Acquiring Company
US Elemental
Acquired Company
HiTech Minerals
New YorkEnergyRenewable EnergyMiningDescription
US Elemental Inc. is acquiring HiTech Minerals Inc. as part of a proposed business combination. The deal is expected to close in the second half of 2026, pending regulatory approvals and shareholder consent. Following the acquisition, HiTech Minerals will become a wholly owned subsidiary of US Elemental.
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M&A Insights
Based on deal dataFrequently asked
Who acquired HiTech Minerals?
HiTech Minerals was acquired by US Elemental, based in New York. The deal was reported on August 13, 2026. US Elemental Inc. is focused on lithium projects in the United States. The company aims to develop significant lithium resources to support the growing demand for energy storage. US Elemental is privately held and operates in Energy.
When did US Elemental acquire HiTech Minerals?
US Elemental's acquisition of HiTech Minerals was reported on August 13, 2026. US Elemental Inc. is acquiring HiTech Minerals Inc. as part of a proposed business combination. The deal is expected to close in the second half of 2026, pending regulatory approvals and shareholder consent. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does HiTech Minerals do?
HiTech Minerals Inc. is a subsidiary of Jindalee Lithium Limited, specializing in lithium mining. The company holds interests in various lithium projects, including the McDermitt Lithium Project. It is privately held, operating in Mining.