Xin Zhongguo weilai ji

Antelope Enterprise Announces Agreement to Divest of its Ceramic Tile Business

Retrieved on: 
Thursday, January 5, 2023
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JINJIANG, China, Jan. 5, 2023 /PRNewswire/ -- Antelope Enterprise Holdings Limited (NASDAQ Capital Market: AEHL) ("Antelope Enterprise" or the "Company"), which operates KylinCloud, a leading online social ecommerce and live broadcast streaming platform with 200,000+ anchors and influencers, and a legacy ceramic tile manufacturing business in China, today announced that on December 30, 2022, it entered into a share purchase agreement (the "Disposition SPA") to divest of its ceramic tile manufacturing business. 

Key Points: 
  • JINJIANG, China, Jan. 5, 2023 /PRNewswire/ -- Antelope Enterprise Holdings Limited (NASDAQ Capital Market: AEHL) ("Antelope Enterprise" or the "Company"), which operates KylinCloud, a leading online social ecommerce and live broadcast streaming platform with 200,000+ anchors and influencers, and a legacy ceramic tile manufacturing business in China, today announced that on December 30, 2022, it entered into a share purchase agreement (the "Disposition SPA") to divest of its ceramic tile manufacturing business.
  • "We are pleased to enter into this agreement which will enable us to to focus all of our resources and energies on China's high growth social ecommerce sector," commented Antelope Enterprise CEO Weilai 'Will' Zhang.
  • "The ceramic tile business has faced significant hurdles due to the significant slowdown of the real estate sector and the impacts of Covid-19 in China.
  • Meanwhile, we have been experiencing strong growth momentum in KylinCloud, our social ecommerce business.

Ultra Lithium Amends Private Placement to Add Flow-Through Component Due to Strong Investor Demand

Retrieved on: 
Thursday, June 2, 2022
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VANCOUVER, British Columbia, June 02, 2022 (GLOBE NEWSWIRE) -- Ultra Lithium Inc. (TSX-V: ULT) (Ultra Lithium or the Company) announces that due to strong investor demand it has amended its previously announced $7,003,000 non-brokered private placement (the Offering) (see news release dated April 20, 2022) to include flow-through units.

Key Points: 
  • VANCOUVER, British Columbia, June 02, 2022 (GLOBE NEWSWIRE) -- Ultra Lithium Inc. (TSX-V: ULT) (Ultra Lithium or the Company) announces that due to strong investor demand it has amended its previously announced $7,003,000 non-brokered private placement (the Offering) (see news release dated April 20, 2022) to include flow-through units.
  • Yahua Lithium is one of the major suppliers of lithium salt products in the world and one of the largest lithium hydroxide suppliers for TESLA.
  • It is specialized in the R&D, manufacturing, and trading of lithium products, with the capacity of 43,000 tons of lithium hydroxide and lithium carbonate.
  • Ultra Lithium Inc. is an exploration and development company with a focus on the acquisition and development of lithium, gold, and copper assets.

Ultra Lithium Closes Sale of 60% of Georgia Lake and Forgan Lake Properties to Yahua and Enters Joint Venture

Retrieved on: 
Tuesday, May 10, 2022
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The Joint Venture (JV) with Yahua holding a 60% and Ultra Lithium holding a 40% interest has been formed.

Key Points: 
  • The Joint Venture (JV) with Yahua holding a 60% and Ultra Lithium holding a 40% interest has been formed.
  • We want to closely work with the local communities to develop the Georgia Lake / Forgan Lake properties with financial backing of a large lithium producer in the world.
  • The Board of Directors of the JV will have five members, three of whom will be nominated by Yahua International and two by Ultra Lithium.
  • The Company holds a brine lithium property in Argentina, and hard rock spodumene type lithium properties at the Georgia Lake / Forgan Lake area in northwestern Ontario, Canada, and a brine lithium property in the Big Smoky Valley, Nevada, USA.

Ultra Lithium Enters Joint Venture Agreement with Yahua and Announces Private Placement

Retrieved on: 
Wednesday, April 20, 2022
Lithium, TSX Venture Exchange, GLOBE, Sale, Gold, BTR, Shenzhen Stock Exchange, BYD Company, Director, Xin Zhongguo weilai ji, Mining, TSX, Acquisition, BYD, Agreement, Party, JV, Bangladesh Petroleum Exploration and Production Company Limited, Company, NSR, Glass, Partnership, TESLA, News, CEO, Board, Shareholder, Thunder Bay, Medicine, Metallurgy, R, Offering, BMW, Volkswagen, Ontario (department store), Iranian Rail Industries Development Co, NI, Person, Board of directors, Joint venture, Oil, Security (finance), Uranium, Unit

Upon completion of the above consideration payments, the JV with Yahua holding a 60% and Ultra Lithium holding a 40% interest will be formed.

Key Points: 
  • Upon completion of the above consideration payments, the JV with Yahua holding a 60% and Ultra Lithium holding a 40% interest will be formed.
  • Ultra Lithium looks forward to a robust exploration program for the hard rock lithium properties in Northern Ontario in 2022.
  • Yahua Lithium is one of the major suppliers of lithium salt products in the world and one of the largest lithium hydroxide suppliers for TESLA.
  • Ultra Lithium Inc. is an exploration and development company with a focus on the acquisition and development of lithium, gold, and copper assets.