Recharge Resources Ltd (RR) 銘柄情報

Today, RR announced that it has received approval for a drill permit for two additional wells at its Pocitos Lithium Brine Project in Argentina. The drill program aims to enhance the project's Inferred Mineral Resource Estimate of 143,000 tonnes of lithium metal and 760,000 tonnes of LCE.
https://recharge-resources.com/news/recharge-resources-issued-drill-permit-for-pocitos-two-drill-program-to-further-define-its-ni-43-101-inferred-mineral-resource-estimate-of-143000-tonnes-lithium-metal-760000-tonnes-lithium-carbonate/

RR has announced an Inferred MRE for its Pocitos Lithium Brine Project in Argentina, estimating 143,000 tonnes of lithium metal or 760,000 tonnes of lithium carbonate equivalent. The estimate suggests a 38-year mine life at a 100% recovery assumption.

At a lithium price of USD $16,573/tonne, the annual revenue is estimated at USD$338 million..
https://recharge-resources.com/news/pocitos-lithium-ni-43-101-inferred-mineral-resource-estimated-at-143000-tonnes-lithium-metal-760000-tonnes-lithium-carbonate-equivalent/

Good write up here on RECHF’s news today that the Pocitos One Lithium Brine Project MRE, which contains info & estimates on the next milestones of drilling, a production well, and a 20k tonne Ekosolve plant, has been received and is currently being reviewed.

https://www.reddit.com/r/PennyStocksCanada/comments/18ij3jf/recharge_resources_ltd_rrc_rechf_advances_toward/

Compelling release from RR today regarding its adoption of an ESG policy ahead of the NI 43-101 resource estimate: https://recharge-resources.com/news/recharge-resources-adopts-esg-policy-ahead-of-ni-43-101-resource-estimate/

Recommend checking out this write up on RECHF and the recent updates they provided on the Pocitos One Lithium Brine Project.

https://www.reddit.com/r/PennyStocksCanada/comments/18d5old/recharge_resources_ltd_rrc_rechf_provides_updates/

RR has provided the first draft of its inaugural NI 43-101 Mineral Resource Estimate: https://recharge-resources.com/news/recharge-ni-43-101-mineral-resource-estimate-at-pocitos-1-lithium-brine-project-near-completion/

Pushing toward commercial production, this junior seems poised for substantial growth with a range of upcoming milestones at its lithium project: https://www.reddit.com/r/Investments/comments/1828vd6/recharge_resources_rrc_rechf_appoints_philip/

Recommend checking out this post on the increasing lithium demand and the recent updates from RECHF’s Pocitos Project.

https://www.reddit.com/r/PennyStocksWatch/comments/18auo5u/recharge_resources_ltd_rrc_rechf_focusing_on/

Despite the drop in prices, lithium's long-term fundamentals remain strong & on track for a range of catalysts, this junior is looking like one for the watchlist as it pushes toward commercial production: https://www.reddit.com/r/Investments/comments/1828vd6/recharge_resources_rrc_rechf_appoints_philip/

The global lithium-ion battery market is projected to grow at a 19% CAGR from 2023 to 2035, reaching a revenue of USD 479 billion by 2035 according to Research Nester.
https://www.researchnester.com/reports/lithium-ion-battery-market/1313

This post on RR.c highlights how the explorer has made several milestone completion date targets. RR will be making a lot of progress in 2024 at their flagship project if they can stick to this schedule, including completing the MRE and strategic financing for processing plant construction before the end of February.
https://www.reddit.com/r/LithiumSqueeze/comments/186cd5g/phillip_thomas_takes_the_helm_as_coo_at_recharge/

Lithium jr RR has appointed a new and highly experienced COO. Considering all the milestone-based stock incentives they have made for him this move could really help to progress RR's flagship Pocitos 1 Li project
https://recharge-resources.com/news/recharge-resources-appoints-phillip-thomas-as-director-and-chief-operating-officer-to-lead-the-company-in-its-push-toward-commercial-production-at-the-pocitos-lithium-brine-project/

