Vancouver, BC – Ultra Lithium Inc. (TSX-V: ULI) (FSE: QFB) (“ULI” or “the Company”) is pleased to announce that it has staked an additional 300 placer claims, through its wholly-owned subsidiary, Ultra Lithium (USA) Inc.. The Company now has a 100% interest in 664 claims (13,280 acres) strategically located in the South Big Smoky Valley, Esmeralda County, Nevada.
South Big Smoky Valley shares a similar geology and weathering history to Clayton Valley, located 16 miles to the south. The north end of Clayton Valley hosts Chemetall Foote Corporation’s Silver Peak Mine, the only lithium brine producer in the United States. Mine production comes from lithium enriched brines located below the surface. This plant has been in production since 1967.
The Company intends to evaluate the potential for lithium-enriched brines within this highly prospective basin.
Marc Morin, President and CEO of Ultra Lithium stated, “We are pleased with this significant expansion of our lithium brine claims in Nevada. We will now commence permitting for a drill program.”
Ultra Lithium Inc. is a Canadian junior mining exploration Company with a focus in lithium and associated minerals. The Company is committed to evaluating, developing and acquiring projects with potential for high return-on-investment.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the Company by Mr. Shahab Tavakoli, M.Sc., a technical consultant to the Company and a qualified person.
On behalf of the Board of Directors
Marc Morin, President & CEO
Cautionary Statement Regarding “Forward-Looking” Information
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “plans”, “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
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