UNITED LITHIUM CORP. (CSE:ULTH | OTC:ULTHF)
The Lithium Market Is Booming
With the push for green energy surging throughout the European Union and worldwide, the lithium-ion battery market is projected to hit $1 trillion globally by 2026.
While these batteries have been used in smaller devices for years, they’re reaching a tipping point in the devices taking over the markets today.
They’re now powering every smartphone, every major electric vehicle battery, and even many medical devices.
That means industry leaders like Apple and Tesla rely heavily on lithium to build the products their customers love.
And with every new device that’s rolled out with these batteries inside, the demand for lithium continues to rise.
But at this point, about 80% of all lithium-ion cell production is coming out of China.
This doesn’t sit well for many countries, with concerns about being beholden to the Chinese government threatening supply chains.
That’s why the EU has been pouring in stimulus money for businesses able to help them attain energy independence in this new lithium-powered age of technology.
The EU has committed 550 billion euros (USD$665 billion) to climate protection and clean technologies over the next several years…
And much of that hinges on producing lithium-ion batteries to help store renewable energy and power EVs.
This is incredible news for lithium companies, both the ones building the batteries and those mining the raw materials.
Lithium prices have nearly doubled over the last 3 months alone.
And United Lithium, a junior mining company based out of Vancouver, plans to capitalize on this lithium battery boom with their exciting new project.
United recently acquired the rights to their Bergby project in Sweden, and it’s put them in the perfect location for the rising industry.
They’re located near the world famous Woxna graphite mine…
And they’re also close to the new Northvolt lithium battery gigafactory in Sweden.
That means that if United produces the type of high-grade lithium they’re expecting at Bergby…
They could have an eager, high-profile customer producing batteries using their precious metal just down the road.
The property consists of 3 exploration licenses totaling nearly 2,000 hectares of land, and historical data has been promising to say the least.
Bergby’s lithium deposits weren’t discovered until 2016, with drilling and testing being done the next year.
And the results were incredible.
While miners in Canada may be thrilled with deposits assayed at 1% or 2%, several of the holes on United’s new property have ranged up to 3% or 3.5% lithium.
To put that into context, the maximum theoretical amount is estimated at around 7% lithium…
But short of hand-sorting rocks and picking out lithium crystals by hand, it would be nearly impossible for grades to run this high.
One of the most intriguing parts of the project though is that much of the untapped lithium on the property outcrops at the surface.
That means drilling expenses would be much lower than in other locations because they wouldn’t have to drill nearly as deep to reach the lithium under the surface.
And the economics get even better when looking at the infrastructure surrounding the property.
In addition to being close to the Northvolt gigafactory there in Sweden, they’re just an hour and a half from the nation’s capital, Stockholm…
And the largest highway in the country runs just outside their property.
Plus, with a deep water port only 5 km away, it’s easy to transport any lithium they produce either inside Sweden or throughout the European Union.
So as nearly 40 gigafactories have popped up throughout Europe in recent years, United could easily transport lithium around the region with minimal cost for transportation.
And the news may start rolling in fast and steady from United in the months ahead…
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UNITED LITHIUM CORP. (CSE:ULTH | OTC:ULTHF)
There’s no telling exactly how big the discovery at Bergby could be, but we’ve already seen glimpses from the historical data.
In 2017, they completed a drilling program to test what they had on the property.
And of the 33 holes drilled, 28 of them intersected lithium mineralization.
Plus, these holes were at shallow depths, and that number could easily have run even higher if they had been drilling deeper in those holes.
So United is confident there could be plenty more lithium in the deposit based on these previous results and shallow depth testing.
But with it being open on strike to both the north and the south, that deposit could run much further in either direction beyond what the data has already shown.
That means that once drilling begins, which is expected in early April, they could continue to drill much further if results are positive.
And others in the know are also showing their support as United plows ahead toward the upcoming drill program.
Now that United has purchased the rights to the Bergby project from Leading Edge, the previous owner…
Leading Edge’s former CEO is planning to stay involved, and their VP of Exploration is also being made available to United’s team over the next year.
This speaks to the massive potential United has ahead of them and the confidence others have in the data they’ve seen.
Plus, they’ll have people already the most familiar with the property available to help guide them in the right direction moving forward.
United has made clear they have plans to start drilling in April.
And as results from the lab are expected starting just weeks later, it could soon tell us exactly how far this high-grade lithium deposit runs.
That’s great news for investors, as we could have a steady stream of news and catalysts coming out of United’s camp by the end of May.
They’ve already raised millions in funding, so with the low production costs at Bergby, the drill program is fully funded.
For investors, this offers the chance to get into a company with great potential in the booming lithium markets.
And as they prepare to start drilling shortly, United will be an exciting company to watch in the coming months.
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