Recharge Res Ltd. - RECHF STOCK NEWS

Recharge Resources Ltd. has entered a technology license agreement for nationwide use of Ekosolve™️ Lithium Solvent Exchange Extraction equipment at the Pocitos 1 Lithium Project in Argentina. The project aims to produce 20,000 tonnes of lithium carbonate annually, with lithium currently valued at US$70,259 per tonne. The Ekosolve process boasts a lithium yield of over 95% and a reduction in operating costs by over 90%, positioning Recharge as a competitive player in the lithium sector. Further studies and permits are required to begin construction.

Recharge Resources Ltd. (RECHF) is set to commence drilling at its Pocitos 1 Lithium Brine Project in Salta, Argentina, around October 7, 2022. The company has already signed a memorandum with the local community and secured a drilling contract worth USD $141,880. This drill program aims to establish a NI 43-101 compliant resource by confirming the continuity of the lithium brine aquifer identified in previous explorations. Recharge has invested over USD $1.5 million in the project, which has previously shown promising lithium values and high brine flow rates, indicating potential for cost-effective operations.

Recharge Resources Ltd. (RECHF) has entered into a drill contract for its Pocitos 1 Lithium Brine Project in Salta, Argentina, with drilling expected to start around October 7. The company has advanced USD $141,880 to begin a fully-funded production diameter well drill program aimed at confirming lithium brine continuity. This project follows successful previous drilling campaigns, with high flow rates anticipated to reduce operational costs. CEO David Greenway highlights the strategic importance of the drilling in establishing a NI 43-101 compliant resource.

Recharge Resources Ltd. (RECHF) announced an advance of USD $22,475 for leasing a storage facility in Argentina, essential for QA/QC and upcoming drilling operations at its Pocitos 1 Lithium Brine Project. The company has engaged AIS Resources SA for project management and taxation services linked to a fully funded 400-meter well aimed at confirming lithium flow rates and resource continuity. Previous drill campaigns showed high flow rates, which may lower operational costs. The company plans to proceed with drilling to establish a NI 43-101 compliant resource.

Recharge Resources Ltd. (RECHF) has appointed Richard Robins, co-founder and former CFO of International Battery Metals Ltd., to its Senior Advisory Board. Robins brings two decades of experience in finance, mining, and technology, which will aid Recharge in deal structuring and strategic partnerships. The company is progressing with its two funded drill programs at Brussels Creek and Pocitos 1 Lithium brine project, aiming for NI 43-101 resource establishment. The Pocitos project spans 800 hectares and has previously shown promising brine flow results.

Recharge Resources Ltd. has received approval from Argentina’s Department of Mines to drill a production diameter well at its Pocitos 1 Lithium Brine Project in Salta. This fully funded well will validate previous findings on flow rate and lithium content. High flow rates noted in past drill holes are expected to reduce operational costs by minimizing pump requirements. CEO David Greenway expressed optimism about advancing towards a NI 43-101 compliant resource estimate, aided by a strong Argentinian geological team.

Recharge Resources Ltd. (RECHF) has announced the planning of a Phase 1 Exploration Program at its 100% owned Georgia Lake North and West Lithium Properties, adjacent to Rock Tech Lithium's site in Ontario. This comes after Rock Tech's strategic partnership with Mercedes-Benz to supply lithium hydroxide, potentially worth $670 million annually. Recharge aims to evaluate mineralization continuity in the region, leveraging the nearby developments. The properties cover 752 hectares overall and are known for their lithium-bearing pegmatites, emphasizing the growing electric vehicle demand.

Recharge Resources Ltd. (RECHF) has engaged Johan Thom Shearer to advance its diamond drill program for the 100% owned Brussels Creek Copper-Gold-Palladium property in British Columbia. The fully funded Phase 1 drill program plans to drill 1,500 meters based on a prior Induced Polarization survey. The property is strategically located near New Gold's New Afton mine. CEO David Greenway expressed optimism about the drilling and ongoing consultations with First Nation groups. The Brussels Creek project covers 1,350.43 hectares and has shown promising historical mineralization results.

Recharge Resources Ltd. (RECHF: OTC) has announced its readiness for IVA tax settlement in Argentina for its upcoming drill program at the Pocitos 1 Lithium Salar. The drilling will target a 400+ meter well to confirm lithium brine continuity, critical for establishing a NI 43-101 compliant resource. CEO David Greenway emphasized the importance of tax structuring for operations in Argentina and noted the encouraging flow rates observed in previous drill holes. The Pocitos Project, spanning approximately 800 hectares, has previously yielded impressive brine flow results, with over USD $1.5 million invested in exploration.