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Usha Resources
(USHA)
Usha Resources (USHA) vs. iShares MSCI Canada ETF (EWC)
Usha Resources Business Overview & Revenue Model
Usha Resources Financial Statement Overview
| 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
Usha Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | C$5.98M | 11.82 | 3.09% | ― | ― | ― | |
51 Neutral | C$6.88M | -17.86 | -40.98% | ― | ― | 79.47% | |
49 Neutral | C$8.24M | -1.44 | -187.84% | ― | ― | 54.89% | |
45 Neutral | C$5.86M | -8.33 | ― | ― | ― | 35.79% | |
25 Underperform | C$3.25M | -0.64 | ― | ― | ― | -57.72% |
Usha Resources Corporate Events
Usha Resources has signed an agreement granting Panther Minerals the right to acquire a 100% interest in its Rubidium Ridge pegmatite project in Ontario. The move marks Usha’s third divestment of a non-core asset in two years and supports its strategy to concentrate on advancing its Southern Arm copper and Jackpot Lake lithium brine projects in 2026.
Under the deal, Panther will provide Usha with $80,000 in cash and 4.15 million Panther shares, while Usha retains a 2% net smelter returns royalty, half of which Panther can buy back for $1 million. Usha is also eligible for a $1 million bonus if Panther defines a qualifying lithium resource, giving Usha ongoing exposure to potential upside while reducing exploration risk and strengthening its balance sheet.
The most recent analyst rating on (TSE:USHA) stock is a Hold with a C$0.08 price target. To see the full list of analyst forecasts on Usha Resources stock, see the TSE:USHA Stock Forecast page.
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 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 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 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 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 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.