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ultra lithium inc (ULI) Snapshot

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02/27/14 - C$0.06
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ultra lithium inc (ULI) Details

Ultra Lithium Inc. is engaged in the acquisition, exploration, and development of resource properties. It primarily explores for lithium, boron, and rare earth metal deposits in Serbia and the United States. The company holds interests in the Balkans project comprising 7 lithium/boron exploration licenses, which cover an area of approximately 643 square kilometers located in Serbia. It also has a 100% interest the South Big Smokey Valley property, which comprises 364 placer claims covering an area of approximately 7,280 acres and is located in Esmeralda County, Nevada. The company was formerly known as Jantar Resources Ltd. and changed its name to Ultra Lithium Inc. in September 2009. Ultra Lithium Inc. was founded in 2004 and is headquartered in Vancouver, Canada.

Founded in 2004

ultra lithium inc (ULI) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$115.3K
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

ultra lithium inc (ULI) Key Developments

Ultra Lithium Inc. Enters into Letter of Intent with Rock Tech Lithium Inc

Ultra Lithium Inc. announced that it has entered into a Letter of Intent (LOI) with Rock Tech Lithium Inc. (Rock Tech) pursuant to which Ultra Lithium has been granted the sole and exclusive right to purchase a 100% interest in Rock Tech's Georgia Lake lithium project in Ontario (the Project). To purchase the project, Ultra Lithium must deliver $750,000 in cash and $750,000 in common shares of Ultra Lithium over a six-month period. The project is comprised of 22 mineral claims and 81 mining leases covering an area of approximately 4,594 hectares in the Thunder Bay Mining District of Ontario (Canada). Rock Tech's National Instrument 43-101 (NI 43-101) reports an indicated resource estimate of 3.19 million tonnes at 1.10% Li(sub)2(/sub)O and an inferred resource estimate of 6.31 million tonnes at 1.00% Li(sub)2(/sub)O based on over 12,000 metres of diamond drilling, and surface channel sampling.

Ultra Lithium Inc and BZMI Terminate Joint Venture Related to the Balkans Project

Ultra Lithium Inc. announced that the joint venture agreement with BZMI related to the Balkans has been terminated. Ultra Lithium through its wholly owned subsidiary, Ultra Balkans D.O.O. Beograd, retains 100% of the Balkans project.

Ultra Lithium Inc, Annual General Meeting, Aug 07, 2014

Ultra Lithium Inc, Annual General Meeting, Aug 07, 2014., at 10:00 Pacific Standard Time. Location: offices of Ultra Lithium Inc.. Agenda: To receive the audited consolidated financial statements of the Company for the fiscal year ended October 31, 2013 together with the report of the Auditors thereon; to appoint Auditors for the ensuing financial year; to set the number of directors for the ensuing year at four; to elect Directors for the ensuing year; to approve the company's 10% Rolling Stock Option Plan for the ensuing year; to authorize and approve by a majority of disinterested shareholders the re-pricing of 6,590,000 stock options; and to transact such further or other business as may properly come before the meeting or any adjournment or postponement thereof.


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