- “This is the lithium decade.” – S&P Global (41)
Urgent Report: Argentina Could be the New Epicenter of Lithium Supply, Fueling Demand for Electric Vehicles… (41)
See why now could be the best time to start your research on Recharge Resources Ltd. (CSE: RR) (OTC: RECHF).
Latest News
Argentina Poised to Lead the Lithium Revolution and Meet Surging Electric Vehicle Demand… (41)
Argentina, with its rich lithium resources and a rapidly expanding project pipeline, is positioning itself to become the epicenter of a new era in lithium supply, playing a pivotal role in satisfying the ever-increasing demand for electric vehicle (EV) battery materials.
A Global Race for South American Critical Minerals… (41)
As the United States and Europe ramp up investments in downstream EV production, a global race for South American critical minerals has ignited. China, a major player in the EV industry, has intensified its search for upstream investments in South America and Africa, given its heavy reliance on imported lithium raw materials. The stakes are high, and Argentina holds a key position in this race.
The Role of Argentina… (41)
Argentina, currently the world’s fourth-largest lithium producer and second in terms of resources, is primed to outpace Chile in the short term. It boasts a robust pipeline of lithium projects, poised to unlock a significant surge in EV battery metal production.
Company Information
Southern Lithium Corp. is a resource exploration company that is engaged in the business of acquiring and exploring mineral properties, with specific concentration on lithium.
The country’s lithium-rich regions, including Catamarca, Salta, and Jujuy in the NOA region, have attracted over $7 billion in investments for upcoming years. With a pro-market approach, Argentina has been driven by private investments and streamlined permit approvals, contributing to its growth as a lithium producer.
Exports and International Impact… (41)
In 2022, Argentina exported the majority of its lithium to China (41.5%), followed by Japan (30.7%), South Korea (12.8%), and the US (9%). These exports highlight the global significance of Argentina’s lithium production.
Unique Position and Advantages… (41)
Argentina finds itself in an advantageous position compared to other countries just beginning their exploration phases. The nation’s lithium production, currently at 40,000 metric tons of lithium carbonate, could potentially triple in the next year based on the existing project pipeline. Furthermore, breakthroughs in direct lithium extraction (DLE) technologies could further accelerate production if infrastructure bottlenecks are resolved.
The Lithium Decade… (41)
The future of lithium production in Argentina looks promising, with growing EV demand set to create a positive pricing landscape for miners. Market participants forecast lithium prices between $35,000/mt to $50,000/mt for the next 24 months, with some volatility stemming from various factors, including Chinese EV policy, US regulations, economic conditions, and supply uncertainties.
Argentina stands as a potential game-changer, driving the production of critical EV battery materials and contributing significantly to the global shift toward sustainable transportation.
In this landscape of evolving lithium supply, one little-known company to keep an eye on is Recharge Resources Ltd. (CSE: RR) (OTC: RECHF), which has been actively involved in Argentina’s lithium exploration and development, poised to benefit from the lithium revolution and surging EV demand.
Keep reading to see why Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) deserves a top spot on your daily watch list…
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7 Reasons Why Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) Could Hold Significant Upside Potential Ahead Of 2024.
Share Consolidation:
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF)’s move to consolidate its common shares reflects a strategic effort to enhance its capital structure and potentially broaden its appeal to a wider range of stakeholders. (43)
Active Chart:
Since this consolidation, shares of (OTC: RECHF) have surged as much as 178% in less than one month after bouncing off their 52-week low of $.1252 on 8/22/23 and reaching $.349 on 9/15/23 according to Barchart.com. (44)
Strategic Acquisition:
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF)’s recent acquisition of a 100% interest in the Pocitos 1 Project in Argentina demonstrates their strategic vision and commitment to expanding their presence in the lithium sector. This move opens up new avenues for growth and resource development. (45)
Pioneering Resource Development:
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) excels in exploration, particularly in Argentina’s lithium-rich areas, and their dedication to innovative technologies like direct lithium extraction (DLE) enhances their competitive edge, making them a company ripe for research opportunities. (46)
Market Opportunity:
With the global demand for electric vehicle (EV) batteries and sustainable energy solutions on the rise, Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) is strategically positioned to capitalize on the expanding market opportunity within the battery metals sector. (16)
Strategic Partnerships:
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) has formed key partnerships and collaborations with industry leaders, enhancing their credibility and access to resources necessary for successful exploration and development projects. (52)
Proven Leadership:
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) is led by an experienced and forward-thinking management team. CEO David Greenway’s commitment to achieving milestones and driving growth in the lithium sector underscores the leadership’s dedication to success. (14)(30)
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) Moves Forward with Share Consolidation for Enhanced Efficiency. (43)
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) is on the verge of a significant corporate development as the company gears up for a share consolidation. This strategic move is set to streamline the company’s operations and enhance its share structure, ultimately positioning it for continued growth and success in the ever-evolving mineral exploration sector.
The Share Consolidation Details (43)
Following the company’s initial announcement on August 2, 2023, Recharge Resources Ltd. is now officially proceeding with its share consolidation plan. The consolidation will entail a conversion of two (2) pre-consolidation shares into one (1) post-consolidation share of the company. This change will come into effect at the opening of the market on Friday, August 18, 2023.
Importantly, the company’s name and trading symbol will remain the same even after the consolidation, ensuring continuity and brand recognition among investors. However, there will be some technical changes to the share identification numbers. The new CUSIP number will be 756230306, and the new ISIN number will be CA7562303064 for post-consolidation shares.
As a result of the consolidation, the total number of issued and outstanding shares will be significantly reduced. Previously standing at 69,846,948 shares, the consolidation will bring this number down to 34,923,474 shares. Importantly, the company has stated that no fractional shares will be issued as part of this process. Any fractional shares remaining after the consolidation, which are less than 0.5 of one share, will be rounded down to the next whole number. Conversely, fractional shares of 0.5 or greater will be rounded up to the next whole share.
Positioned for Future Growth (43)
This share consolidation marks a strategic decision by Recharge Resources Ltd. to optimize its corporate structure and improve its overall share capital. Such moves are common in the business world, and they often reflect a company’s commitment to long-term sustainability and enhanced shareholder value.
