United Lithium Corp. Completes Acquisition of 100% of the Bergby Lithium Project
CSE: ULTH | OTC: ULTHF | FWB: 0UL
United Lithium Corp Completes Acquisition of 100% of the Bergby Lithium
Project
Vancouver, British Columbia
April 30, 2021 – United Lithium Corp. (CSE: ULTH; OTC: ULTHF; FWB: 0UL) (the “Company”) is pleased to
announce, further to its news release dated February 11, 2021, that it has completed the acquisition (the
“Acquisition”) from Leading Edge Materials Corp. (“Leading Edge”) of 100% of the issued and outstanding
share capital of Bergby Lithium AB (“ Bergby”), which holds a 100% i nterest in and to the mining licenses
comprising the Bergby Lithium project (the “Project”), located in central Sweden, 25km north of Gavle.
Purchase Consideration
As consideration for the Acquisition, the Company has: (a) paid CAD$250,000 in cash; (b) issued 1,031,864
common shares in the capital of ULTH (each, a “ULTH Share”); (c) issued 400,000 common share purchase
warrants (the “ Warrants”), with each Warrant entitling the holder thereof to acquire, for a period of 36
months from the Closing Date, one ULTH Share at an exercise price equal to approximately CAD$0.485; and
(d) granted a 2% net smelter returns royalty on the Project, which is subject to a buyback right in favour of
ULTH, exercisable for CAD$1,000,000.
The ULTH Shares will be escrowed and re leased over a 20 -month period. The Company shall also pay an
additional CAD$250,000 in cash on October 29, 2021.
In addition to the foregoing, the Company has committed to exercise reasonable commercial efforts toward
spending CAD$1,000,000 on exploration work on the Project prior to October 29, 2022, and Leading Edge
will, at its cost, make available to the Company the part -time services of its Chief Geologist to provide
geological support in exploring the Project until April 29, 2022.
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 | OTC: ULTHF) 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.
CSE: ULTH | OTC: ULTHF
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