ULTRA LITHIUM INC. — TSX.V-ULT
Ultra Lithium Inc. ULT
  • Home
  • About
    • Overview
    • Directors
    • Management
    • Corporate Responsibility
    • Corporate Information
    • Disclaimer
  • Lithium
    • Overview of Projects
    • Laguna Verde Brine Lithium Property
      • Laguna Verde Brine Photos
      • Laguna Verde Brine Maps
    • Georgia Lake Lithium Pegmatites
      • Georgia Lake Lithium Photos
    • Forgan Lake Lithium Pegmatites
    • South Big Smoky Valley Project
    • Lithium Uses
  • Gold
    • Gold Projects
    • Assay Results
    • Gold Project Photos
  • Investors
    • Stock Quote
    • Investor Presentation
    • Regulatory Filings
    • Investor Contact
  • News
    • News Releases
    • Media Contact
    • Media Resources
  • Contact
    • Contact Information
    • Investor Email Signup
  • Menu Menu
  • Twitter
  • Facebook
  • LinkedIn
  • Youtube
Blog - Latest News

Australian Lithium Industry Taking Off – But 54% of World’s Lithium In South America

November 8, 2018/in In the News/by Gray Leigh

Australian Lithium Leads the World – For Now

Australian lithium plays a large role in the country’s resource and export industries. Today, this sector is worth nearly $250 billion AUS. The mineral powering the world’s steadily growing fleet of clean energy vehicles is largely responsible. Although coal’s still king in Australia, it’s encouraging that clean energy solutions are proving lucrative for the Oceanic nation.

australian lithiumMoreover, with global lithium production set to triple over the next 4 years, Australia will help power the clean energy revolution. However, the method it uses to mine lithium isn’t so eco-friendly. Especially since one of lithium’s main purposes is providing a sustainable alternative to oil and gas.

Australian Lithium & Hard Rock Mining

Unfortunately, Australia gets most of its lithium from hard rock mining. This is a process that involves drilling into hard rock and extracting lithium directly from the earth. Meanwhile, Australia lags behind the world in nearly all clean energy policies. Its government believes policies that provide financial incentives for EV ownership are unsustainable and distort the market. Its stance on mining is no different. Furthermore, its widely accepted the country has no climate policy.

Politics aside, the country’s mining industries are making a killing. Both its coal and lithium industries are thriving, and China’s invested a great deal in the nation’s resource and energy sectors. All the while, Argentina extracts its lithium using eco-friendly techniques.

Lithium’s Future Role

australian lithiumToday, 54% of the world’s existing lithium reserves are in 3 South American countries. These are Bolivia, Chile and Argentina. Ultra Lithium Inc has several lithium mining projects throughout Argentina, and uses a process called brine mining to extract the mineral. This process involves drilling into the earth, where water surfaces from the basin into an evaporation pool. Over time, lithium surfaces. Moreover, this process is cheaper than hard rock mining.

Australia’s success is great for the EV industry. However, its mistreatment of the environment is alarming.

Ultra Lithium Inc. A team of clean energy experts with a finger on the pulse of mining news, ULI is a lithium exploration company with holdings in Argentina, Canada and the US (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn

LATEST NEWS

  • Ultra Lithium Responds to Government of Canada Critical Minerals AnnouncementNovember 4, 2022 - 4:30 am
  • Ultra Lithium Inc. Provides Update On Yahua InvestmentOctober 13, 2022 - 4:30 am
  • Ultra Lithium Completes 3,500 Meters Drilling To Date At Forgan Lake And Georgia Lake Lithium Properties Northwestern Ontario Intersecting Lithium Pegmatites With Widths Up To 15 MetersOctober 11, 2022 - 4:00 pm
  • Ultra Lithium Inc. Closes Private PlacementOctober 7, 2022 - 5:00 pm
  • Ultra Lithium Announces Private PlacementSeptember 8, 2022 - 4:30 am

ABOUT

Overview
Management
Directors
Corporate Responsibility
Corporate Information
Disclaimer

 

LITHIUM

Overview of Projects
Laguna Verde Brine Lithium Property
– Laguna Verde Brine Photos
– Laguna Verde Brine Maps
Georgia Lake Lithium Pagmatites
– Georgia Lake Lithium Photos
Forgan Lake Lithium Pagmatites
South Big Smoky Valley Project

Lithium Uses

GOLD

Gold Projects
Assay Results
Gold Project Photos

INVESTORS

Stock Quote
Investor Presentation
Regulatory Filings
Investor Contact

NEWS

News Releases
Media Contact
Media Resources

CONTACT

Contact Information
Investor Email Signup 

CONTACT INFORMATION
Ultra Resources Inc.
1120 – 789 West Pender St.
Vancouver BC V6C 1H2
Canada

Kiki Smith, CPA, CGA
Chief Financial Officer
E: [email address protected by javascript]
T: +1-778-968-1176

Afzaal Pirzada, M.Sc.(Geo), P.Geo.
Vice President, Exploration
E: [email address protected by javascript]
T: +1-778-558-4940

Branding and Design:
NextPhase Strategy Marketing Inc.

Chinese Lithium Producer Signs Deal with Teslachinese lithiumlithium-tellurium batteriesLithium-Tellurium Batteries Show Promise
Scroll to top