Welcome to our dedicated page for Usha Resources news (Ticker: USHAF), a resource for investors and traders seeking the latest updates and insights on Usha Resources stock.
Usha Resources Ltd. (USHAF) is a North American mineral exploration company focused on advancing lithium, copper, and gold projects through systematic exploration programs. This page serves as the definitive source for official company updates, providing stakeholders with timely access to material developments across its portfolio of drill-ready assets.
Investors and industry professionals will find comprehensive coverage of operational milestones including resource acquisition announcements, exploration results, and strategic partnership updates. The curated news collection features technical progress reports on lithium pegmatite targets, brine project evaluations, and critical metals exploration initiatives.
All content undergoes rigorous verification to ensure alignment with regulatory standards and geological reporting best practices. Regular updates reflect the company's phased approach to property development, from initial geochemical surveys through advanced drilling campaigns.
Bookmark this page for direct access to USHAF's latest corporate communications, including detailed analyses of exploration methodologies and project-specific developments. For comprehensive tracking of the company's progress in North America's premier mining jurisdictions, consider subscribing to updates or monitoring this resource regularly.
Usha Resources (TSXV:USHA)(OTCQB:USHAF) has executed an option with Abitibi Metals Corp. to purchase a 100% interest in the Southern Arm property, which hosts a ~7.3 km copper-gold trend. The property is located in the Abitibi mining camp, near significant deposits like the B26 Copper deposit and Fenelon Gold Project. Key highlights include:
- Multiple drill targets identified, including 'Hollywood' with anomalous metals over a ~1.8 km footprint
- Fully funded drill program planned for Fall 2024
- Option terms: 5,000,000 common shares and $2,000,000 in work expenditures
- 2% net-smelter returns royalty granted to Abitibi Metals
This acquisition positions Usha as a diversified metals company in North America with potential for a significant asset in Quebec.
Usha Resources (TSXV:USHA)(OTCQB:USHAF)(FSE:JO0) has engaged Hillside Consulting and Media Inc. for a 3-month digital marketing campaign to increase corporate awareness. The company will pay Hillside $50,000 CAD plus taxes for services including SEO, PPC, email, YouTube, and social media marketing.
This move follows Usha's recent LOI with Stardust Power, granting them the right to earn up to a 90% interest in the Jackpot Lake Lithium Brine Project for potential consideration of up to US$26,025,000 over five years. Usha has already received a non-refundable US$75,000 payment from Stardust Power.
CEO Deepak Varshney states that engaging Hillside is part of Usha's strategy to increase visibility and build shareholder value. The company is also exploring opportunities to acquire copper and/or gold projects.
Usha Resources has entered a Letter of Intent with Stardust Power, giving Stardust the right to earn up to a 90% interest in Usha's Jackpot Lake Lithium Brine Project. The deal could total up to $26,025,000 over five years, including $1,525,000 in cash, $750,000 in stock, and $15,750,000 in cash or stock at Stardust's discretion. Usha will retain 10% of the project and a 2% Net Smelter Royalty. Stardust Power aims to list on NASDAQ by mid-2024 and will develop a lithium refinery in Oklahoma. The Jackpot Lake Project, located in Clark County, NV, encompasses 8,714 acres and has potential for high lithium concentration.
Usha Resources has made the first anniversary payments for its White Willow Lithium Pegmatite Project, consisting of $20,000 and 200,000 common shares. The project, located 170 km west of Thunder Bay, Ontario, spans over 22,000 hectares and has identified 10 priority drill targets across 44 km. Usha aims to begin a 4,000-meter maiden drill program in Spring 2024. The White Willow site shows promising lithium-cesium-tantalum systems with significant findings such as 0.5% Li2O, 1,833 ppm cesium, and 120,000 ppm tantalum. These developments position the project to capitalize on the growing lithium and green energy markets in Canada.
Usha Resources announces the completion of the Abiwin Transaction, expanding the White Willow Project to 44 kilometers. The company issued $15,000 cash and 250,000 common shares to acquire the Abiwin Lithium Pegmatite Property. The property extends the strike length of the White Willow LCT pegmatite field, showcasing significant potential for critical metal assets. CEO Deepak Varshney highlights the exploration upside for lithium and other critical metals in the newly acquired claims.
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