Company
CVE: USHA
Usha Resources Ltd is a Canadian junior exploration company focused on exploring and advancing early-stage high-grade precious and base metal projects across North America. The company is in the business of strategically negotiating and acquiring early-stage battery and precious metals projects that require minimal start-up costs. With prudent due diligence performed by its highly experienced and diversified board and technical team, the company says it can take its properties from an idea into a highly prospective project with immediate upside potential.
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The company unveiled the appointment of qualified professional geologist Michael Rosko and drilling company Harris Exploration Drilling and Associates Inc
The approval covers a six-hole, 2,700-metre program with a maximum depth of approximately 600 metres and focuses on the most prospective lithium brine targets as defined by geophysical work, in addition to drill road access and site prepara
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A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
Usha said it now plans to increase the scope of its maiden drilling program to 2,700 metres over six holes from 900 metres over three holes to better define a 43-101 resource estimate
Deepak Varshney, the company's CEO said: “Given the current market conditions, completion of this oversubscribed placement speaks to the strong demand and growing confidence in our team, our Lithium, Gold-Copper and Nickel projects, and fut
In total, Vancouver-based Usha has raised gross proceeds of $1,541,000 in all three tranches
“We are very pleased to be able to raise capital at a premium to our share price and we are very grateful for the support from our new and existing shareholders,” said Deepak Varshney, CEO of Usha
When complete, Usha shareholders will own stock in two public companies, Formation Metals, which will be focused on Nicobat, a nickel-copper-PGE project in Dobie Township, and Usha Resources, which will focus on the US-based assets, includi
The company said the Frankfurt listing marks another step towards creating greater liquidity and increasing shareholder and overall market awareness for Usha's drill-ready projects
"The closing of this acquisition is a key transformative event that firmly establishes the company as a North American battery metals explorer,” said Deepak Varshney, CEO of Usha Resources
The drill-ready Jackpot Lake property sits in Clark County, 35 kilometres northeast of Las Vegas, and spans 140 claims for 2,800 acres
