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United Lithium ( (TSE:ULTH) ) has shared an announcement.
United Lithium has acquired all the shares of Swedish Minerals AB for approximately $3.6 million, significantly broadening its Nordic footprint by adding a large uranium and rare earth element exploration portfolio in Finland and Sweden to its existing lithium assets. The deal includes a mix of cash and share consideration, the reconstitution of the board to add Swedish Minerals nominees Jonathon Franklin and Sebastian Bergenwall—with Franklin appointed as president—and the granting of a 1.75% net smelter return royalty on the Swedish Minerals properties to Scandinavian Resources, positioning the combined company as a leading Nordic explorer aligned with Europe’s clean energy transition and renewed focus on nuclear power.
The most recent analyst rating on (TSE:ULTH) stock is a Hold with a C$0.32 price target. To see the full list of analyst forecasts on United Lithium stock, see the TSE:ULTH Stock Forecast page.
Spark’s Take on TSE:ULTH Stock
According to Spark, TipRanks’ AI Analyst, TSE:ULTH is a Neutral.
The score is primarily held back by weak financial performance (no revenue, ongoing losses, and negative free cash flow despite low leverage). Technicals provide the main support, with price above major moving averages and moderately strong momentum, while valuation is constrained by negative earnings and no dividend.
To see Spark’s full report on TSE:ULTH stock, click here.
More about United Lithium
United Lithium Corp. is a Vancouver-based mineral exploration and development company focused on strategic energy-transition metals, primarily lithium, with a growing portfolio of projects in Northern Europe. The company targets critical minerals in mining-friendly Nordic jurisdictions, positioning itself to supply European demand for battery materials and other strategic metals linked to the clean energy and nuclear power sectors.
YTD Price Performance: 50.0%
Average Trading Volume: 51,534
Technical Sentiment Signal: Buy
Current Market Cap: C$23.53M
See more data about ULTH stock on TipRanks’ Stock Analysis page.