OTCQB-ULTXF Archives - Ultra Lithium Inc. ULI

Ultra Lithium Announces Name Change to Ultra Resources

November 27, 2019/in News Releases /by Ullrich Schade

Vancouver, BC – Ultra Lithium Inc. (TSX-V:ULI, OTCQB: ULTXF and Frankfurt: QFB) announces that the Company will change its name to “Ultra Resources Inc.” The Company, pursuant to the Board Resolution, has filed the Articles of Amendment for the name change effective December 2, 2019. Concurrent with the proposed name change, the Company will adopt “ULT” as the new trading symbol for its common shares. The proposed name change is subject to the approval of the TSX Venture Exchange.

No action will be required by existing shareholders with respect to the name change. Issued share certificates representing common shares of the Company will not be affected by the change of name and will not need to be exchanged. The Company encourages any shareholder concerns in this regard to be directed to such person’s broker or agent.

The Company’s new website will be www.ultraresourcesinc.com

About Ultra Lithium Inc.
Ultra Lithium is an exploration and development company with a focus on the acquisition and development of lithium and gold assets. The Company currently holds five brine lithium properties in Argentina, and one hard rock spodumene type lithium property at the Georgia Lake area in northwestern Ontario, Canada. Ultra Lithium recently diversified its portfolio by adding a total of 3 gold exploration and 13 gold mining licenses in Argentina, which it has commenced developing.

On behalf of the Board of Directors
Kiki Smith, CFO

For further information, please contact:
Kiki Smith, CFO
T: +1-778-968-1176
F: +1-604-909-4682
E: kiki@ultralithium.com
W: www.ultralithium.com
Or view the Company’s filings at www.sedar.com

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.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

EU EV Sales to Pass 1M in 2020

September 20, 2019/in In the News /by Gray Leigh

Clean energy more than a fad; EU EV sales to skyrocket in 2020

From January to December 2020, EU EV sales will breach 1 million. Granted, this includes both hybrid and electric models. Nevertheless, the milestone is significant. After all, this projection anticipates sales to grow by more than four times in one year.

READ: German Power Grid Up for EV Challenge

Evidently, the continent’s governments have done a great job incentivizing clean transportation. If they wish to do business in Europe, automakers must quickly rollout EV fleets.

Ultimately, automakers musn’t surpass 95g of CO2 per km in any new vehicle.

Fine-ding sustainable solutions

The fines imposed by the EU on carmakers who don’t satisfy these requirements are significant.

After all, €95 per gram – times the total number of cars sold in the EU – can’t be ignored. It seems there is no greater incentive than a monetary one.

For now, VW and Honda are expected to lead the European charge to market among electric automakers.

Competition in Europe

However, Tesla isn’t going away anytime soon. Moreover, brands like Dyson have also decided to enter the market.

Nevertheless, the increase among European EV manufacturers pales in comparison to China. Indeed, a bubble plagues the over 500 Chinese electric vehicle startups.

Regardless, it’s encouraging to see China and Europe take major steps toward phasing out combustible engines.

Their secret: progressive policy. American voters should take notice ahead of the 2020 election.

Harbour Air Electric Plane Coming Soon

EV Adoption Influenced by Social Groups

2019 Electric Cars To Get Excited About

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 holdings in Argentina, Canada and the US (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

Central Banks Help Determine Gold’s Value

September 19, 2019/in In the News /by Gray Leigh

Value of commodities – including gold – largely determined by central banks

Recently, the value of gold hit a 6-year high. Evidently, 2 major factories made this a reality. Firstly, the China-US trade war. Secondly, the impending recession. However, few investors factor in the effect central banks have on the commodity’s continued surge.

READ: Gold Considered Haven Asset by Investors

Indeed, the world’s central banks shape global economic policy. Their actions have monumental importance and have far-reaching implications.

Their ability to navigate the next recession will determine their respective country’s financial well-being once the bears finish feeding.

Future moves determine today’s prices

Consequently, the moves made by central banks greatly affect the value of precious metals, including gold.

The future moves made by these institutions dictate the current value of all assets and commodities.

As a result, the policies they implement to combat the global recession greatly affect day traders.

