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Ultra Resources Faces Potential Asset Receivership

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Ultra Resources Faces Potential Asset Receivership

Ultra Resources (TSE:ULT) has released an update.

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Ultra Lithium Inc. faces potential financial restructuring as Power Minerals Limited seeks to appoint a receiver over the company’s assets due to a convertible loan agreement dispute. Ultra Lithium, focusing on lithium and metal exploration, has the option to propose debt restructuring within a 10-day notice period.

For further insights into TSE:ULT stock, check out TipRanks’ Stock Analysis page.

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