ULI.V Price: 0.165 Change: -0.015 Volume: 7000 15-20 min delay view details
Ultra Lithium Inc. (TSX.V:ULI) is a Canadian publicly traded exploration and development company with a focus on the acquisition and development of lithium assets. The Company is currently focused on North American acquisitions and exploring its Big Smoky Valley Project located in Nevada, USA.
In the United States, the Company holds a 100% interest in the Big Smoky Valley Project located in Nevada. This Project has geological conditions favourable for hosting Lithium enriched brines. The Project is located 16 miles to the north of Albemarle Corp.’s Silver Peak mine (previously Chemetall), which has been producing lithium from brines since 1966. The Company has completed geophysics in the Big Smoky Valley and intends to be drilling in 2015.
The Company also has its Balkans Project in Serbia where it is exploring for lithium. The Company has completed 13 holes, totalling 7,445 metres of diamond drilling, on the Company's Blace, Koceljeva and Valjevo East exploration claims.