Recharge Resources Ltd. has been actively engaged in mineral exploration, with a particular focus on high-value battery metals. As the demand for clean energy solutions, including electric vehicles and energy storage, continues to rise, companies operating in the battery metals sector are well-positioned for growth. The share consolidation is expected to contribute to the company’s ability to attract investment, access capital, and further its exploration and development efforts.
With the consolidation, Recharge Resources Ltd. is demonstrating its dedication to creating a more efficient and streamlined organization that can better capitalize on the opportunities within the dynamic battery metals market. (43)
Shares of Recharge Resources Ltd. Have Surged as Much as 178% Since Strategic Consolidation… (43)(44)
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF)’s move to consolidate its common shares reflects a strategic effort to enhance its capital structure and potentially broaden its appeal to a wider range of stakeholders. (43)
Since this consolidation, shares of (OTC: RECHF) have surged as much as 178% in less than one month after bouncing off their 52-week low of $.1252 on 8/22/23 and reaching $.349 on 9/15/23 according to Barchart.com. (44)
Similarly in Canada, shares of Recharge Resources (CSE: RR) moved as much as 95% when they reached a high of $.43 on 9/11/23 after bouncing off their 52-week low of $.22 on 8/24/2022. (18)
Many major companies view stock splits as advantageous, and a good example of this is Netflix in 2015. The company opted to go through with a reverse stock split, where existing shares were converted into a smaller amount of more valuable stock. (50)
The result was a stock price increase of nearly 300%, giving stockholders huge returns – and inspiring other companies to consider the advantages of stock splits. Shareholders saw the benefit of the fluctuation when Netflix’s stock doubled within the next two years! (50)
This real life example demonstrates that stock splits are not only feasible, but can provide significant rewards while freeing up cash in the process. (50)
That said, not all stock splits lead to significant moves like Netflix’s and there is no certainty that this split will fuel Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) to a vertical chart move.
But the potential needs to be noted…
Keep reading to learn more about why Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) should be on your radar ASAP.
Analyst Report Suggests Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) could Outperform its Peers Through 2023…(35)
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) specializes in lithium, nickel, cobalt, and copper, has garnered positive attention from analysts who believe the company has the potential to outperform its peers in the coming years.
Matthew Levy CFA, an analyst at Intela Research, initiated coverage on Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) with a target of $1.12 indicating a potential upside of over 173% from (CSE: RR)’s opening price of $.41on 9/11/2023. (35)(18)
With several projects at different stages of development and an increasing demand for the metals they work with, Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) could be well-positioned to capitalize on the thriving battery industry. (35)
One significant achievement for the company is the execution of a Letter of Intent with Richlink Capital Pty Ltd. Under this agreement, Recharge Resources Ltd. (CSE: RR) (OTC: RECHF)will supply a minimum of 10,000 up to 20,000 tonnes annually of lithium chloride or lithium carbonate from its Pocitos 1 Lithium Brine Project in Salta, Argentina to two clients in China. This partnership not only demonstrates the company’s commitment to meeting the growing demand for lithium but also solidifies its position in the market. (35)
Furthermore, in 2022, Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) began drilling at its advanced-stage Pocitos 1 Lithium Brine Project, indicating its dedication to advancing projects and expanding its resource base. Additionally, the company announced plans to transfer its 100% owned Pinchi Lake Nickel Project to a new subsidiary called “SpinCo” or “NextCharge.” By providing funding to SpinCo and spinning out the shares to Recharge’s shareholders, the company aims to unlock the value of this project and further enhance value for its stakeholders. (35)
The positive outlook on Recharge Resources Ltd. (CSE: RR)(OTC: RECHF) stems from the increasing demand for lithium, nickel, cobalt, and copper, which are essential metals used in batteries for electronic devices and electric vehicles (EVs). With the exponential growth of lithium-ion batteries projected to continue, driven by personal devices and EVs, the battery market is expected to reach an impressive $183 billion by 2030. (35)
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF)’s focus on lithium-ion batteries aligns well with the industry’s trajectory. Established automakers like Tesla, Toyota, Ford, and Volkswagen are scaling up their EV production, while new players like Lucid Motors are entering the market. The growth of EVs was already remarkable, with a 43% increase between 2019 and 2020, despite representing only a 1% market share. As the adoption of EVs accelerates, the demand for metals used in battery production, including lithium, nickel, copper, and cobalt, will experience significant growth.
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF)’s correlation with these metals, due to its primary role as a mining firm, presents an opportunity in the market. The recent correction in commodity prices provides a favorable entry point, considering the strong correlation between the stock and metal prices. This correlation offers potential upside once prices resume their ascent. (35)
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF)’s presents an enticing opportunity within the mining sector, with its focus on lithium, nickel, cobalt, and copper. Analysts anticipate that the company’s projects, combined with the growing demand for metals used in batteries, position it favorably for future growth. The company’s strategic projects, such as the Pocitos 1 Lithium Brine Project and the Pinchi Lake Nickel Project, provide a solid foundation for capturing market opportunities. (35)
With the global push toward clean energy and sustainable transportation, the demand for battery metals is expected to soar. Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) is poised to benefit from this trend as it continues to explore and develop its mineral resources. By focusing on lithium, nickel, cobalt, and copper, the company aligns itself with the core components of modern battery technologies. (35)
The strong outlook for Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) is further supported by the entry of new players into the market and the expansion plans of established automakers. As the adoption of EVs and electronic devices accelerates, the demand for battery metals will continue to rise. This bodes well for Recharge Resources Ltd. (CSE: RR)(OTC: RECHF), as it positions itself as a reliable supplier of these critical resources. (35)
While every market research opportunity carries inherent risks, Recharge Resources Ltd. (CSE: RR) (OTC: RECHF)’s positive attributes, ongoing project developments, and favorable market conditions position the company for potential outperformance. As analysts indicate, the stock may hold the potential to exceed its peers based on the strong demand for battery metals, the execution of strategic agreements, and the company’s commitment to advancing its projects. (35)
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) Secures 100% Stake in Pocitos 1 Project in Salta, Argentina (45)
Major Acquisition Bolsters Recharge Resources Ltd. (CSE: RR) (OTC: RECHF)’s Position in Lithium Exploration
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) has made a strategic move that solidifies its foothold in the competitive world of lithium exploration. The company recently announced the successful completion of a Purchase Agreement with property owner Ekeko S.A. (“Ekeko”), securing a 100% interest in the Pocitos 1 Project, located in the Salta Province of Argentina. This development marks a significant milestone for Recharge Resources and underscores its commitment to harnessing the potential of lithium resources.
