09:24 AM EST - Usha Resources Ltd. : Announced that, subject to the approval of the TSX Venture, the Company has executed an option with 2758145 Ontario Ltd. of Atikokan, Ontario, for the right to purchase an undivided 100% interest in 712 unpatented mining claims located in the Thunder Bay Mining Division of Ontario. To facilitate the acquisition, the Company has also entered into an assignment agreement with Grid Metals Corp. of Toronto, Ontario, whereby the Assignor permitted the Company to negotiate the Option Agreement in exchange for certain consideration. The White Willow Lithium-Tantalum Property is the first acquisition of Usha's planned expansion into the hard-rock pegmatite space. The Company believes that the acquisition is highly complementary to its 100% owned flagship Jackpot Lake Lithium Brine Project, where it recently tripled its land position (see the Company's news release dated February 28, 2023) and is undertaking its maiden drill program with a goal of defining a 43-101 resource (see the Company's news release dated February 16, 2023), and will be an asset as part of its decision to pursue an listing on the Australian Securities Exchange. Usha Resources Ltd.
shares V.USHA are trading off 2 cents at $0.33.
Full Press Release: https://www.baystreet.ca/quotedata/quote.aspx?ticker=USHA%3ACA&qmodStoryID=8316150660189172
