Usha Resources Ltd (TSX-V:USHA) has announced the listing of its shares on the Frankfurt Stock Exchange (FSE) under the symbol JO0.
The company said the listing marks another step towards creating greater liquidity and increasing shareholder and overall market awareness for Usha's drill-ready projects. The company's common shares are now cross-listed on the TSX Venture Exchange, the OTCQB and the FSE.
"With the recent acquisition of the Jackpot Lake Lithium Project, three planned drill programs and mounting investor interest in our Nicobat Nickel Project spin out, it makes sense to broaden USHA's visibility and connect with a larger, global community of potential European institutional and retail investors," Deepak Varshney, CEO of Usha Resources said in a statement. "Anytime we can make it easier and help facilitate investment in the Company by the European investment community. we'll take action so that all shareholders benefit."
READ: Usha Resources secures TSXV approval for acquisition of Jackpot Lake lithium project
The Jackpot Lake Lithium Project, located within Clark County, Nevada, comprises of 140 mineral claims totaling 2,800 acres. The project is considered to be "drill-ready" based on the work which has successfully delineated a 5 x 2 kilometre anomaly within a closed basin that suggests the presence of a highly concentrated brine.
The company said it intends to complete an aggressive exploration program by drilling both shallow and deep holes to test the targets.
Usha Resources is a North American mineral acquisition and exploration company focused on the development of quality battery and precious metal properties that are drill-ready with high upside and expansion potential.
Contact the author at jon.hopkins@proactiveinvestors.com