United Lithium Corporation (CSE: ULTH | OTCQX: ULTHF | FWB: 0UL) is an exploration & development company energized by the global demand for lithium – driven largely by the growing demand for electric, hybrid & PHEV vehicles.  

In Sweden, the 7,897-hectare Bergby Lithium Property is United’s flagship district-scale project covering a highly prospective, large land package in Sweden near the world-famous Woxna graphite mine, the new Northvolt lithium battery gigafactory and close to major mining and transportation infrastructure, workforce and equipment. The 14,015 ha (140 sq. km) Axmarby Property is directly north of United Lithium’s flagship Bergby Project, near the Gulf of Bothnia coast in central Sweden.

In Finland, the 21,070-hectare Kietyönmäki Lithium Project is a district-scale project in highly prospective terrane within mining-friendly Finland. The project is accessible by major roads and is near deep water ports while being ~50 kilometres from a battery factory in Salo. The Kova Property is situated approximately 150 km north of Helsinki and 50 km east of the City of Tampere (Figure 1) and covers 54,400 ha (54.4 sq. km). It is located on the northern margin of the Pirkanmaa migmatite belt. Located adjacent to the Rosendal tantalum deposit, the Kast Property is approximately 110 km west of Helsinki and covers approximately 13,900 ha (13.9 sq. km) in the Kemiö metallogenic area region of Finland

In the USA, the Liberty Lithium Project (South Dakota) is located in an historically significant Li Be producing area and the Company has staked over 500 unpatented lode claims covering more than 15 square miles (nearly 40 square kilometers) in the west and southwest parts of the Black Hills near Custer, South Dakota. Additionally, the Patriot Lithium Project in Gunnison County, Colorado encompasses an area that the USGS surveyed and mapped with more than 1,800 individual pegmatite bodies intruded into Precambrian rocks with meta-quartzites, arkoses, and conglomerates. Numerous pegmatite dykes’ sampled quartz, lepidolite, cleavelandite and spodumene. Lastly, The Freedom Lithium Project is an easily accessible area located in the historic Copper Mountain Mining District in Wyoming, with extensive pegmatite outcrops. The State is mining-friendly and is the second biggest net domestic energy supplier. 

The company actively seeks regional deposits with access to advanced infrastructure to maximize potential for rapid and cost-effective exploration, development & production opportunities. 

Finally, the company has undertaking metallurgical test work with several goals in mind:

  • More environmentally friendly – reduce energy and water consumption, recycle reagents, reduce reaction temperatures
  • Robust – putting together a single process to handle spodumene and petalite feed material from multiple sources
  • A complete solution that goes from rock to finished lithium carbonate or lithium hydroxide



Shares Outstanding
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Warrants & Options Outstanding
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Shares Fully Diluted
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Working Capital*
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*Based on April 30, 2024 Financial Statements


Trading SymbolCSE: ULTH | OTCQX: ULTHF | FWB: 0UL
Financial Year-EndJuly 31
Date of FormationApril 28 2017
CUSIP Number910797 40 6
ISIN NumberCA 910797 40 6 0

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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.


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.

Lithium Demand and Supply



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


The growing consensus among investors in the energy sector is that the energy transition is real and is already in progress. But underinvestment in the mining and processing of critical elements could have implications for the timing and cost of the transition.

The International Energy Agency (IEA) warned in its World Energy Outlook on Oct. 13 that supplies of certain key minerals such as lithium, cobalt, nickel, and graphite are inadequate to meet projected world demand under most scenarios for the energy transition. Already, price spikes of 5%-15% are expected this year for solar modules, wind turbines, electric car batteries, and power lines based on shortages of these materials. Demand for elements like lithium, dysprosium, and other rare-earth elements is expected to increase to many multiples of existing levels.

To meet this demand, more mining and processing facilities will be required. According to the IEA, higher prices are likely due to “long lead times for the development of new projects, declining resource quality, growing scrutiny of environment and social performance, and a lack of geological diversity in extraction and processing operations.”

Creating more capacity is a time-consuming process, one that investors have been hesitant to support despite a growing commitment to environmental sustainability
. Even more common elements, such as nickel and copper, are forecast to have a structural deficit in the next 10 years, with higher prices coming as a result.

Complicating the development of new mining and processing projects is the fact that many of these critical elements are located in areas with low levels of political stability. The IEA is recommending to its 30 member nations that they consider establishing or expanding strategic reserves of critical metals including alumina bauxite, lithium, and copper.

“I think today, everybody wants to invest in battery-manufacturing facilities, sort of the next Tesla Inc. Nobody wants to do the really hard, gritty things such as actually providing the natural resources to make that energy transition occur,”

“In the years ahead, the lack of internationally coordinated strategic reserves, combined with some geopolitically unstable sources of supply, portend a high likelihood of volatile prices.”

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“Lithium is critical for the transition to a carbon-neutral future.”

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