Issued on behalf of Usha Resources Ltd.

The world is on the brink of a critical minerals crisis.

In May 2024, the International Energy Agency (IEA) sounded the alarm on severe shortages of essential minerals for renewable energy and electric vehicles (EVs). [1]

This isn’t just another report.

It’s a wake-up call.

The IEA warned that by 2035, the world will meet only 70% of its copper demand and a mere 50% of its lithium needs.[2] And now it’s not just an EV transition that’s thirsty for critical minerals—Artificial Intelligence (AI) demands even more.[3]

The stakes couldn’t be higher.

Copper, the backbone of EV motors and renewable energy infrastructure, has seen prices skyrocket past $10,000 per ton.[4] With its critical connection to AI and data centers,[5] copper demand could surge an additional one million metric tons by 2030 as the current copper market deficit rises to above 100,000 tons next year.[6]

Lithium, the lifeblood of EV batteries, is on track for a 40X demand increase by 2040.[7] But current supply chains are woefully unprepared, meeting only half of required supply by 2035.[8]

While this high-stakes scenario surges into place, USHA Resources Ltd. (TSXV: USHA) (OTCQB: USHAF) has strategically positioned itself at the center.

With its recent acquisition of the Southern Arm copper project and its ongoing development of the White Willow lithium project, USHA has the assets that market needs to help bridge these critical supply gaps and drive the green energy revolution forward.

Key Facts and Figures

Copper:

Demand Surge: In order to meet ambitious net zero targets by 2034, annual copper demand may need to double to 50 million tons.[9]
Supply Shortfall: By 2035, existing and announced copper projects will meet only 70% of the projected demand, indicating a significant supply gap.[10]
Critical Mineral: Copper is essential for all major clean energy technologies, including EVs, solar PV, wind, and electricity networks.
Price Trends: Copper prices have risen significantly due to fears of shortages, with prices reaching above $10,000 per ton.[11]

Lithium:

Explosive Demand: Lithium demand is expected to increase as much as 42-fold by 2040,[12] driven primarily by the needs of EV batteries.
Supply Challenges: Expected lithium supply from existing and announced projects will meet only 50% of the requirements by 2035, highlighting a critical supply gap.[13]
Market Value Growth: The lithium market is projected to expand significantly, reaching a market value of USD 230 billion by 2040.

Top 7 Highlights of USHA Resources Ltd. (TSXV: USHA) (OTCQB: USHAF)

Diverse Asset Portfolio: USHA Resources holds a range of high-potential battery metal projects, including both lithium and copper assets. This diversity positions them well to meet the growing demand for critical minerals.

Jackpot Lake Sale: USHA has executed an LOI to sell its Jackpot Lake lithium asset to Stardust Power Inc. for up to US$26 million. This sale boosts USHA’s financial strength, allowing for further investment in other key projects.

Southern Arm Copper Project: The acquisition of the Southern Arm copper project in Quebec’s Abitibi Greenstone Belt underscores USHA’s focus on copper. This area is rich in mineral deposits, offering great potential for copper, gold, and zinc.

Strong Financial Position: Proceeds from the Jackpot Lake sale enhance USHA’s financial stability, providing the resources needed to advance their top projects.

Experienced Leadership: USHA’s management team has extensive experience in mineral acquisition and exploration, driving the company’s growth and project success.

Prime Locations: USHA’s projects are in geologically rich and mining-friendly regions, such as the Abitibi Greenstone Belt. This supports successful exploration and development.

Shareholder Value: USHA is committed to acquiring undervalued assets, developing them, and creating significant value for shareholders. Their strategic moves, like the Jackpot Lake sale and Southern Arm acquisition, demonstrate this focus.

In a world where the green energy transition is no longer optional but imperative, USHA Resources Ltd. stands ready to supply the essential metals needed to power this new era.

Case Study: USHA’s 13-Bagger Win

USHA Resources Ltd. (TSXV: USHA) (OTCQB: USHAF) is focused on developing high-potential battery metal projects in mining-friendly jurisdictions, especially copper and lithium.

