Ultra Lithium Inc. · TSXV:ULT
Ultra Lithium — Investor Presentation (February 2022)
32 slides from Ultra Lithium's investor presentation, February 2022
Slide 1: Developing High Value Lithium Projects in Canada, Argentina & USA
DEVELOPING HIGH VALUE LITHIUM PROJECTS IN CANADA, ARGENTINA & USA Corporate Presentation Q1 – 2022 ULTRA LITHIUM INC. WWW.ULTRALITHIUM.COM TSX.V : ULT • FSE : QFB
Slide 2: Disclaimer
TSX.V:ULT • FSE:QFB Disclaimer OTC:ULTXF This presentation contains forward looking statements including but not limited to comments regarding predictions and projections. Forward looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Although
Slide 3: Why ULT – Right Strategy
TSX.V:ULT • FSE:QFB Why ULT – Right Strategy OTC:ULTXF Strong track record of project acquisition and exploration creating shareholder value Progressing towards test mining, bulk sampling and brine processing Risk reduction and resource expansion WWW.ULTRALITHIUM.COM ULTRA LITHIUM INC. | PAGE 3
Slide 4: Why ULT – Right Team
TSX.V:ULT • FSE:QFB Why ULT – Right Team OTC:ULTXF Dr. Weiguo Lang, Ph.D. (Economics) – President & CEO, Director • Has over 25 years of management and operational experience in mining, technology and agriculture sector with a focus on building strategic alliances, joint ventures and financing. • Ex
Slide 5: Why ULT – Right Projects in Right Jurisdictions
TSX.V:ULT • FSE:QFB Why ULT – Right Projects in Right Jurisdictions OTC:ULTXF • Georgia and Forgan Lake hard rock lithium projects in northern Ontario, Canada. • Three Brine Lithium licences in a new high grade brine lithium discovery in Catamarca, Argentina. • 50 claims recently staked in Big Smoky
Slide 6: Why ULT – Right Timing
TSX.V:ULT • FSE:QFB Why ULT – Right Timing OTC:ULTXF • Growing demand for Lithium- ion batteries creates unique business opportunities. • Supply constraints. International supply chains disrupted due to political instability and depletion of supply from certain producers. • Lithium carbonate prices
Slide 7: Share Structure
TSX.V:ULT • FSE:QFB Share Structure OTC:ULTXF Share Structure – As of February 15, 2022 • Outstanding – 130,994,242 – Options – 6,435,000 – Warrants – 18,498,337 • Fully Diluted – 155,927,579 Exchange Listings • TSX-V: ULT • OTC QB: ULTXF • Frankfurt: QFB WWW.ULTRALITHIUM.COM ULTRA LITHIUM INC. | PA
Slide 8: Key Shareholders
TSX.V:ULT • FSE:QFB Key Shareholders OTC:ULTXF Key shareholders: • Weiguo Lang – CEO 11,359,500 shares 9% • Shauguo Cao – Chairman 29,000,000 shares 22% • Zhang Group 21,858,333 shares 17% • THPJX 13,000,000 shares 10% • Beijing Explorers 8,452,900 shares 6% Key Shareholders 83,670,733 shares 64% Ch
Slide 9: Why ULT – Right Investment Opportunity
TSX.V:ULT • FSE:QFB Why ULT – Right Investment Opportunity OTC:ULTXF Peer Group Analysis (February 2022) Project Market Cap Shares OS Share Price* Company Ticker Type Location ($M) (M) ($) Ultra Lithium Argentina, Brine ULT.V Hard Rock 40.61 130.99 $ 0.31 Inc. Canada & USA Critical CRE.V Quebec Hard
Slide 10: Lithium Projects in Canada, USA & Argentina
TSX.V:ULT • FSE:QFB OTC:ULTXF LITHIUM PROJECTS IN CANADA, USA & ARGENTINA WWW.ULTRALITHIUM.COM ULTRA LITHIUM INC. | PAGE
Slide 11: Georgia Lake Lithium Pegmatites Project
TSX.V:ULT • FSE:QFB Georgia Lake Lithium Pegmatites Project OTC:ULTXF 100% ownership of 88 mining claims in Thunder Bay Mining Division, Northwestern Ontario, Canada. • Stable and favourable mining jurisdiction and supportive First Nations. • Excellent infrastructure: near highway, deep water port,
