US Elemental to List on NASDAQ Through Business Combination

Lithium development company to take public one of the largest U.S. lithium resources.

Apr. 9, 2026 at 1:44pm

Got story updates? Submit your updates here. ›

A photorealistic studio still life featuring a polished, geometric lithium battery cell and a raw lithium mineral sample arranged elegantly on a clean, monochromatic background, conceptually representing the strategic importance of domestic lithium resources for the U.S. energy transition.The public listing of US Elemental and its large domestic lithium resource aims to bolster U.S. production capabilities for the growing electric vehicle and energy storage markets.McDermitt Today

US Elemental, a U.S. lithium development company, has announced plans to list on the NASDAQ stock exchange through a business combination. The company's McDermitt Lithium Project in Nevada is one of the largest lithium resources in the United States, with an estimated 21.5 million tonnes of lithium carbonate equivalent (LCE).

Why it matters

The public listing of US Elemental comes at a critical time as demand for lithium, a key component in electric vehicle batteries, continues to surge globally. The McDermitt project represents a significant domestic lithium resource that could help reduce U.S. reliance on foreign lithium supplies.

The details

Under the terms of the business combination, US Elemental will become a publicly traded company on the NASDAQ exchange. The company's primary asset is the McDermitt Lithium Project located in Mcdermitt, Nevada, which it says contains one of the largest lithium resources in the United States.

  • US Elemental announced plans to list on the NASDAQ on April 9, 2026.

The players

US Elemental

A U.S. lithium development company that owns the McDermitt Lithium Project, one of the largest lithium resources in the United States.

McDermitt Lithium Project

A lithium resource located in McDermitt, Nevada, that is estimated to contain 21.5 million tonnes of lithium carbonate equivalent.

Got photos? Submit your photos here. ›

What’s next

The business combination and NASDAQ listing for US Elemental is expected to be completed in the third quarter of 2026, subject to regulatory approvals and other customary closing conditions.

The takeaway

The public listing of US Elemental and its development of the large McDermitt lithium resource represents an important step in bolstering domestic U.S. lithium production capabilities to meet the growing global demand for electric vehicles and energy storage.