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An announcement from Constellation Acquisition I ( (CSTAF) ) is now available.
On April 15, 2026, Constellation Acquisition Corp. I and HiTech Minerals Inc. rescheduled their investor webinar to April 22, 2026 at 10 a.m. Eastern, where management will outline their proposed business combination to form US Elemental Inc. and the anticipated Nasdaq listing of the new lithium-focused company under the ticker ULIT. The webinar will also detail plans to advance US Elemental’s McDermitt and Clayton North lithium projects, a key step in positioning the future U.S. operator as a significant domestic supplier of critical battery minerals while Constellation moves ahead with SEC filings and proxy materials needed to close the transaction.
The transaction structure centers on transferring HiTech’s U.S. lithium assets into US Elemental, which would then be listed via Constellation’s SPAC vehicle, linking Australian resource owner Jindalee Lithium with U.S. capital markets access. For shareholders, the upcoming proxy process and registration statement will be crucial in assessing the deal’s terms and risks, as the parties emphasize that the communication is informational only and not an offer or solicitation of securities.
More about Constellation Acquisition I
Constellation Acquisition Corp. I is a New York–based special purpose acquisition company sponsored by affiliates of Antarctica Capital, an investment firm with $10 billion under management focused on long-term vehicles across public and private markets. Through a proposed business combination with HiTech Minerals Inc., a subsidiary of Australian-listed Jindalee Lithium, Constellation aims to create US Elemental Inc., a U.S. lithium development company holding large domestic assets, including the McDermitt Lithium Project in Oregon and the Clayton North Project in Nevada, targeting surging demand for battery materials and critical minerals.
Average Trading Volume: 462
Technical Sentiment Signal: Buy
Current Market Cap: $102M
See more insights into CSTAF stock on TipRanks’ Stock Analysis page.