Ultra Resources (TSE:ULT) has released an update.
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Ultra Lithium Inc. has been prompted by Power Minerals Limited to repay the full outstanding balance of AUD $1.098 million from a convertible loan agreement within 10 business days. The company plans to fulfill its debt obligations within the specified period to avoid a default notice and potential enforcement actions against its assets. Ultra Lithium, engaged in the acquisition and development of lithium, gold, and copper assets, is facing crucial financial management decisions.
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