Ultra Lithium Inc V.ULT

Alternate Symbol(s): ULTXF

Metals & Mining Industrial Metals & Minerals

Ultra Lithium Inc. is a Canada-based exploration and development company with a focus on the acquisition and development of lithium, gold, and copper assets. The Company holds a brine lithium property in Argentina, hard rock spodumene type lithium properties in the Georgia Lake / Forgan Lake area in northwestern Ontario, Canada, and a brine lithium property in the Big Smoky Valley, Nevada, United States of America. It also holds other gold and base metals properties in Argentina. Its lithium projects include Laguna Verde Brine Lithium Property, Georgia Lake Lithium Pegmatites, Forgan Lake Lithium Pegmatites and South Big Smoky Valley Project. It holds a Laguna Verde I and II brine lithium property in Argentina, comprising 7,569 hectares of land on three mining licenses. Its Georgia Lake Lithium Pegmatites Project comprises over 16 mineral claims covering 2,416 Hectares (ha) land in 151 units. Its South Big Smoky Valley Project consists of 659 placer claims covering over 13,000 acres.

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Ultra Lithium Inc

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Comment by kermode1on Jan 20, 2011 3:47pm

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Post# 18003512

RE: RE: RE: Background

I haven't seen any recent updates, but I did find something that suggest they are working on 43-101 at Berland. Previous studies there have inferred the resource up to 2.4 B pounds.

So I am very hopeful for the future on ULI.

Other info suggests they currently own 50% interest in Berland, but have put out a LOI for 100%

Check out Byron Capital Markets, they put out a report last April on the REE sector, many companies are covered in their report.

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