Boom or bust

While gold currently sits near $1500 per ounce, monetary restructuring to cushion economies from the coming downturn could change that. Additionally, the policies they implement will either discourage or encourage investments in areas like talent and innovation. Indeed, the former is infinitely more likely.

After all, the threat of a recession often encourages governments and companies to make decisions that accelerate the path to recession.

Meanwhile, gold’s value often runs against economic growth in times of uncertainty. The safe-haven asset is likely to attract more investor attention as the market dips.

Consequently, the moves made by central banks could favour gold – and those who hold it.

Household Battery Market Hurt by EV Adoption

September 18, 2019/in In the News /by Gray Leigh

High electric vehicle sales cause household battery market to suffer

Electric cars rely on lithium-ion batteries to power their zero-emission engines. Consequently, these batteries charge at increasingly impressive rates. Otherwise, the electric revolution would be a losing battle. As a result, the competing household battery market slowly declines.

READ: Peak-Hour Charging a Norwegian Problem

Moreover, high-ranking officials in the EV charging industry predict the market won’t exist in the near future.

This has already started to happen in the home electronics market. Non-rechargeable batteries have less than a 3% market share. Consider that all electronics in your home are powered by rechargeable batteries – most of them lithium-ion.

End of residential storage

Meanwhile, cars aren’t driven 95% of the time. As a result, they have the potential to contribute to large grid storage projects.

Evidently, your EV’s battery could help power your community. Through bi-directional charging, residential stationary energy storage will soon be phased out.

Consequently, an infinitely more sustainable energy source will soon power your home – your eco-friendly car.

EVs an energy asset

Ultimately, lead-acid and other non-rechargeable batteries will soon become extinct. Moreover, bi-directional charging will soon replace the often wasteful ways in which we power our communities.

Lithium-ion batteries are an essential weapon in the battle against climate change.

Additionally, both automakers and governments now have several financial incentives to abandon combustible engines in favour of those powered by Li-Ion batteries.

Soon, your ride to work will power your home.

Phone Battery Charging – Done Right

EV Adoption Influenced by Social Groups

Lithium-Ion Battery Breakthrough at Penn State

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).

Rising Recession Possibility could Favour Gold

September 17, 2019/in In the News /by Gray Leigh

Investors turn to gold amidst rising recession possibility

The global economy braces for a downturn. Indeed, only a fool would claim to know how steep the fall will be. Nevertheless, the price of gold hit a 6-year high amidst a rising recession possibility.

READ: Gold Price Hits 6-Year High

Evidently, investors are scrambling to cushion their portfolios from the impending blow.

Most investments in virtually all economic sectors and industries are now considered risky by analysts. As a result, gold’s status as a haven-asset is that much more significant.

Bracing for the fall

Signs of an impending recession continue to emerge. Firstly, the bond market continues to weaken. With an inverted yield curve, the historical precedent for a downturn is set,

Over the past half-century, the yield curve has inverted prior to a recession every time.

Secondly, employment growth is also starting to slow. Monthly growth over the past year is the lowest since 2012.

Recession-proof actions ensure recession

Additionally, real GDP growth has begun to slow down. As a result, a fall in total income raises a red flag.

However, individual government and corporate behaviour present the most surefire sign of recession.

Once investments in talent and innovation begin to decrease, the path to recession becomes a fast-track.

While this hasn’t manifested, it’s only a matter of time for pre-emptive austerity measures to kick in. Once they do, expect to see a lot of downward sloping charts – with a probability of gold heading in the opposite direction.

Used Electric Cars Becoming Popular

September 16, 2019/in In the News /by Gray Leigh

Out with the old, in the with the new as auto buyers turn to used electric cars

More than anything, clean transportation is about reducing waste. Indeed, recycling and sustainability are like two peas in a pod. Evidently, the message is slowly hitting the public, as sales of used electric cars steadily increase.

READ: Fake EV News Campaign Plagues Australia

Specifically, sales in Australia have begun to skyrocket. Since September 2018, demand for hybrid and electric cars has jumped significantly.

As a result, demand among EV owners looking to sell used models has also jumped.

Secondhand sustainability

According to a poll of over 50,000 Australians, year-over-year interest in purchasing used electric cars has risen from 53k to 92k.

Meanwhile, interest in buying a new EV has slightly dropped.

