Usha Resources narrows company focus to zero in on exploring for lithium | News Direct

Usha Resources narrows company focus to zero in on exploring for lithium

Usha Resources Ltd
News release by Usha Resources Ltd

facebook icon linkedin icon twitter icon pinterest icon email icon Vancouver | September 07, 2023 12:58 PM Eastern Daylight Time


Usha Resources CEO Deepak Varshney joined Steve Darling from Proactive to share news the company has announced that following a comprehensive review of its portfolio, it has elected to not proceed with the Lost Basin Copper-Gold Project in alignment with its 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.

Varshney told Proactive that Usha Resources will continue to explore projects like White Willow, where it recently announced a lithium-cesium-tantalum project with a potential strike length of greater than 25 km, and its flagship lithium brine project at Jackpot Lake.

Varshney also told Proactive the company has entered into negotiations to acquire assets in the Frazer Lake Camp, where a recent significant lithium discovery included a spodumene-rich dyke that graded an average of 6.82% Li2O within a 9 km trend.


Contact Details


Proactive Investors Canada


+1 604-688-8158

project media