Usha Resources Announces Corporate Updates

Usha Resources Ltd., a North American mineral acquisition and exploration company, announced the resignation of Navin Kumar Varshney as a director. Varshney, a co-founder, has been pivotal since 2018 in the company's growth as a lithium-focused explorer. He will continue to advise the company.

The company will sell 489 mineral claims from the White Willow project to Totec Resources Ltd., maintaining ownership of four properties in the project. Meanwhile, Usha has decided to retain full control over the Jackpot Lake property, following the expiry of an exclusivity agreement with Stardust Power Inc.

The company remains optimistic about advancing its projects while acknowledging inherent risks in mineral exploration. Usha will proceed with plans to drill Jackpot Lake in FY2026, pending the acquisition of necessary permits.