- Usha Resources is a Canadian exploration company targeting multiple assets containing base and battery metals, including lithium, copper, and nickel.
- The company recently acquired Jackpot Lake in Nevada, a drill-ready lithium asset that will commence drilling exploration during Q2 2022.
- Other projects are located in mining-friendly jurisdictions, including Arizona, Montana, and Ontario.
- The company is presently completing a spinout of its Ontario project, providing shareholders with a 20 percent share dividend at no cost, if they own shares prior to the record date.
- Skilled professional geologists, with experience cultivating mining projects, lead the company’s exploration programs.
- Usha Resources has a management team with directly-relevant experience in the mining industry.
Fossil fuels have taken us far, but the future is electric. Surging electric vehicle (EV) demand and global government initiatives prioritizing battery metals make the importance of clean energy crystal clear. As a result, battery metals are expected to remain in robust demand. Lithium, famous for its role in EV batteries, will see supply and demand increase according to the research firm, Fastmarket, that anticipates the United States will play ‘catch up’ with Europe and China in 2022.
Additionally, financial markets analysts at Refinitiv are forecasting another strong year for global mine production as year-on-year growth reaches four percent, up from three percent in 2021. This research shows that the mining industry is recovering from the global disruption caused by the COVID-19 pandemic. Moreover, as the world races towards green technologies that require high-capacity batteries, some mining companies are preparing to meet future demands.Usha Resources (TSXV:USHA,OTCQB:USHA, FSE:JO0) is a Canadian junior exploration company, focused on advancing early-stage assets known for battery and base metals throughout North America. The company has four promising assets in highly-ranked jurisdictions, including Nevada, Arizona, Montana in the United States and Ontario in Canada. Lithium, copper, nickel, and cobalt are the company’s focus as it is preparing to meet the global demand for battery metals as the world transitions to clean energy.