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Usha Resources gains key approval for Formation Metals spinout
PRESS RELEASE: Paid content from News Direct Corporation
Press release content from News Direct Corporation. The AP news staff was not involved in its creation.January 12, 2023 GMT
Usha Resources CEO Deepak Varshney shared news that the company has obtained the final approval for the previously announced proposed spin-out of its wholly owned-subsidiary Formation Metals Inc. Varshney told Proactive the company would now look to complete closing conditions, including seeking final approval of the arrangement by the TSX Venture Exchange. He also updated on drilling at its Jackpot Lake lithium brine property.
View source version on newsdirect.com: https://newsdirect.com/news/usha-resources-gains-key-approval-for-formation-metals-spinout-907275095