Mr. Marc Morin reports
ULTRA LITHIUM ANNOUNCES STAKING OF ADDITIONAL MINERAL CLAIMS
Ultra Lithium Inc. has staked an additional 300 placer claims, through its wholly owned subsidiary, Ultra Lithium (USA) Inc. The company now has a 100-per-cent interest in 664 claims (13,280 acres) strategically located in the South Big Smoky Valley, Esmeralda county, Nevada.
South Big Smoky Valley shares a similar geology and weathering history to Clayton Valley, located 16 miles to the south. The north end of Clayton Valley hosts Chemetall Foote Corp.'s Silver Peak mine, the only lithium brine producer in the United States. Mine production comes from lithium-enriched brines located below the surface. This plant has been in production since 1967.
The company intends to evaluate the potential for lithium-enriched brines within this highly prospective basin.
Marc Morin, president and chief executive officer of Ultra Lithium, stated: "We are pleased with this significant expansion of our lithium brine claims in Nevada. We will now commence permitting for a drill program."
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.