An anonymous director reports
USHA RESOURCES MAKES OPTION PAYMENT FOR RUBIDIUM RIDGE PROPERTY
Usha Resources Ltd. has exercised its option to purchase an undivided 100-per-cent interest in 141 unpatented mining claims (the Rubidium Ridge property), located in the Thunder Bay mining division of Ontario, adjacent to the White Willow property, by issuing a total of 400,000 common shares at a deemed price of 3.5 cents per share the vendors.
This issuance represents the final payment owing to the vendors pursuant to the option agreement dated July 31, 2023, and satisfies all terms of the option agreement, and the company now holds a 100-per-cent interest in the Rubidium Ridge property. The shares are subject to a hold period of four months plus the TSX Venture Exchange hold period.
About Usha Resources Ltd.
Usha Resources is a North American mineral acquisition and exploration company focused on the development of quality critical metal properties that are drill ready with high upside and expansion potential. Based in Vancouver, B.C., Usha's portfolio of strategic properties provides target-rich diversification and includes Southern Arm, a copper-gold VMS (volcanogenic massive sulphide) project in Quebec, Jackpot Lake, a lithium brine project in Nevada, and White Willow, a lithium pegmatite project in Ontario. Usha trades on the TSX Venture Exchange under the symbol USHA, the OTCQB Exchange under the symbol USHAF and the Frankfurt Stock Exchange under the symbol JO0.
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