With a range of incoming catalysts as it pushes toward commercial production, this lithium junior is one for the watchlist as it's already achieved 94.92% extraction of lithium and produced 99.89% purity lithium carbonate at its flagship: https://www.reddit.com/r/Investments/comments/1828vd6/recharge_resources_rrc_rechf_appoints_philip/

RR appointed Philip Thomas as Director and COO to lead the push toward commercial production at Pocitos: https://recharge-resources.com/news/recharge-resources-appoints-phillip-thomas-as-director-and-chief-operating-officer-to-lead-the-company-in-its-push-toward-commercial-production-at-the-pocitos-lithium-brine-project/

To better focus on its Pocitos 1 Lithium Brine Project in Argentina, it is optioning out its Pinchi Lake Nickel Project for over $5M and 835,000 shares in Ranchero Gold Corp.
https://recharge-resources.com/news/recharge-resources-options-pinchi-lake-nickel-project-for-5-025-million-to-ranchero-gold-and-welcomes-mr-bradley-dixon-to-the-board-of-directors/

With the optioning of one of its projects, RR will be focusing the entirety of its resources and efforts on the Pocitos One Lithium Project and the establishment of a 20,000 tonne per year Ekosolve Direct Lithium Extraction plant: https://recharge-resources.com/news/recharge-resources-options-pinchi-lake-nickel-project-for-5-025-million-to-ranchero-gold-and-welcomes-mr-bradley-dixon-to-the-board-of-directors/

Interesting article on how Gerardo Del Real from Digest Publishing sees the current lithium dip as an opportune moment for those who missed the initial run in the lithium market to gain exposure.
https://investingnews.com/gerardo-del-real-resource-market-forecast/

News from Recharge Resources (RR.c RECHF) today with the completion of the Pocitos 1 Lithium Brine Project data acquisition for the upcoming NI 43-101 Resource Estimate. With an upcoming 3-hole drill program to further expand the maiden resource, this could be one for the watchlist: https://recharge-resources.com/news/recharge-completes-data-acquisition-of-pocitos-1-lithium-brine-project-for-ni-43-101-resource-estimate/

ExxonMobil announced a strategic pivot with its plan to begin producing lithium, emphasizing the strength surrounding lithiums long-term outlook: https://www.ft.com/content/03094aeb-ac3e-4634-bf6f-22579f74faa0

Driven by the demand for electric vehicles, a market expected to reach $35 trillion by 2035, this small cap is definitely worth checking out given it recently delivered 99.89% grade lithium carbonate & expanded its production plan: https://www.reddit.com/r/wallstreetbets2/comments/17geozr/production_well_and_resource_expansion_well/

RR's neighbour Rock Tech has secured a 5-year partnership with Mercedes-Benz, valued at 1.5 Billion Euros. RR's MC is $12.6M while Rock Tech's about 10x that.
https://recharge-resources.com/news/recharge-completes-reconnaissance-program-at-georgia-lake-north-lithium-project-with-drilling-and-resource-estimate-pending-at-pocitos-1/

"Demand is absolutely there," said Pilbara CEO Dale Henderson. "It's just a case of moderating pricing. It's still a very healthy market."

Despite growing headwinds, lithium producers are remaining bullish on electric vehicles as, while the spot price has decreased, there has not been an "evaporating of demand which would validate the trajectory of the spot price". As the market volatility is expected to be short-term, electrification is expected to keep growing in the long run: https://www.reuters.com/markets/commodities/lithium-producers-stay-bullish-evs-despite-growing-headwinds-2023-11-02/

Recharge is dedicated to adopting eco-conscious #lithium extraction methods that are both cost-effective and timely.

We are in agreement to build a 20,000 tonne lithium extraction plant with revolutionary Ekosolve™ Technology at Pocitos.

