07:35 AM EDT, 03/24/2026 (MT Newswires) -- Usha Resources ( USHAF ) said Tuesday that Panther Minerals ( GLIOF ) has acquired Usha's Rubidium Ridge pegmatite project in Ontario under an earn-in agreement announced in February.

As consideration, Panther paid C$80,000 and issued 4,150,000 shares.

Usha said the property remains subject to a 2.0% net smelter returns royalty. Panther can repurchase 50% of the royalty for $1 million, and holds a right of first refusal to acquire the remaining 50%.

Panther must also pay a $1 million bonus upon delineation of an inferred resource or higher resource classification totaling at least 10 million tonnes at a minimum grade of 1% lithium oxide.