Their strategy has always been to find and advance early-stage projects with significant upside potential, develop them and increase their value, then find a suitor at a major profit, and repeat the cycle again.

A perfect example is when USHA’s LOI to sell its Jackpot Lake lithium asset to Stardust Power Inc. for up to US$26 million. It was an asset they picked up in 2022 for just C$950,000 in USHA stock, and a one-time C$75,000 cash payment.[14]

Over that stretch, USHA completed its commitment of C$1M in development, and roughly C$500k more, for a grand total of ~US$1.835M spent, that equates to a return-on-investment (ROI) of US$24.17M or 1,317% on the full earn-in—that’s 13X the original investment!

Shrewdly, they also get to keep 10% and a 2% royalty on top after being paid out the US$26M.

This transaction shows how quickly USHA can create significant value and seize market opportunities. The funds from this sale will boost USHA’s financial strength, enabling them to invest in other high-priority projects.

Strategic Acquisition: USHA’s Big Copper Move

Less than a month later, USHA Resources Ltd. (TSXV: USHA) (OTCQB: USHAF) acquired the Southern Arm copper project from Abitibi Metals Corp.

This strategic move marks USHA’s shift towards copper. The deal includes 2.5 million shares upfront, another 2.5 million shares next year, and a C$2 million work commitment to ensure focused development of this promising asset.

The Southern Arm project is in Quebec’s Abitibi Greenstone Belt, known for its rich mineral deposits. This project has great potential for significant copper, gold, and zinc mineralization.

Looking ahead, USHA’s approach is straightforward: acquire undervalued assets, develop them to their full potential, and create value for shareholders.

Now with the Southern Arm project and the ongoing development of the White Willow lithium project, USHA is well-positioned to play a key role in the green energy revolution.

Southern Arm Copper Project: The Hot Prospect

The Southern Arm copper project is set to be a game-changer for USHA Resources Ltd. (TSXV: USHA) (OTCQB: USHAF).

Located in Quebec’s mineral-rich Abitibi Greenstone Belt, this project spans +42km² of highly promising ground. The Abitibi region is famous for its rich mineral deposits and mining-friendly environment, making it perfect for exploration.

Just 16kms from the B26 deposit[15] and 15kms from the Fenelon Gold Project,[16] the Southern Arm project is right next to some of the region’s top mineral deposits. The B26 deposit has substantial resources of copper, zinc, gold, and silver, while the nearby Beschefer property has shown significant gold potential.[17]

This proximity highlights the immense promise of the Southern Arm property.

The geology of the Southern Arm project is ideal for finding valuable minerals. Early drill logs have shown promising signs of copper, gold, and zinc, indicating substantial potential for high-grade discoveries.

USHA’s plans for the Southern Arm project are bold and clear. They will start with surveys and sampling to identify the best areas for metal deposits. This approach will guide their drilling efforts to unlock the property’s full potential.

The Southern Arm copper project is a key addition to USHA’s portfolio. With its prime location, favorable geology, and immense potential, it is poised to become a major asset for the company.

This project underscores USHA’s commitment to acquiring and developing high-value assets that deliver significant returns for shareholders and drive a sustainable future.

What makes this acquisition even more promising is the involvement of Abitibi Metals Corp. The deal includes Abitibi’s technical team advising USHA on exploration strategy.

Abitibi’s recent wins with the B26 deposit and Beschefer property highlight their knack for turning promising projects into big successes. Pairing USHA’s stellar asset management with Abitibi’s expertise forms an unbeatable partnership.

White Willow Lithium Project: Sustaining the Lithium Supply

The White Willow lithium project is a standout asset for USHA Resources Ltd. (TSXV: USHA) (OTCQB: USHAF), with the kind of potential that could make it poised to significantly boost lithium supply.

Situated in Ontario’s Thunder Bay Mining Division, White Willow covers over 15,680 hectares. This area is near other major lithium projects, highlighting the region’s rich lithium potential.

Access to White Willow is top-notch. Highway 11 runs right by, there are plenty of logging roads, and a main power transmission line cuts through the property.

