Usha Resources (USHA) AI Stock Analysis

• Market Cap: C$6.44M
• Dividend Yield: N/A
• Average Volume (3M): 34.49K
• Price to Earnings (P/E): 12.7
• Beta (1Y): 0.59
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 91,981,580
• 10 Day Avg. Volume: 11,155
• 30 Day Avg. Volume: 34,495
• PEG Ratio: 0.22
• Price to Book (P/B): 0.39
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.90
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: C$0.05 ▼(-8.00% Downside)

The score is held back primarily by weak financial performance: no revenue, ongoing losses, and negative free cash flow despite improvement and a low-debt balance sheet. Technicals are supportive with strong bullish momentum, and valuation appears moderate based on the provided P/E, but does not outweigh the fundamental cash-burn risk.

Usha Resources Business Overview & Revenue Model

Company Description

Usha Resources Ltd. operates as a mineral acquisition and exploration company. It explores for gold, nickel, copper, and cobalt deposits. The company holds 100% interests in the Jackpot Lake property that comprise 140 mineral claims covering an area of approximately 2800 acres located in Jackpot Lake, Nevada; and 85% interests in the Nicobat property situated in Ontario, Canada. It also has an option to acquire 100% interests in the Lost Basin project consisting of 133 mineral claims located in Arizona, the United States. The company was incorporated in 2018 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Usha Resources makes money through the exploration and development of mineral properties, which involves acquiring promising mineral assets and conducting geological assessments to evaluate their potential. The company's primary revenue streams include the sale or joint ventures of mineral properties, royalties from developed projects, and potentially selling extracted resources. Significant partnerships with larger mining firms or investors can provide financial backing and expertise, enhancing the company's ability to explore and develop its assets. Additionally, securing funding through public or private placements of its stock offers further capital to support its exploration activities.

Usha Resources Financial Statement Overview

Summary

Pre-revenue profile with persistent operating losses and ongoing cash burn. Results improved materially in 2025 (smaller net loss and reduced negative operating/free cash flow), and the balance sheet is a relative strength with zero reported debt and higher equity, but sustainability remains dependent on future revenue generation and external financing.

Income Statement

The company reports no revenue across the annual periods provided, alongside persistent operating losses. Losses have narrowed materially in the most recent year (net loss improved to about -$0.16M in 2025 from about -$3.43M in 2024), which is a positive trajectory, but the absence of revenue and ongoing negative EBIT indicate the business is still in an early or non-producing phase with limited earnings visibility.

Balance Sheet

Leverage appears conservative with total debt reported at $0 across periods, which lowers financial risk. Equity has grown to ~$8.7M in 2025 (from ~$5.2M in 2024), supporting the asset base (~$8.9M total assets). The key weakness is continued losses, which keep returns on equity negative and imply the balance sheet may rely on external funding over time if operating performance does not improve.

Cash Flow

Cash generation remains weak with negative operating cash flow and negative free cash flow in every year shown, indicating ongoing cash burn. There is improvement in 2025 (operating cash flow about -$0.70M vs. -$1.67M in 2024; free cash flow about -$1.78M vs. -$2.82M), but the business is still not self-funding, and continued negative cash flows raise dilution/financing risk until revenues scale.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	-127.68K	0.00	0.00	―
EBITDA	-686.90K	0.00	-1.26M	-2.93M	-1.01M	-467.63K
Net Income	271.27K	-162.51K	-3.43M	-2.98M	-942.44K	-467.62K
Balance Sheet
Total Assets	9.09M	8.94M	5.67M	6.94M	2.39M	1.20M
Cash, Cash Equivalents and Short-Term Investments	409.19K	530.35K	1.15M	2.54M	1.17M	221.76K
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	242.99K	239.63K	436.18K	101.62K	90.51K	101.29K
Stockholders Equity	8.85M	8.71M	5.24M	6.84M	2.30M	1.10M
Cash Flow
Free Cash Flow	-1.64M	-1.78M	-2.82M	-4.51M	-1.03M	-877.79K
Operating Cash Flow	-542.53K	-697.69K	-1.67M	-3.10M	-978.86K	-394.74K
Investing Cash Flow	-1.09M	-1.09M	-1.15M	-1.42M	-49.02K	-483.06K
Financing Cash Flow	982.48K	1.16M	1.43M	5.88M	1.98M	672.02K

Usha Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.05
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:USHA, the sentiment is Positive. The current price of 0.05 is below the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.05, and above the 200-day MA of 0.04, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 64.18 is Neutral, neither overbought nor oversold. The STOCH value of 93.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:USHA.

Usha Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
USHA	54 Neutral	C$6.44M	12.73	3.09%	―	―	―
GLD	49 Neutral	C$5.98M	-17.59	-40.98%	―	―	79.47%
MTH	49 Neutral	C$7.46M	-10.61	―	―	―	35.79%
PERU	42 Neutral	C$5.89M	-1.03	-187.84%	―	―	54.89%
GMC	25 Underperform	$3.48M	-0.68	―	―	―	-57.72%

Usha Resources Corporate Events

Usha Resources Acquires 14.3% Stake in Totec Resources via Qualifying Transaction

Usha Resources Ltd., listed on the TSX Venture Exchange, OTCQB and Frankfurt Stock Exchange, has acquired a significant minority stake in Totec Resources Ltd. following the completion of Totec’s qualifying transaction involving Usha, Subco and certain Subco shareholders. Under a share purchase agreement, Totec issued 35.5 million common shares to Subco shareholders and paid $50,000 to Usha; Usha received 5.5 million Totec shares, giving it beneficial ownership of 14.3% of Totec’s outstanding common shares on a non-diluted basis, and has indicated it may adjust its holdings in the future depending on market conditions and strategic considerations.

