Usha Resources gains key approval for Formation Metals spinout
News release
by
Usha Resources Ltd
Vancouver, British Columbia
|
January 12, 2023 05:58 AM Pacific Standard Time
Usha Resources CEO Deepak Varshney shared news that the company has obtained the final approval for the previously announced proposed spin-out of its wholly owned-subsidiary Formation Metals Inc. Varshney told Proactive the company would now look to complete closing conditions, including seeking final approval of the arrangement by the TSX Venture Exchange. He also updated on drilling at its Jackpot Lake lithium brine property.
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