It’s a project that’s still largely untapped. There are over 75 spots where valuable minerals have been found, but most haven’t been sampled yet. These spots contain promising minerals like red and orange garnets and green apatite.

White Willow has a rich mix of important elements like lithium, cesium, and tantalum (LCT). The property features two major LCT-pegmatite veins, including one called the “Maple Leaf Showing,” which has high levels of lithium and tantalum.

One of these veins is about 50 meters wide and stretches for 350 meters. The area around it has large mineral formations, indicating high potential.

USHA’s plans for White Willow are ambitious. They’ll continue extensive fieldwork, including surveys, sampling, and targeted drilling. This approach aims to uncover the property’s full potential and advance it towards production.

White Willow isn’t just another lithium project; it’s a vital part of USHA’s vision for a sustainable future. With its significant lithium resources, it complements the Southern Arm project, making USHA a major player in the battery metals market.

USHA’s proven track record in managing assets, combined with strategic acquisitions, positions them perfectly to capitalize on the booming lithium demand. White Willow stands as proof of USHA’s commitment to creating value for shareholders and supporting the green energy revolution.

Experienced Leadership: Driving USHA’s Success

USHA Resources Ltd. (TSXV: USHA) (OTCQB: USHAF) is led by a dynamic and seasoned management team, ensuring the company’s continued growth and strategic success, including:

Deepak Varshney, CEO & Director

Deepak Varshney is a professional geologist with over 15 years of experience in the capital markets and mineral exploration and development sector. He has developed long-standing relationships with an extensive network of high net worth retail investors, brokers, and private equity group, and has personally raised over 40 million in the past three years. He is and has been senior management and a director of multiple publicly traded issuers and holds a Bachelor of Science in Earth Sciences from Simon Fraser University.

Navin Varshney, Director

Navin Varshney has had a four-decade career in the capital markets and mineral exploration and development sector where he has acted as president, CEO (chief executive officer) and CFO (chief financial officer) of multiple Toronto Stock Exchange-listed issuers and served on many public company boards. He brings significant experience specializing in developing, structuring and financing venture capital companies, specifically in the mining and technology sectors, with over $30-million raised in the past decade in his public and private ventures.

Adrian Smith, Geologist

Adrian Smith, P.Geo., B.Sc., has worked as a professional geologist for over fifteen years with experience working in the Mining and Exploration industries. Mr. Smith began working for Exploration Companies as an Underground Mine Geologist in the Shasta Gold-Silver Mine in Northern BC. He then began work for North American Tungsten Corp. at the Cantung Mine in the Northwest Territories where he was involved in successfully identifying, modeling, and producing ore in addition to known reserves. Since then Mr. Smith has taken his mining and exploration experience from underground and applied it to exploration projects across Canada and the United States. Currently Mr. Smith is CEO of First Atlantic Nickel Corp.

Dave Ellett, Director

Dave Ellett, a former NHL defenseman, transitioned to business after his sports career. He co-founded ProIce Management and has been involved in automotive dealerships and CHL franchises. Ellett brings valuable experience in logistics, fundraising, and project acquisition to USHA.

Leif Smither, Director

Smither has over 30 years of experience in mineral exploration as an investor, officer, and director of multiple public companies. His technical and management skills, along with his experience in corporate development and financing, are valuable to USHA.

Andrew Tims, Technical Advisor

Tims is a registered professional geologist with over 30 years of experience in exploration. He has developed resources from small initial findings to significant commercial deposits. Tims’ expertise covers various commodities and regions, making him a key asset for USHA.

Mike Rosko, Technical Advisor

Rosko is a professional geologist with extensive experience in lithium brine projects. He has worked on several Tier 1 lithium projects in the Americas. Rosko’s deep knowledge of lithium exploration is crucial for USHA’s strategic plans.

This experienced leadership team drives USHA’s strategic vision and operational success. Their combined expertise ensures USHA is well-positioned to capitalize on the growing demand for battery metals and achieve significant milestones in the green energy sector.

