UNITED LITHIUM ANNOUNCES LOI TO ACQUIRE URANIUM AND RARE EARTH EXPLORER SWEDISH MINERALS AB, CREATING A DIVERSIFIED NORDIC STRATEGIC METALS PLATFORM AND FINANCING – United Lithium Corp.
Summary
Vancouver, British Columbia, October 17, 2025 United Lithium Corp. (United or the Company) (CSE: ULTH; OTCQX: ULTHF; FWB: 0UL) is pleased to announce that it has entered into a binding Letter of Intent (LOI) with Swedish Minerals AB (SM) to acquire all of the issued and outstanding shares of SM (the Transaction).The combination of United and SM will seek to establish a leading Nordic-based strategic-metals explorer with a diversified portfolio of lithium, uranium, and rare-earth assets positioned to support Europes accelerating clean-energy transition and nuclear-power resurgence. United may, at its sole discretion, extend the Exclusivity Period for an additional 30 days by paying a further non-refundable deposit of $50,000, which shall also be creditable against the purchase price at Closing.The acquisition unites Uniteds lithium development portfolio with SMs high-grade uranium and rare-earth portfolio spanning Finland and Sweden, two of Europes most mining-friendly and energy-independent jurisdictions.SMs uranium division controls one of the largest privately held uranium portfolios in the EU, including: Riutta Project (Finland): A 100%-owned exploration-stage property located in southeast-central Finland near the town of Eno. Closing of the Transaction is subject to conditions precedent customary for transactions of a similar nature, including but not limited to: completion of satisfactory due diligence of SM by United, completion of the Consolidation, United Board Reconstitution and the Management Appointments, and receipt of all necessary regulatory approvals, including all required filings with the Exchange. In making the forwardlooking statements in this news release, the Company has applied several material assumptions, including without limitation, that market fundamentals will support the viability of critical mineral resource exploration, the availability of the financing required for the Company to carry out its planned future activities, the availability of and the ability to retain and attract qualified personnel, and the receipt of all necessary regulatory approvals. Ongoing labour shortages, inflationary pressures, rising interest rates, the global financial climate and the conflicts in Ukraine and Palestine and surrounding regions are some additional factors that are affecting current economic conditions and increasing economic uncertainty, which may impact the Companys operating performance, financial position, and future prospects.