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Ultra Lithium and Power Minerals Agree on Settlement Terms

Thu, 05 Dec 2024 06:30:00 -0500

VANCOUVER, British Columbia, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Ultra Lithium Inc. (TSXV:ULT, OTCQB: ULTXF and Frankfurt: QFB) (“Ultra Lithium” or the “Company”) today announces it has reached a settlement agreement with Power Minerals Limited (“Power Minerals”) with respect to the convertible loan agreement (CLA) between the two companies.

Under the terms of the settlement agreement Ultra Lithium will:

Pay $50,000 AUD on or before December 5, 2024 to Power Minerals (Paid)
Transfer to Power Minerals all of Ultra Lithium’s Canadian Mineral Claims -

Ultra Lithium and Power Minerals Agree on Settlement Terms

Thu, 05 Dec 2024 06:30:00 -0500

Under the terms of the settlement agreement Ultra Lithium will:

Pay $50,000 AUD on or before December 5, 2024 to Power Minerals (Paid)
Transfer to Power Minerals all of Ultra Lithium’s Canadian Mineral Claims -

Ultra Lithium and Power Minerals Agree on Settlement Terms

Thu, 05 Dec 2024 06:30:00 -0500

Under the terms of the settlement agreement Ultra Lithium will:

Pay $50,000 AUD on or before December 5, 2024 to Power Minerals (Paid)
Transfer to Power Minerals all of Ultra Lithium’s Canadian Mineral Claims -

Ultra Lithium and Power Minerals Agree on Settlement Terms

Thu, 05 Dec 2024 06:30:00 -0500

Under the terms of the settlement agreement Ultra Lithium will:

Pay $50,000 AUD on or before December 5, 2024 to Power Minerals (Paid)
Transfer to Power Minerals all of Ultra Lithium’s Canadian Mineral Claims -

Ultra Lithium and Power Minerals Agree on Settlement Terms

Thu, 05 Dec 2024 06:30:00 -0500

Under the terms of the settlement agreement Ultra Lithium will:

Pay $50,000 AUD on or before December 5, 2024 to Power Minerals (Paid)
Transfer to Power Minerals all of Ultra Lithium’s Canadian Mineral Claims -

Ultra Lithium and Power Minerals Agree on Settlement Terms

Thu, 05 Dec 2024 06:30:00 -0500

Under the terms of the settlement agreement Ultra Lithium will:

Pay $50,000 AUD on or before December 5, 2024 to Power Minerals (Paid)
Transfer to Power Minerals all of Ultra Lithium’s Canadian Mineral Claims -

Ultra Lithium and Power Minerals Agree on Settlement Terms

Thu, 05 Dec 2024 06:30:00 -0500

Under the terms of the settlement agreement Ultra Lithium will:

Pay $50,000 AUD on or before December 5, 2024 to Power Minerals (Paid)
Transfer to Power Minerals all of Ultra Lithium’s Canadian Mineral Claims -

Ultra Lithium and Power Minerals Agree on Settlement Terms

Thu, 05 Dec 2024 06:30:00 -0500

Under the terms of the settlement agreement Ultra Lithium will:

Pay $50,000 AUD on or before December 5, 2024 to Power Minerals (Paid)
Transfer to Power Minerals all of Ultra Lithium’s Canadian Mineral Claims -

Ultra Lithium and Power Minerals Agree on Settlement Terms

Thu, 05 Dec 2024 06:30:00 -0500

Under the terms of the settlement agreement Ultra Lithium will:

Pay $50,000 AUD on or before December 5, 2024 to Power Minerals (Paid)
Transfer to Power Minerals all of Ultra Lithium’s Canadian Mineral Claims -

Ultra Lithium and Power Minerals Agree on Settlement Terms

Thu, 05 Dec 2024 06:30:00 -0500

Under the terms of the settlement agreement Ultra Lithium will:

