Source: United Lithium.
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  • United Lithium Corp. (ULTH) has appointed Scott Eldridge as its new President and Chief Executive Officer
  • Eldridge has 15 years of experience in the metals and mining industry focused on capital markets, having served in various buy-side, sell-side and issuer roles
  • The company announced plans to complete a non-brokered private placement for gross proceeds of up to C$7,000,000
  • United Lithium Corp. is an exploration and development company energized by the global demand for lithium
  • United Lithium Corp. (ULTH) opened trading at $0.25 per share

United Lithium Corp. (ULTH) has appointed Scott Eldridge as its new President and Chief Executive Officer.

While Eldridge has also joined the company’s Board of Directors, Michael Dehn, the previous President/CEO, will transition to a consulting role with the company.

Eldridge has 15 years of experience in the metals and mining industry focused on capital markets, having served in various buy-side, sell-side and issuer roles. He was a co-founder of Euroscandic International Group, an advisory firm where he raised upwards of $350 million of combined equity and non-equity for project finance for mine builds.

He received his M.B.A. at Central European University in Budapest, Hungary.

The company has announced a non-brokered private placement for gross proceeds of up to C$7,000,000. The offering will consist of up to 50,000,000 units priced at C$0.14 per unit. Each unit consists of one common share and one share purchase warrant, entitling the holder to acquire one additional share at a price of $0.25 for a period of twenty-four months.

The company will use the net proceeds for the exploration of the company’s properties and general working capital.

The offering is expected to close on or about March 5, 2023.

United Lithium Corp. is an exploration and development company energized by the global demand for lithium.

United Lithium Corp. (ULTH) opened trading at $0.25 per share.


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