Background to the Acquisition (45)
The agreement stems from an offer presented by Ekeko to Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) after it became clear that the previous optionee, A.I.S. Resources Ltd. (“AIS”), had not rectified certain defaults, ultimately failing to meet its contractual obligations for the acquisition of Pocitos 1. As a result, the option with AIS expired on June 30th, 2023, with no remedial actions taken within the grace period that concluded on July 31st, 2023.
An important highlight of this acquisition is that it does not entail any royalty payments, making it an even more attractive proposition for Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) and its stakeholders.
About the Pocitos Lithium Brine Project (45)
Situated approximately 10 kilometers from the township of Pocitos in Salta Province, Argentina, the Pocitos 1 Project offers essential infrastructure support, including gas, electricity, and internet services. Covering an expansive 800 hectares, the project has seen substantial exploration investments totaling over USD $2.0 million.
Exploration efforts have included surface sampling, trenching, TEM and MT geophysics, and drilling three wells that yielded remarkable brine flow results. Lithium values of 169 ppm were recorded during drill hole 3 packer tests conducted in December 2022. The exceptional brine flow rates observed during the drilling campaign have contributed to a NI 43-101 report on the Pocitos 1 project.
Continuing Development and Exploration (45)
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) is eagerly anticipating the completion of process engineering work by Ekosolve Ltd. for the production and assay of lithium chloride extracted from the brine. This extraction process demonstrated an efficiency rate of above 94% for contained lithium in the brine.
Additionally, WSP Australia is awaiting the results of Core Laboratories Australia’s porosity work, which will play a vital role in delivering the Company’s maiden resource estimate at Pocitos 1. This estimate will result in an update to the NI 43-101 report completed by Qualified Person Phillip Thomas in June 2023.
Phillip Thomas, a Qualified Person as defined under NI 43-101 regulations, has played a crucial role in reviewing the technical information forming the basis of this announcement. Mr. Thomas is independent of the Company and not a shareholder of Recharge Resources. His firsthand visits to the Pocitos 1 property underscore the dedication to thorough resource estimate calculations.
Recharge Resources Ltd.’s acquisition of 100% interest in the Pocitos 1 Project is a significant step forward for the company. It reflects their commitment to unlocking the potential of lithium resources in a region with promising brine flow results. As they continue their exploration and development efforts, Recharge Resources is well-positioned to contribute to the growing demand for lithium in the evolving world of clean energy solutions.
Exploring the Potential of Lithium Extraction in Salta, Argentina (46)
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) has recently taken a significant step towards unlocking the potential of the Pocitos 1 Lithium Brine Project in Salta, Argentina. The company announced that it has successfully sourced drilling core samples from three drill holes in this promising lithium-rich region. These core samples have now made their way to Core Laboratories in Perth, Australia, where they will undergo crucial testing for porosity and transmissivity. The results of these tests will be integrated into the resource estimate calculations currently being prepared by WSP, a prominent player in the industry. (46)
About Core Laboratories
Core Laboratories is a globally recognized leader in providing proprietary and patented reservoir description and production enhancement services. They are renowned for their technology-driven solutions that enhance production capabilities. Core Laboratories consistently seeks to develop and acquire technologies that complement their existing offerings, disseminating these innovations throughout their global network.
Key Depth Information (46)
The depth of the core samples being tested is as follows:
It’s worth noting that Drill Hole No 3 (PCT-22-01) experienced significant surges due to the intercepted gas. Consequently, the focus will be on core porosity calculations rather than brine release to determine the resource estimate.
A Vision for the Future (46)
This resource estimate represents a significant milestone in Recharge Resources Ltd. (CSE: RR) (OTC: RECHF)’s mission to develop a 20,000-tonne Ekosolve™ direct lithium extraction (DLE) plant at the Pocitos project. This facility aims to supply up to 20,000 tonnes of lithium chloride/carbonate annually to Richlink Capital clients, as outlined in a non-binding letter of intent offtake agreement.
CEO David Greenway expressed the company’s commitment to this endeavor, stating, “Recharge is pushing forward to determine the reservoir size and resource estimate of lithium metal or LCE at Pocitos 1. We are delighted to be working with leaders in the field – WSP Global and Core Laboratories – to assist in the development of the project towards the goal of production. These developments will contribute to our milestones of a resource estimate, scoping study, feasibility study, and production at the Pocitos lithium brine project.” (46)
Awaiting Key Milestones (46)
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) is eagerly awaiting the completion of process engineering work by Ekosolve Ltd. to produce and assay the lithium chloride produced. The extraction process demonstrated efficiency above 94% for the contained lithium in the brine. Additionally, WSP Australia is patiently awaiting the results of Core Laboratories Australia’s porosity work, which will play a crucial role in delivering the Company’s maiden resource estimate at Pocitos 1. This estimate will result in an update to the NI 43-101 report completed by QP Phillip Thomas in June 2023.
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) Partners with WSP Australia for Crucial NI 43-101 Resource Estimate at Pocitos 1 Lithium Brine Project (52)
Driving Progress in Lithium Exploration through Strategic Collaboration
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) has taken a significant step towards unlocking the potential of the Pocitos 1 Lithium Brine Project in Salta, Argentina, by engaging the expertise of WSP Australia Pty Ltd (“WSP”). This partnership aims to prepare a critical mineral resource estimate in compliance with the stringent requirements of National Instrument 43-101 (“NI 43-101”). The move underlines Recharge Resources Ltd. (CSE: RR) (OTC: RECHF)’s commitment to transparent and comprehensive resource assessment, a vital component in the development of lithium brine projects. (52)
WSP: A Global Leader in Consultancy
WSP, a leading global consultancy with a formidable team of over 67,000 professionals and consultants, brings its extensive experience and specialized knowledge to the table. The firm boasts expertise in hydrology and brine resource estimates, making it a natural fit for this collaboration. WSP will leverage data from various sources, including the NI 43-101 technical report dated June 30, 2023, prepared by Panopus Pte Ltd and MT Survey, as well as drilling programs and core porosity data, to develop the Resource Estimate.