WATCH 👇 https://t.co/o8GFNBV7rD$RR.c— RECHARGE RESOURCES (CSE: RR.c)(OTC: RECHF) (@RechargeRes) October 27, 2023

"The full additional supply we will need to meet lithium demand is currently 46% higher than we could supply"
With 350 million EVs expected to be sold globally by 2030, meeting the demand for lithium to power them is expected to be a global challenge. This has created a robust market dependent on advances in lithium extraction technology and new sources to come online.
https://www.visualcapitalist.com/sp/tomorrows-lithium-demands/

Came across this post when looking into lithium jrs. Looks like RR.c has some good upcoming catalysts as they just announced drilling plans at their flagship project
https://www.reddit.com/r/LithiumSqueeze/comments/17frjdq/recharge_resources_rrc_announces_pocitos_1/

Breakdown of RR's latest announcement on its plan to drill 3 additional holes focused on resource expansion, resource confidence and production readiness: https://www.reddit.com/r/wallstreetbets2/comments/17geozr/production_well_and_resource_expansion_well/

Milestone for RR.c today with them announcing drilling plans for their flagship lithium project https://recharge-resources.com/news/recharge-production-well-and-resource-expansion-well-drilling-plan-at-the-pocitos-1-lithium-brine-project/

Exciting news for lithium jr RR.c. Their subsidiary delivered 99.99% pure Lithium Carbonate from RR's Pocitos 1 Lithium Brine Project. Considering that this exceeds battery-grade standards, this is a game-changer
https://finance.yahoo.com/news/ekosolve-delivers-99-89-grade-070617844.html

$RR.C @RechargeRes Has had some face melting rallies in the past and chart is firming up on some volume again. High watch 👀

Recent news too "Ekosolve Delivers 99.89% Grade #Lithium Carbonate from Recharge Pocitos 1 Lithium Brine Project" pic.twitter.com/at9EVqUOlu— All Streets Wolf 📈 (@AllStreetsWolf) October 18, 2023

The initial reconnaissance prospecting program at RR's Georgia Lake North Lithium Project was completed! https://recharge-resources.com/news/recharge-completes-reconnaissance-program-at-georgia-lake-north-lithium-project-with-drilling-and-resource-estimate-pending-at-pocitos-1/

"Achieving an impressive 99.99% purity in Lithium Carbonate is huge.. This achievement signifies a promising future for the Pocitos 1 Lithium project"
https://recharge-resources.com/news/ekosolve-delivers-99-89-grade-lithium-carbonate-from-recharge-pocitos-1-lithium-brine-project/

RECHF: Effective Aug. 18,2023 a one for 2 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

Webull has had the trading closed due to "a corporate action" for a month now. Anyone got any news as to when this will be updated?

Got flyer in snail mail. Streetlight was paid 25,000 and 2,083,333 shares.

Lucy! Is looking promising!!

SPEY RESOURCES CORP. ANNOUNCES OPTION AGREEMENT WITH
RECHARGE RESOURCES CORP. FOR POCITOS 2
PROJECT GlobeNewswire February 27, 2023
Vancouver, British
Columbia, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Spey Resources
Corp. (CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) ("Spey" or the
"Company") is pleased to announce that it has entered into
an option agreement ("Agreement") with Recharge Resources
Corp. ("Recharge Resources") pursuant to which Recharge
Resources may acquire a 100% interest in the Company's
Pocitos 2 Project, a 532 hectare lithium brine project
located just outside of Salta, Argentina (the
"Option").

Under the terms of the
Agreement, Recharge Resources may exercise the Option by:
(1) paying the Company US$744,800 on or before June 30, 2023
and (2) issuing to the Company $500,000 worth of common
shares in the capital of Recharge Resources within seven (7)
business days following February 21, 2023 (the "Effective
Date").

In addition, Recharge Resources, in
the event the Option is exercised, is obligated to pay to
the Company an additional $500,000, in cash or common shares
in the capital of Recharge Resources, within
â??â??eighteen (18) months following the Effective
Date.

Upon the satisfaction of all payments
and expenditures, and the exercise of the Option in full, a
royalty of 7.5% of the FOB price of lithium carbonate or
other lithium compounds sold on the Pocitos 2 Project shall
remain payable pursuant to an underlying agreement.


All the common shares issued under the
Agreement will be subject to a four month hold period under
applicable Canadian securities laws.

