ULTRA LITHIUM INC. — TSX.V-ULT
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Blog - Latest News
Manitoba lithium

Manitoba Lithium to Boost Mining Sector

January 15, 2019/in In the News/by Gray Leigh

Manitoba Lithium a Boon to Province

Manitoba’s mining industry is in rough shape. Consequently, employees are frustrated by a lack of governmental action to address this problem. However, it appears Manitoba lithium will give the industry new life.

READ: Nevada Clean Energy Plan Approved

Manitoba lithiumThere are many reasons the province’s mining industry struggles. First, many mines near the end of their lifecycle. Second, commodity prices continue to fall. Lastly, high tax rates and a lack of government support curb industry growth. Luckily, analysts say several hubs could supply hundreds with jobs.

Providing Jobs to Canadians

Among the candidates for lithium exploration is Snow Lake. “If we get three or four mines going up there again, we could probably get 500 directly employed people,” said geologist Dale Schultz. Furthermore, there is evidence the business model is sustainable. The BC government passed legislation ensuring all 2040 vehicle sales will be electric.

Moreover, lithium is an increasingly hot commodity. The world’s lightest metal powers most consumer electronics, grid storage technology and electric vehicles. In other words: demand isn’t expected to fall.

Manitoba lithium

Reshaping Global Energy

Manitoba lithium projects help spurn sustainability in Canadian industry. Similarly, other countries have taken eco-friendly steps. China leads the world’s push for clean transportation. Currently, it owns over half the world’s lithium supply. Meanwhile, the Trump administration quietly backs lithium projects.

Overall, lithium exploration in Manitoba is a boon for clean energy advocates. Eventually, electric vehicles will drop in price and command a majority of market share. Manitobans have reason to be excited.

Related Articles

• Electricity Consumption & Lithium Use Increasing

• Lithium Americas Executive Embraces Argentina

• Global Lithium Market for Batteries to Double

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

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  • 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

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LITHIUM

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

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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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