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Lithium Mining in Argentina Alive & Well

October 24, 2018/in In the News/by Gray Leigh

Argentinian Lithium Mining Extremely Promising

Oil tycoons are a thing of the past. The modern equivalent is clean energy tycoons – those who own the resources used in clean energy technologies. Consequently, lithium mining is the modern era’s oil boom. Much like Texas during the oil boom, South America’s Lithium Triangle attracts both prospectors and investors.

Including Bolivia, Chile and Argentina, this region boasts 54% of the world’s existing lithium mines. Meanwhile, Ultra Lithium owns several properties in Argentina. Most notably, the Laguna Verde brine project.lithium mining

Laguna Verde Project A Company Game Changer

On October 23rd, 2018, Ultra Lithium Inc. applied for a drilling permit at its Laguna Verde site. In the mining world, this is good news. Put simply, it means that geologists like what they see. When Ultra Lithium started geophysical surveys in June 2018, it hoped the 23 square kilometre brine basin held a great deal of lithium.

Results were best summarized by company CEO Weiguo Lang: “The geophysical survey results exceed our expectations.”

By drilling into the brine basin, Ultra Lithium hopes to confirm the existence of massive lithium salars. Also known as evaporation ponds, it takes several months for lithium to rise to the surface. Ultimately, the process is subject to nature.

The Global Lithium Hunt Rages On

The Laguna Verde drilling application is significant for a number of reasons. First, it confirms management’s believe that Ultra Lithium’s properties have great potential. While Australia, Nevada, Chile and parts of Africa lead this space, Argentina climbs the ranks.

lithium miningSecond, lithium is an increasingly valuable commodity. Although stock prices fell in 2016, the electric vehicle industry relies heavily on the mineral. Its rise is partly dictated by lithium’s abundance – or lack thereof. Third, much of the world’s infrastructure relies on lithium. Most Smartphones and computers rely on lithium-ion batteries. The mineral is also used in grid energy storage, ceramics and in pharmaceuticals.

Last, national governments are fighting for lithium mining projects. Currently, China dominates the playing field.

Ultra Lithium Inc. A team of lithium experts with a finger on the pulse of clean energy news, Ultra Lithium is a lithium exploration company with holdings in Argentina, Canada and the US (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

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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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Ultra Lithium Applies for Drill Permit for High Quality Brine Lithium Exploration...lithium drillingLithium Drilling at Laguna Verde Argentina
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