Company
Usha Resources Ltd
CVE: USHA
Usha Resources Ltd is a Canadian junior exploration company focused on exploring and advancing early-stage high-grade precious and base metal projects across North America. The company is in the business of strategically negotiating and acquiring early-stage battery and precious metals projects that require minimal start-up costs. With prudent due diligence performed by its highly experienced and diversified board and technical team, the company says it can take its properties from an idea into a highly prospective project with immediate upside potential.
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Usha Resources says drill contractor completes site visit at Jackpot Lake lithium brine project in Nevada
“With a well-funded treasury, we anticipate the coming months to be extremely active and we look forward to a busy and productive field season at Jackpot Lake as we also proceed with our other catalysts including the Nicobat Nickel spinout,
Usha Resources begins exploration work at Jackpot Lake lithium brine project in Nevada
“We are very excited to have boots on the ground and look forward to the start of drilling and beginning our journey at Jackpot Lake and capitalizing on our geographical advantage on US soil,” Deepak Varshney, CEO of Usha Resources said
Usha Resources files 43-101 technical report on Nicobat project as part of planned spin-out of asset
As reported in May this year, the company wants to spin out the property to subsidiary Formation Metals Corp (FMC) after unanimous approval from the board
Usha Resources announces finalized program team for near-term drill program at its Jackpot Lake lithium brine project
The company unveiled the appointment of qualified professional geologist Michael Rosko and drilling company Harris Exploration Drilling and Associates Inc
Usha Resources receives US land agency’s approval to begin Jackpot Lake drill program
The approval covers a six-hole, 2,700-metre program with a maximum depth of approximately 600 metres and focuses on the most prospective lithium brine targets as defined by geophysical work, in addition to drill road access and site prepara
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Usha Resources begins exploration work on Jackpot Lake lithium project; aims to commence drilling in late summer/early fall
Usha said it now plans to increase the scope of its maiden drilling program to 2,700 metres over six holes from 900 metres over three holes to better define a 43-101 resource estimate
Usha Resources closes final tranche of its previously announced non-brokered private placement for total gross proceeds of $1,353,602
Deepak Varshney, the company's CEO said: “Given the current market conditions, completion of this oversubscribed placement speaks to the strong demand and growing confidence in our team, our Lithium, Gold-Copper and Nickel projects, and fut
Usha Resources closes third tranche of private placement
In total, Vancouver-based Usha has raised gross proceeds of $1,541,000 in all three tranches
Usha Resources closes second tranche of private placement; raises gross proceeds of $880,499
“We are very pleased to be able to raise capital at a premium to our share price and we are very grateful for the support from our new and existing shareholders,” said Deepak Varshney, CEO of Usha
Usha Resources poised to spin out its Canada nickel project to subsidiary Formation Metals Corp
When complete, Usha shareholders will own stock in two public companies, Formation Metals, which will be focused on Nicobat, a nickel-copper-PGE project in Dobie Township, and Usha Resources, which will focus on the US-based assets, includi
Usha Resources announces the listing of its shares on the Frankfurt Stock Exchange
The company said the Frankfurt listing marks another step towards creating greater liquidity and increasing shareholder and overall market awareness for Usha's drill-ready projects
Usha Resources secures TSXV approval for acquisition of Jackpot Lake lithium project
"The closing of this acquisition is a key transformative event that firmly establishes the company as a North American battery metals explorer,” said Deepak Varshney, CEO of Usha Resources
Usha Resources announces amendment to its option deal for drill-ready Jackpot Lake lithium project, Nevada
The drill-ready Jackpot Lake property sits in Clark County, 35 kilometres northeast of Las Vegas, and spans 140 claims for 2,800 acres