Usha Resources Ltd. V.USHA

Alternate Symbol(s): USHAF

Metals & Mining Industrial Metals & Minerals

Usha Resources Ltd. is a mineral acquisition and exploration company. It is focused on the development of lithium metal properties that are drill-ready with high-upside and expansion potential. Its portfolio of properties provides target-rich diversification and includes Jackpot Lake, a lithium brine project in Nevada and White Willow, a lithium pegmatite project in Ontario that is the flagship among its portfolio of hard-rock lithium assets. The Jackpot Lake Lithium Brine Property located within Clark County, about 35 kilometers (km) northeast of Las Vegas, Nevada, consists of 140 mineral claims that total 2,800 acres. Spanning 15,680 hectares, the White Willow Lithium-Tantalum Property is situated 170 km west of Thunder Bay. It has the option to acquire a 100% interest in five lithium pegmatite projects located in Ontario: the Lee Lake, Mead, Bluett, Gathering Lake and Triangle Lake projects. It also has the option to acquire a 100% interest in the Abiwin lithium pegmatite property.

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Usha Resources Ltd.

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Post by Betteryear2on Sep 06, 2023 8:12pm

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Post# 35623100

Transition to Pure-Play Lithium Explorer V.USHA

Highlights:

The Company has streamlined its existing portfolio, dropping the Lost Basin Gold-Copper Project.
The Company will focus on advancing its lithium portfolio which includes two (2) flagship assets, the Jackpot Lake Lithium Brine Project and the White Willow Lithium Pegmatite Project.
The Company has also entered negotiations to acquire assets in the Frazer Lake Camp, where a recent significant lithium discovery included a spodumene-rich dyke that graded an average of 6.82% Li2O within a 9 km trend that emphasizes the regions potential for hosting further high-grade lithium mineralization.

VANCOUVER, BC /ACCESSWIRE / September 6, 2023 / Usha Resources Ltd. ("USHA" or the "Company") (TSXV:USHA)(OTCQB:USHAF)(FSE:JO0), a North American lithium exploration company, is pleased to announce that following a comprehensive review of its portfolio, it has elected to not proceed with the Lost Basin Copper-Gold Project in alignment with the Company's strategic objectives of transitioning to a pure-play lithium explorer.

Usha Resources Announces Transition to Pure-Play Lithium Explorer, Streamlining of Portfolio (accesswire.com)