The process will commence with a comprehensive review of the data at hand, followed by the creation of a geological model derived from all available information. Leapfrog Geo, utilizing implicit modeling methods, will be the platform for data visualization, interpretation, and modeling. The geological unit characteristics, pivotal to the Resource Estimate, will be confirmed following data review and discussions with Recharge Resources.
WSP’s extensive track record includes work with lithium projects and fellow publicly traded lithium and critical element companies. This includes Albermarle Corporation, Bathurst Resources Limited, Critical Elements Lithium, Fluor Corporation, Galaxy Lithium, Lithium Americas Corp., and many others, making them well-versed in the intricacies of the lithium sector.
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF)’s Forward Momentum
David Greenway, CEO and Director of Recharge Resources, commented on this strategic move, stating, “Recharge is pushing forward on all fronts with its recently published inaugural NI 43-101 technical report, a pending drilling program, and a subsequent NI 43-101 resource estimate. The MT survey shows us exactly where the lithology has been concentrating conductive brines containing lithium. These developments should make for an exciting next period for Recharge and its stakeholders at the Pocitos lithium brine project.” (52)
This collaboration with WSP Australia is another significant stride in Recharge Resources’ journey to assess and harness the potential of the Pocitos 1 project. The company’s commitment to employing world-class expertise underlines its dedication to achieving accurate resource estimates, a crucial step towards realizing the project’s full potential.
As one of the world’s largest professional services firms, WSP is dedicated to future-proofing cities and the environment. The firm provides strategic advisory, engineering, and design services across various sectors, including transportation, infrastructure, environment, building, energy, water, and mining. WSP’s 67,000 professionals work with innovation, integrity, and inclusion to create lasting positive impacts on communities globally. With $11.9 billion (CAD) in revenue in 2022, WSP is a publicly traded company listed on the Toronto Stock Exchange (TSX: WSP). (52)
Keep reading to learn more about why Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) deserves a top spot on your daily watch list.
With Demand for EVs Soaring, the US is Racing to Secure Supplies of Lithium(16)
With demand for EVs soaring, the US is racing to secure supplies of the critical mineral. The U.S. government offered a loan of up to $700 million to Australian producer, Ioneer, for its undeveloped lithium mine and processing plant in Nevada.(16)
The loan — the Department of Energy’s largest to date to the lithium sector — could fast-track development of the site. Ioneer plans to start production from the mine in 2026 and has contracts to supply Ford and Toyota with output. It could eventually turn out enough lithium for 370,000 EVs a year.(16)
It is part of the U.S. government’s effort to secure supplies of metals such as lithium, cobalt, nickel and graphite that are crucial to the clean energy industries that officials see as key terrain for future economic competition with China.(16)
Analysts say it must happen much more quickly.(16)
The Inflation Reduction Act’s full EV tax credits only go to cars that source components and raw materials from the US or free trade partner countries — a policy North American lithium executives have said is sorely needed to compete with Beijing.(16)
Also, last year, the U.S. invoked the Defense Production Act, a Korean war-era power, to boost domestic supply of battery metals, splurged $2.8bn for 20 companies working on EV battery supply chain projects in the US and entered into a pact to invest in critical mineral projects overseas with allies such as Canada, the EU, the UK and Australia.(16)
Even with all of this government backing, the challenges to boost supply remain formidable. Projects in the west have suffered from lengthy permitting processes at a time when China is increasingly turning to laxer regulatory regimes in Africa and Latin America to secure feedstock for its vast lithium refineries at home.(16)
The US has one operational lithium mine — and another proposed lithium mine in Nevada, Thacker Pass, has been opposed by conservation groups. A court ruling that could decide Thacker Pass’s fate is due early this year.(16)
Elon Musk’s Tesla recently had to renegotiate a lithium supply deal with the miner Piedmont Lithium because a proposed mine in North Carolina has gotten bogged down in the regulatory thicket. The supply may come from Canada instead.(16)
Canada has large lithium reserves and is home to brine (in the west) and spodumene (in Québec and Ontario).(24)
Some clean energy backers have argued that Congress needs to reform the way projects are evaluated and permitted to speed up new supplies.
Chris Berry, president of advisory House Mountain Partners, said the permitting decision for the Thacker Pass project will be a “real test case for how serious we are in the west about reconfiguring critical metals supply chains.”(16)
A further issue is that the US lags not only behind China — which has 80% of global lithium hydroxide processing capacity — but also Australia and Europe in its plans to build lithium refineries.
Tesla is among the companies eyeing new refining capacity, with plans for a possible investment of more than $350 million on lithium refinery along the US Gulf Coast, a major hub of the global oil refining business.
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) Receives Dataset & Reports from Airborne Survey at Georgia Lake Lithium Project To Demonstrate "Structural Continuity" From Neighboring Rock Tech Lithium Inc.’s Property.(26)
Late last year, Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) announced that Prospectair Geosurveys has finalized processing the high-resolution heliborne magnetic survey data collected from the company’s 100% owned Georgia Lake North and West Lithium Properties in Ontario, Canada.
The Property is immediately contiguous to Rock Tech Lithium Inc’s (RCK–V) (“Rock Tech”) Georgia Lake Lithium Property and located approximately 160 km northeast of Thunder Bay, Ontario, within the Thunder Bay Mining Division.
Recharge will be reviewing the data over the next month to implement a spring field program consisting of geological mapping and prospecting over target areas once conditions are favourable.
