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Junior Mineral Exploration

Unlocking shareholder value through disciplined portfolio management and targeted asset advancement.

A fully permitted, drill-ready copper-gold VMS target at the Southern Arm Project in Quebec. The Jackpot Lake lithium-brine project in Nevada. Strategic equity positions in Molten Metals, Totec Resources, Panther Minerals, and Formation Metals.

Toronto VentureTSXV: USHA
OTC MarketsOTCQB: USHAF
FrankfurtFSE: JO0
Where We Are

Three exploration projects across three premier mining jurisdictions.

Strategic equity stakes
Plus · Equity Stakes
Strategic Investments
~21.6%
Panther Minerals
Rubidium Ridge (March 2026)
1.3M
Molten Metals
Gathering / Triangle Lake (May 2025)
~15%
Totec Resources
White Willow (January 2026)
4.0M
Formation Metals
Nicobat spin-off (April 2023)

Imagery is illustrative of the regional terrain and conditions in which Usha operates. Not necessarily depicting Usha's specific properties. For share count, capital structure, and financial position, refer to the most recent MD&A on SEDAR+.

Properties

Our Projects: Where Usha is creating value.

Southern Arm regional map Drill-Permitted · Quebec
Cu · Au · VMS

Southern Arm

Brouillan-Fenelon assemblage, Abitibi, Quebec

~4,200 hectares optioned from Abitibi Metals Corp., located along the Bapst regional fault in the calc-alkaline volcanic rocks of the Brouillan-Fenelon assemblage. A ~7.3 km conductive trend defined by historical EM hosts the priority "Hollywood" target with ~1.8 km of open-strike anomaly. IP survey completed March 2026; 3,000 m maiden drill program permitted.

4,200 ha
Property
3,000 m
Permitted Drill
~7.3 km
EM Trend
100%
Earn-In Right
Jackpot Lake regional map Drill-Planned · Nevada
Lithium · Brine

Jackpot Lake

Dry Lake Basin, Clark County, Nevada

442 claims covering 8,714 acres (~3,526 ha) in a lithium-enriched lacustrine evaporite basin ~35 km northeast of Las Vegas. Two historical core holes (JP22-01 and JP22-02) reached 525 m and 549 m respectively, intersecting massive evaporite intervals and sand-conglomerate aquifer horizons. Drilling planned for FY2026 pending permit conditions.

8,714 ac
Land Position
2 holes
Drilled to Date
820 ppm Li
Best Soil Sample
100%
Owned
Ontario pegmatite portfolio map Strategic Equity · Ontario
Lithium · Cesium · Tantalum

Ontario Pegmatite Portfolio

Thunder Bay Mining Division, Ontario

An LCT-type pegmatite portfolio monetized through strategic transactions: Rubidium Ridge acquired by Panther Minerals (March 2026), White Willow sold to Totec Resources via QT (January 2026), Gathering and Triangle Lake sold to Molten Metals (May 2025). Usha retains meaningful equity in each acquirer plus non-core holdings in the belt.

4.5M
Panther Shares
1.3M
Molten Shares
5.5M
Totec Shares
2% NSR
Rubidium Royalty
Catalysts

What we're working toward.

Forward-looking work programs and material milestones disclosed to date. Timing is subject to permitting, financing, and operational conditions.

Completed · Q1 2026
Extended IP survey complete at Southern Arm

Survey designed to refine target locations along the ~7.3 km EM trend ahead of the maiden drill program. Disclosed March 27, 2026.

Permitted · 2026
Southern Arm maiden drill program

3,000 m maiden drill program permitted (Intervention Permit received December 2024). Program execution is subject to financing and operational conditions and has not yet commenced.

Planned · FY2026
Jackpot Lake drill advancement

Continued drill program planning at Jackpot Lake; advancement subject to permit conditions and financing.

Forward-looking information. The above is based on management's current expectations and may be subject to change without notice. Refer to the cautionary statements in the footer.

Leadership

Capital markets and exploration depth.

P.Geo at the helm, with capital-markets and corporate-development experience across the board.

President & CEO · Director
Deepak Varshney
P.Geo. · BSc Earth Sciences, SFU

Fifteen-plus years in capital markets and mineral exploration. Acts as Qualified Person for Usha's Quebec and Ontario disclosures.

Chief Financial Officer
Khalid Naeem
CPA

15+ years in junior mining and oil & gas finance. Oversees treasury, audit and SEDAR+ filing compliance.

Director
Leif Smither
30+ years in exploration

Former Head of Corporate Development at Starfield Resources. Decades of experience in junior mining capital markets.

Director
Dave Ellett
Junior mining management

Former NHL defenseman. Brings logistics and management experience from junior mining operations.

News

Recent material disclosures.

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Investor Relations

Talk to us.

For investor inquiries, partnership discussions, and corporate updates, contact our IR team directly. The corporate deck and most recent filings are available on SEDAR+ and OTC Markets.

Deepak Varshney, P.Geo.
President & CEO
dvarshney@usharesources.com
+1 778-899-1780

Head Office
1245 - 200 Granville Street
Vancouver, BC V6C 1S4
Canada

Symbol (Primary)
USHA
Shares on Issue
~92.0mm
Market Cap
~$5.0mm
Adj. Working Capital
~$2.4mm
Insider Ownership
~60%
Convertible Debt
~$0.5mm