MergerJul 10, 2026, 06:02 AM
Constellation Acquisition Corp I to Discuss HiTech Minerals Merger
AI Summary
Constellation Acquisition Corp I announced a virtual conversation hosted by Water Tower Research on July 16, 2026, to discuss its proposed business combination with HiTech Minerals Inc. and US Elemental Inc. The discussion will cover the anticipated Nasdaq listing of US Elemental Inc. (PubCo) and the investment case behind its McDermitt Lithium Project. This project is a significant U.S. lithium resource with an estimated 21.5M tons of lithium carbonate equivalent.
Key Highlights
- Virtual conversation scheduled for July 16, 2026, at 2:00 pm ET.
- Discussion to cover proposed business combination of Constellation Acquisition Corp I, HiTech Minerals, and US Elemental Inc.
- Anticipated Nasdaq listing of US Elemental Inc. (PubCo) under ticker ULIT.
- US Elemental's flagship asset is the McDermitt Lithium Project in Oregon.
- McDermitt Lithium Project contains approximately 21.5M tons of lithium carbonate equivalent (LCE).
- Jindalee Lithium Ltd. will retain a controlling ownership stake in PubCo.
Price Impact
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