CEO, David Greenway, stated, “We are making progress on all fronts across our portfolio of projects. We are thrilled with the efficiency of Prospectair Geosurveys’ turn around time of the geophysical data and look forward to interpreting the results to direct an aggressive spring 2023 field program at our 100% owned Georgia Lake Lithium Project.”(26)
“The point of this airborne survey was to identify the potential for structural continuity from neighbouring Rock Tech’s active development at its Georgia Lake Project. Rock Tech signed a major lithium supply agreement with Mercedes-Benz AG and Recharge is committed to advancing and monetizing its portfolio of assets to the benefit of all stakeholders,” Greenway continued.(26)
On October 20th, 2022, Mercedes-Benz (MBGn.DE) signed a supply agreement with Canadian-German Rock Tech to receive on average 10,000 tonnes of battery-grade lithium hydroxide per year. The deal, which comes shortly after the two groups said they would explore a strategic partnership, has a value over five years of 1.5 billion euros (US$1.47 billion) and will provide enough lithium hydroxide for 150,000 cars a year, the companies said.(26)
The 548 line-km airborne survey included covering neighboring known lithium-bearing pegmatite structures, mobilization and demobilization, room and board, supply and delivery of fuel, data gathering and processing. All final results will be presented to section 4.4 with a final report signed by QP and NI 43-101 compliant.(26)
Joerg Kleinboeck, P.Geo (JMK Exploration Consulting) has reviewed the technical information that forms the basis for portions of this news release, and has approved the disclosure herein. Mr Kleinboeck is independent of the Company and is a qualified person as defined under National Instrument 43-101.(26)
The Company previously announced on December 8th, 2022 it had engaged LFG Equities Corp. for digital media services through social media channels and online media placements for a 6-month term. The Company has granted to LFG Equities 335,000 stock options at a price of $0.35 per share and is valid for a one-year term. The options are governed by the Company’s incentive stock option plan.(26)
Georgia Lake North & West – Lithium Properties – Ontario
The Georgia Lake North and West Properties are located approximately 160 km northeast of Thunder Bay, Ontario, within the Thunder Bay Mining Division. Recharge’s property is contiguous to the North and West boundaries of Rock Tech Lithium’s Georgia Lake Lithium Property and consists of two claim blocks totaling 320 hectares and 432 hectares.(26)
The Rock Tech Lithium Georgia Lake Project is host to several spodumene-bearing pegmatites. Lithium mineralization was discovered in 1955 and subsequently explored by several historic owners. Rock Tech’s property hosts an NI 43-101 Mineral Resource, as reported in Rock Tech’s Preliminary Economic Assessment filed on Rock Tech’s SEDAR profile, with an effective date of March 15, 2021. The Mineral Resource is summarized in the following table:(26)
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.
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) 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.(26)
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF)
Why This News Could Be Game-Changing For Recharge Resources
Simple. The company who made the strategic partnership with Mercedes-Benz is right next door!
Recharge Resources CEO, David Greenway, had this to say:
"While we continue to advance our two fully-funded drill programs at Brussels creek and Pocitos 1 lithium Salar in Salta, Argentina, it is hard to ignore the developments by our neighbours Rock Tech Lithium and their new strategic partnership with premium automaker Mercedes-Benz. Recharge Resources will plan a surface reconnaissance exploration program on our Georgia Lake projects with a goal of identifying the potential for continuity of mineralization from Rock Tech’s active development at Georgia Lake.”
Could this upcoming exploration program catapult this relatively unknown company into the mainstream? What if they hit it big and find an unconscionable supply?
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
This Is Another Planned Milestone In The Company’s Endeavour To Build Up To A 20,000-Tonne Lithium Extraction Ekosolve™ Plant(35)
On February 06, 2023 Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) announced 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. (35)
This is another planned milestone in the Company’s endeavour to build up to a 20,000-tonne lithium extraction Ekosolve™ plant at its Pocitos 1 Project in order to supply Richlink Capital Pty Ltd battery materials clients up to 20,000 tonnes of lithium chloride/carbonate per year as previously announced under letter of intent. Their clients were given an update in China on plans and progress Recharge has made. (35)
CEO and Director, David Greenway stated, ” The world needs more lithium battery materials and Pocitos 1 continues to present that it may be a significant contributor to the supply puzzle being solved by Gigafactories of lithium product. The future of the Pocitos 1 Project continues to improve and we couldn’t be more excited by these results. The recent results have achieved a consistent lithium concentration 40 ppm higher than what was previously recorded with substantial brine flow. Our next goal of establishing a NI 43-101 compliant mineral resource, a scoping study of the project and formalising our offtake agreement for lithium carbonate is getting closer.”(35)
Recharge Resources Ltd. (CSE: RR)(OTC: RECHF) Achieves Promising Results in Testing Lithium Brine Samples at Ekosolve Pilot Plant (36)
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) is making significant strides in its Pocitos Lithium Brine Project. The recent completion of rigorous brine sample testing at the Ekosolve™ pilot plant located at the University of Melbourne marks a crucial milestone in the company’s path towards a full-scale plant implementation. This achievement underscores Recharge Resources’ commitment to advancing its lithium extraction capabilities and solidifying its position in the growing lithium market.
The brine samples, extracted from the Pocitos lithium brine project in Salta, Argentina, underwent comprehensive testing at the Ekosolve™ pilot plant. This pre-engineering step aims to evaluate the performance and recovery rates of the Ekosolve™ Extraction process. By assessing the efficiency of the extraction process and recovery rates, Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) gains valuable insights into the viability of scaling up the plant to handle up to 20,000 tonnes of lithium brine annually.
Currently, data processing and aggregation are underway, and the company anticipates announcing recovery rates in the coming weeks. Previous studies conducted by Ekosolve™ have indicated that the economic viability threshold lies in brine flow exceeding 35,000 megalitres per year, coupled with lithium content above 110 ppm. Recharge Resources has shown great promise in its 2022 drill campaign at Pocitos 1, with lithium assays averaging 169 ppm over a two-week period. Furthermore, exceptional brine flow rates were observed in all three drill holes, further bolstering the project’s potential. (36)
The Ekosolve™ Lithium Solvent Exchange Extraction process has proven its efficiency in handling brines and producing lithium carbonate with a grade surpassing 99.5% purity and an impressive recovery rate of 96%. These exceptional results outperform existing ion exchange or adsorption processes available in the market. The Ekosolve™ technology, licensed by the University of Melbourne to Ekosolve Limited, has the potential to revolutionize lithium extraction and position Recharge Resources as a key player in the industry. (36)
The expertise of Recharge Resources Ltd. (CSE: RR) (OTC: RECHF)’s Qualified Person (QP), Phil Thomas, adds substantial value to the project. With over two decades of experience in exploring lithium brines and a successful track record in building and operating a pilot plant at Rincon Salar (which was later sold to Rio Tinto for a remarkable US$825 million), Thomas brings extensive knowledge and insights to the team. His involvement, combined with the team’s accomplishments in exploring the Pozuelos salar (recently sold to Ganfeng for US$962 million), further enhances the prospects of the Pocitos Lithium Brine Project.
