United Lithium Corp. (CSE: ULTH; OTC: ULTHF; FWB: 0ULA) has announced the establishment of a large land position in a historic pegmatite mining district in Fremont County, Wyoming. The Company has staked 1,844 hectares and acquired one state mineral lease 24 kilometres north of Shoshoni. This new project, the Freedom Project, hosts numerous lithium and tantalum-bearing pegmatite bodies, several of which have been mined historically.
Scott Eldridge, United’s President, and CEO stated: “We have added a third hard-rock pegmatite project to our US portfolio. This property sits within a historic mining district that hosts an extensive lithium-cesium-tantalum pegmatite field.”
“Freedom is the fifth hard-rock pegmatite project in United’s portfolio. Our geographically diverse holdings are spread across Sweden, Finland, and the US, providing shareholders multiple discovery opportunities within one company.”
A reconnaissance rock chip sampling program was carried out to provide an initial assessment of known lithium. Assay results will be reviewed and reported and will be used to design follow up geological mapping and detailed sampling for a program in spring 2024.
Geology and Mining History
The Freedom Project encompasses the most lithium-prospective portion of the Copper Mountain Mining District. Lithium-bearing pegmatites have been historically mapped in the area that the project was staked, reportedly hosting spodumene, lepidolite or petalite.
About the Freedom Project
The Freedom Project is comprised of 206 unpatented federal lode mining claims and one state mineral lease, covering approximately 1,844 ha in Fremont County, Wyoming. The Project covers a portion of the historically producing Copper Mounting Mining District where there was minor production of lithium, tantalum, tungsten, beryllium, feldspar, copper, and gold intermittently over multiple periods between 1906 and 1978.
Stock Option Incentive Grant
The Company has granted 600,000 incentive stock options to certain consultants of the Company to acquire an aggregate of 600,000 common shares in the capital of the Company at an exercise price of $0.35.
The scientific and technical data contained in this news release was reviewed and approved by Cathy Fitzgerald, M.Sc., P.Geo., United’s Executive Vice President, Exploration.
United Lithium Corp.
United Lithium Corp. (CSE: ULTH) is an exploration & development company energized by the global demand for lithium. The Company is targeting lithium projects in politically safe jurisdictions with advanced infrastructure that allows for rapid and cost-effective exploration, development, and production opportunities.
Company Website: https://www.unitedlithium.com
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