VANCOUVER, British Columbia, May 06, 2026 (GLOBE NEWSWIRE) -- United Lithium Corp. ("United Lithium" or the "Company") (CSE: ULTH; OTCQB: ULTHF; FWB: 0UL) announces today that the Company intends to complete a non-brokered private placement (the "Offering") consisting of up to 8,000,000 units (each, a "Unit") of the Company at a price of $0.15 per Unit for gross proceeds of up to $1,200,000. 

Each Unit is comprised of one common share (each, a "Share") and one-half (1/2) common Share purchase warrant (each, a "Warrant") entitling the holder to acquire one additional Share at a price of $0.20 for a period of twenty-four (24) months.

The Company intends to use the net proceeds raised from the Offering for general working capital purposes and for continued exploration of the Company's properties. All securities issued in the Offering will be subject to a statutory four-month hold period. Closing of the Offering is subject to receipt of all required regulatory approvals, including approval from the Canadian Securities Exchange (the "CSE").

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act ...