Pay $50,000 AUD on or before December 5, 2024 to Power Minerals (Paid)
Transfer to Power Minerals all of Ultra Lithium’s Canadian Mineral Claims -

Ultra Lithium and Power Minerals Agree on Settlement Terms

Thu, 05 Dec 2024 06:30:00 -0500

Under the terms of the settlement agreement Ultra Lithium will:

Pay $50,000 AUD on or before December 5, 2024 to Power Minerals (Paid)
Transfer to Power Minerals all of Ultra Lithium’s Canadian Mineral Claims -

Ultra Lithium and Power Minerals Agree on Settlement Terms

Thu, 05 Dec 2024 06:30:00 -0500

Under the terms of the settlement agreement Ultra Lithium will:

Pay $50,000 AUD on or before December 5, 2024 to Power Minerals (Paid)
Transfer to Power Minerals all of Ultra Lithium’s Canadian Mineral Claims -

Ultra Lithium Receives Section 244 Notice From Power Minerals Limited

Wed, 20 Nov 2024 20:17:00 -0500

VANCOUVER, British Columbia, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Ultra Lithium Inc. (TSXV:ULT, OTCQB: ULTXF and Frankfurt: QFB) (“Ultra Lithium” or the “Company”) today announces it has received a section 244(1) notice under the Bankruptcy and Insolvency Act (Canada) (“s.244 Notice”) from Power Minerals Limited (“Power Minerals”). Power Minerals intends to make a court application to appoint a receiver over Ultra Lithium’s assets to enforce Power Mineral’s security under a convertible loan agreement (“CLA”) between the two companies. Ultra Lithium may file a Notice of Intention to make a proposal to restructure the

Ultra Lithium Receives Section 244 Notice From Power Minerals Limited

Wed, 20 Nov 2024 20:17:00 -0500

Ultra Lithium Receives Section 244 Notice From Power Minerals Limited

Wed, 20 Nov 2024 20:17:00 -0500

Ultra Lithium Receives Section 244 Notice From Power Minerals Limited

Wed, 20 Nov 2024 20:17:00 -0500

Ultra Lithium Receives Section 244 Notice From Power Minerals Limited

Wed, 20 Nov 2024 20:17:00 -0500

Ultra Lithium Receives Section 244 Notice From Power Minerals Limited

Wed, 20 Nov 2024 20:17:00 -0500

Ultra Lithium Receives Section 244 Notice From Power Minerals Limited

Wed, 20 Nov 2024 20:17:00 -0500

Ultra Lithium Receives Section 244 Notice From Power Minerals Limited

Wed, 20 Nov 2024 20:17:00 -0500

Ultra Lithium Receives Section 244 Notice From Power Minerals Limited

Wed, 20 Nov 2024 20:17:00 -0500

Ultra Lithium Receives Section 244 Notice From Power Minerals Limited

Wed, 20 Nov 2024 20:17:00 -0500

Ultra Lithium Receives Section 244 Notice From Power Minerals Limited

Wed, 20 Nov 2024 20:17:00 -0500

Ultra Lithium Receives Section 244 Notice From Power Minerals Limited

Wed, 20 Nov 2024 20:17:00 -0500

Ultra Lithium Receives Default Notice From Power Minerals Limited

Wed, 17 Jul 2024 10:54:00 -0500

VANCOUVER, British Columbia, July 17, 2024 (GLOBE NEWSWIRE) -- Ultra Lithium Inc. (TSXV:ULT, OTCQB: ULTXF and Frankfurt: QFB) (“Ultra Lithium” or the “Company”) today announced it has received a default notice (“Default Notice”) from Power Minerals Limited (“Power Minerals”) for the full repayment of amounts outstanding under a convertible loan agreement (“CLA”) between the two companies.

The Company and Power Minerals entered into the CLA on May 12, 2023. Under the CLA, Power Minerals advanced an interest-bearing loan of AUD $1.13 million to the Company. On October 25, 2023 the Company