10:08 AM EST - Usha Resources Ltd : Announces that following a comprehensive review, it has elected to not proceed with the Lost Basin Copper-Gold Project in alignment with the Company's strategic objectives of transitioning to a pure-play lithium explorer. The termination of the agreement will allow the Company to better focus on its growing portfolio of lithium projects in Ontario which includes White Willow, where it recently announced a lithium-cesium-tantalum with a potential strike length of greater than 25 km that is open at both ends, while continuing to develop its flagship lithium brine project at Jackpot Lake, a setting where it has demonstrated the system is analogous to that of Clayton Valley which hosts Albemarle's Silver Peak lithium brine mine, the only producing lithium operation in the United States. Usha Resources Ltd
shares V.USHA are trading up one cent at $0.18.
Full Press Release: https://www.baystreet.ca/quotedata/quote.aspx?ticker=USHA%3ACA&qmodStoryID=8008553829799535
