Ultra Lithium Inc. – Strategic Metals for A Better Future
Overview
Ultra Lithium Inc. (CVE:ULI), is a lithium and rare earth metals junior mining company. The Company has three main projects located in Serbia, Nevada, and Ontario. In Serbia Ultra Lithium is actively exploring for Lithium and Boron in the form of a newly discovered mineral called Jadarite. Ultra has 100% interest in 544 sq. km in the same region as Rio Tinto’s Jadar deposit, with the closest concession being only 20 km to the east.
The Ontario, Zigzag Lake project is a joint venture with Canadian Orebodies Inc. (CVE:CO) who has drilled widespread tantalum mineralization. The other project South Big Smokey Valley in Nevada, is only 16 miles north of Chemetall’s Silver Peak Mine in Clayton Valley and is also 100% owned by Ultra.
Chief Properties
Balkans (Serbia) Projects
Ultra Lithium is seeking to identify potential targets in Serbia that could host a new Lithium resource in the form of Jadarite. (A combination of Lithium and Boron.)
Ultra has been granted six exploration licenses in the Republic of Serbia – through its wholly-owned local subsidiary, Ultra Balkans doo – for the Koceljeva, Trnava, Valjevo East, Preljina, Ladevci and Kragujevac mineral prospects by the Ministry of Environment, Mining and Spatial Planning. The successful exploration license applications are located within well-defined basins and cover an area of approximately 544 square km in total.
The Company is now initiating its multidisciplinary exploration program that includes field reconnaissance, mapping, geochemical sampling and geophysical surveys for the duration of the last two quarters of this year.
South Big Smokey Valley
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Ultra Lithium Inc’s South Big Smokey Valley is located in Esmeralda County, Nevada 16 miles north of the Silver Peak Mine in Clayton Valley and is 7,280 acres in size.
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The project shares a similar geology and weathering history to Clayton Valley. The north end of Clayton Valley hosts Chemetall Foote Corporation’s Silver Peak Mine, the only lithium brine producer in North America.
Zigzag Lake – Ontario, Canada
The Zigzag Lake property is located in northwestern Ontario, 60 km northeast of the town of Armstrong. The Project consists of 129 mineral claims totaling 2064 ha. The property is adjacent to Linear Metals’ (CVE:LRM) Seymour Lake Lithium project where lithium mineralization of grades up to 2.4% have been found. Ultra lithium is focused on the exploration of five prominent lithium and rare earth element showings on the Zigzag Lake property. Zigzag Lake is host to highly anomalous tantalum and cesium values, suggesting the occurrence of zoned, complex-type pegmatites enriched in not only tantalum and cesium, but potentially also lithium and rubidium, as is the case in the Tanco Mine in Manitoba. All of these previously stated metals are used in electronic devices and we will likely see demand for them continue to rise.
Canadian Orebodies Inc., which has an 80% interest in Zigzag Lake through an option agreement, released assay results in December 2010 from grab samples taken on the property. Highlights from this include values (from different holes) of 4.09 % lithium, 501 ppm tantalum, 2,280 ppm rubidium, and 408 ppm beryllium. In 23 of the 39 holes drilled, tantalum was found in quantities of more than 100 ppm. As reported March 18, 2011, Canadian Orebodies has drilled widespread tantalum mineralization on the Zigzag property.
Management
Mr. Marc Morin – CEO
Mr. Morin is a successful businessman and entrepreneur based in Vancouver, who has assisted various public and private companies raise capital through various institutions in Europe and North America. With approximately 8 years of experience in the public and private markets he has garnered an extensive network of investment banking contacts and experience that is instrumental in the management and development of junior companies. Mr. Morin also helped various companies go public via the RTO and IPO process. His primary focus has been on the resource and technology sectors. Mr. Morin is the President and CEO of Sparrow Ventures Corp. and a director of Lornex Capital Corp.
Roopinder Mundi, LLB – Director
Mr. Mundi serves as Vice President, Business Development for Kingsdale Shareholder Services Inc., a Canadian shareholder services firm. Prior to joining Kingsdale, Mr. Mundi was a corporate finance lawyer at both Cassels Brock & Blackwell LLP and Goodman and Carr LLP. Mr. Mundi’s practice had an emphasis on public and private offerings, mergers and acquisitions and regulatory matters, primarily in the technology and mining sectors. Mr. Mundi acted as counsel on behalf of both issuers and investment dealers. Mr. Mundi holds a law degree from the University of British Columbia, a Master’s degree from the University of Toronto and a Bachelor’s degree from North Carolina State University. Mr. Mundi is currently a director of two other companies listed on the TSX Venture Exchange. Mr. Mundi is also a member of the Canadian Bar Association and Ontario Bar Association
Phu Van Bui – Director
Mr. Bui is a professional geoscientist registered with APEGBC and holds a BSc from the University of British Columbia. Since 2004, he has been engaged in a variety of mineral projects in Canada and Australia. His experience includes early grassroots campaigns to brownfields exploration programs, contributing to the resource delineation and test mining programs at the polymetallic Wolverine mine, Yukon, as well as the Watershed scheelite-skarn deposit, Queensland. He also participated in deep coring programs for BHP Billiton at the Mount Keith mine, Western Australia. Mr. Bui joined Hunter Dickinson Inc. in July, 2010, focusing on base and precious-metal exploration projects in Canada and abroad.
Nilda Rivera – CFO
Ms. Rivera has over 15 years of experience in accounting, financial reporting and corporate governance mainly with public companies in the mining and high-tech sectors. Ms. Rivera is currently a director and/or officer of various public companies including Lornex Capital Inc., Ultra Lithium Inc., Prescient Mining Corp., Sparrow Ventures Corp. and Sub Capital Inc.
Max Pinsky, LL.B – Corporate Secretary
Mr. Pinsky is corporate and securities lawyer with over 20 years of practice experience with considerable experience in assisting companies in all stages of planning and corporate development. Mr. Pinsky has been a principal in several successful transactions in various businesses including environmental engineering, oil and gas, and real estate.
Ishuing Wu, Ph.D – Advisor
Dr. Wu has more than thirty years experience in mineral exploration management and has extensive field experience particularly with Chevron Resources, where he served as U.S. exploration manager.
Dr. Wu holds an M.A. and Ph.D. in economic geology from Harvard University , where he was a Teaching Fellow in Geology from 1971 to 1973. He has also worked extensively with Exxon Minerals, Kennecott Exploration, Great Wall Gold Corp. and General Minerals Corp.
He has been responsible for developing and managing exploration and Joint Venture opportunities in North America, South America, and throughout Asia . He currently serves as Director of High Plains Uranium, and Chairman of Trend Mining Company.
Mr. Keith Evans, M.A. – Advisor
Mr. Evans is a geologist with over thirty-five years experience in the lithium industry. Mr. Evans holds an honours graduate degree in geology from the University of Wales.
Mr. Evans became involved in the lithium business when on behalf of Selection Trust Ltd. he was asked to evaluate future options for the further development of Bikita Minerals in, now, Zimbabwe. The company, for decades, had been the leading producer of lithium ores for direct use in the glass and ceramics industry.
Subsequently, he joined Lithium Corporation of America, the then-leading lithium chemical producer, and later joined Amax Exploration (“Amax”). On behalf of Amax, he negotiated the rights to evaluate and develop a major part of the Salar de Atacama. The project subsequently was acquired by Sociedad Quimica y Minera (SQM), now the world’s largest lithium chemicals producer.
The International Lithium Alliance regards Mr. Evans as their “resident expert” and he is a member of their International Advisory Board. Industrial Minerals magazine regards him as one of the leading figures in the industry.
