United Lithium Acquires Swedish Minerals AB Expanding Its Nordic Critical Minerals Platform to Include Uranium and Rare Earth Elements

Core Viewpoint - United Lithium Corp has acquired Swedish Minerals AB for approximately $3,600,500, significantly enhancing its strategic metals platform in the Nordic region, particularly in uranium and rare earth exploration [1][2]. Transaction Summary - The acquisition includes a total purchase price of $3,600,500, with $427,500 paid in cash and $3,173,000 through the issuance of 15,865,000 common shares at a deemed price of $0.20 per share [5]. - The transaction is seen as a major milestone for United Lithium, expanding its footprint in Northern Europe and aligning with the clean energy transition and nuclear power focus in Europe [2][5]. - A Royalty Agreement was established, granting Scandinavian Resources a 1.75% net smelter return royalty on the SM Properties [5]. Management and Board Appointments - Jonathon Franklin, an economic geologist with over seven years of experience, has been appointed as President of United Lithium and joined the board [3]. - Sebastian Bergenwall, co-founder of Swedish Minerals, has also been appointed to the board, bringing extensive expertise in business development and mining regulatory frameworks [4]. Strategic Rationale - The acquisition combines United's lithium development portfolio with high-grade uranium and rare earth assets from Swedish Minerals, positioning the company as a leading Nordic-based explorer [5][6]. - The SM Properties include several exploration-stage properties in Finland and Sweden, strategically located in regions with established infrastructure and mining activity [6].