United Lithium Files Updated 43-101 Technical Report for the Duobblon Uranium Project in Sweden

Executive Summary

• United Lithium filed a NI 43‑101 compliant technical report for its 100% owned Duobblon Uranium Project in Sweden, providing the first modern disclosure since the lift of Sweden’s uranium ban.
• The historical resource estimate (13.8 Mt @ 0.029% U₃O₈) is disclosed for context only and is not considered a current NI 43‑101 resource.
• On March 9 2026 the company granted 5,125,000 stock options at $0.32 per share to directors, officers, employees and consultants.

Key Details

• Technical Report: “Technical Report on the Duobblon Uranium Project, Västerbotten County, Lapland Province, Kingdom of Sweden” filed on SEDAR+. Prepared by Avrom E. Howard, M.Sc., P.Geo., Nebu Consulting LLC (qualified person).
• Project Overview: 100 % owned, ~630‑hectare historic uranium exploration property; first NI 43‑101 documentation since Sweden lifted its national ban on uranium mining (effective Jan 1 2026).
• Historical Resource (2008 Mawson): 13.8 Mt at 0.029 % U₃O₈ = ~8.75 Mlb U₃O₈. Not NI 43‑101 compliant; disclosed for historical context only.
• Drilling History: 55 diamond holes totaling 10,300 m drilled (1976‑1979 by SGU). Core from ≥46 holes stored at SGU Malå core archive (~100 km from project).
• Mineralization: Historically continuous, strata‑bound uranium mineralization; open along strike in both directions and at depth pending further drilling.
• Metallurgy (Historical): Reported uranium recoveries up to 95 % (earlier tests) and up to 86.3 % (subsequent tests). Tests were historical, not under modern QA/QC; not indicative of future performance.
• Infrastructure: Adjacent to Sweden’s “Gold Line Belt” with excellent road access, power and regional infrastructure within an established mining district.
• Qualified Person Review: Avrom E. Howard (Nebu Consulting LLC) reviewed and approved the scientific and technical data in this release.
• Option Grants: 5,125,000 stock options granted on March 9 2026 to directors, officers, employees and eligible consultants under the Omnibus Incentive Plan; exercise price $0.32 per common share; vest immediately; expire five years from grant date.

Notable Quotes

“The filing of this NI 43‑101 technical report marks a significant milestone for United Lithium as we bring modern, compliant disclosure to the Duobblon Project following Sweden’s regulatory changes.” – Andrew Bowering, Interim Chief Executive Officer

All forward‑looking statements are subject to risks and uncertainties described in the release.