Ultra Lithium issues voluntary management cease trade order due to delayed annual financial statements filing.

Ultra Lithium provides bi-weekly default status report, citing a voluntary management cease trade order due to not filing annual financial statements & MD&A for Oct 31, 2023, within 120 days. The company's principal regulator, the British Columbia Securities Commission, granted the order. Ultra Lithium attributes the delay to insufficient funds causing a delay in commencing the year-end audit.