What is the key lithium project at the center of Constellation Acquisition Corp I's SPAC merger, and what are its most notable resource and economic metrics?

The key lithium project is the McDermitt Lithium Project, jointly advanced by HiTech Minerals and US Elemental Inc. It holds a 21.5 million ton lithium carbonate equivalent resource, has a projected 63-year mine life, carries FAST-41 federal permitting status, and a prefeasibility study indicates a post-tax net present value (NPV) of $3.23 billion.

How does the SPAC merger with Constellation Acquisition Corp I aim to support the development of the McDermitt Lithium Project?

The SPAC merger aims to bring the McDermitt Lithium Project to the NASDAQ and is supported by a $20–30 million capital raise intended to advance the project’s development amid growing U.S. demand and policy support for domestic critical minerals.

US Elemental (CSTAF) SPAC deal centers on large McDermitt U.S. lithium project

Apr 22, 2026

Constellation Acquisition Corp I proposed combining with US Elemental Inc. to list the McDermitt Lithium Project on NASDAQ, featuring a 21.5 million ton resource and $3.23 billion NPV. The deal supports domestic critical mineral development amid rising U.S. demand.

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US Elemental (CSTAF) SPAC deal centers on large McDermitt U.S. lithium project