United Lithium Corp. (CSE: ULTH; OTCQX: ULTHF; FWB: 0UL) has entered into a definitive Share Exchange Agreement to acquire 100% of Swedish Minerals AB (“SM”), marking a significant expansion of its strategic metals portfolio across the Nordic region. This transaction unites United Lithium’s lithium assets with SM’s high-grade uranium and rare earth element (REE) properties in Finland and Sweden, positioning the combined entity as a leading Nordic explorer aligned with Europe’s clean energy and nuclear power resurgence ambitions.
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Transaction Overview and Terms
The acquisition involves United Lithium acquiring all issued and outstanding shares of Swedish Minerals AB, an arm’s length Swedish corporation. Upon closing, United Lithium will grant a 1.75% net smelter return (NSR) royalty on all current SM properties to Scandinavian Resources AB, an unrelated party, on standard industry terms without dilution or reduction. The deal remains subject to customary closing conditions, including due diligence, regulatory approvals, and board consents.
Strategic Rationale: Building a Nordic Clean Energy Metals Hub
This acquisition strategically expands United Lithium’s footprint beyond lithium into uranium and rare earth elements, critical metals underpinning Europe’s clean energy transition and nuclear power revival. Finland and Sweden are among Europe’s most mining-friendly jurisdictions, offering stable regulatory environments, established infrastructure, and energy independence—key factors for sustainable mining development.
By combining lithium development projects with uranium and REE assets, United Lithium aims to create a diversified portfolio that supports the continent’s accelerating demand for strategic metals essential to electric vehicles, battery storage, and nuclear energy technologies.
Key Assets and Geographic Footprint
| Project Name | Location | Size (hectares) | Commodity Focus | Infrastructure Highlights |
|---|---|---|---|---|
| Norr Döttern | North-central Sweden (near Arvidsjaur) | 2,900 | Uranium, Rare Earth Elements | Year-round road and power access within a known mineral belt |
| Märrviken | Central Sweden (near Ånge) | 2,710 | Uranium, Rare Earth Elements | Proximity to road and power infrastructure in established mineral belt |
| Flistjärn | West-central Sweden (near Järpen) | 7,552 | Uranium, Rare Earth Elements | Multiple mineral claims with strong exploration potential |
| Asento | Northern Finland (near Ruonakoski) | 1,203 | Exploration-stage strategic metals | Additional exploration upside in a mining-friendly jurisdiction |
| Kovela | Southern Finland (near Nummi) | 216 | Exploration-stage strategic metals | Located in a region with established mining activity |
Industry Context and Market Implications
The deal reflects a broader trend of cross-border M&A in strategic metals as companies seek to secure supply chains for critical minerals amid geopolitical uncertainties and rising demand for clean energy technologies. With Europe’s push for energy independence and nuclear power resurgence, assets like uranium and rare earths are increasingly valuable complements to lithium-focused portfolios.
United Lithium’s acquisition of Swedish Minerals AB aligns with private equity and strategic investors’ growing interest in Nordic mining assets, leveraging the region’s stable political environment, advanced infrastructure, and commitment to sustainable mining practices. This transaction enhances United Lithium’s positioning to capitalize on evolving private equity exit strategies in strategic metals and supports its ambition to become a key player in Europe’s clean energy metals supply chain.
Outlook and Next Steps
Following closing, United Lithium plans to integrate SM’s assets and management expertise to accelerate exploration and development activities. The company will focus on advancing high-potential projects with existing infrastructure to optimize capital efficiency and reduce time to production.
Investors and industry observers will be watching closely for regulatory approvals and the company’s execution on its expanded Nordic platform, which could serve as a blueprint for future consolidation in the strategic metals sector.
Sources
https://www.aktiencheck.de/news/Artikel-United_Lithium_Enters_Into_Definitive_Agreement_to_Acquire_Swedish_Minerals_Advancing_Nordic_Strategic_Metals_Platform-19292413, https://www.globenewswire.com/search/subject/anr,ern,div,fin,ipo,mna, https://www.barchart.com/story/news/36558868/united-lithium-enters-into-definitive-agreement-to-acquire-swedish-minerals-ab-advancing-nordic-strategic-metals-platform, https://financialpost.com/author/wsglobenewswire/, https://www.globenewswire.com/news-release/2025/12/10/3203488/0/en/United-Lithium-Enters-Into-Definitive-Agreement-to-Acquire-Swedish-Minerals-AB-Advancing-Nordic-Strategic-Metals-Platform.html, https://www.strathroyagedispatch.com/category/globe-newswire/, https://www.manilatimes.net/2025/12/11/tmt-newswire/globenewswire/united-lithium-enters-into-definitive-agreement-to-acquire-swedish-minerals-ab-advancing-nordic-strategic-metals-platform/2241161, https://www.investing.com/news/company-news/united-lithium-to-acquire-swedish-minerals-expanding-into-uranium-93CH-4401704
