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 > Ultra sold Argentinian property

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Post by Biliondolarman on May 16, 2023 10:52am

Ultra sold Argentinian property

The company has inked a binding term sheet with Canada-based Ultra Lithium (TSXV:ULT) to snap up Ultra’s Argentinian lithium subsidiaries in an all-scrip deal.

Under the deal, Power Minerals will issue to Ultra Lithium 50 million PNN shares in return for full ownership of Ultra Argentina SARL and Ultra Minerals SA, which together own the 7,568-hectare Laguna Verde Lithium Brine Project and more than 250,000 hectares of ‘prospective’ properties in the Catamarca Province of northern Argentina.
>>>BDM

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