Ultra Lithium Commences Exploration Work at the Forgan Lake Lithium Property Northwestern Ontario, Canada

Ultra Lithium Commences Exploration Work at the Forgan Lake Lithium Property Northwestern Ontario, Canada

Ultra Lithium Inc. ( TSX-V:ULT, OTCQB: ULTXF and Frankfurt: QFB ) ("Ultra Lithium" or "the Company") together with North Canada Lithium Corp. (NCLC) is pleased to announce the commencement of exploration work at the Forgan Lake Lithium Property in northwestern Ontario, Canada. The work includes trenching, channel and bulk sampling, metallurgical testwork and diamond drilling. The trenching and sampling work has already been started, and a 3,000 meter core drilling contract has been signed with Diafore Drilling Inc. from Quebec who is preparing for mobilizing to the property. The drilling will be a combination of NQ and HQ size core drilling and the contract can be extended through mutual agreement.

The Company along with NCLC has signed an Exploration Agreement for the Forgan Lake Project with Biinjitiwaabik Zaaging Anishinaab (BZA) for continuing exploration and future development of the project with the support of the BZA community. The Company was delighted to participate in the BZA Powwow, an annual traditional Biinjitiwaabik Zaaging Anishinaabek community festival where multiple generations together enjoy food, honour traditions, forge a sense of community, and practice spiritual healing.

Forgan Lake Project

The Forgan Lake property consists of approximately 256 hectares land in 20 mining claims located in the Thunder Bay Mining District in Northwestern Ontario, Canada. It is located adjacent to the north of Ultra Lithium's Lucky Lake claim block comprised of 15 mining claims. The Property has excellent infrastructure support, and the First Nations communities are very supportive of economic progress in the region through development of mining resources. Historical work on the Forgan Lake Property was first carried out by Lun-Echo Gold Mines Limited during the 1955-61 period. The exploration work included 39 drill holes, aggregating 10,561 feet drilling on the eastern side of Forgan Lake. Lithium mineralization on the Property comprised of six spodumene-bearing lithium pegmatites which are mostly parallel to the metasediments.

Highlights

  • Lithium mineralization is comprised of six spodumene-bearing pegmatites
  • Three 2019 grab samples showed lithium values of 6.93% lithium oxide (Li2O), 6.90% Li2O and 4.88% Li2O
  • Historical exploration in the 1950s' included 39 drill holes, aggregating 10,561 feet
  • Three historical channel cut samples returned average 2.57% Li2O over a width of 21 feet (6.4 m)
  • Two historical channel cut samples averaged 4.23% Li2O over 24.5 feet (7.46m)

Georgia Lake

The Company has completed drilling of 9 holes for 1402 meters of NQ size core. Core is being logged and sampled for delivery to ACT labs in Thunder Bay, Ontario for assay.

Qualified Person

The technical information contained in this news release has been reviewed and approved by Afzaal Pirzada, P.Geo., a qualified person, as defined by NI 43-101 who works as VP Exploration of the Company.

About Ultra Lithium Inc.

Ultra Lithium Inc. is an exploration and development company with a focus on the acquisition and development of lithium, gold, and copper assets. The Company holds a brine lithium property in Argentina, hard rock spodumene type lithium properties at the Georgia Lake / Forgan Lake area in northwestern Ontario, Canada, and a brine lithium property in the Big Smoky Valley, Nevada, USA. The Company also holds other gold and base metals properties in Argentina.

ON BEHALF OF THE BOARD OF DIRECTORS

"Kiki Smith"

Kiki Smith, CFO

For further information, please contact the Company at:
Attention: Kiki Smith
Telephone: 778 968-1176
Facsimile: 604 909-4682
Email: kiki@ultralithium.com
Website: www.ultralithium.com
or view the Company's filings at www.SEDAR.com .

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/eb3b40b2-cbe6-4a62-81fa-57d8a401afc8


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Graham Adria was appointed to the board of directors on November 15, 2023. Graham Adria has extensive experience as a corporate lawyer and currently works for an international law firm in Beijing. He is experienced in cross-border transactions in the resources sector, particularly on small and mid-cap mining transactions into Africa and Asia. Graham received his Bachelor of Arts (Honors) in Political Science from the University of Alberta and his Juris Doctor from Osgoode Hall. Graham is called to the bar in Ontario.

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Ultra Lithium is an exploration and development company with a focus on the acquisition and development of lithium, gold and copper assets. The company holds a brine lithium property in Argentina, hard rock spodumene type lithium properties at the Georgia Lake/Forgan Lake area in Northwestern Ontario, Canada, and a brine lithium property in the Big Smoky Valley, Nev., United States. The company also holds other gold and base metals properties in Argentina.

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On behalf of the Board of Directors
Kiki Smith, CFO

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Group Managing Director Iggy Tan said "We are delighted by the level of interest in our CERENERGY(R) battery technology at Hannover Messe. The feedback we've received from potential partners and industry players has been extremely encouraging. As countries and industries accelerate their transition towards renewable energy, we see CERENERGY(R) as a game-changer in providing cost-effective, safe, and sustainable battery solutions."

*To view photographs, please visit:
https://abnnewswire.net/lnk/8J6TA5ZV



About Altech Batteries Ltd:  

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

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Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that it will release its first quarter 2025 earnings after the NYSE closes on Wednesday, April 30, 2025 .

Albemarle Corp. Logo. (PRNewsFoto/Albemarle Corporation)

The company will hold a conference call to discuss its first quarter 2025 results on Thursday, May 1 , at 8 a.m. ET . Access to the call is available via webcast or direct dial. A link to the webcast can be found through Albemarle Corporation's website at http://investors.albemarle.com . Direct dial numbers are provided below:

Participant Dial-in Numbers:  
U.S. & Canada Toll-Free: 1 (800) 590-8290
International: 1-240-690-8800
Conference ID: ALBQ1

Webcast Details:  
Event Title: Albemarle Q1 2025 Earnings Call
Event Date: May 1, 2025
Start Time: 8 a.m. ET

Attendee URL:
https://albemarle-q1-2025-earnings-call.open-exchange.net/

Replay Information:
A webcast replay will be available following the conclusion of the event through the News and Events page on Albemarle's website, http://investors.albemarle.com .

About Albemarle  
Albemarle Corporation (NYSE: ALB) leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allows us to deliver advanced solutions for our customers. Learn more about how the people of Albemarle are enabling a more resilient world at Albemarle.com , LinkedIn and on X (formerly known as Twitter) @AlbemarleCorp .

Albemarle regularly posts information to www.albemarle.com , including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, Securities and Exchange Commission filings and other information regarding the company, its businesses and the markets it serves.

Investor Relations Contact: +1 (980) 299-5700, invest@albemarle.com

Media Contact: Peter Smolowitz , +1 (980) 308-6310, media@albemarle.com

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/albemarle-corporation-to-release-first-quarter-2025-earnings-results-on-wednesday-april-30-2025-302418964.html

SOURCE Albemarle Corporation

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