Company
Ultra Lithium Inc.
CVE:ULI
Ultra Lithium Inc is a Canadian publicly traded acquisition and resource development company. As a diversified gold and lithium company holding 16 gold projects in Argentina, and all three major types of lithium projects, the company is led by a strong management team with specific expertise in gold and lithium exploration and development. Currently, Ultra Lithium is focused on its Argentine and Canadian gold and lithium projects and has a portfolio of two lithium exploration and development projects in Catamarca Province, Argentina, as well as two projects in Ontario.
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Ultra Lithium taken aback by Canadian government’s critical minerals announcement
The company said its board and management are “very surprised at Canada’s policy against Chinese investment in Canada’s lithium projects” and believes the announcement has been “detrimental to the company’s many Canadian shareholders"
Archive
Canada positioned to become a key producer of lithium, Canaccord says as it warns of critical supply-demand imbalance in North America
Canaccord highlighted a growing number of active development and exploration projects which could see Canada emerge as an important lithium producing nation in the medium-longer term
Ultra Lithium terminates its equity subscription agreement with Yahua
The exploration and development firm said the decision not to proceed with the investment was based on both parties’ assessment of the current international environment and its potential impact on the mine development cycle
Ultra Lithium updates on drill progress at Forgan Lake and Georgia Lake properties
Updating on progress, the company said core was being logged and marked, and samples will be shipped for assay over the next month
Ultra Lithium closes non-brokered private placement, issuing 2,156,278 units for gross proceeds of C$323,442
The company said the net proceeds from the sale of units will be used for general working capital purposes
Ultra Lithium announces new financing to help advance global portfolio of mineral assets
The firm is raising money through a non-brokered private placement of up to four million units at a price of $0.15 per unit for gross proceeds of $600,000
Ultra Lithium kicks off exploration activities at the Forgan Lake lithium property in Ontario
The lithium, gold, and copper exploration and development company said work on the property includes trenching, channel and bulk sampling, metallurgical test work, and diamond drilling
Ultra Lithium set to kick off drilling at the Georgia Lake lithium property in Ontario
“By taking advantage of the company’s exploration expertise and Yahua’s production capabilities in the hard rock lithium space and with the support of the local communities, we are at full strength to expedite the exploration work and move
Ultra Lithium signs definitive partnership agreement with Zangge Mining for Laguna Verde brine lithium project in Argentina
The company said Zangge will pay it $10 million in staged payments and invest $40 million in the Laguna Verde project as work expenditures in return for a 65% stake in its Ultra Argentina subsidiary, which holds the Laguna Verde property
Ultra Lithium closes first tranche of private placement, raises about C$1.1M
The lithium properties developer noted that proceeds from the offering will be used to fund the exploration of its Argentine and Canadian properties and for general working capital purposes
Ultra Lithium amends private placement to add flow-through component thanks to strong investor demand
The Vancouver-based exploration company said it will raise C$7,003,000 from the sale of units at a price of C$0.235 per unit, and flow-through units of the company (FT units) at a price of C$0.25 per FT unit for gross proceeds of up to C$2
Ultra Lithium reports encouraging progress at its Laguna Verde lithium brine project in Argentina
A geophysical study of the well indicated the presence of a continuous brine aquifer made up of “mainly classic” sediments from 13.9 metres to 205 metres depth, with a marked hydrothermal presence towards the deeper section