The most recent analyst rating on (TSE:USHA) stock is a Hold with a C$0.06 price target. To see the full list of analyst forecasts on Usha Resources stock, see the TSE:USHA Stock Forecast page.

Totec Resources Closes Qualifying Transaction to Acquire White Willow Property and Secures $4.5 Million Financing

Totec Resources has completed its qualifying transaction by acquiring 1540359 B.C. Ltd. and, indirectly, the White Willow Property from Usha Resources, in a deal valued at 35.5 million common shares and $50,000 in cash, cementing the asset as its core exploration project and subject to existing net smelter return royalties. In tandem, Subco closed a $4.5 million private placement ahead of the transaction, with the resulting issuer’s shares set to begin trading on the TSX Venture Exchange under the symbol “TOTC” on January 21, 2026, providing Totec with fresh capital, a defined leadership team, and a clearer path to advance exploration activities at White Willow for its new shareholder base.

The most recent analyst rating on (TSE:USHA) stock is a Hold with a C$0.06 price target. To see the full list of analyst forecasts on Usha Resources stock, see the TSE:USHA Stock Forecast page.

Usha and Totec Close $4.5 Million Financing Ahead of Qualifying Transaction

Usha Resources and its wholly owned subsidiary 1540359 B.C. Ltd. have completed a $4.5 million private placement financing in connection with the planned sale of the subsidiary and Usha’s White Willow Property to capital pool company Totec Resources, a deal that will serve as Totec’s qualifying transaction on the TSX Venture Exchange. The financing, structured as units consisting of shares and warrants that will convert into Totec securities upon closing, is expected to fund exploration at the White Willow Property and provide working capital for Totec and the subsidiary, although completion remains contingent on exchange approval; if the transaction fails, the financing will be unwound and investor funds returned while trading in Totec shares remains halted pending satisfaction of regulatory requirements.

The most recent analyst rating on (TSE:USHA) stock is a Hold with a C$0.06 price target. To see the full list of analyst forecasts on Usha Resources stock, see the TSE:USHA Stock Forecast page.

Usha and Totec Secure TSXV Nod for White Willow Deal and Share Consolidation

Usha Resources and Totec Resources have received conditional acceptance from the TSX Venture Exchange for Totec’s qualifying transaction to acquire Usha’s interest in 1540359 B.C. Ltd. and, indirectly, the 489 mineral claims comprising the White Willow Property in northwestern Ontario, with completion targeted around January 19, 2026. In parallel, Totec will implement a 1-for-2 share consolidation, cutting its outstanding shares to about 3.06 million, while maintaining its name and largely preserving proportional ownership for investors; following closing of the transaction, Totec’s trading symbol will change from “TOTC.P” to “TOTC”, positioning it to transition from a capital pool company to an operating resource issuer.

The most recent analyst rating on (TSE:USHA) stock is a Hold with a C$0.07 price target. To see the full list of analyst forecasts on Usha Resources stock, see the TSE:USHA Stock Forecast page.

Totec Upsizes Financing as It Acquires Usha’s White Willow Property in Qualifying Transaction

Totec Resources and Usha Resources have provided supplemental disclosure on their planned qualifying transaction under TSX Venture Exchange rules, whereby Totec will acquire Usha’s interest in 1540359 B.C. Ltd. and, indirectly, the 489 mineral claims comprising the White Willow Property in Ontario’s Thunder Bay Mining Division. Under the deal, Totec will pay Usha $50,000 and issue 5.5 million post-consolidation shares at a deemed price of $0.15, while Subco’s concurrent financing has been upsized to raise up to $4.5 million through 30 million units, each with a share and a two‑year warrant; the transaction, involving overlapping management but no control persons, is not treated as a related party or non‑arm’s length qualifying transaction and does not require disinterested shareholder approval, with Totec’s shares remaining halted until exchange requirements are met.

The most recent analyst rating on (TSE:USHA) stock is a Hold with a C$0.07 price target. To see the full list of analyst forecasts on Usha Resources stock, see the TSE:USHA Stock Forecast page.

Usha Resources Announces Leadership Change and Strategic Project Updates

Usha Resources Ltd. announced the resignation of Navin Kumar Varshney as a Director, acknowledging his significant contributions since co-founding the company in 2018. Varshney played a crucial role in advancing the White Willow Lithium-Tantalum Project and other key acquisitions. Despite his resignation, he will continue to advise the company. Additionally, Usha is proceeding with the sale of 489 mineral claims from the White Willow project to Totec Resources Ltd., while retaining ownership of other properties within the project. The company also decided to advance the Jackpot Lake property independently, following the expiration of a proposed sale agreement with Stardust Power Inc.

Usha Resources Completes Acquisition of Rubidium Ridge Property

Usha Resources Ltd. has completed the acquisition of a 100% interest in the Rubidium Ridge Property in Ontario by issuing 400,000 common shares to the vendors. This acquisition enhances Usha’s strategic positioning in the mineral exploration industry, particularly in the development of critical metal properties, and potentially offers significant benefits to stakeholders through increased diversification and expansion potential.