United Lithium Balance Sheet Health

Financial Health criteria checks 4/6

United Lithium has a total shareholder equity of CA$13.4M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$13.8M and CA$477.9K respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$2.71m
Equity	CA$13.35m
Total liabilities	CA$477.90k
Total assets	CA$13.83m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: ULTH.F's short term assets (CA$3.2M) exceed its short term liabilities (CA$398.0K).

Long Term Liabilities: ULTH.F's short term assets (CA$3.2M) exceed its long term liabilities (CA$79.9K).

Debt to Equity History and Analysis

Debt Level: ULTH.F is debt free.

Reducing Debt: ULTH.F had no debt 5 years ago.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ULTH.F has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ULTH.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of 26.6% each year

United Lithium Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

Recent updates

United Lithium Corp. Commences Field Exploration Programs in Finland

United Lithium Announces Drill Results for Lithium Pegmatites D & E Confirming Strike Length of over 4,000M At Bergby Project, Sweden

United Lithium Corp. (CNSX:ULTH) acquired Pr1 Finland Oy from Pure Resources Limited (ASX:PR1) for AUD 0.19 million.

United Lithium Corp. announced that it has received CAD 2 million in funding

United Lithium Corp. (CNSX:ULTH) completed the acquisition of remaining 16.4% stake in Litiumloydos Oy from Tammela Minerals Oy for CAD 0.2 million.

United Lithium Corp. (CNSX:ULTH) completed the acquisition of 16.4% stake in Litiumloydos Oy from Tammela Minerals Oy for 0.2 million.

United Lithium Corp. announced that it expects to receive CAD 2 million in funding

United Lithium Corp. Announces Executive Changes

United Lithium Corp., Annual General Meeting, Mar 28, 2024

United Lithium Corp. Reports Further Assay Results from the 2023 Drill Program At the Bergby Lithium Project in Sweden

United Lithium Corp. Reports the First Set of Diamond Drilling Results from Its 2023 Drilling Program At the Bergby Lithium Project

United Lithium Corp. Announces Results of Drilling from the Kietyonmaki Project, Finland

United Lithium Corp. Increases Land Package by 20,000 Hectares, Drill Results Pending At Kietynmki Project, Finland

United Lithium Corp. Stakes Third Hard-Rock Lithium Project in Wyoming, USA Within Historical Pegmatite Production Area: the Freedom Project

United Lithium Corp. Completes Surface Sampling Program at the Patriot Project, Colorado

United Lithium Corp. Announces Executive Appointments

United Lithium Corp. Completes 2023 Surface Sampling Program At the Liberty Project, South Dakota

United Lithium Corp. Appoints Michael Kobler to Board of Directors

United Lithium Corp. Receives Confirmation of Adjudication on 220 Additional BLM Claims from the Liberty Lithium Project in the Black Hills, South Dakota

United Lithium Corp. Stakes an Additional 220 BLM Claims in the Black Hills Near Pringle, South Dakota

United Lithium Corp. Completes Staking of Large Land Position in Historical Lithium Pegmatite Producing Area Near Ohio City, Colorado

United Lithium Corp. Receives BLM Validation of 508 Claims Staked At the Liberty Lithium Project, South Dakota

United Lithium Corp., Annual General Meeting, Dec 07, 2022

United Lithium Corp. Commences Drilling on Kietyönmäki Lithium Project in Finland and Expands Land Position

United Lithium Corp. Provides an Update on Recent Exploration Activities

United Lithium Corp. Establishes Dominant Land Position in Historical Lithium Pegmatite Production Area Near Custer, South Dakota

United Lithium Corp Adds Second Drill to the Bergby Lithium Project

United Lithium Corp. (CNSX:ULTH) completed the acquisition of a 83.6% stake in Finland Lithium Project from Sunstone Metals Limited (ASX:STM) for CAD 0.87 million.

United Lithium Corp. Provides Update on its Lithium Hydroxide Testing Program

United Lithium Corp Intersects Recently Discovered Spodumene-Bearing Pegmatite in 9 Holes

United Lithium Corp Discovers Two New Lithium Rich Pegmatites At Bergby Project, Sweden, in Ongoing Drill Program

United Lithium Corp. Successful in Improving Lithium Recovery in Chemical Roasting and Microwave Tests

United Lithium Corp. (CNSX:ULTH) signed a definitive agreement to acquire 83.6% stake in Finland Lithium Project from Sunstone Metals Limited (ASX:STM) for CAD 0.81 million.

United Lithium Corp. (CNSX:ULTH) signed a letter of intent to acquire Finland Lithium project from Sunstone Metals Limited (ASX:STM) and Nortec Minerals Corp. (TSXV:NVT).

United Lithium Corp. (CNSX:ULTH) (ULTH) completed the acquisition of Bergby Lithium project from Leading Edge Materials Corp. (TSXV:LEM).

United Lithium Corp. Expands Advisory Board with Addition of Mark Saxon

United Lithium Corp. announced that it has received CAD 9.2 million in funding

United Lithium Corp. Plans 9,000M of Drilling At the Bergby Project in Sweden Post-Acquisition

United Lithium Corp. Appoints Robert Schafer to Board of Directors

United Lithium Corp. Announces Appointment of Mark Ireton to its Board of Directors

United Lithium Corp. announced that it expects to receive CAD 8 million in funding

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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