Usha Resources Ltd.

Usha Resources Ltd. is pleased to announce that it has entered into a mineral property option agreement with Ares Strategic Mining Inc. of Vancouver, whereby the Company has been granted the exclusive option to acquire a 100% interest in 140 mineral claims located in Jackpot Lake. The Property is located within Clark County, 35 km northeast of Las Vegas, and is comprised of 140 mineral claims that total 2,800 acres. The [...]

Usha Resources Ltd. is pleased to announce that it has executed a drilling contract for its upcoming maiden drill program at the Lost Basin Gold-Copper Project located in Mohave County. The Company intends on completing a reconnaissance visit by its personnel and the drilling contractor in the coming weeks to review drill sites after which it will commence with the construction of access roads and drill pads in [...]

Usha Resources Ltd. is pleased to announce that its Board of Directors is currently evaluating a proposal for Usha to transfer the Company's Nicobat Nickel property located in Dobie Township, Northwest Ontario to a newly formed subsidiary and subsequently spin out the shares of SpinCo to Usha's shareholders at a ratio yet to be determined . The Company will retain an interest in SpinCo. Deepak Varshney, CEO stated: "With [...]

Usha Resources Ltd. is pleased to announce that it has entered into an advertising and investor awareness campaign agreement with Dig Media Inc. dba Investing News Network . INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007. INN will introduce the Company to INN's audience of educated, active investors. Using a variety of methods [...]

Usha Resources Ltd. is pleased to announce that, subject to final approval of the TSX Venture Exchange , it has closed the final tranche of its non-brokered private placement . In total, 3,414,335 units were issued at $0.30 per Unit in both tranches raising gross proceeds of $1,024,300.40. Each Unit consists of one common share in the capital of the Company and one-half of one transferable Share purchase warrant with each [...]

Usha Resources Ltd. is pleased to announce that it has received proceeds of $883,330 from the exercise of 4,207,000 warrants. The exercised warrants were originally issued as part of the Company's go-public financing. All warrants issued as part of the go-public financing were exercised. Navin Varshney, a director of the Company, exercised 364,300 warrants, increasing his shareholdings to a total of 2,440,600 common [...]

Usha Resources Ltd. is pleased to announce the launch of its YouTube channel to further enhance Usha's shareholder experience during its 2022 exploration program. Usha's social media platforms presently includes LinkedIn, Twitter, and Facebook. The Company will use these platforms as a form of enhancing the shareholder experience with constant updates about exploration activities, interviews with management, and events [...]

Usha Resources Ltd. is pleased to announce that subsequent to its closing of the first tranche of the Company's non-brokered private placement , raising gross proceeds of $890,300.40, it has resumed exploration planning for its Lost Basin Gold-Copper Project located in Mohave County, Arizona. The Company is in receipt of a Notice of Exploratory Trenching that permits the excavation of 10 trenches with an average width of [...]

Not for distribution to U.S. news wire services or dissemination in the United States Usha Resources Ltd. is pleased to announce that, further to its news releases of August 12, 2021 and October 14, 2021, it has closed the first tranche of the Company's non-brokered private placement , issuing an aggregate of 2,967,668 units at $0.30 per Unit raising gross proceeds of $890,300.40. Each Unit consists of one common share [...]

Usha Resources Ltd. is pleased to announce the appointment of Adrian Smith as a director of the Company, effective immediately. Mr. Smith is currently the CEO of ArcPacific Resources Corp. and President and director of M3 Metals Corp. Mr. Smith is a professional geologist with over a decade of experience in the capital markets and mineral exploration and development sector. He has successfully executed multiple [...]