Usha Resources Ltd. (TSE:USHA) has released an update.
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Usha Resources Ltd. has announced its intention to divest up to 90% of its Jackpot Lake Lithium Brine Project to Stardust Power, Inc., for a deal potentially worth up to US$26,025,000. The agreement includes cash, stock options, and a work commitment, with Usha retaining a 10% interest and a 2% Net Smelter Royalty. The sale aligns with Usha’s strategy to focus on monetizing undervalued assets and exploring opportunities in copper and gold projects.
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