Tuesday, October 28, 2025

United Lithium Closes $9.2 Million Financing

United Lithium (CSE: ULTH) this morning closed its previously announced private placement of special warrants. The financing saw a total of $9.2 million raised via the sale of 14.0 million special warrants.

Each special warrant, price at $0.66 per each, will convert into one unit of the company. Each unit consists of one common share and one half of a common share purchase warrant. Each warrant is valid for a period of two years from the date of issuance and contains an exercise price of $0.85 per common share.

All special warrants will be automatically converted the earlier of six months and a day following the closing date and the 3rd business day after a receipt is issued for the firms final prospectus.

Proceeds from the financing are to be used for working capital and general corporate purposes, as well as for potential future acquisitions.

United Lithium Corp last traded at $1.10 on the CSE.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Goliath Resources Drills 10.72 g/t Gold Over 7.83 Metres At Surebet

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Related News

Major Lithium Discoveries in California Ignite Calls for U.S. Investment in Domestic Production

The US Department of Energy has officially confirmed the discovery of a 3,400-kiloton reserve of...

Monday, January 29, 2024, 11:19:00 AM

Sigma Lithium Reports Strong Third Quarter Financials

Sigma Lithium Corporation (TSX: SGML), a prominent global lithium producer, has released its financial results...

Wednesday, November 15, 2023, 12:56:00 PM

Nemaska – Ugh, We May Need More Money

Today Nemaska Lithium (TSXV: NMX, NMX.W, OTCMKTS: NMKEF) announced in a news release the following:...

Wednesday, February 13, 2019, 10:51:01 PM

Quebec-based Nemaska Lithium Enters Into 11-Year Supply Agreement With Ford

A Quebec firm developing a lithium mine and production plan has agreed to supply materials...

Tuesday, May 23, 2023, 12:07:00 PM

Brunswick Exploration To Raise $7.0 Million For Unfocused Lithium Strategy

Excitement within the lithium exploration space appears to be reaching a crescendo, with Brunswick Exploration...

Monday, February 13, 2023, 10:05:22 AM