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 [...]
Ultra Lithium Inc. announces a non-brokered private placement of up to 4,000,000 Units at a price of $0.15 per Unit for gross proceeds of $600,000 . 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 Warrant will be exercisable for $0.25 [...]
Ultra Lithium Inc. together with North Canada Lithium Corp. is pleased to announce the commencement of exploration work at the Forgan Lake Lithium Property in northwestern Ontario, Canada. The work includes trenching, channel and bulk sampling, metallurgical testwork and diamond drilling. The trenching and sampling work has already been started, and a 3,000 meter core drilling contract has been signed with Diafore [...]
Ultra Lithium Inc. is pleased to announce that it has closed the second tranche of its previously announced private placement for gross proceeds of C$570,200. The Company sold 3,167,778 units of the Company at a price of C$0.18 per Unit. Each Unit is 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 [...]
Ultra Lithium Inc. is pleased to announce it has entered into a Purchase, Sale and Joint Venture Agreement with Yahua International Investment and Development Co., Ltd. to sell a 60% interest in the Company's Georgia Lake and Forgan Lake properties and enter into a joint venture . The Company also announces a non-brokered private placement for aggregate gross proceeds to the Company of up to C$7,003,000 from the sale of [...]
Ultra Lithium Inc. is pleased to announce it has acquired 100% of the Forgan Lake property from International Lithium Inc. . The parties entered into an amended agreement wherein Ultra Lithium acquired 100% of Forgan Lake for a cash payment of $150,000. The Forgan Lake property consists of approximately 256 hectares land in 20 mining claims located in the Thunder Bay Mining District in Northwestern Ontario, Canada. It is [...]
Ultra Resources Inc. announces that the Board of Directors of the Company has resolved to change the name of the Company from Ultra Resources Inc. to Ultra Lithium Inc. The Company's trading symbol "ULT" will remain unchanged and the Company will resume trading under its new name Ultra Lithium Inc. on January 21, 2022. The new CUSIP and ISIN are: 90388C106 and CA90388C1068. "Kiki Smith" Kiki Smith, CFO About Ultra [...]
Ultra Resources is pleased to announce that the Company has signed a drilling contract with Los Arcangeles SA to carry out drilling and brine sampling on its 100% owned Laguna Verde brine lithium project in Catamarca Province, Argentina. The exploration work is aimed at achieving the following objectives: Identify the depth of the Laguna Verde basin. Confirm the potential of the aquifer in terms of porosity, permeability [...]
Ultra Resources Inc. is pleased to announce that it has closed the first tranche of its previously announced private placement for gross proceeds of C$3,626,899. The Company sold 7,005,148 flow-through units of the Company at a price of C$0.165 per FT Unit for gross proceeds of C$1,155,849 from the sale of FT Units, and 16,473,667 non-flow-through units of the Company at a price of C$0.15 per NFT Unit for gross proceeds [...]
Ultra Resources Inc. is pleased to announce a non-brokered private placement for aggregate gross proceeds to the Company of up to C$6.0 million from the sale of the following: units of the Company at a price of C$0.15 per Unit ; and flow-through units of the Company at a price of C$0.165 per FT Unit Red Cloud Securities Inc. is acting as a finder in connection with a portion of the Offering. Each Unit will be comprised of [...]
Ultra Resources Inc. is pleased to announce that the Company is planning to start exploration work on its 100% owned Laguna Verde brine lithium project in Catamarca Province, Argentina. The Company's previous exploration work included systematic surface brine sampling, ground geophysical surveys and bench scale evaporation testwork. The planned work program will include drilling and carrying out pumping tests to determine [...]
Ultra Resources Inc. announces that it has restaked 50 placer claims in the South Big Smoky Valley area in Esmeralda County, Nevada, USA. The placer claims were staked in two claim blocks where Ultra drilled two drill holes and carried out other exploratory work during the 2014-16 period. The drill core and surface sampling indicated anomalous values of lithium in sediments. Ultra's ground geophysical survey in 2014 [...]