Investor Resources
US Elemental is a critical minerals company being formed through a proposed merger between HiTech Minerals, Inc., the wholly owned US subsidiary of Jindalee Lithium Limited (ASX: JLL | OTCQX: JNDAF), and Constellation Acquisition Corp. I, a US SPAC sponsored by an affiliate of Antarctica Capital, LLC. Upon closing, US Elemental is expected to list on a US national securities exchange, with Jindalee retaining more than 80% ownership.
Large-Scale U.S. Lithium Resource
US Elemental will hold the McDermitt Lithium Project, which contains a mineral resource of approximately 21.5 mm tonnes LCE and is expected to support a multi-decade project life of approximately 63 years, positioning it among the largest lithium deposits in the United States.
Compelling Project Economics
According to the project’s pre-feasibility study, McDermitt is expected to generate an estimated $3.2 Bn NPV (8%) and 17.9% post-tax IRR, with planned production of approximately 47,500 tonnes per year of lithium carbonate during the first decade of operations.
Positioned Within the U.S. Critical Minerals Supply Chain
The project aligns with U.S. policy priorities to develop domestic sources of lithium and strengthen supply chains supporting electric vehicles, battery storage and advanced manufacturing.