About
Spey Resources Corp.
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00044983

Hugo Kotar
Advisory

Mr. Kotar is a co-founder of International Battery Metals Ltd. (IBAT – CSE) (formerly Rheingold Resources RGE – CSE) that has boasted a $900+ Million market cap value focused on lithium exploration and extraction.

Mr. Kotar is a managing partner of KP Capital and has over 23 years of Capital Markets experience. A former Vice President of Canaccord and PI Financial, Mr. Kotar has raised over $25 million for growth companies and more recently was appointed director of corporate finance of battery metals company METL Mining Ltd. Hugo holds a BA in Economics from McGill University.

https://recharge-resources.com/corporate/


https://recharge-resources.com/docs/20230105-Ekosolve-presentation.pdf

Uncovering Lithium's Potential: Exploring Green Energy with Recharge Resources (CNSX:RR)

91 views Dec 12, 2022 #mineral #BatteryMetals
Recharge Resources is a Canadian #mineral exploration company focused on exploring and developing the production of high-value #BatteryMetals.

. CSE: $RR.c | OTC: $RECHF | FSE: SL50

. Follow Us on Twitter: https://twitter.com/RechargeRes
. Join us on LinkedIn: https://www.linkedin.com/company/rech...
. Subscribe for Updates: https://bit.ly/3Hpfyd4

Recharge Resources
119 followers
2w • 2 weeks ago

NEWS | Recharge (CSE: RR) (OTC: RECHF) (FSE: SL50) announce the Pocitos 1 drill hole has flowed for a 2-week period and assayed at an average of 161 PPM lithium showing consistent flow and grade of lithium content from the target aquifers.

Video in link
Read news release > https://bit.ly/3Dpr5pS
https://www.linkedin.com/feed/update/urn:li:activity:7026210331894960128/

RECHARGE RESOURCES’ POCITOS 1 LITHIUM BRINE PROJECT FLOWS FOR 2 WEEKS AVERAGING 161 PPM LITHIUM
Fig. 4 Phillip Thomas visited the property to view the core between January 15th-22nd 2023.

Five litres of brine were collected to be sent to University of Melbourne for testing to ascertain the recovery that has been as high as 97% using the EkoSolve™ processing system. These were especially prepared for transit.
https://www.globenewswire.com/en/news-release/2023/01/31/2598095/0/en/RECHARGE-RESOURCES-POCITOS-1-LITHIUM-BRINE-PROJECT-FLOWS-FOR-2-WEEKS-AVERAGING-161-PPM-LITHIUM.html?utm_source=linkedin&utm_medium=social&utm_campaign=rr:-news-release&utm_content=ap_yyacgx5j7b

RECHARGE RESOURCES’ 2023 DRILLING CAMPAIGN AT POCITOS 1 LITHIUM BRINE PROJECT PLANS ANOTHER MILESTONE UNDER OFFTAKE LOI TO SUPPLY UP TO 20,000 TONNES PER YEAR OF LITHIUM CARBONATE EQUIVALENT
Vancouver, BC – February 6, 2023 – Recharge Resources Ltd. (“Recharge” or the “Company”)
(RR: CSE) (RECHF: OTC) (SL50: Frankfurt) announces the Company has applied to Argentina’s Department of Mines for Recharge to drill a fourth hole after the success of the now three previous holes hitting the targeted lithium bearing brine aquifers at its “Pocitos 1” Lithium Brine project in Salta, Argentina.

https://recharge-resources.com/news/

Looks good everyone! I knew it was close!

News….. 3:01a ET 1/27/2023 - Globe Newswire
PARADIGM DRILLERS ARRIVE AT BRUSSELS CREEK FOR DRILL PROGRAM WITH DATA ANALYSIS ONGOING AT POCITOS 1 LITHIUM AND GEORGIA LAKE LITHIUM PROJECTS
GlobeNewswireJanuary 27, 2023
Vancouver, BC, Jan. 27, 2023 (GLOBE NEWSWIRE) -- Recharge Resources Ltd. ("Recharge") (RR: CSE) (RECHF: OTC) (SL50: Frankfurt) announced that Paradigm drillers arrived on site today for the Company's fully-funded winter drill program at Recharge's 100% owned Brussels Creek Gold-Copper-Palladium Project in Kamloops, BC, Canada.


