Recharge Res Ltd. - RECHF STOCK NEWS

Recharge Resources Ltd. announced that lithium brine samples from its 2022 drill program at the Pocitos project have arrived at the Ekosolve™ Testing Facility in Melbourne. The samples, containing 161 ppm lithium, will undergo extraction to produce battery-grade lithium chloride. This study will support scaled-up lithium extraction of 10,000-20,000 tonnes per year, leveraging the Ekosolve™ system, which boasts higher yields and lower costs compared to traditional methods. The study costs USD $34,000 and will take four weeks. Recharge aims to formalize an offtake agreement with Richlink Capital, potentially supplying 20,000 tonnes of lithium chloride annually.

Recharge Resources has initiated an initial reconnaissance prospecting program at its 100% owned Georgia Lake lithium project in Ontario, following a magnetic survey completed in Q4 2022. Set to commence in early spring 2023, the program will last 7-10 days and includes ground truthing and till sampling to assess lithium potential.

Adjacent to Rock Tech Lithium's property, Recharge's 800-hectare site aims to capitalize on rising lithium demand, with prices currently at US$55,167 per tonne. CEO David Greenway emphasized ongoing progress across multiple projects. Furthermore, Natasha Sever has been appointed as the new Corporate Secretary.

Recharge Resources Ltd. has announced an option agreement with Spey Resources Corp. to acquire a 100% interest in the Pocitos 2 Project, a lithium brine project in Argentina. This project spans 532 hectares and is contiguous to Recharge's Pocitos salar operations. Previous sampling revealed high lithium content, with results showing up to 181 PPM lithium, indicating significant potential for resource expansion. The company plans to establish a 20,000-tonne Ekosolve™ lithium extraction plant to produce lithium chloride/carbonate. The lithium market is currently valued at approximately US$70,752 per tonne.

Recharge Resources Ltd. has announced the appointment of Mr. Bill Macdonald to its Advisory Board. Macdonald, a seasoned lawyer with extensive experience in corporate finance, aims to assist Recharge as it navigates capital raising and growth in its portfolio focused on copper, gold, and battery metals. CEO David Greenway highlighted Macdonald's valuable experience with public companies will be crucial for upcoming exploration and development efforts.

Recharge Resources is dedicated to exploring and developing high-value battery metals essential for the growing electric vehicle market.

Recharge Resources Ltd. has applied for a fourth drill hole at its Pocitos 1 Lithium Brine project in Salta, Argentina, following successful results from three previous holes. The next hole is strategically positioned to maximize resource potential based on prior geophysical data. The company is working towards an NI 43-101 compliant report to support future lithium extraction plans, targeting a 20,000-tonne production plant. Lithium prices are currently at $70,752 per tonne. CEO David Greenway emphasizes the project’s growing significance in the lithium supply chain, with recent results showing increased lithium concentration and substantial brine flow.

Recharge Resources Ltd. (RECHF) announced a successful lithium brine flow from its Pocitos 1 drill hole, achieving an average of 161 PPM lithium over two weeks. This exceeds previous 2018 discovery results and supports plans for a 20,000-tonne lithium extraction plant. Current lithium prices are approximately US$70,752 per tonne. The company is progressing towards an NI 43-101 report for resource estimation after completing drilling and assay evaluations. The CEO emphasized the project's potential to contribute to the growing demand for lithium in the renewable energy sector. Further testing is ongoing to assess lithium recovery rates.

Recharge Resources Ltd. announced the commencement of its winter drill program at the wholly-owned Brussels Creek Gold-Copper-Palladium Project in Kamloops, BC, on January 27, 2023. Paradigm Drilling has mobilized equipment to conduct 900 meters of NQ size core drilling across three holes, targeting depths of 350 meters to explore mineralization similar to that at the adjacent New Afton Mine. The company is awaiting favorable weather conditions to begin operations. A marketing agreement with TD Media has been established for a six-month period at a cost of $350,000, aimed at enhancing the company’s visibility.

Recharge Resources Ltd. (RECHF) announced successful drilling at its Pocitos 1 lithium project, achieving a lithium concentration of 169 ppm, surpassing earlier results. The well yielded significant brine flow for 10 days and encountered gas with minor carbon dioxide levels. This progress supports the company’s plans for a 20,000 tonne lithium extraction plant aimed at supplying Richlink Capital Pty Ltd. Lithium prices are currently at $70,755 per tonne. CEO David Greenway highlighted the advancement toward a NI 43-101 compliant resource and formalization of the lithium carbonate offtake agreement, with further exploration drilling planned.