United Lithium

We've updated our investor presentation to include important details on our recently added Finnish lithium properties.

➡️ Kast

➡️ Kova

➡️ Kannus

See the updated presentation herehttps://unitedlithium.com/wp-content/uploads/2024/06/ULTH-2024-07-01-IP-compressed.pdf

Our land position in the European Union has grown to more than 120,000 hectares in 2024 with multiple highly prospective lithium properties across Finland and Sweden.

Visit our site https://unitedlithium.com/projects/ for details on our extensive Nordic properties.

Reasons we're excited to continue pushing forward on our work in Sweden:

✅ Strong drill results demonstrating a combined strike length of more than 4 kilometres;

✅ The potential to expand the lithium-bearing area in Sweden to the north at the Axmarby Property;

✅ Supportive legislature in the form of the European Union's Critical Raw Materials Act.

Read United Lithium President & CEO, Scott Eldridge's comments on our progress below.

5,600 meters of diamond drilling was completed across 60 holes at the Bergby Lithium Project in Sweden in 2023.

Six spodumene-bearing pegmatites have been discovered at Bergy, with five of them being drilled to date. Assays from Pegmatites A through E have returned robust results, and that trend has continued with the most recent additional assays from Pegmatites D & E.

The images below, from our June 12 press release, show the locations of the pegmatite bodies at Bergby, where the drill holes at Pegmatites D & E are located, and oblique sections from each showing the noteworthy intersects from this most recent batch of assays.

We're pleased to report additional assay results from the 2023 Drill Program on the newly discovered D and E Pegmatites at the Bergby Lithium Project in Sweden.

✅ Pegmatite D Assay Results:
• 1.45% Li₂O over 2.02 m from 37.49 m depth,
- within 5.19 m at 0.82% Li₂O from 36.57 m depth.

• 1.48% Li₂O over 4.76 m from 116.37 m depth,
- within 14.11 m at 0.71% Li₂O from 111.35 m depth.

✅ Pegmatite E Assay Results:
• 1.58% Li₂O over 1.82 m from 42.00 m depth,
- within 20.02 m at 0.62% Li₂O from 38.95 m depth.

• 1.71% Li₂O over 5.76 m from 129.40 m depth,
- within 6.90 m at 1.45% Li₂O from 128.94 m depth.

• 1.63% Li₂O over 5.09 m from 111.06 m depth; and
- 2.20% Li₂O over 1.03 m from 113.06 m depth,
- within 14.54 m at 0.72% Li₂O from 105.03 m depth.

Press Release🔗 https://unitedlithium.com/united-lithium-announces-drill-results-for-lithium-pegmatites-d-e-confirming-strike-length-of-over-4000m-at-bergby-project-sweden/

Investment in clean energy tech surpassed investment in fossil fuels for the first time in 2023.

In 2024, US$3 trillion will be invested in energy globally with an estimated US$2 trillion of that total directed to clean energy sources.

Spending on renewable power, grids and storage has surpassed total spending on oil, gas, and coal.

The Axmarby Property adds 14,015 hectares to our land position in Sweden.

• Pegmatite outcrops have been observed at Axmarby and are believed to be associated with the same pegmatite hosting structures observed at our flagship Bergby Lithium Project.

• Between Bergby and Axmarby, United holds 21,912 hectares of highly prospective land near major mining and transport infrastructure in Sweden.

• Surface sampling on the new property is expected in the coming months.

The map below shows the locations of the observed outcrops at Axmarby, and the property's location relative to Bergby.

United Lithium boasts:

✅ A diverse portfolio of lithium projects in tier 1 mining jurisdictions.

✅ Experienced team with a proven track record of success.

✅ Tight share structure with committed shareholders

View Our Updated Presentation🔗 https://buff.ly/4bxkUiJ

The newest addition to our Nordic portfolio, the Kannus Reservation, is located on 15,225 hectares in Finland.

Kannus is covered mostly by the Western Finland schist belt—which is also known to host most of the Keliber Lithium deposit, currently in the construction phase to be Europe's first integrated lithium mine for the EV space, and its 11.3 million tonnes of measured & indicated Li₂O.

See the map below to gain an understanding of the location and geology of the Kannus Reservation.

Learn more about Kannus🔗 https://buff.ly/4aw4pCg

We've acquired an additional 15,225-hectare property in Finland, The Kannus Property.

Kannus is highly prospective and located directly North of Sibanye-Stillwater's Keliber Lithium Deposit.

Press Release🔗 https://buff.ly/4aw4pCg

In Case You Missed It: On April 9th we announced our increased ownership at the Kietyönmäki Lithium Project to 100%.

Things investors should know about Kietyönmäki:

• District scale—covering 21,070 hectares of land in Finland.

• Drill defined to be up to 25 m wide, more than 200 m in length, and confirmed to extend to at least 160 m depth below surface.

• Geologically similar to the region of Finland that hosts the Keliber Lithium Project (estimated to host 17 million tonnes at 1.02% Li₂O).

220 exposed pegmatite sites have been mapped at our newly acquired Kova property in Finland.

Check out the maps below to see where our three newly acquired Nordic properties are located, as well as the potential areas of interest at each property.

Visit the April 29 press release https://buff.ly/3UDwanG for more details about the Kova, and Kast properties in Finland and the Axmarby property, directly North of our Bergby Lithium Project, in Sweden!

We've increased our Nordic holdings by nearly 300% through the acquisition of:

🇫🇮 The 54,000-hectare Kova Property & the 13,900-ha Kast Property in Finland;

🇸🇪 And the 14,000-ha Axmarby Property in Sweden, immediately North of our flagship Bergby Project.

These properties are within highly prospective geological terrains with the potential to host lithium-bearing pegmatites.

Details in today's Press Release🔗 https://buff.ly/3UDwanG

Estimates by the team at Sprott have the global Battery Storage sector experiencing a 27% Compound Annual Growth Rate into 2030.

Energy storage is a central piece of the clean energy transition and represents the fastest-growing driver of lithium demand.

From Sprott—

"While EV applications are expected to be the dominant demand driver for lithium, the fastest-growing source of lithium demand comes from grid storage batteries. The International Energy Agency forecasts total annual global lithium demand will rise to 1,382 Kt by 2045 compared to 130 Kt in 2022 (962% cumulative growth, or 11% per year compounded). Most of this demand (around 86% by 2035) is expected to come from the EV sector (1,582% cumulative growth to 2045, or 13% per year compounded). Grid battery storage is expected to grow even quicker (2,373% cumulative growth to 2045, or 15% per year compounded), rising from 2.6% of total lithium demand to 6.3% by 2040."

Full Report🔗 https://buff.ly/4aE7GAi

We’ve increased our interest in the Kietyönmäki Lithium Project in Finland to 100%.

Drilling at the project by United and the previous operators has produced impressive results, including:

• 1.53% Li₂O over 23.00 m;
• 1.31% Li₂O over 24.25 m;
• 1.44% Li₂O over 24.17 m;
• 1.52% Li₂O over 25.95 m;
• 1.45% Li₂O over 29.50 m.

Press Release🔗 https://buff.ly/3PWTSbI

A Happy Easter weekend to all who celebrate, from the United Lithium team!

The European Union has given its final approval for the Critical Raw Materials Act.

As part of the CRMA, the EU plans to streamline the permitting processes for critical raw materials projects within the EU.

A promising development as we advance our flagship Bergy Lithium Project in Sweden, and our Kietyönmäki Lithium Project in Finland.

Details🔗 https://buff.ly/4ayS4h1