Recent Updates — CSTWF
Constellation Acquisition Corp I filed an 8-K under Regulation FD to furnish a transcript of a fireside discussion held on September 23, 2026, at the Water Tower Research Insights Conference. Ian Rodger, Chief Executive Officer of HiTech Minerals and incoming CEO of US Elemental Inc., discussed the proposed business combination between CSTA, HiTech, and PubCo (US Elemental). The transaction is expected to list US Elemental on Nasdaq under the ticker ULIT in Q4 2026. The company highlighted its McDermitt Lithium Project, a strategic U.S. asset with a resource of 21.5 million tonnes of contained lithium carbonate equivalent. A 2024 Pre-Feasibility Study indicated an NPV north of $3 billion and an IRR of nearly 18%. The company aims to complete financing of $20 million to $30 million and commence infill drilling in September 2026 to support a feasibility study targeted for completion by late 2027. Constellation Acquisition Corp I operates as a special purpose acquisition company focused on effecting a merger, capital stock exchange, asset acquisition, or similar business combination.
Constellation Acquisition Corp I (CSTA) filed an 8-K to furnish a transcript of a fireside chat featuring Ian Rodger, incoming CEO of US Elemental Inc. (PubCo). The discussion focused on the proposed business combination between CSTA, HiTech Minerals Inc., and PubCo to list PubCo on Nasdaq under the ticker ULIT. The combination aims to bring the McDermitt Lithium Project in Oregon, which has a resource of 21.5 million tons of lithium carbonate equivalent, to US public markets and raise $20 million to $30 million. The company operates in the critical minerals industry, focusing on the development of lithium resources for the battery supply chain.
HiTech Minerals and Constellation Acquisition Corp I announced a joint press release regarding the proposed business combination between the parties and the upcoming participation of Ian Rodger, CEO of HiTech Minerals, in a Water Tower Research Fireside Chat on July 16, 2026, to discuss the transaction and the anticipated Nasdaq listing of US Elemental Inc. under the ticker symbol "ULIT". Constellation Acquisition Corp I is a special purpose acquisition company.