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF)’s CEO, David Greenway, expressed excitement about the positive developments at the Pocitos Lithium Brine Project. The company’s progress, including the forthcoming NI 43-101 report, completed MT geophysics survey, upcoming drill program, and planned NI 43-101 resource estimate, highlights its commitment to advancing the project and creating value for its stakeholders. The recently completed MT survey has provided crucial information on the locations where conductive brines, containing lithium, are concentrated, further guiding the project’s next steps. (36)
Situated approximately 10 km from the township of Pocitos, the project benefits from convenient access to essential infrastructure such as gas, electricity, and internet services. With extensive exploration efforts, including surface sampling, trenching, TEM and MT geophysics, and the successful drilling of three DDH holes, Recharge Resources has invested over USD $2.0 million in developing the project. The outstanding brine flow results and the presence of lithium values of up to 169 ppm recorded during the drill campaigns confirm the project’s significant potential.
As Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) continues to make strides in the Pocitos Lithium Brine Project, the company could be well-positioned to capitalize on the growing demand for lithium in the global market. The successful completion of brine sample testing at the Ekosolve™ pilot plant signifies a major step forward in the project’s development. (36)
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF)’s commitment to utilizing innovative technologies such as the Ekosolve™ Extraction process demonstrates its dedication to maximizing efficiency and sustainability in lithium extraction. With its ability to produce lithium carbonate with exceptional purity and recovery rates, the company is poised to meet the stringent quality requirements of battery manufacturers and other lithium consumers.
The positive results from the Ekosolve™ pilot plant testing validate Recharge Resources Ltd. (CSE: RR) (OTC: RECHF)’s strategy and strengthen its position as a key player in the lithium industry. As demand for lithium continues to rise due to the growing popularity of electric vehicles and renewable energy storage solutions, the company’s focus on lithium extraction places it in a favorable position for long-term success. (36)
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF)’s CEO, David Greenway, expressed his enthusiasm for the project’s advancements and the positive outlook for the Pocitos Lithium Brine Project. With ongoing activities such as the MT geophysics survey and upcoming drill program, the company remains committed to unlocking the project’s full potential. The wealth of data and insights gained from these initiatives will contribute to the forthcoming NI 43-101 resource estimate, providing investors and stakeholders with a comprehensive understanding of the project’s value. (36)
Furthermore, the expertise of the Qualified Person, Phil Thomas, brings a wealth of knowledge and experience to the table. Thomas’ track record of success in lithium exploration and production further instills confidence in Recharge Resources’ ability to deliver results and create value for its shareholders. (36)
The Pocitos Lithium Brine Project’s strategic location near the township of Pocitos and its access to essential infrastructure significantly enhance its economic viability. This proximity facilitates efficient operations and minimizes logistical challenges, ultimately benefiting the project’s cost-effectiveness and long-term sustainability.
As Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) continues to make significant progress in its exploration and development efforts, investors and stakeholders eagerly await the upcoming results and milestones. The company’s commitment to sustainability, innovative extraction technologies, and the rising global demand for lithium position it for success in the evolving battery and renewable energy sectors.
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF)’s successful completion of brine sample testing at the Ekosolve™ pilot plant represents a significant milestone for the Pocitos Lithium Brine Project. The positive results validate the company’s strategy and highlight its ability to meet the growing demand for high-quality lithium. With an experienced team, strategic location, and ongoing exploration activities, Recharge Resources could be well-positioned to capitalize on the increasing demand for lithium and drive long-term value for its stakeholders.
Here’s why this could be important beyond your wildest imagination…
Here’s why this could be important beyond your wildest imagination…
The world is running into a severe supply-demand situation with lithium — again.
The last time this happened, some of the world’s top lithium companies exploded.(2)
- Albemarle ran from approximately $45 to roughly $137
- Lithium Americas Corp. ran from about 93 cents to roughly $10.40
- Galaxy Resources Ltd. ran from around 15 cents to nearly $2.75
Now, it’s happening all over again.
All as electric vehicle sales ramp higher faster than expected, and as governments all around the world rush to put millions of EVs on the roads.(3)
In fact, recently the U.S. signed an executive order that 50% of all vehicles must be electric by 2030.(6) By then, according to Resource World:
“The world will see 125 million EVs on the road, which will only drive further demand for lithium supply.” In fact, “It is anticipated demand for vehicle battery metal will increase sharply over the next several years as automakers abandon internal combustion engines for EVs.”(7)
- There’s just one problem.
At the moment, there’s not enough lithium supply.
Even the International Energy Agency just warned:
approximately $45 to roughly $137
- Lithium Americas Corp. ran from about 93 cents to roughly $10.40
- Galaxy Resources Ltd. ran from around 15 cents to nearly $2.75
Now, it’s happening all over again.
All as electric vehicle sales ramp higher faster than expected, and as governments all around the world rush to put millions of EVs on the roads.(3)
In fact, recently the U.S. signed an executive order that 50% of all vehicles must be electric by 2030.(6) By then, according to Resource World:
“The supply of critical minerals crucial for technologies such as wind turbines and electric vehicles will have to be ramped up over the next decades if the planet’s climate targets are to be met.”(7) At least 30 times as much lithium, nickel and other key minerals may be required by the electric car industry by 2040 to meet global climate targets.”(7)
- Plus, consider this.
The global battery metals market was valued at $11.3 billion in 2019 and is projected to reach $20.5 billion by 2027, at an 8.2% CAGR.(8)
Moreover, demand for battery metals is expected to jump 500% by 2050.(12)
On top of this, by 2038, the world is expected to buy more passenger electric vehicles than fossil fuel cars. In 2019, demand from EV batteries was 17 kt for lithium, 14.4 kt for cobalt, and 65 kt for nickel; by 2030, it is expected to jump to 185 kt for lithium, 90 kt for cobalt, and 925 kt for nickel.(9)
Yet, for that to happen, the global community will need a significant amount of lithium supply, which is where Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) may help. Significantly.
Just Who is Recharge Resources Canada TSXV:(RR) U.S. OTC: (RECHF)?
Recharge Resources is currently looking to identify, explore, and develop complementary battery metals technologies via open-source applications to improve the world and meet growing demand. Recharge Resources is uniquely positioned to acquire mining properties that produce essential battery materials to meet the increasing demand for electric vehicles. All while it has industry experts leading the way across the supply chain.