Paradigm Drilling delivered the skid mount, Boyles 25 model drill rig to the staging area near the Brussels Creek Property with drilling about to commence to complete 900 meters of NQ size core drilling in 3 holes. Of these 900 meters, hole collar angles will be between -50 and -90 degrees, and borehole depths will not exceed 350 meters.

The aim of the 900-meter NQ drill program is to test the potential for copper-gold mineralization similar to that present at the adjacent New Afton Mine owned by New Gold Inc. NGD.V ($1.11 billion market capitalization). The New Afton Mine occupies the site of the historic Afton Open Pit Mine, which operated from 1977 to 1997. The present mine and concentrator facility commenced production in July 2012. The mine is a block caving operation. In 2021, the mine produced 52,542 oz Au and 61,700,000 lbs Cu.

The Company is currently awaiting weather conditions to improve for access purposes in order to commence drilling.





Figure 1. Proposed Drill Locations at Brussels Creek



Click here to view Figure 1. Figure 2 Cut.png

Figure 2. Porphyry-style Alteration Interpretation from Hyperspectral Study



Click here to view Figure 2









Figure 3. Drills on site at Brussels Creek



Click here to view Figure 3.

Figure 4. Drills on site at Brussels Creek



Click here to view Figure 4



CEO, David Greenway, summarized, "While data compilation is underway at Georgia Lake Lithium and the Company awaits additional data from Pocitos 1, we are pushing forward on all fronts with drills now on site at the Brussels Creek Copper-Palladium-Gold Project. We thank Mr. Shearer and all those involved in the consultation and drill planning process. Recharge is committed to sustainable exploration and mining practices. This is a pivotal time for the Brussels Creek Project in BC, and we look forward to the upcoming drill program."

Brussels Creek Project

The BC property is an early-stage exploration property, located approximately 24 kilometres west of Kamloops, and is immediately adjacent to New Gold's New Afton Mine. The property has 17 claims (66 cells) covering 1,350.43 hectares. The geological setting of the property is very similar to New Afton, a silica-saturated copper-gold alkalic porphyry-style deposit, as well as the Highland Valley, Mount Polly, Kemess and Galore Creek deposits. Recent field observations noted the presence of a substantial mineralized quartz-feldspar porphyry body intruding the overlying Nicola group volcanics. Historic sampling and mapping on the property, in 1983 and 1984, located a broad anomalous zone (200 metres by 400 metres) with gold values up to 3.5 grams per tonne. Grab samples taken from the property in 2019 include values of 10.1 g/t Au (with 0.7 g/t palladium) and 11.5 g/t Au.

Brussels Creek Web Page:https://recharge-resources.com/projects/brussels-creek/

Recharge's management cautions that past results or discoveries on properties in proximity to Recharge may not necessarily be indicative of the presence of mineralization on the company's properties.

Qualified Person

Johan T Shearer, P. Geo., Consulting Geologist, is the qualified person as defined by NI 43-101 responsible for the technical content of this release, and consents to its release.

Marketing Agreement

Further, the Company has engaged TD Media LLC dba Life Water Media LLC, of Houston, Texas ("TD Media"). The services to be provided by TD Media include digital media, marketing strategies, advertising, and awareness campaigns. The engagement of TD Media will extend for a period of six months, commencing on January 23, 2023, for a fee of US$350,000. Neither TD Media nor any of its principals currently own any interest, directly or indirectly, in the Company.

About Recharge Resources

Recharge Resources is a Canadian mineral exploration company focused on exploring and developing the production of high-value battery metals to create green, renewable energy to meet the demands of the advancing electric vehicle and fuel cell vehicle market.

All stakeholders are encouraged to follow the company on its social media profiles on LinkedIn, Twitter, Facebook and Instagram.

On Behalf of the Board of Directors,

"David Greenway"

David Greenway, CEO.

For further information, please contact:

Recharge Resources Ltd.

