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As of 4:30 PM 06/23/15 All times are local (Market data is delayed by at least 15 minutes).

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ultra lithium inc (ULTXF) 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

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ultra lithium inc (ULTXF) Key Developments

Ultra Lithium Inc Announces Management Changes

Ultra Lithium Inc. announced that Mr. Weiguo Lang has been appointed to the company's board of directors. Mr. Lang has also been appointed as interim Chief Executive Officer. Ms. Kiki Smith has been appointed as Chief Financial Officer. Dr. Weiguo Lang has more than 20 years of experience in the mining, technology and agriculture sectors, with a focus on building strategic alliances, joint ventures and financing. In conjunction with these appointments, Mr. Marc Enright-Morin, Ms. Nilda Rivera and Mr. Van Phu Bui have resigned as directors and officers of the company.

Ultra Lithium Inc Auditor Raises 'Going Concern' Doubt

Ultra Lithium Inc filed its Annual on Feb 19, 2015 for the period ending Oct 31, 2014. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

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.


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