RE: BackgroundIMO...The best is yet to come. I think they are keeping the best news under wraps and for a good reason. Currently Lithium is considered a good buy. Currently ULI is cheap and someone wants to keep it that way as long as possible.
Management is considered to be top notch and they currently have an expert advisor with 30 year experience in the lithium industry.
The project shares a "similar" geology and weathering history to Clayton Valley. Read more on their website.
https://ultralithium.com/properties/south_big_smokey_valley/
They say "similar", I say exactly the same, maybe not quite as large, or possibly larger. Obviously if it is the same, they would want to keep forward looking statements under wrap until resources could be proven. The plant has been in production since 1967 and is designed to produce up to 1.2 million kilograms of lithium per annum, currently they are the only lithium brine producer in the US.
I'm also looking at another lithium junior: looks like it's heating up, currently at .13c.