Slide 12: Georgia Lake – Geology and Mineralization
TSX.V:ULT • FSE:QFB Georgia Lake – Geology and Mineralization OTC:ULTXF • Majority of pegmatites are hosted by Archaean meta-sediments near large masses of granite. • Spodumene is the main lithium mineral with potential for other rare metals including niobium, tantalum, rubidium, beryllium and cesiu
Slide 13: Georgia Lake – Exploration Work
TSX.V:ULT • FSE:QFB Georgia Lake – Exploration Work OTC:ULTXF In June 2016, the Company carried out prospecting and grab sampling on eight lithium pegmatites on the Property: • The results showed that out of total 21 samples, ten samples were over 1% lithium oxide (Li2O) and five samples were 2% or
Slide 14: Georgia Lake – Exploration Work (Continued)
TSX.V:ULT • FSE:QFB Georgia Lake – Exploration Work (Continued) OTC:ULTXF • In October-November 2016, the Company completed a stripping, trenching, and channel sampling program at Camp Pegmatite on the Property. The work indicated over 1% lithium from 1-3 m width with other rare metals values. • In
Slide 15: Georgia Lake – Plan Moving Forward
TSX.V:ULT • FSE:QFB Georgia Lake – Plan Moving Forward OTC:ULTXF • The property has a potential to produce small to medium scale lithium oxide concentrate (20,000 tonnes per year). • Management is considering to apply for a quarrying permit to facilitate small scale trial production. • Recently ULT
Slide 16: New Acquisition – Forgan Lake Pegmatites
TSX.V:ULT • FSE:QFB New Acquisition – Forgan Lake Pegmatites OTC:ULTXF • In September 2018, the Company acquired Forgan Lake Property from International Lithium Corp. (TSX:V-ILC). • Forgan Lake Property comprised of 18 cell claims and two boundary claims with a total area 256 hectares. • Historical
Slide 17: Argentina Brine Lithium Projects
TSX.V:ULT • FSE:QFB Argentina Brine Lithium Projects OTC:ULTXF • Ultra Lithium owns brine lithium licences covering over 7,569 hectares land in Catamarca Province, Argentina. q Laguna Verde I q Laguna Verde II q Laguna Verde III • Located within the famous Lithium Triangle where over 50% of the worl
Slide 18: Laguna Verde – A New High Grade Brine Discovery
TSX.V:ULT • FSE:QFB Laguna Verde – A New High Grade Brine Discovery OTC:ULTXF • Two rounds of brine surface sampling in 2017 indicate a high grade brine discovery with values of lithium in the range of 14 ppm to 1,270 ppm, potassium values 262 ppm to 15,800 ppm, magnesium less than 1 ppm to 7,920 pp
Slide 19: Laguna Verde – 2018 Geophysical Survey
TSX.V:ULT • FSE:QFB Laguna Verde – 2018 Geophysical Survey OTC:ULTXF • In 2018, the Company contracted Beijing Technology and Engineering Co., Ltd. (BETEC) from China to complete Gravity and Time Domain Electromagnetic (TDEM) surveys on brine properties in Argentina. • A total of 39.2-line-kilometer
Slide 20: Laguna Verde – 2018 Evaporation Test Work
TSX.V:ULT • FSE:QFB Laguna Verde – 2018 Evaporation Test Work OTC:ULTXF • The Company has completed a bench scale evaporation test at its laboratory established in Salta, Argentina. • A four cubic metre (4,000 liters) brine samples taken from Salar Laguna Verde was shipped to the Company’s lab in Ju
Slide 21: Summary – Upcoming Catalysts
TSX.V:ULT • FSE:QFB Summary – Upcoming Catalysts OTC:ULTXF Ultra Lithium has a portfolio of projects with a combination of high grade brine & hard rock lithium values. Georgia Lake and Forgan Lake Plans • Drilling approximately 2000 meters by end of summer 2022 • Metallurgical testing • Path toward
Slide 22: Contact Us