Consequently, the substantial cost of driving a new plug-in vehicle off the lot influences these findings.

Long way to go in ‘land down under’

Moreover, there are many inconveniences associated with driving electric.

For starters, charging station access and battery range issues must be solved. Granted, automakers and governments are spending billions to improve the technology underlying sustainable driving.

Nevertheless, less than 200 electric models are available for purchase in Australia. The country lags behind Europe, China, and the US in adoption metrics.

However, these findings prove the winds of change could be hitting Aussie drivers. While electric car penetration in rural areas has been historically poor, efforts made by both automakers and governments to make them more practical could soon push public sentiment in a more sustainable direction.

Chinese Property Developer Enters EV Space

EV Adoption Influenced by Social Groups

Lithium-Ion Battery Breakthrough at Penn State

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 holdings in Argentina, Canada and the US (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

Canada Invests $2M in Clean Mining

September 13, 2019/in In the News /by Gray Leigh

National focus on sustainable mining practices as Canada invests $2M in initiative

Clean energy technology impacts more than just transportation. Indeed, electric vehicles have an invaluable role to play in sustainability projects. However, a recent government initiative sheds light on eco-friendly mining practices, as Canada invests $2M in energy-efficient mining tech.

READ: Lithium Brine Mining and Sustainability

This investment makes sense. After all, most of the resources powering clean energy technologies are sourced in mines.

Furthermore, lithium is the chemical element lithium-ion batteries rely on to store power. For the commodity to make a truly sustainable impact, the tools we use to collect it must be carbon-neutral – or better.

Crushing fossil fuels

Consequently, the $2m investment should drastically reduce energy consumption at mine sites.

Specifically, it targets the waste produced by conventional crushers and grinders.

Ultimately, the investment goes toward developing an energy-efficient alternative to these gas-guzzling behemoths.

International effects

Overall, the project aims to reduce any site’s energy consumption by 40%.

Additionally, this new development should reduce crushing and grinding costs on all mining sites by up to 30%.

As automakers and governments target new energy sources, this development is significant. Evidently, a successful patent will be used by countries with similar mining operations.

Expect more clean mining initiatives to emerge as global clean energy demands intensify. Moreover, the steps countries take today will future-proof them for the energy overhaul to come.

Consider this a move in the right direction for the Great White North.

Alberta EV Numbers Steadily Grow

September 12, 2019/in In the News /by Gray Leigh

Slow but steady growth in the Prairies as Alberta EV adoption rises

The Canadian province of British Columbia has over 12,000 registered electric vehicles (EVs.) Meanwhile, its neighbour to the east has a fraction of that amount, at 1,300. However, this won’t always be the case, as Alberta EV numbers are up 75% over the past 5 years.

READ: Car Design Trends Change with EV Adoption

Evidently, clean energy advocates have reason to be cautiously optimistic about the future of private transportation in Alberta. Granted, less than 1% of Albertan vehicles are emission-free.

Nevertheless, this is slowly changing. Propane vehicle sales slowly decline in Stampeder country.

Government and green vehicles

A major reason for such slow EV adoption is a lack of government incentives. Indeed, much of Alberta’s economy revolves around oil and gas.

Consequently, the Canadian energy hub isn’t in a hurry to electrify.

While federal incentives aid potential Alberta EV owners, provincial incentives don’t exist.

Transportation and climate change

A conservative wave attempts to combat a national energy sector overhaul. Regrettably, Ontario Mayor Doug Ford axed a provincial EV incentive scheme last summer.

Nevertheless, global EV adoption is on the rise. Moreover, templates for success have emerged in countries like Norway and Holland – clean energy havens.

After last year’s ominous IPCC Climate Report, Canada must rise to become a global clean energy leader.

While buy-in from the metropolitan hubs of Vancouver, Toronto and Montreal are a given, making plug-in cars accessible – and practical – for those in the rural Prairies region is another challenge entirely.

Phone Battery Charging – Done Right

EV Adoption Influenced by Social Groups

Lithium-Ion Battery Breakthrough at Penn State

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).

Recession Talk Drives Up Gold Price

September 11, 2019/in In the News /by Gray Leigh

Gold price goes up as recession talk heats up

It appears the price of gold has benefited from the current political climate. Evidently, the trade war between the United States and China has cast uncertainty on key sectors, including technology and finance. However, the price of gold continues to skyrocket as recession talk amps up.