Joel Warawa

Phone: 778-588-5473

E-Mail: info@recharge-resources.com

Website: recharge-resources.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding Recharge's intention to continue to identify potential transactions and make certain corporate changes and applications. Forward looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits Recharge will obtain from them. These forward-looking statements reflect managements' current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including Recharge's results of exploration or review of properties that Recharge does acquire. These forward-looking statements are made as of the date of this news release and Recharge assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.




Primary Logo

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COMTEX_423394277/2010/2023-01-27T03:01:00

VANCOUVER, British Columbia, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL5: Frankfurt) is pleased to announce the completion of DDH1 that intercepted the targeted brine aquifers and sampled 169 ppm lithium and flow rates similar to what was previously observed under its own pressure, constrained by a valve to preserve the well. The brines flowed for 10 days. The drill hole also intercepted gas (tested to have minor amounts of carbon dioxide) in a porous lithological unit that accelerated the brine flow.



Dec, 2022 Drilling at Pocitos 1

Fig 1. Dec, 2022 Drilling at Pocitos 1
2018 Drilling at Pocitos 1

Fig 2. 2018 Drilling at Pocitos 1
2018 Drilling at Pocitos 1



Fig 3. 2018 Drilling at Pocitos 1
The measured lithium content sampled in this recent 2022 drilling exceeded that of the measured lithium content of the 2018 discovery wells. This is another planned milestone in the Company’s endeavour to build up to a 20,000 tonne lithium extraction plant at Pocitos 1 Project in order to supply Richlink Capital Pty Ltd up to 20,000 tonnes of lithium chloride/carbonate per year as previously announced under letter of intent.

Lithium is selling in the spot market at 477,500 Yuan per tonne or the equivalent of US$70,755 per tonne according to TradingEconomics.com. (January 23rd, 2023)

Chart 1


Analysis completed by SGS del Argentina S.A. Salta Order No: SA22-00392

Collar Location: GK-POSGAR94-WGS84-Zone2
UTM E: 700608.00
UTM N: 7291471.00
Altitude: 3,665M
The brines were tested with a blank (distilled water), two duplicates and one standard at 268ppm Li. Another set of samples has been sent to Alex Stewart for testing by the QP, Phil Thomas. Packer testing for brines commenced at the 252M level, with core showing brines, but no flow was recorded. Significant brine flow was recorded at 342m and again at 363m. This is consistent with previous drilling results. The gas intrusion prohibited the drillers going below 363m as they were not able to get the water return.



DDH1 brine flow with gas being released

Fig 4. DDH1 brine flow with gas being released
Brine flowing from hole after it intersected aquifer


Fig 5. Brine flowing from hole after it intersected aquifer
As previously announced, the basis for the NI 43-101 report is well underway after Mr. Thomas set up the drill program in Argentina when he was there in November 2022 in preparation to measure flow rates and assays to create the anticipated NI43-101 compliant report. Thomas, BSc Geol, FAusIMM MAIG, has spent the past 22 years exploring for lithium brines, including building and operating a pilot plant for production at Rincon Salar (sold to Rio Tinto for US$825 Million) as well as he and his team developed the Pozuelos salar, producing an indicated and inferred resource, from four exploration wells. (recently sold to Ganfeng for US$962 million). Mr. Thomas is independent of the Company and is NOT a shareholder of Recharge Resources.

Five litres of brine were collected to be sent to University of Melbourne for testing to ascertain the recovery that has been as high as 97% using the EkoSolve™ processing system. These were especially prepared for transit.

CEO and Director, David Greenway states, "This is a great result as we have achieved a lithium concentration 40ppm higher than was previously recorded but with substantial brine flow. Our next goal of establishing a NI 43-101 compliant mineral resource, a scoping study of the project and formalizing our offtake agreement for lithium carbonate is getting closer.”

About Pocitos 1 Lithium Brine Project

The Pocitos Project is located approximately 10km from the township of Pocitos where there is gas, electricity, and internet services. Pocitos I is approximately 800 hectares and is accessible by road. Previous exploration teams have spent over USD $1.5 million exploring the project, including surface sampling, trenching, TEM geophysics and drilling two 400m holes that had outstanding brine flow results. Locations for immediate follow up drilling have already been designed and identified for upcoming exploration.

