M&A Deal Summary

United Lithium Acquires Leading Edge Materials - Bergby Lithium Project

On February 11, 2021, United Lithium acquired metals/mining company Leading Edge Materials - Bergby Lithium Project from Leading Edge Materials

Acquisition Highlights
  • This is United Lithium’s 1st transaction in the Metals/Mining sector.
  • This is United Lithium’s 1st transaction in Canada.
  • This is United Lithium’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2021-02-11
Target Leading Edge Materials - Bergby Lithium Project
Sector Metals/Mining
Buyer(s) United Lithium
Sellers(s) Leading Edge Materials
Deal Type Divestiture

Target

Leading Edge Materials - Bergby Lithium Project

Vancouver, British Columbia, Canada
Bergby Lithium Project located in central Sweden 25km north of Gavle was staked by the Company in 2016 and covers three exploration permits for a total of 1903Ha. A prospecting campaign with mapping and sampling identified an extensive lithium-mineralized spodumene pegmatite boulder field and outcrops.

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Buyer(S) 1

Buyer

United Lithium

Vancouver, British Columbia, Canada
Category Company
Founded 2017
Sector Metals/Mining
DESCRIPTION

United Lithium 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. United Lithium was founded in 2017 and is based in Vancouver, British Columbia.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

Leading Edge Materials

Vancouver, British Columbia, Canada
Category Company
Sector Metals/Mining
DESCRIPTION

Leading Edge Materials owns 100% of the Woxna Graphite Mine, a unique and strategic European graphite project in central Sweden. The Woxna Graphite Mine is unique due to its high-quality large graphite flake, long life expandable resource, first-class existing infrastructure, potential to upgrade to value-added lithium battery graphite and its strategic position within the European Union. The Woxna Graphite Project is now in operations and supplying a high-quality graphite flake product to Europe, one of the world's dominant graphite markets.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-25 Tasman Metals

Vancouver, British Columbia, Canada

Tasman is a Canadian mineral exploration and development company focused on critical metals including REE's and tungsten in Scandinavia. Tasman's exploration portfolio is uniquely placed, with the capacity to deliver strategic metals from politically stable, mining friendly jurisdictions with developed infrastructure and skills.

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