TSX.V:ULT • FSE:QFB Contact Us OTC:ULTXF Ultra Lithium Inc. Kiki Smith, CPA, CGA Suite 3501 - 1055 Dunsmuir Street Chief Financial Officer PO BOX 49114 E: kiki@ultralithium.com Vancouver BC V7X 1H7 T: +1-778-968-1176 Canada Website: www.ultralithium.com Afzaal Pirzada, M.Sc.(Geology), P.Geo. Vice Pr
Slide 23: Appendix
TSX.V:ULT • FSE:QFB OTC:ULTXF APPENDIX: WWW.ULTRALITHIUM.COM ULTRA LITHIUM INC. | PAGE
Slide 24: Lithium – Global Lithium Sectors Demand
TSX.V:ULT • FSE:QFB Lithium – Global Lithium Sectors Demand OTC:ULTXF • Batteries accounted for only ~4% of lithium demand in 2000, but 39% in 2015 and is expected to grow to 65% by 2025. (Source: Deutsche Bank) • Lithium demand expected to triple by 2025 as compared to 2013. • Lithium prices have m
Slide 25: Lithium – Global Lithium Sectors Demand
TSX.V:ULT • FSE:QFB Lithium – Global Lithium Sectors Demand OTC:ULTXF New producers are required Demand in to meet demand growth 2021 could require an average of 400,000 tonnes LCE per annum Supply in 2021 could be 18% less than demand average WWW.ULTRALITHIUM.COM ULTRA LITHIUM INC. | PAGE 25
Slide 26: Lithium – Global Lithium Sectors Supply
TSX.V:ULT • FSE:QFB Lithium – Global Lithium Sectors Supply OTC:ULTXF Currently, the Lithium supply is controlled by four major producers who control lithium production and prices. Big producers may not be able to keep up with the new demand. New producers are required to meet future supply deficit.
Slide 27: Lithium – Global Lithium Prices
TSX.V:ULT • FSE:QFB Lithium – Global Lithium Prices OTC:ULTXF Lithium prices have stabilized and are forecasted to remain above USD $10,000/t for LCE and $600/t for Li2O concentrate per until 2025. WWW.ULTRALITHIUM.COM ULTRA LITHIUM INC. | PAGE 27
Slide 28: Argentina – 16 New Gold Projects in Chepes Area
TSX.V:ULT • FSE:QFB Argentina – 16 New Gold Projects in Chepes Area OTC:ULTXF Ultra Lithium’s has implemented a diversification program by acquiring a total of 16 gold licenses totaling over 30,000 acres of highly prospective properties in La Rioja Province, Argentina. WWW.ULTRALITHIUM.COM ULTRA LIT
Slide 29: Argentina – Gold Projects
TSX.V:ULT • FSE:QFB Argentina – Gold Projects OTC:ULTXF Three Exploration Licences • ULTRA I, ULTRA II and ULTRA III covering 27,900 hectares land were acquired by direct staking through Ultra Argentina SRL, a wholly owned subsidiary of Ultra Lithium Inc. • The properties surround a number of histor
Slide 30: Argentina – Gold Projects, Three Exploration Licences
TSX.V:ULT • FSE:QFB Argentina – Gold Projects, Three Exploration Licences OTC:ULTXF Ultra Lithium's Three Exploration Licences • The historical gold mines have been mined for over one hundred years. • In 1993, Japan International Cooperation Agency (JICA) studied this area and provided information o
Slide 31: Argentina – Gold Projects, 13 Mining Licences
TSX.V:ULT • FSE:QFB Argentina – Gold Projects, 13 Mining Licences OTC:ULTXF 13 Mining Licences • 2,000 Hectares in a historical producing gold area with numerous old gold mines located on site. • With approval of La Rioja Ministry of Mines, the titles of ULT’s recently acquired thirteen gold mining
Slide 32: Argentina – Gold Projects, Assay Results
TSX.V:ULT • FSE:QFB Argentina – Gold Projects, Assay Results OTC:ULTXF Recent Assays Up to 54.77 G/T (1.93 OZ) Gold • Assay results of grab samples from ULT’s newly acquired Chepes Gold Mining Licenses • Samples taken for property acquisition due diligence purposes and were tested in two independent
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