growing demand ahead.

Lithium-ion batteries and advanced energy storage systems represent one of many themes of the 4th Industrial Revolution: Industrial Disruption.

"…there is an energy revolution taking place before our eyes. For the first time since the Industrial Revolution we see a significant challenge to energy derived from fossil fuels."

International Lithium

Roskill Information Services Jake Fraser recently stated, “lithium chemical demand from end-use sectors is still expected to increase year-on-year to around 280,000 tonnes lithium carbonate equivalent,” Fraser said. 

“(That is) owing to larger battery packs being installed in electric vehicle (EV) models and the EV sector itself forecast to see 10 percent year-on-year growth in sales.”

CRU Group’s George Heppel notes the ongoing “green recovery” narrative and the introduction of very generous subsidies in Western Europe has resulted in an astonishing increase in EV sales this year which is contributing to a significant increase in demand for lithium battery chemicals.

Industry news

Lithium Demand and Supply

in net zero carbon scenario (multiple of 2020 demand levels, LCE)

Source: Rio Tinto. Click to enlarge image.
Source: International Energy Agency. Click to enlarge image.

LITHIUM'S SUPPLY PROBLEM

Although deposits of lithium lie around the world, its supply (currently) only resides within a few regions.

Major trade flows of lithium carbonates:

EXPORTER IMPORTER Value (US$, Millions)
Chile South Korea $297
Chile Japan $214
Chile China $115
Chile Belgium $100
China South Korea $100
Argentina China $99
Chile US $47
Argentina US $46

Major trade flows of lithium oxides and hydroxides:

EXPORTER IMPORTER Value (US$, Millions)
China Japan $334
China South Korea $265
Chile South Korea $83
US Japan $62
Russia Belgium $55
Canada China $32
US Germany $15
Netherlands Germany $14

Source: TradeMap, Resourcetrade.earth

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