In addition, as a diversified battery metals company Recharge Resources focuses on all 3 elements of battery metals, not just one, including lithium, nickel, and cobalt.
In A Potentially Game-Changing Move,Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) Expands Its Pinchi Lake Nickel Project (13)
Recently, the company announced the expansion of the Pinchi Lake Nickel Project, located approximately 15 to 30 km northwest of Fort St. James and 120 km northwest of Prince George in the Omineca Mining District of central British Columbia.
The project area has been increased to include historical work at the recommendation of the Company’s geological team, following a review of historic workings in the surrounding area.
The Pinchi Lake Nickel claims have been enlarged by 568 hectares (1,404 acres) to total size of 3,922.64 hectares (9,693.05 acres) to include areas of anomalous nickel sampling results in three separate areas, indicated from previous sampling as described in assessment reports on the BC Government Aris website.
The Potential for Drilling Success at the Following Properties Could Also Dramatically Advance Recharge Resources Ltd. (CSE: RR) (OTC: RECHF):(10)
Murray Lake Nickel(11)
At its Murray Lake Nickel site, geological mapping, prospecting, and geochemical soil sampling have confirmed the occurrence of favorable geology and structure on the property. With an exploration program planned, localized serpentinization associated with ultramafic rocks has also been found.
Georgia Lake North & West Lithium(11)
Recharge Resources’ Georgia Lake North & West lithium properties, which are next to RockTech Lithium’s Georgia Lake Property, consist of two projects totaling 320 hectares and 432 hectares, respectively. The neighboring RockTech project is located 160 km northeast of Thunder Bay within the Thunder Bay Mining Division.
North East Property
South West Property
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) Unveils Major Gold Breakthrough at Brussels Creek Project (39)
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) recently announced a significant development in its fully-funded spring drill program at the Brussels Creek Gold-Copper-Palladium Project in Kamloops, BC, Canada. The completion of assay results has revealed an exciting discovery of a new gold zone near the surface, underscoring the project’s potential for valuable mineral deposits.
Through a comprehensive 900-meter NQ drill program, Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) aimed to explore the potential for copper-gold mineralization similar to that observed at the neighboring New Afton mine owned by New Gold Inc. The New Afton Mine, which commenced production in 2012, is located on the site of the historic Afton Open Pit mine. The success of the New Afton mine, characterized by substantial gold and copper production, served as inspiration for Recharge Resources’ exploration efforts.
The assay results have now confirmed the presence of a new gold zone within the project area, spanning from 25.75m to 29.25m over a 3.5-meter interval. Impressively, the average grade of gold within this zone is measured at 5.08 grams per tonne. This discovery of near-surface gold mineralization highlights the significant bedrock potential within the Brussels Creek Project.
The gold zone at Brussels Creek is hosted by a quartz-feldspar porphyry intrusive associated with the Iron Mask plutonic suite. The presence of pervasive quartz sericite alteration, clay-carbonate stockworks, and minerals such as pyrite, sphalerite, chalcopyrite, and galena further confirm the mineral-rich nature of the zone. (39)
Situated approximately 24 kilometers west of Kamloops, the Brussels Creek Project covers 1,350.43 hectares and is adjacent to the prosperous New Afton mine. The geological characteristics of the project closely resemble those of successful mining operations in the region, such as Highland Valley, Mount Polly, Kemess, and Galore Creek. Historic sampling and mapping efforts have previously indicated the presence of a broad anomalous gold zone, with values of up to 3.5 grams per tonne recorded. Additional grab samples collected in 2019 further confirmed the project’s potential, returning values of 10.1 g/t Au and 11.5 g/t Au.
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) intends to focus future exploration activities on the large geophysical and geochemical anomalies surrounding the newly discovered gold zone. Simultaneously, preparations are underway for drilling at the Pocitos lithium brine project, demonstrating the company’s commitment to advancing multiple projects concurrently.
David Greenway, the CEO of Recharge Resources Ltd. (CSE: RR) (OTC: RECHF), expressed his appreciation for the progress achieved at the Brussels Creek Project. The company is eager to capitalize on this exciting discovery and is now planning further exploration in areas with high potential. The successful identification of a new gold zone marks a significant milestone for the project’s development. (39)
The strategic location of the Brussels Creek Project, combined with its geological similarities to neighboring mines, provides a solid foundation for continued exploration and potential resource expansion. Recharge Resources remains steadfast in its commitment to sustainable exploration practices, ensuring responsible and environmentally conscious operations across all its projects.
As Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) progresses with its exploration efforts, stakeholders eagerly anticipate updates on the Brussels Creek Project and other ventures. The newly discovered gold zone represents a significant advancement, and the company is well-positioned to unlock further value from its diverse mineral portfolio. (39)
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) has achieved a notable milestone with the discovery of a new gold zone at the Brussels Creek Project. The identification of significant bedrock gold mineralization near the surface reinforces the project’s potential for valuable mineral deposits. With ongoing exploration and preparations for drilling at the Pocitos lithium brine project, the company is making steady progress in advancing its diverse portfolio. (39)
The Brussels Creek Project’s strategic location and geological similarities to successful mining operations in the region provide a solid foundation for continued exploration and potential resource expansion. Recharge Resources’ commitment to sustainable practices underscores its responsible approach to mineral exploration and mining.
As Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) continues to advance its projects, stakeholders eagerly await further updates on the Brussels Creek Project and other initiatives. The discovery of the new gold zone opens exciting possibilities for future development and underscores the company’s potential for long-term value creation. (39)
It is crucial to note that the comparison of results from neighboring properties may not be indicative of mineralization on Recharge Resources Ltd. (CSE: RR) (OTC: RECHF)’s properties. Each project has distinct characteristics, and further exploration and evaluation are essential to fully understand their potential. (39)
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) is Led by a Powerhouse Team (14)
David Greenway - Director & CEO
Mr. Greenway brings more than two decades of experience in managing, financing and developing growth strategies for various TSX Venture Exchange- and Canadian Securities Exchange-listed companies, including involvement in acquisitions, business valuations and investor relations. His key expertise lies in the management and development of junior public resource companies, especially in the mining, and oil and gas sector. He has held directorships, senior management and business development positions, including his role as the chief executive officer of Stamper Oil & Gas Corp., Veritas Pharma Inc., Chief Consolidated Gold Mines, SNS Silver Corp., Moneta Resources Inc. and Sterling Mining Company and his board position in Mountain View Conservation Centre. Mr. Greenway attended University in Bournemouth England, where he studied accounting and finance.