Lithium values of up to 125 ppm from Laboratory analysis conducted by Alex Stewart were recorded by A.I.S. Resources Ltd (“AIS”) during the project’s first drill campaign in May 2018. AIS used a double packer sampling system in HQ Diamond drill holes drilled to a depth of 409 metres. The flow of brine was observed to continue for more than 5 hours. Both drill holes had exceptional brine flow rates. Recharge's plan is to to drill a third production ready drill hole to work towards a NI 43-101 mineral resource calculation.

Qualified Person

Phillip Thomas, BSc Geol, MBusM, FAusIMM, MAIG, MAIMVA, (CMV), a Qualified Person as defined under NI43-101 regulations, has reviewed the technical information that forms the basis for portions of this news release, and has approved the disclosure herein.

Market Awareness

Recharge Resources has retained MIC Market Information & Content Publishing GmbH to facilitate greater awareness of the company's business within German speaking markets for a period of 6 months. As part of the engagement, company will be paid up to €500,000.00.

About Recharge Resources

Recharge Resources is a Canadian mineral exploration company focused on exploring and developing the production of high-value battery metals to create green, renewable energy to meet the demands of the advancing electric vehicle and fuel cell vehicle market.

All Stakeholders are encouraged to follow the company on its social media profiles on LinkedIn, Twitter, Facebook and Instagram.

On Behalf of the Board of Directors,

“David Greenway”

David Greenway, CEO

For further information, please contact:

Recharge Resources Ltd.
Mr. Joel Warawa
Phone: 778-588-5473
E-Mail: info@recharge-resources.com
Website: recharge-resources.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding Recharge’s intention to continue to identify potential transactions and make certain corporate changes and applications. Forward looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits Recharge will obtain from them. These forward-looking statements reflect managements’ current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including Recharge’s results of exploration or review of properties that Recharge does acquire. These forward-looking statements are made as of the date of this news release and Recharge assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.

Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/905ddd3e-7050-4fb1-b8e5-18a9ae53f7a6

https://www.globenewswire.com/NewsRoom/AttachmentNg/68404928-e6d1-4b5f-9c35-9809bf190bd5

https://www.globenewswire.com/NewsRoom/AttachmentNg/21ce075e-1204-4c7b-a104-14a05052d324

https://www.globenewswire.com/NewsRoom/AttachmentNg/910b8da2-738a-4ee9-954e-7f86b7cafb6e

https://www.globenewswire.com/NewsRoom/AttachmentNg/1ae0cbd9-0d55-4149-9331-3cece4d3bd86

https://www.globenewswire.com/NewsRoom/AttachmentNg/53e8f584-5c73-4a2f-8aa9-be43554350ae



Recommended Reading
December 29, 2022 03:01 ET
Source:
Recharge Resources Ltd.
RECHARGE RECEIVES DATASET AND REPORTS FROM AIRBORNE MAG SURVEY AT GEORGIA LAKE LITHIUM PROJECT TO DEMONSTRATE ‘STRUCTURAL CONTINUITY’ FROM NEIGHBOUR ROCK TECH AWAITING INTERPRETATION
Vancouver, BC, Dec. 29, 2022 (GLOBE NEWSWIRE) -- Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL50: Frankfurt) is pleased to announce that Prospectair Geosurveys has...
December 15, 2022 03:01 ET
Source:
Recharge Resources Ltd.
PARADIGM DRILLERS MOBILIZING TO SITE FOR BRUSSELS CREEK DRILLING AS RECHARGE AWAITS RESULTS AT POCITOS 1 LITHIUM AND GEORGIA LAKE LITHIUM PROJECTS
Vancouver, BC, Dec. 15, 2022 (GLOBE NEWSWIRE) -- Recharge Resources Ltd. (“Recharge”) (RR: CSE) (RECHF: OTC) (SL50: Frankfurt) announced today the Company’s fully-funded drill program at Brussels...
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Should be January 38th

Welp, it got cheaper

When are we expecting the results to come out? Low or No volume toughens the liquidity

When are we expecting the results to come out? Low or No volume toughens the liquidity