Ultra Lithium Inc. is pleased to announce that Kiki Smith and Graham Adria have been appoint to the Company's board of directors. Graham Adria was appointed to the board of directors on November 15, 2023. Graham Adria has extensive experience as a corporate lawyer and currently works for an international law firm in Beijing. He is experienced in cross-border transactions in the resources sector, particularly on small and [...]
Ultra Lithium Inc. is pleased to announce that it has closed a non-brokered private placement issuing 3,636,364 Units at a price of C$0.055 per Unit for gross proceeds of C$200,000. Each Unit will be comprised of one common share of the Company and one half of one common share purchase warrant . Each whole Warrant will entitle the holder thereof to purchase one common share of the Company at $0.11 in the first twelve [...]
In a news release issued Friday, August 11, 2023, by Ultra Lithium Inc. under the same headline, please note the Warrant Share price in the second paragraph should be "$0.25 in the second twelve months following issuance" rather than "$0.12 in the second twelve months following issuance" as originally issued. Complete corrected text follows. Ultra Lithium Inc. is pleased to announce that it has closed a non-brokered [...]
Ultra Lithium Inc. is pleased to announce that it has closed a non-brokered private placement issuing 18,181,819 Units at a price of C$0.055 per Unit for gross proceeds of C$1,000,000. Each Unit will be comprised of one common share of the Company and one half of one common share purchase warrant . Each whole Warrant will entitle the holder thereof to purchase one common share of the Company at $0.11 in the first twelve [...]
Ultra Lithium Inc. is pleased to announce it has signed a binding Term Sheet to sell its Laguna Verde lithium-brine projects in the Catamarca Province for up to 50 million shares in Power Minerals Ltd. . Ultra Lithium holds 100% of the Laguna Verde lithium-brine project and other salar properties totaling +250,000-hectares in the Catamarca Province of Argentina within the world-renowned lithium triangle in north-west [...]
Ultra Lithium Inc. is pleased to announce assays for the first batch of channel sampling completed during Q4 2022 exploration work at its 100% owned Forgan Lake Lithium Property in northwestern Ontario, Canada. The channel sampling was completed at the Number 1 Pegmatite and other pegmatites on the Property. The first two trenches / channels cut 10 meters of lithium pegmatites each with 1.81% and 1.29% lithium oxide [...]
Ultra Lithium Inc. is pleased to announce the brine sampling results from a drill hole at its 100% owned Laguna Verde brine lithium project in Catamarca Province, Argentina. Drill hole LV22-04 assayed up to 417 parts per million lithium from two rounds of sampling completed in January - February 2023. Earlier, the geophysical study of the first well LV22-01 indicated the presence of a continuous single brine aquifer [...]
Ultra Lithium Inc. is pleased to announce that the Company has received the first batch of drilling results from four diamond drill holes at its 100% owned Forgan Lake Lithium Property in northwestern Ontario, Canada. The drilling was contracted to Diafore Drilling Inc. from Quebec who completed 31 NQ and HQ size core drill holes with a cumulative drilling of 3,635 metres. The results of four drill holes intersected [...]
Ultra Lithium Inc. announces that the Company has been advised that Zangge Mining Investment Co. Ltd. has received an order from Government of Canada to divest its interest in Ultra Lithium. Ultra Lithium and Zangge have also mutually agreed to terminate the definitive agreement with respect to the Laguna Verde property announced on June 20, 2022. The Board of Directors and management of the Company are very surprised at [...]
Ultra Lithium Inc. announces that the Company and Ya Hua International Investment and Development Co. Ltd. have mutually agreed to terminate Yahua's equity subscription in Ultra Lithium. In May 2022 Yahua signed a subscription agreement for 21,276,596 units of Ultra Lithium at a price of $0.235 per unit for gross proceeds of $5 million. The Parties have not completed closing and have agreed to terminate the subscription [...]
Ultra Lithium Inc. is pleased to provide an update on drilling progress at its Forgan Lake and Georgia Lake Lithium properties in northwestern Ontario, Canada. To date, the Company has completed 31 NQ and HQ size drill holes for over 3,500 meters of diamond drilling over the two properties. Several drill holes intersected lithium pegmatites of various widths ranging from 0.5 m to 15 m. Drill-core is presently stored at [...]
Ultra Lithium Inc. is pleased to announce that it has closed its non-brokered private placement issuing 2,156,278 Units at a price of C$0.15 per Unit for gross proceeds of C$323,442. Each Unit will be comprised of one common share of the Company and one half of one common share purchase warrant . Each Warrant will entitle the holder thereof to purchase one common share of the Company for a period of 24 months. Each [...]
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