Urban Lithium Inc (Ticker: 073570.KQ) engages primarily in the exploration, development, and production of lithium resources to support the global battery and electric vehicle supply chain. The company offers lithium carbonate and hydroxide products derived from its proprietary extraction technologies; brine-based lithium processing services; and related mineral exploration consulting for hard-rock and salar deposits. It operates across key lithium-rich regions including South America and Australia, with a focus on sustainable mining practices targeting industrial manufacturers and battery producers.
Founded in 2018 and headquartered in Seoul, South Korea, Urban Lithium Inc serves the clean energy sector through its core segments of resource acquisition, chemical processing, and downstream supply agreements. The company maintains strategic operations in Chile and Argentina for brine projects and Australia for spodumene concentrates, alongside its domestic R&D facilities in Korea.
In recent developments, Urban Lithium Inc completed a significant funding round in late 2024 raising KRW 50 billion for expansion into next-generation direct lithium extraction (DLE) technologies; announced a strategic partnership with a major South Korean battery maker in early 2025 to secure offtake agreements; and acquired a 30% stake in a Bolivian lithium triangle project in mid-2025 to bolster its reserve base. These moves reflect the company's shift toward integrated supply chain solutions amid rising global demand for battery-grade lithium. No major name changes or reorganizations have occurred recently.