Constellation Acquisition to take US Elemental public in deal valuing company at $571 million

Reuters04-09
<a href="https://laohu8.com/S/CEG">Constellation</a> Acquisition to take US Elemental public in deal valuing company at $571 million
  • Constellation Acquisition Corp. I signed a definitive business combination agreement with HiTech Minerals, a Jindalee Lithium unit, to take newly formed US Elemental public on Nasdaq under ticker ULIT.
  • Transaction implies pro forma enterprise value of about USD 571 million.
  • US Elemental would hold HiTech Minerals’ U.S. lithium assets, including McDermitt project in Oregon and Clayton North project in Nevada.
  • Jindalee expects to roll 100% of its U.S. asset equity into US Elemental, retaining about 80% or more ownership at closing.
  • Deal contemplates USD 20-30 million capital raise, including USD 4 million PIPE from Antarctica Capital affiliates, with closing targeted for H2 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Constellation Acquisition Corp. I published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202604090805PRIMZONEFULLFEED9686896) on April 09, 2026, and is solely responsible for the information contained therein.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment