United Lithium (ULTH) AI Stock Analysis

• Market Cap: C$15.37M
• Dividend Yield: N/A
• Average Volume (3M): 89.25K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.71
• Revenue Growth: N/A
• EPS Growth: -4.68%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 62,741,055
• 10 Day Avg. Volume: 50,669
• 30 Day Avg. Volume: 89,251
• PEG Ratio: -0.23
• Price to Book (P/B): 0.53
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -36.85
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: C$0.24 ▲(0.00% Upside)

The score is held down primarily by weak financial performance (pre-revenue losses and ongoing cash burn). Technicals also point to soft momentum with the stock trading below key moving averages. Offsetting factors include low leverage and positive corporate developments (financing, leadership change, and Nordic expansion plans), but these do not fully mitigate current profitability and funding risks.

United Lithium Business Overview & Revenue Model

Company Description

United Lithium Corp. engages in the acquisition, exploration, and evaluation of natural resource properties. It explores for lithium deposits. The company holds 100% interest in the Bergby Lithium Project, located in Sweden. It also holds an option to acquire a 100% interest in the Barbara Lake property comprising 56 mining cell claims that covers an area of approximately 2,147 hectares land in the Barbara Lake Area of the Thunder Bay Mining District, Ontario, Canada. The company was formerly known as to United Battery Metals Corp. and changed its name to United Lithium Corp. United Lithium Corp. was incorporated in 2017 and is headquartered in Vancouver, Canada.

How the Company Makes Money

United Lithium makes money primarily through the exploration, development, and eventual production of lithium resources. The company's revenue model is based on identifying promising lithium deposits, developing these resources into operational mines, and selling the extracted lithium to manufacturers of batteries and other related industries. Key revenue streams for United Lithium include the sale of raw lithium materials as well as potential joint ventures or partnerships with larger mining companies or battery manufacturers. Significant factors contributing to its earnings include global demand for lithium, technological advancements in battery production, and strategic partnerships that enhance its mining capabilities and market reach.

United Lithium Financial Statement Overview

Summary

United Lithium faces significant financial challenges, with no revenue and ongoing losses. Although the balance sheet shows low debt levels, the decline in assets and equity is concerning. Cash flows are negative, highlighting financial strain and the need for strategic revenue and cash management improvements.

Income Statement

United Lithium has reported no revenue across multiple periods, indicating a lack of sales activity. The company consistently incurred net losses, with negative EBIT and EBITDA margins. The absence of gross profit margin further highlights the lack of revenue generation. This pattern suggests financial instability and a need for improved revenue strategies.

Balance Sheet

The balance sheet shows a strong equity position with low debt levels, as indicated by the low debt-to-equity ratio. Positive stockholders' equity suggests that the company has more assets than liabilities. However, the declining total assets and equity over recent periods could indicate potential risks to financial stability.

Cash Flow

The company experiences negative operating and free cash flows, indicating high cash burn rates without corresponding revenue. Although financing activities brought in cash, reliance on external financing could pose risks if not managed properly. Overall, the cash flow situation signals financial strain and a need for operational improvements.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	-65.39K	-65.39K	-15.97K	-1.75K	―
EBITDA	-2.58M	-2.11M	-11.12M	-5.87M	0.00
Net Income	-2.67M	-2.20M	-11.13M	-6.28M	-8.68M
Balance Sheet
Total Assets	11.17M	13.18M	13.18M	15.77M	18.84M
Cash, Cash Equivalents and Short-Term Investments	291.20K	1.27M	5.01M	2.30M	8.34M
Total Debt	68.90K	109.42K	138.04K	0.00	-2.10K
Total Liabilities	352.64K	316.98K	478.61K	580.76K	667.34K
Stockholders Equity	10.81M	12.86M	12.71M	15.20M	18.17M
Cash Flow
Free Cash Flow	-155.45K	-5.72M	-4.51M	-6.07M	-6.47M
Operating Cash Flow	-155.45K	-2.11M	-1.96M	-3.42M	-6.17M
Investing Cash Flow	-780.03K	-3.60M	-2.55M	-3.06M	-549.97K
Financing Cash Flow	-38.65K	1.97M	7.22M	443.56K	14.98M

United Lithium Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.24
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ULTH, the sentiment is Neutral. The current price of 0.24 is below the 20-day moving average (MA) of 0.26, below the 50-day MA of 0.28, and above the 200-day MA of 0.18, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.58 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:ULTH.

United Lithium Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ILI	48 Neutral	C$10.22M	-33.33	-1.36%	―	―	-136.00%
ULTH	46 Neutral	C$15.37M	-4.57	-22.36%	―	―	-4.68%
VLI	46 Neutral	C$5.58M	-1.63	-22.75%	―	―	7.52%
ILC	45 Neutral	C$5.37M	3.57	12.49%	―	―	―
SRA	39 Underperform	C$18.92M	34.53	16.97%	―	―	―
LEXI.H	35 Underperform	C$2.41M	-0.29	―	―	―	―

United Lithium Corporate Events

United Lithium Expands Nordic Footprint with Swedish Minerals Acquisition

United Lithium Corp. has entered into a definitive agreement to acquire Swedish Minerals AB, aiming to enhance its strategic metals platform in the Nordic region. This acquisition will position United as a leading explorer in Europe, combining its lithium assets with Swedish Minerals’ extensive uranium and rare earth properties, thereby strengthening its role in the clean energy sector.

United Lithium Closes $2.25M Financing and Appoints New Interim CEO

United Lithium has successfully closed a $2.25 million non-brokered private placement, issuing 15 million units priced at $0.15 each. The funds will be used for general working capital, exploration, and due diligence related to the proposed acquisition of Swedish Minerals AB. Additionally, Andrew Bowering has been appointed as the Interim CEO, bringing over 30 years of experience in mining and corporate development to lead the company through its next phase of growth.

United Lithium to Acquire Swedish Minerals, Expanding into Uranium and Rare Earths

United Lithium Corp. has entered into a binding Letter of Intent to acquire Swedish Minerals AB, aiming to establish a leading Nordic-based strategic-metals explorer. This acquisition will diversify United’s portfolio with high-grade uranium and rare-earth assets, enhancing its position to support Europe’s clean-energy transition and nuclear-power resurgence. The transaction involves a share exchange and cash payment, with a reconstitution of the board and management appointments planned post-closing. The acquisition strategically combines United’s lithium assets with Swedish Minerals’ uranium and rare-earth projects in Finland and Sweden, two mining-friendly jurisdictions, potentially strengthening United’s market position and offering significant opportunities for stakeholders.