United Lithium Corp. Plans 9,000m of Drilling at the Bergby Project in Sweden Post-Acquisition
CSE: ULTH | OTC: ULTHF | FWB: 0UL
United Lithium Corp. Plans 9,000m of Drilling at the Bergby Project in Sweden
Post-Acquisition
Heliborne magnetic and radiometric surveys to aid in identifying structures, geology and alteration
Metallurgical test work planned to quantify lithium recoveries and ancillary elements recoveries for Tantalum,
Cesium and Niobium
Vancouver, British Columbia
February 24, 2021 – United Lithium Corp. (CSE: ULTH; OTC: ULTHF; FWB: 0UL) (the “Company”) is pleased
to announce that it expects to complete the previously announced acquisition (the “ Acquisition”) of the
Bergby Lithium Project (the “Project”), located in central Sweden, 25 km north of Gavle, from Leading Edge
Materials Corp. (see news release dated February 11, 2021) during the second quarter of 2021. The
Company is actively preparing a drilling program (the “Program”) to commence promptly after completion
of the Acquisition and to be carried out over three phases. The Program is expected to be completed on
or before December 31, 2021.
Phase one of the Program (“ Phase One”) contemplates the Company drilling along strike and down dip
from previously indicated lithium mineralization at the Property. This phase will consist of 3,000 metres of
drilling and is expected to take approximately six (6) weeks to complete.
During Phase One, the Company also plans on conducting a heliborne magnetic and radiometric airborne
survey to test for structural controls on pegmatites which may bear lithium as well as on general geology
and faulting. Further, a high resolution airborne lidar survey is planned to provide a detailed topographic
surface representation to aid in providing accurate elevation and general terrain data on the Project.
Prior to commencement of phase two of the Program (“Phase Two”), surface and drill core samples will be
sent for metallurgical test work to quantify recoveries of any lithium mineralization from the Project .
Potential in recovering Cesium, Tantalum and Niobium for economic evaluation will also be tested.
Phase Two is intended to better define any lithium mineralization within the known mineralized zone, and
to complete drill spacing acceptable for a NI 43 -101 compliant resource calculation. Phase Two also
contemplates 3,000 metres of additional drilling, which could potentially help the Company establish a
resource report and plan for future drill programs.
Phase three of the Program (“Phase Three”) contemplates continuing drilling, to a depth of 3,000 metres,
along strike exploration of potential lithium targets, and testing potential parallel lithium zon es. This is
expected to assist the Company in verifying and validating any newly identified targets.
Michael Dehn, President and CEO states , “the Project offers United Lithium at and near surface lithium
mineralization indications for targeting and testing, and with excellent logistics, provides stakeholders with
a realistic opportunity for rapid understanding of the potential of the Project. We believe that Bergby ticks
all the boxes: it’s in the right place, at the right time, an d the right commodity . We look forward to
completing the acquisition and to commencing the work program.”
CSE: ULTH | OTC: ULTHF
On Behalf of The Board of Directors
Michael Dehn
Chief Executive Officer
Investor Relations
(604) 259-0889
About United Lithium Corp.
United Lithium Corp. (CSE: ULTH) is an exploration & development company energized by the global
demand for lithium. The Company is targeting lithium projects in politically safe jurisdictions with advanced
infrastructure that allows for rapid and cost-effective exploration, development and production
opportunities.
The Company's consolidated financial statements and related management's discussion and analysis are
available on the Company's website at www.leadingedgematerials.com or under its profile on SEDAR at
www.sedar.com.
Forward Looking Statements
This news release contains "forward-looking information" within the meaning of applicable securities laws,
including, but not limited to, in relation to statements regarding the anticipated completion of the
Acquisition, the commencement and completion of the Program, and the Company's business and plans.
Although the Company believes that the expectations reflected in the forward-looking information are
reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned
not to place undue reliance on forward-looking information. Such forward-looking statements are subject
to risks and uncertainties that may cause actual results, performance and developments to differ materially
from those contemplated by these statements depending on, among other things, the risks that the
Acquisition does not complete as contemplated, or at all; that the Program does not proceed as
contemplated, or at all; that the Company does not carry out any further exploration activities in respect of
the Project; that the Company does not complete any resource, technical or other geological report in
respect of the Project; and that the Company may not be able to carry out its business plans as expected.
Except as required by law, the Company expressly disclaims any obligation and does not intend to update
any forward-looking statements or forward-looking information in this news release. The statements in this
news release are made as of the date of this release.
The CSE does not accept responsibility for the adequacy or accuracy of this release