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Usha Resources Ltd. V.USHA

Alternate Symbol(s):  USHAF

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.


TSXV:USHA - Post by User

Post by 1StockInformeron Sep 20, 2023 7:28pm
136 Views
Post# 35646387

USHA Role in North America's Path to Lithium Independence

USHA Role in North America's Path to Lithium Independence

The leaders in the lithium and battery industry at the Battery Show North America expressed optimism about eliminating North America's domestic lithium supply gap. They expect that by 2030, countries like China, Chile, and Australia will have less than 50% of the global lithium supply share due to the growth of the electric vehicle market and efforts to increase North American-based lithium production. Several lithium projects in North America are making significant progress, including those from Usha Resources Ltd., E3 Lithium Limited, Allkem Limited, Livent Corporation, and Lithium Americas Corp.


Source: https://www.baystreet.ca/stockstowatch/16017/The-Future-of-Lithium-North-America-Poised-to-Break-Dependence-on-Global-Sources


Usha Resources Ltd (Ticker: USHA.v or USHAF for US investors) is currently involved in two significant projects: the White Willow project in Ontario and the strategically located Jackpot Lake project in Nevada, which is near the only active lithium operation in the United States.


USHA recently provided an update on its White Willow Lithium Pegmatite Project in Ontario. Ten drill targets were identified at the project based on collected samples, showing promising initial results with high lithium content, cesium, tantalum, and rubidium. 

User image


USHA plans to begin drilling at these targets in Q1 2024. White Willow has become a flagship asset for the company, complementing its strategy to become a major lithium producer, alongside its Jackpot Lake Lithium Brine Project in Nevada, where drilling has commenced to assess the mineral potential. 


Full Press Release: https://usharesources.com/usha-resources-identifies-ten-key-drill-targets-across-25-kilometre-strike-at-the-white-willow-lithium-pegmatite-project/  Posted on behalf of Usha Resources Ltd. 

 
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