HiTech Minerals, Jindalee Lithium, and Constellation Acquisition Announce Investor Webinar and Major US Lithium SPAC Deal
HiTech Minerals, Jindalee Lithium, and Constellation Acquisition Announce Investor Webinar and Major US Lithium SPAC Deal
Key Points for Investors
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Investor Webinar Scheduled: The previously announced investor webinar detailing the proposed business combination between HiTech Minerals Inc. (a wholly owned subsidiary of Jindalee Lithium Limited), and Constellation Acquisition Corp. I, will take place on Wednesday, April 22, 2026, at 10:00 AM ET. The session will include a live Q&A with management.
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Proposed Nasdaq Listing: Upon successful completion of the business combination, the newly formed entity, US Elemental Inc. (ticker: ULIT), anticipates listing on the Nasdaq.
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Business Combination Overview: The transaction will consolidate HiTech Minerals’ US lithium assets, including the McDermitt Lithium Project in Oregon and the Clayton North Project in Nevada, into US Elemental Inc.
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Significant US Lithium Resource: The McDermitt Lithium Project is expected to be one of the largest lithium resources in the United States and is strategically positioned to address the surging demand for battery materials and critical minerals driven by the energy transition.
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Strong US Government Engagement: The McDermitt Project recently completed a Pre-Feasibility Study (PFS) confirming its large scale, long-life, and low-cost production potential. The project has received strong engagement from US government agencies, including the Department of Energy.
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SPAC and Sponsor Details: Constellation Acquisition Corp. I is a special purpose acquisition company (SPAC) sponsored by affiliates of Antarctica Capital, LLC, a global investment firm with \$10 billion in assets under management as of December 31, 2025.
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Regulatory Process: The business combination will require SEC filings, including a registration statement on Form S-4 and proxy statements to be distributed to shareholders for approval.
Important Information for Shareholders
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Shareholder Vote: The completion of the transaction is contingent upon the approval of Constellation’s shareholders. The proxy statement/prospectus will be mailed to shareholders after SEC review, and shareholders are urged to review these documents carefully before voting.
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Potential Share Price Impact:
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The anticipated Nasdaq listing of US Elemental Inc. (ULIT) could significantly increase market visibility and liquidity, potentially benefiting shareholder value.
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The consolidation of major US lithium assets under a single entity, with advanced feasibility studies and government engagement, may position the company as a critical player in the US battery supply chain, which is highly price-sensitive due to global lithium demand and supply dynamics.
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The outcome of shareholder votes, regulatory approvals, and the completion of the business combination could cause share price volatility in both Jindalee Lithium Limited (ASX: JLL) and Constellation Acquisition Corp. I (OTCPK: CSTAF).
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Forward-Looking Statements and Risks:
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The transaction and future performance involve numerous risks and uncertainties, including regulatory approvals, ability to meet exchange listing standards, changes to the transaction terms, government support, and market conditions.
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Forward-looking statements about resource size, project economics (NPV, IRR), future production, and capitalization are subject to change based on market and operational developments.
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Shareholders are advised to review risk factors in the investor presentation (published April 9, 2026) and SEC filings, including Constellation’s Annual Report on Form 10-K for the year ended December 31, 2024.
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Access to Documents: All relevant documents, including proxy statements and the registration statement, will be available for free on the SEC’s website (www.sec.gov) and upon request from Constellation.
About the Companies
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US Elemental Inc.: Upon closing, will hold HiTech Minerals’ US lithium assets, focusing on advancing large-scale domestic resources to support the US energy transition.
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Jindalee Lithium Limited: Australian-listed company (ASX: JLL), 100% owner of the McDermitt Project, with unencumbered offtake rights and strategic positioning in the US critical minerals sector.
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Constellation Acquisition Corp. I: NY-based SPAC led by Antarctica Capital, focused on long-term investments in public and private markets.
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Antarctica Capital: International investment firm with \$10 billion in AUM as of year-end 2025.
Webinar Details
- Date: Wednesday, April 22, 2026
- Time: 10:00 AM Eastern Time
- Format: Live webcast with Q&A
- Registration: Investors can register via the provided Zoom link (see company IR pages for details).
Investor and Media Contacts
Disclaimer
This article is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation regarding any securities. No offering of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, or an exemption therefrom. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. Investors and shareholders should read all official filings, proxy statements, and registration statements with the SEC before making any investment or voting decisions. The author assumes no liability for investment decisions based on this summary.
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