United Lithium Corp. (CSE: ULTH )(OTC PINK: ULTHF) (FWB: 0UL) (“ULTH” or the “Company”) is pleased to announce that it has filed a preliminary short form base shelf prospectus (the “Shelf Prospectus”) with the securities commissions in each of the provinces and territories of Canada, except the Province of Quebec.
Upon a receipt for the final base shelf prospectus, when made final and effective, will allow ULTH to qualify the distribution of up to C$150,000,000 of common shares, warrants, subscription receipts, units, debt securities, or any combination thereof, from time to time over a 25-month period that the Shelf Prospectus remains effective. The specific terms of any future offering of securities (if any) will be set forth in a shelf prospectus supplement, which will be file with the applicable Canadian securities regulatory authorities in connection with any such offering.
This news release shall not constitute an offer to sell, or a solicitation of an offer to buy, any securities nor shall there by any sale of securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualifications under the securities laws of such jurisdiction.
A copy of the Shelf Prospectus, and copies of the final base shelf prospectus and any shelf prospectus supplements that may be filed in the future, can be found under the Company’s SEDAR profile at www.sedar.com.
Filing of Technical Report
The Company has also filed on SEDAR a technical report entitled, “NI 43-101 Technical on the Bergby Lithium, East-Central Sweden” (the “Technical Report”), dated effective June 24, 2021, prepared by Mathieu Gosselin, Eng., Jyri Meriläinent, Eurgeol., M.Sc. and Mark Saxon, P.Geo.
On Behalf of The Board of Directors
Chief Executive Officer