Ultra Lithium Signs Strategic Cooperation Agreement with Zangge Mining of China
VANCOUVER, British Columbia., Feb. 09, 2022 (GLOBE NEWSWIRE) -- Ultra Lithium Inc. (TSX-V: ULT) (Ultra Lithium or the Company) is pleased to announce that the Company has signed an exclusive strategic cooperation agreement with Zangge Mining Co. Ltd., for exploration and development of its 100% owned Laguna Verde Brine Lithium Project in Catamarca Province, Argentina.
- VANCOUVER, British Columbia., Feb. 09, 2022 (GLOBE NEWSWIRE) -- Ultra Lithium Inc. (TSX-V: ULT) (Ultra Lithium or the Company) is pleased to announce that the Company has signed an exclusive strategic cooperation agreement with Zangge Mining Co. Ltd., for exploration and development of its 100% owned Laguna Verde Brine Lithium Project in Catamarca Province, Argentina.
- Ultra Lithium and Zangge will work together to reach a definitive cooperation agreement for the development of the Laguna Verde Brine Lithium Project.
- Zangge entered the lithium industry in 2017, using its proprietary, advanced and proven adsorption technology to extract lithium from brine.
- In 2020, Zangge completed construction of its lithium processing facility in Golmud, Qinghai, China and is producing 10,000 tons of lithium carbonate annually.