Ultra Lithium Inc. Responds to Government of Canada Critical Minerals Announcement

VANCOUVER, British Columbia, Nov. 04, 2022 (GLOBE NEWSWIRE) -- Ultra Lithium Inc. (TSX-V: ULT OTCQB: ULTXF) (“Ultra Lithium” or the “Company”) announces that the Company has been advised that Zangge Mining Investment (Chengdu) Co. Ltd. (Zangge) has received an order from Government of Canada to divest its interest in Ultra Lithium. Ultra Lithium and Zangge have also mutually agreed to terminate the definitive agreement with respect to the Laguna Verde property announced on June 20, 2022.

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