ULTRA LITHIUM INC. — TSX.V-ULT
Ultra Lithium Inc. ULT
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Blog - Latest News
gold stocks

Gold Stocks Surge Beyond Expectations

July 31, 2019/in In the News/by Gray Leigh

Bull Market Abounds as Gold Stocks Surge

Despite the advent of cryptocurrency and blockchain technology, gold’s maintained its value. Indeed, the chemical element is still in high demand. Consequently, gold stocks have surged.

READ: Gold in Computers of Utmost Importance

In fact, gold for delivery is at its highest since 2013. Many thought that digital currencies would slowly reduce gold’s value. Conversely, crypto’s value has stalled, with few practical applications emerging for the revolutionary technology.

Meanwhile, across the board, gold is trading at its highest volume for some time.

Production Exceeds Forecasts

gold stocksSince April, both the value of gold and gold fields jumped by nearly 50%. Moreover, Newmont Goldcorp (who recently acquired Goldcorp) is producing more than competitor Barrick’s 2019 forecast.

In fact, it’s produced nearly 3m more ounces than expected. Additionally, producers including AngloGold Ashanti and Kinross Gold enjoyed substantial surges in value.

Barrick Gold – the world’s top gold miner – is trading at its highest volume since November 2017. Furthermore, it’s trading at 3 times more than it usually does at this point in the calendar year.

Ultra Lithium Diversifies into Gold

gold stocksConsequently, things are looking up for gold stocks. Nevertheless, there is endless volatility in the market.

Regardless, you’re probably wondering: why is Ultra Lithium concerned with the value of gold?

We’ve recently diversified our mining exploration catalog. We’ve acquired several gold mining licenses in Argentina and are experiencing favourable results.

Be sure to stay up to date as this story unfolds.

 

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

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LATEST NEWS

  • Ultra Lithium Cuts 1.81 Percent Lithium Oxide Over 10 Meters in Channel Samples at the Forgan Lake Lithium Property Northwestern OntarioMarch 3, 2023 - 10:16 am
  • Ultra Lithium Invites Shareholders and Investment Community to Visit Booth #2353 at PDAC 2023 Toronto, March 5-8, 2023March 2, 2023 - 6:00 am
  • Ultra Lithium Assays Up To 417 PPM Lithium in Drill Hole at the Laguna Verde Brine Lithium Project in ArgentinaFebruary 28, 2023 - 4:30 am
  • Ultra Lithium Intersects 2.68 Percent Lithium Oxide at The Forgan Lake Lithium Property in Northern Ontario, CanadaFebruary 8, 2023 - 5:00 am
  • Ultra Lithium Responds to Government of Canada Critical Minerals AnnouncementNovember 4, 2022 - 4:30 am

ABOUT

Overview
Management
Directors
Corporate Responsibility
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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

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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

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