Usha Resources Ltd. , a North American lithium exploration company, is pleased to announce that drilling has commenced for the third hole at the 100%-owned Jackpot Lake Lithium Brine Property located in Clark County, Nevada. Drill hole JP23-01 will be drilled immediately upon hole development and initial sampling of JP23-02. JP23?01 and JP23-02 are twinning JP22-01 and JP22-02, respectively, conducted to better maintain [...]
Highlights: The Company has completed a 2-week visit covering approximately 5% of the 15,680-hectare project area. 217 rock samples have been collected and submitted for laboratory analysis. The lithium-cesium-tantalum pegmatite trend on the property has a potential strike length of >8 km. 3 km of strike and ~1 km of width of the system has been mapped in detail, with 45 new pegmatites identified within this LCT-field [...]
Usha Resources Ltd. , a North American mineral acquisition and exploration company focused on the development of drill-ready battery metal projects, is pleased to announce that it has confirmed the presence of a fertile lithium-cesium-tantalum system at its Gathering Lake Lithium Pegmatite Project located within the Thunder Bay Mining District, Ontario. Highlights: The Company has mobilized its technical team onsite for a [...]
Usha Resources Ltd. , a North American mineral acquisition and exploration company focused on the development of drill-ready battery metal projects, is pleased to announce that it has confirmed the presence of a fertile lithium-cesium-tantalum system at its Mead Project located 25 minutes south of Hearst, Ontario. The Company is also pleased to announce that it has received its exploration permit for the Mead Project from [...]
Usha Resources Ltd. , a North American lithium mineral acquisition and exploration company focused on the development of drill-ready lithium and other battery and precious metal projects, is pleased to announce the resumption of drilling activities at its flagship Jackpot Lake Lithium Brine Project and the commencement of exploration at each of its six lithium pegmatite projects in Ontario. Highlights: Drilling is [...]
Usha Resources Ltd. is pleased to announce that, subject to the approval of the TSXV, the Company has executed five options with 2758145 Ontario Ltd. of Atikokan, Ontario, for the right to purchase an undivided 100% interest in five additional lithium pegmatite projects located in Ontario: the "Lee Lake", "Mead", "Bluett", "Gathering Lake" and "Triangle Lake" Projects. "We are very pleased to be able to add such quality [...]
Usha Resources Ltd. is pleased to provide comments on the recent announcement of the new National Lithium Policy in Chile. Electric vehicle manufacturers are facing a new obstacle in their quest to secure battery materials, as more countries seek to safeguard their natural resources. Mexico nationalized its lithium deposits in 2022, while Indonesia prohibited exports of nickel ore, an essential component of batteries, in [...]
Usha Resources Ltd. , a North American mineral acquisition and exploration company focused on the development of drill-ready lithium and other battery and precious metal projects, is pleased to provide an update on its on-going catalysts for growth and a recap of the Company's progress in 2022. Highlights Working capital of approximately $3.1 million. 220% growth in market capitalization since the start of 2022 to just [...]
Usha Resources would like to remind shareholders of the upcoming ex-distribution date of April 21, 2023, with respect to the plan of arrangement among the Company, Formation Metals and the shareholders of the Company. As per its news release dated April 5, 2023, the common shares of USHA are now trading with "due bills" attached during the "Due Bill Period". The "Due Bill Period" is from April 11, 2023 to April 20, 2023 [...]
Company Confirms Presence of Higher-Grade Lithium in Shallow Soils Throughout Second Hole; Identifies Significantly Thicker Zone of Higher-Porosity Sand-Conglomerate Zone at Basin Bottom Overlain by Massive Interval of Evaporites Usha Resources Ltd. , a North American mineral acquisition and exploration company focused on the development of drill-ready lithium and other battery and precious metal projects, is pleased to [...]
Usha Resources Ltd. , a North American mineral acquisition and exploration company focused on the development of drill-ready battery and precious metal projects, is pleased to announce that, subject to the approval of the TSX Venture , the Company has executed an option with 2758145 Ontario Ltd., Peter Gehrels, and Allan George Onchulenko of Atikokan, Ontario, for the right to purchase an undivided 100% interest in eight [...]
Usha Resources would like to remind shareholders of the upcoming share distribution record date of April 12, 2023, with respect to the plan of arrangement among the Company, Formation Metals and the shareholders of the Company. Under the terms of the Arrangement and upon completion of the share exchange prescribed by Article 3 of the Arrangement, the USHA Shareholders of record at the close of business on the Record Date [...]
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