---
title: "Constellation Acquisition Corp. to merge with US Elemental, list McDermitt Lithium Project on Nasdaq as ULIT"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293019163.md"
description: "Constellation Acquisition Corp. has agreed to merge with US Elemental, creating a new Nasdaq-listed vehicle for the McDermitt Lithium Project under the ticker ULIT. The transaction aims to raise USD 20-30 million for project development. Jindalee Lithium, which currently owns the asset via HiTech Minerals, is expected to retain a significant stake post-merger. The McDermitt site, located on the Oregon-Nevada border, holds a resource of 21.5 million tonnes of lithium carbonate equivalent."
datetime: "2026-07-17T10:02:27.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293019163.md)
  - [en](https://longbridge.com/en/news/293019163.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293019163.md)
generator: "portal-rs"
---

# Constellation Acquisition Corp. to merge with US Elemental, list McDermitt Lithium Project on Nasdaq as ULIT

-   Constellation Acquisition Corp. I agreed to combine with US Elemental, a new Nasdaq vehicle to bring the McDermitt Lithium Project to U.S. public markets. \* McDermitt is currently owned by Jindalee Lithium via HiTech Minerals; Jindalee is expected to retain a significant stake post-transaction. \* The deal contemplates raising USD 20 million to USD 30 million to fund the next phase of project work. \* McDermitt sits on the Oregon-Nevada border near Lithium Americas’ Thacker Pass; the resource is cited at 21.5 million tonnes of lithium carbonate equivalent. 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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-078823), on July 17, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**