Core Viewpoint - United Lithium Corp has entered into a binding Letter of Intent with Swedish Minerals AB to acquire all issued and outstanding shares of SM, aiming to create a leading Nordic-based strategic-metals explorer focused on lithium, uranium, and rare-earth assets to support Europe's clean-energy transition and nuclear resurgence [1][2]. Transaction Summary - The acquisition involves United acquiring 100% of SM shares, with SM shareholders receiving 25,000,000 common shares of United at a deemed price of $0.20 per share and $450,000 in cash [7]. - The transaction includes a 30-day exclusivity period during which SM cannot solicit alternative proposals, with an option for United to extend this period for an additional 30 days by paying a non-refundable deposit of $50,000 [5]. - Upon closing, United will conduct a share consolidation on a 1:2 basis, resulting in approximately 43,870,527 shares outstanding [7]. Strategic Rationale - The acquisition combines United's lithium portfolio with SM's high-grade uranium and rare-earth assets located in Finland and Sweden, enhancing the company's position in mining-friendly jurisdictions [6]. - SM's uranium division holds one of the largest privately held uranium portfolios in the EU, including the Riutta Project in Finland, which is strategically located near existing mining operations [6]. Leadership & Board - Following the closing of the transaction, the board of directors will be reconstituted to include five members, with three nominated by United and two by SM [7]. - Management appointments will include Andrew Bowering as Interim CEO and Jonathan Franklin as President [7]. Unit Financing - United plans a non-brokered private placement to raise up to $2,250,000 through the issuance of up to 15,000,000 pre-consolidation units at a price of $0.15 per unit [9]. - Each unit will consist of one pre-consolidation share and one share purchase warrant, with warrants exercisable at $0.30 for 24 months [9]. - The financing is not contingent on the closing of the transaction and will be used for general working capital and exploration activities [10].