Usha Resources Stock Price, News & Analysis

Usha Resources Ltd. (USHAF) has successfully raised $883,330 from the exercise of 4,207,000 warrants, enhancing its financial stability. This funding, alongside $1,755,130.40 raised this quarter, supports ongoing exploration at the Lost Basin Gold-Copper Project in Arizona. CEO Deepak Varshney highlighted shareholder support and the financial flexibility gained for the upcoming 2022 exploration program. The company remains focused on developing mineral assets while managing inherent risks typical in the mining industry.

Usha Resources Ltd. has launched a new YouTube channel to enhance shareholder engagement during its 2022 exploration program. The company aims to provide regular updates on exploration activities, management interviews, and community events through its social media platforms, including Facebook, Twitter, and LinkedIn. Usha is focused on acquiring and exploring mineral deposits in Northwest Ontario and Mohave County, Arizona. The company emphasizes its commitment to increasing shareholder value through strategic property acquisitions and advanced exploration methods.

Usha Resources Ltd. (TSXV:USHA, OTCQB:USHAF) has successfully raised $890,300.40 through the initial tranche of a non-brokered private placement. The company is restarting exploration for its Lost Basin Gold-Copper Project in Mohave County, Arizona, following the receipt of a Notice of Exploratory Trenching. This allows for excavation of 10 trenches to further assess gold-copper mineralization. Significant findings from spring fieldwork include gold assays up to 45.4 g/t and copper grades exceeding 1.53%. Usha plans to advance exploration into 2022.

Usha Resources Ltd. (TSXV:USHA)(OTCQB:USHAF) has closed the first tranche of its non-brokered private placement, raising $890,300.40 by issuing 2,967,668 units at $0.30 each. Each unit includes one common share and one-half of a share purchase warrant, exercisable at $0.45 for two years. The company incurred finders' fees of $40,271.01 and additional finder warrants. Proceeds will fund exploration and working capital. The company also received a 30-day extension to close a second tranche of the placement.

Usha Resources Ltd. (TSXV:USHA)(OTCQB:USHAF) has appointed Adrian Smith as a director, effective immediately, while Brian Moore has resigned. Smith, a seasoned geologist with extensive capital markets experience, will support the development of the Lost Basin gold-copper project in Arizona and the Green Hills copper-cobalt project in Montana. The Green Hills Property contains over 10,000 metres of historical drilling, revealing significant mineralization, while the Lost Basin Property shows promising soil sample results, including up to 11.134 g/t Au.

Usha Resources Ltd. (TSXV:USHA)(OTCQB:USHAF) has entered into a Share Exchange Agreement to acquire 1236598 B.C. Ltd., a company with a significant Copper-Cobalt Property in Montana. The acquisition involves 5,800,000 common shares valued at $0.30 each, subject to a 2% net smelter returns royalty. The property boasts over 1,342 acres with historical drilling results showing promising mineralization. Additionally, Usha has initiated a non-brokered private placement raising up to $3 million to fund exploration. The deal awaits TSX Venture Exchange approval.

Usha Resources Ltd. (TSXV:USHA)(OTCQB:USHAF) announced an update on its Fall 2021 exploration program at the Lost Basin Gold-Copper Project in Arizona. The company has received a permit to excavate 10 trenches totaling approximately 1,420 metres to sample mineralized sections. Key findings include:

• Red Basin showing up to 11.134 g/t Au
• Copper Blowout with 1.53% Cu
• Mallory's Trench yielding 2.6 g/t Au

This exploration aims to enhance understanding of gold mineralization and develop targets for future drilling.

Usha Resources Ltd. (TSXV:USHA, OTCQB:USHAF) has appointed Adrian Smith, P.Geo., as an advisor, enhancing its leadership team. Smith brings over a decade of capital markets and mineral exploration experience, including successful management of the Mohave Gold project in Arizona. His role will focus on developing the Lost Basin gold-copper project and assessing acquisition targets for base and battery metals. Usha aims to increase shareholder value through strategic mineral exploration and acquisition.

Usha Resources Ltd. (TSXV:USHA, OTCQB:USHAF) has granted incentive stock options for 435,227 Shares at an exercise price of $0.20 per Share for five years to directors, officers, and consultants. This move aligns with the company's stock option plan. Usha focuses on exploring commercially viable mineral deposits, particularly in Northwest Ontario, Canada, and the Lost Basin Gold Mining District in Arizona, USA. The company aims to enhance shareholder value through strategic acquisitions and advanced exploration techniques.