# US Elemental Inc. (ULIT) — merger/definitive [pending]
Source: SEC API (secapi.ai) · situation sit_ec70927a3c944784b593 · retrieved 2026-08-11T16:10:48.162Z

## Overview
US Elemental Inc. is focused on developing the McDermitt Lithium Project, one of the largest and most strategic lithium resources in the United States, to supply battery-grade lithium carbonate into US supply chains.

Constellation Acquisition Corp I (CSTA), a blank-check company, is combining with HiTech Minerals Inc. and US Elemental Inc. in a proposed business combination. US Elemental is focused on developing the McDermitt Lithium Project, one of the largest lithium resources in the United States, with plans to supply battery-grade lithium carbonate to US supply chains. The combined entity (PubCo) will list on Nasdaq and use capital markets funding to advance the McDermitt project through feasibility studies to final investment decision. Ian Rodger is identified as the incoming CEO of US Elemental. A Registration Statement on Form S-4 is being prepared, and CSTA shareholders will vote on the business combination at an extraordinary general meeting.

## Terms
- Counterparty: HiTech Minerals Inc. and Constellation Acquisition Corp I

## Key dates
- Announced 2026-07-23

## Timeline
- 2026-07-23 · 425 (0001213900-26-080937): 425 - US Elemental Inc. — *US Elemental Inc. is a US-focused lithium development company being formed to advance the McDermitt Lithium Project, one of the largest undeveloped lithium resources in the United States, with a 2024 prefeasibility study outlining a 63-year mine life and battery-grade lithium carbonate production capacity of 40,000–50,000 metric tons per year.* HiTech Minerals Inc., a wholly owned US subsidiary of Australian-listed Jindalee Lithium Ltd. (ASX: JLL), is combining with Constellation Acquisition Corp. I (a SPAC sponsored by Antarctica Capital) to form US Elemental Inc., a NASDAQ-listed vehicle focused on developing the McDermitt Lithium Project on the Oregon-Nevada border. The project hosts approximately 21.5 million metric tons of lithium carbonate equivalent and a 2024 prefeasibility study outlined a 63-year mine life capable of producing 40,000–50,000 metric tons per year of battery-grade lithium carbonate with estimated project NPV exceeding $3 billion. The transaction contemplates a $20–30 million capital raise to fund feasibility studies, infill drilling, permitting, and other development activities. Jindalee is expected to retain a controlling ownership interest in the combined entity, which will operate as a dedicated US-domiciled, NASDAQ-listed platform to access US institutional capital and government-backed financing programs.
  https://www.sec.gov/Archives/edgar/data/2134552/0001213900-26-080937.txt
- 2026-07-29 · 425 (0001213900-26-082961): 425 - US Elemental Inc. — *US Elemental Inc. is focused on developing the McDermitt Lithium Project, one of the largest and most strategic lithium resources in the United States, to supply battery-grade lithium carbonate into US supply chains.* Constellation Acquisition Corp I (CSTA), a blank-check company, is combining with HiTech Minerals Inc. and US Elemental Inc. in a proposed business combination. US Elemental is focused on developing the McDermitt Lithium Project, one of the largest lithium resources in the United States, with plans to supply battery-grade lithium carbonate to US supply chains. The combined entity (PubCo) will list on Nasdaq and use capital markets funding to advance the McDermitt project through feasibility studies to final investment decision. Ian Rodger is identified as the incoming CEO of US Elemental. A Registration Statement on Form S-4 is being prepared, and CSTA shareholders will vote on the business combination at an extraordinary general meeting.
  https://www.sec.gov/Archives/edgar/data/2134552/0001213900-26-082961.txt

## Citations
- 0001213900-26-080937 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026080937
- 0001213900-26-082961 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026082961