Usha Resources Ltd. (V:USHA.P)
Business Focus: Specialty Mining & Metals (NEC)
| Sector: Basic Materials | Industry: Specialty Mining & Metals |
| Company Contact | |
| Address: | #400 - 1681 Chestnut Vancouver BC V6J 4M6 |
| Tel: | N/A |
| Website: | https://www.usharesources.com |
| IR: | See website |
| Key People | ||
| Deepak Varshney Chief Executive Officer, Company Secretary, Director | Khalid Naeem Chief Financial Officer | |
| Business Overview |
| Usha Resources Ltd. is a mineral acquisition and exploration company. It is focused on the development of lithium metal properties that are drill-ready with high-upside and expansion potential. Its portfolio of properties provides target-rich diversification and includes Jackpot Lake, a lithium brine project in Nevada and White Willow, a lithium pegmatite project in Ontario that is the flagship among its portfolio of hard-rock lithium assets. The Jackpot Lake Lithium Brine Property located within Clark County, about 35 kilometers (km) northeast of Las Vegas, Nevada, consists of 140 mineral claims that total 2,800 acres. Spanning 15,680 hectares, the White Willow Lithium-Tantalum Property is situated 170 km west of Thunder Bay. It has the option to acquire a 100% interest in five lithium pegmatite projects located in Ontario: the Lee Lake, Mead, Bluett, Gathering Lake and Triangle Lake projects. It also has the option to acquire a 100% interest in the Abiwin lithium pegmatite property. |
| Financial Overview |
| For the nine months ended 31 December 2023, Usha Resources Ltd revenues was not reported. Net loss increased 64% to C$3.3M. Higher net loss reflects Share-based payments increase from C$279K to C$620K (expense), Professional fees increase of 99% to C$173K (expense), Office and miscellaneous increase of 99% to C$83K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.07. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $3.75M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$4.25M as of Dec 31, 2023 |
| Net annual income (TTM): | -$4.25M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$4.13M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 60,063,108 as of Apr 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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