Ultra Lithium Inc. announced that the Company as operator has signed a drilling contract with Niigaani Drilling Incorporated to carry out 2,095 meters of diamond drilling at the Georgia Lake Lithium Property. The Company owns a 40% interest in North Canada Lithium Corp. which holds the Georgia Lake and Forgan Lake lithium properties.

In May 2022 the Company sold a 60% interest in NCLC to Yahua International Investment and Development Co. Ltd. and formed a joint venture with Yahua holding a 60% interest and Ultra Lithium holding a 40% interest in NCLC. The exploration work will be carried out on the Jean Lake and the Georgia Lake claim blocks and is aimed at achieving the following objectives: Confirm historic spodumene mineralization at depth on the Camp, Neimi, Giles, and Trans pegmatites in the Jean Lake and the Georgia claim blocks; Provide the necessary geological and lithium oxide assays for the properties first in-depth economic study; Define the strike length of each pegmatite following up to the 2016 and 2017 surface field work; Collect core samples for metallurgical test work, these samples can be added to the surface mineralized lithium pegmatite samples collected during the last winter.