United Lithium Corp. announced that in addition to the acquisition of two new properties in Finland on April 29, 2024, it has received notification from the Finnish Mining Authority (TUKES) that a reservation notice for an additional highly prospective property has been received and approved. This newly acquired property, Kannus, will increase the Company's land position in Finland by 15,225 hectares (ha).

The Kannus reservation is located directly north of the Keliber Lithium deposit owned by Sibanye-Stillwater, which is currently being built as Europe's first mine-to-market lithium producer. The new reservation is valid until the second quarter of 2025, at which time, the Company will need to evaluate results and determine whether to convert any portion of the property into an exploration permit. Until that time, under a reservation status, the Company has the right to complete field work including mapping and sampling to potentially identify future drill targets and will be allowed to convert the reservation into an exploration permit without interference of other exploration companies.

The Kannus Reservation (Kannus) is located approximately 420 km north of Helsinki in the middle-Ostrobothnia region of Finland. Kannus covers approximately 15,225 ha (15.2 km2) and is located 40 km west of the port city of Kokkola, the third largest general port in Finland. It is also directly situated north of the Keliber Lithium deposits owned by Sibanye-Stillwater within the Järvi-Pohjanmaa Lithium Metallogenic Belt.

As of December 2023, the Keliber Lithium deposit contains 11.3 Mt of Measured and Indicated at 1.25 % LiO2 (Sibanye-Stillwater, Mineral Resources and Mineral Reserves Report, 2023). The Kannus Reservation area is covered mostly by the Paleoproterozoic metasediments, black schists and mafic volcanic rocks of the Western Finland schist belt, which also hosts the majority of the Keliber Lithium LCT-deposits and borders from its south-western part to the same Seinäjoki-suite pegmatite-granite intrusion as the Keliber LCT-pegmatite belt. No publicly reported LCT-exploration has been completed historically on the Kannus Reservation.