Bullboard - Stock Discussion Forum Ultra Lithium Inc ULTXF

Primary Symbol: V.ULT

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... see more

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Ultra Lithium Inc > How hard will this hit ULT

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Post by Red~One on Nov 03, 2022 3:08pm

How hard will this hit ULT

"Zangge Mining Investment (Chengdu) Co., Ltd is one of only three companies in the world with industrialized adsorption lithium extraction technology."

Also "“Ultra Lithium” or “the Company”) announces that the Company has entered into a definitive agreement with Zangge Mining Investment (Chengdu) Co. Ltd. (“Zangge”), for exploration and development of its 100% owned Laguna Verde Brine Lithium Project in Catamarca Province, Argentina. Under the terms of the agreement, Zangge will, in staged payments, pay US$10 million to Ultra Lithium and invest US$40 million in the Laguna Verde Project as work expenditures for a 65% stake in Ultra Argentina S.R.L. (Ultra Argentina) which is a subsidiary of Ultra Lithium and holds the Laguna Verde Property."

How much will this hurt and will they be able to compromise and still use their technology ?

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