READ: Gold Price Hits 6-Year High

For centuries, gold has been used as a safeguard against economic uncertainty. Indeed, the precious metal is hearty, having survived the rise of Bitcoin and the continued predominance of blockchain technology.

Nevertheless, it’s current price is unprecedented. Not since 2013 has gold been valued so highly on the open market.

Safe-haven bullion

Granted, many anticipate a market correction to reduce gold’s value. However, GraniteShare Portfolio Manager Jeff Klearman doesn’t anticipate a big dip.

“Nothing in the immediate future is working against gold; there may be bouts where gold retraces, but the trend is upwards.”

In this era of uncertainty, investors have few sure bets to cling to. As a result, gold’s status as a haven asset will continue to intensify.

Recession-proof?

In fact, gold’s value could run opposite global economic growth. It’s likely factors like political unrest in Hong Kong and the China-US dispute will do nothing more than drive up gold’s value.

Moreover, the threat of a recession is enough to create a recession. In order to brace themselves for the impact of an economic slowdown, businesses stop investing in talent and innovation. Consequently, the events that lead to economic growth are stopped before they can begin.

As a result, those who’ve already invested largely in gold could embrace a global economic downturn.

Granted, only time will tell if this is actually the case.

German Power Grid Up for EV Challenge

September 10, 2019/in In the News /by Gray Leigh

Mass electric vehicle adoption to test limits of German power grid

In the coming years, Germany will slowly phaseout fossil fuels. Indeed, the EU powerhouse is poised to become a global clean energy leader. However, the growing German power grid will be pushed to the limit by the national energy overhaul – particularly in the world of transportation.

READ: Solar Homes Embraced by Germany

Granted, German EV adoption faces an uphill battle. Much of the country’s economy flows through the auto industry.

Nevertheless, major national automakers including Volkswagen spearhead sustainable change.

Engineers brace for increased demand

Evidently, the Dieselgate villain has done a good job of changing global perceptions around electric vehicles. It’s Normal Now campaign is a testament to that.

While brands like VW prepare to roll out a massive fleet of plug-in cars, Germany’s electricity planning teams must power the new arrivals. This is a massive task that will take years to successfully implement.

As a result, they’re stress-testing the existing German power grid.

Zero-emission Europe

These tests are necessary for a number of reasons. Mostly, to ensure the grid can handle the likelihood of entire communities charging their EVs at the same time.

The German power grid isn’t the first to navigate this issue. Already, Norway is taking steps to discourage peak-hour charging.

Germany and the rest of Europe will learn from Norway’s experiences as the continent readies for the electric revolution. At least, the most progressive economies will.

Posts

Clean energy more than a fad; EU EV sales to skyrocket in 2020

READ: German Power Grid Up for EV Challenge

Fine-ding sustainable solutions

Competition in Europe

Related Articles

Value of commodities – including gold – largely determined by central banks

READ: Gold Considered Haven Asset by Investors

Future moves determine today’s prices

Boom or bust

Related Articles

High electric vehicle sales cause household battery market to suffer

READ: Peak-Hour Charging a Norwegian Problem

End of residential storage

EVs an energy asset

Related Articles

Investors turn to gold amidst rising recession possibility

READ: Gold Price Hits 6-Year High

Bracing for the fall

Recession-proof actions ensure recession

Related Articles

Out with the old, in the with the new as auto buyers turn to used electric cars

READ: Fake EV News Campaign Plagues Australia

Secondhand sustainability

Long way to go in ‘land down under’

Related Articles

National focus on sustainable mining practices as Canada invests $2M in initiative

Crushing fossil fuels

International effects

Related Articles

Slow but steady growth in the Prairies as Alberta EV adoption rises

READ: Car Design Trends Change with EV Adoption

Government and green vehicles

Transportation and climate change

Related Articles

Gold price goes up as recession talk heats up

READ: Gold Price Hits 6-Year High

Safe-haven bullion

Recession-proof?

Related Articles

Mass electric vehicle adoption to test limits of German power grid

READ: Solar Homes Embraced by Germany

Engineers brace for increased demand

Zero-emission Europe

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