USHA’s Roadmap for Success

USHA Resources Ltd. (TSXV: USHA) (OTCQB: USHAF) has a proven track record of success. Their strategic acquisition and development history, highlighted by the lucrative sale of the Jackpot asset, speaks volumes.

Their assets are in prime locations, situated in geologically favorable and mining-friendly regions. This strategic positioning ensures they can maximize the potential of each project.

USHA’s growth potential is immense. Both the Southern Arm copper project and the White Willow lithium project offer significant exploration upside. These projects are key to USHA’s future success.

The market demand for copper and lithium is surging. USHA is perfectly positioned to benefit from this, with assets that meet the growing needs of the green energy and electric vehicle (EV) markets.

USHA is led by an experienced leadership team with a proven track record in mining and resource development. Their expertise guides the company’s strategic decisions and ensures successful project execution.

Financial stability is a cornerstone of USHA’s strategy. The company is well-funded, ready to execute on its exploration and development plans without financial strain.

USHA is also committed to sustainability. They focus on environmentally responsible mining practices and engaging with the communities where they operate. This commitment to sustainability is key to their long-term success.

Recap: Top 7 Highlights of USHA Resources Ltd. (TSXV: USHA) (OTCQB: USHAF)

Diverse Assets: USHA Resources has a range of promising battery metal projects, including lithium and copper, to meet rising demand.

Jackpot Lake Sale: The Company has executed an LOI to sell the Jackpot Lake lithium asset for up to US$26 million, boosting financial strength for other projects.

Southern Arm Copper Project: Newly acquired the Southern Arm copper project in Quebec’s Abitibi Greenstone Belt, rich in copper, gold, and zinc.

Financial Stability: Proceeds from the Jackpot Lake sale enhance USHA’s ability to fund key projects.

Expert Leadership: USHA’s management team has deep experience in mineral acquisition and exploration, driving growth and success.

Prime Locations: Projects are in geologically rich and mining-friendly regions, supporting successful development.
Shareholder Focus: Committed to acquiring undervalued assets and creating significant value for shareholders through strategic moves.

The Future of Battery Metals with USHA Resources

USHA Resources Ltd. (TSXV: USHA) (OTCQB: USHAF) is committed to becoming a leading provider of essential battery metals. Their vision is clear: to drive the green energy transition and meet the surging demand for copper and lithium.

USHA’s strategic acquisitions, proven track record, and expert leadership position them perfectly to capitalize on the booming battery metals market.

Consider following USHA’s journey. Stay informed about their advancements and see how they contribute to the green energy revolution. With a focus on sustainability, growth, and creating significant value, USHA Resources is at the forefront of the future of energy.

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SOURCES CITED:

[1] https://www.iea.org/reports/global-critical-minerals-outlook-2024

[2] https://www.axios.com/2024/05/17/mining-critical-minerals-report

[3] https://www.politico.com/newsletters/california-climate/2024/05/07/move-over-evs-ai-needs-critical-minerals-00156725

[4] https://www.mining.com/web/copper-price-above-10000-as-supply-worries-counter-faltering-demand/

[5] https://www.visualcapitalist.com/sp/copper-the-critical-mineral-powering-data-centers/

[6] https://www.reuters.com/markets/commodities/ai-could-add-1-million-tons-copper-demand-by-2030-says-trafigura-2024-04-08/

[7] https://www.iea.org/reports/the-role-of-critical-minerals-in-clean-energy-transitions/mineral-requirements-for-clean-energy-transitions

[8] https://www.axios.com/2024/05/17/mining-critical-minerals-report

[9] https://carboncredits.com/why-copper-prices-are-surging-and-what-to-expect/#:~:text=Renewable%20energy%20technologies%2C%20such%20as,%2C%20inverters%2C%20and%20electrical%20wiring.

[10] https://www.axios.com/2024/05/17/mining-critical-minerals-report

[11] https://fortune.com/2024/05/19/copper-price-outlook-15000-per-ton-crude-oil-ai-green-energy-data-centers/