Usha Resources Ltd.

Usha Resources is developing a diversified portfolio of high-potential projects: lithium brine (Jackpot Lake, Nevada), lithium pegmatite (White Willow, Ontario), copper-gold VMS (Southern Arm, Quebec), and gold-copper (Lost Basin, Arizona). The focus is on “drill-ready” assets with strong financing and clear exploration plans.
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What projects is Usha currently working on?

  • Jackpot Lake (Nevada): Lithium brine, LOI with Stardust Power for 90% interest, approved drilling in 2025.
  • White Willow (Ontario): Pegmatite lithium, 25 km strike with Li-Cs-Ta target zones.
  • Southern Arm (Quebec): Copper-gold VMS, IP survey completed, approval for May drilling.
  • Lost Basin (Arizona): Gold-copper, exploratory.

Financing via private placements, marketing investments, and LOI structure with Stardust Power (US$75,000 received; up to US$26M total consideration possible).

CEO Deepak Varshney is a professional geologist with over 15 years of experience and > C$40M in financings; CFO Khalid Naeem brings operational financial expertise.

  • Jackpot Lake: 2,000 ft drilling for 43-101 resource definition in 2025;
  • Southern Arm: IP survey & Q1/2025 drilling program (~3,000 m);
  • White Willow: Field mapping, additional pegmatite targets.

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