Ultra Lithium Acquires Three More Lithium Brine Properties in Catamarca, Argentina
Published: August 11, 2017 |
Ultra Lithium Inc. has entered into a definitive agreement to acquire 100 percent interest in three Lithium Brine properties covering 22,176 hectares, located in the Antofagasta region, Province of Catamarca in Argentina.
The three properties are comprised of 11 mining licenses and are in addition to the La Borita claim block acquisition. These properties are located within the “Lithium Triangle,” a region which holds over 50 percent of the world’s lithium resource.
“The acquisition of La Borita Property opened up doors for the company to acquire a sufficiently large area to carry out lithium exploration in a very promising and strategic region within the world known Lithium Triangle. We are very thankful to Mr. Alvarez for having confidence in Ultra Lithium to give this opportunity for acquiring his other lithium licenses,” said Dr. Weiguo Lang, CEO of Ultra Lithium.
“These properties are in the vicinity of a producing mine operated by FMC Corporation, and other deposits owned by Galaxy Lithium and Albemarle, a leading lithium producer in the world. We have developed a work program to complete bench scale testing on La Borita to produce lithium brine concentrate, and to carry out systematic sampling on each mining license. The sampling results will enable us to prioritize further exploration work,” added Dr. Lang.
About Ultra Lithium
Ultra Lithium is an exploration and development company with a focus on the acquisition and development of lithium assets. The company is currently holds brine exploration properties in Catamarca, Argentina and Nevada, USA and hard rock spodumene type lithium property in Ontario, Canada.
To stop by Ultra Lithium’s website, CLICK HERE
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