Larry Segerstrom - Director
Mr. Segerstorm boasts more than 38 years of technical, operational, and business experience. After receiving his MSc in economic geology at the University of Arizona, Mr. Segerstrom spent a large portion of his life on porphyry copper-gold and copper-molybdenum deposits. As a bilingual engineer and geologist, his expertise lies in exploration, mine geology, and operations. With 20 years as a senior executive, Larry has led teams to several copper-gold discoveries. Larry also possesses an MBA in global management and is a qualified person under National Instrument 43-101.
Andrew Mugridge - Director
Mr. Mugridge has extensive experience consulting public traded resources exploration companies since entering the industry in 2006. Beyond serving in several officer, director, and senior management positions with TSX and TSX-Venture listed companies, Andrew ran a successful investor relations firm (2006-2014) and is currently a principle of a financial advisory firm in Vancouver, British Columbia.
Natasha Sever - CFO
Ms. Sever is a CPA designated in both Canada and Australia with a BCom from Edith Cowan University. She joins the company with more than 10 years of experience in senior finance roles over a wide range of industries, including mining, retail and technology. Ms. Sever has held officer positions at a number of publicly listed companies in both Canada and Australia and has a proven record of working in alignment with and to the benefit of the board and associated stakeholders. Her extensive experience with company financings as well as Toronto Stock Exchange and Australian Securities Exchange regulatory compliance will serve to ensure the company manages its affairs in a transparent and proper fashion.
Urgent Report: Argentina Could be New Epicenter of Lithium Supply, Fueling Demand for Electric Vehicles…(41)
See why now could be the best time to start your research on Recharge Resources Ltd. (CSE: RR) (OTC: RECHF).
7 Reasons Why Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) Could Hold Significant Upside Potential Ahead Of 2024.
Share Consolidation:
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF)’s move to consolidate its common shares reflects a strategic effort to enhance its capital structure and potentially broaden its appeal to a wider range of stakeholders. (43)
Active Chart:
Since this consolidation, shares of (OTC: RECHF) have surged as much as 178% in less than one month after bouncing off their 52-week low of $.1252 on 8/22/23 and reaching $.349 on 9/15/23 according to Barchart.com. (44)
Strategic Acquisition:
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF)’s recent acquisition of a 100% interest in the Pocitos 1 Project in Argentina demonstrates their strategic vision and commitment to expanding their presence in the lithium sector. This move opens up new avenues for growth and resource development. (45)
Pioneering Resource Development:
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) excels in exploration, particularly in Argentina’s lithium-rich areas, and their dedication to innovative technologies like direct lithium extraction (DLE) enhances their competitive edge, making them a company ripe for research opportunities. (46)
Market Opportunity:
With the global demand for electric vehicle (EV) batteries and sustainable energy solutions on the rise, Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) is strategically positioned to capitalize on the expanding market opportunity within the battery metals sector. (16)
Strategic Partnerships:
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) has formed key partnerships and collaborations with industry leaders, enhancing their credibility and access to resources necessary for successful exploration and development projects. (52)
Proven Leadership:
Recharge Resources Ltd. (CSE: RR) (OTC: RECHF) is led by an experienced and forward-thinking management team. CEO David Greenway’s commitment to achieving milestones and driving growth in the lithium sector underscores the leadership’s dedication to success. (14)(30)
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Source 2: https://stockcharts.com/h-sc/ui?s=alb
Source 3: https://www.bloomberg.com/news/articles/2021-06-22/shift-to-electric-cars-coming-faster-than-expected-study-shows
Source 4: https://www.cnbc.com/2021/05/05/electric-vehicles-renewables-will-need-rise-in-mineral-supply-iea.html
Source 5: https://recharge-resources.com/projects/georgia-lake-west-north/
Source 6: https://www.theverge.com/2021/8/5/22610501/biden-2030-ev-goal-trump-emissions-rollback
Source 7: https://www.marketwatch.com/press-release/electric-vehicle-demand-already-creating-substantial-lithium-supply-issue-2021-06-02-91972749
Source 8: https://www.alliedmarketresearch.com/press-release/battery-metals-market.html
Source 9: https://recharge-resources.com
Source 10: https://www.barchart.com/stocks/quotes/RR.VN/overview
Source 11: https://recharge-resources.com/projects/
Source 12: https://www.worldbank.org/en/news/press-release/2020/05/11/mineral-production-to-soar-as-demand-for-clean-energy-increases
Source 13: https://finance.yahoo.com/news/recharge-resources-expands-pinchi-lake-130000117.html
Source 14: https://recharge-resources.com/corporate/
Source 15: https://www.benchmarkminerals.com/lithium-prices/
Source 16: https://www.ft.com/content/4a156181-00fb-4e6b-82d1-90ea5a044bcf
Source 17: https://www.barchart.com/stocks/quotes/RECHF/price-history/historical?orderBy=tradeTime&orderDir=desc
Source 18: https://www.barchart.com/stocks/quotes/RR.CN/price-history/historical
Source 19: https://schrts.co/PGcUkaGD
Source 20: https://schrts.co/BJJNSxRp
Source 21: https://techcrunch.com/2022/12/27/an-ev-plosion-awaits-in-2023-and-itll-be-packed-with-tech/
Source 22: https://www.ford.com/cmslibs/content/dam/vdm_ford/live/en_us/ford/nameplate/mache/2023/collections/3_2/EAxBaker22053_fade_16_7.jpg/_jcr_content/renditions/cq5dam.web.1440.1440.jpeg
Source 23: https://evadoption.com/wp-content/uploads/2021/05/US-EVs-BEV-PHEV-Sales-Sales-Share-Forecast-2021-2030.png
Source 24: https://www.innovationnewsnetwork.com/battery-metals-mines-and-opportunities-for-canada/27599/
Source 25: https://www.zdnet.com/a/img/2017/08/17/c456ed8f-9165-4dd0-a149-2340d7608f92/elon-musk-tesla.jpg
Source 26: https://finance.yahoo.com/news/recharge-receives-dataset-reports-airborne-080100480.html
Source 27: https://miningir.com/wp-content/uploads/2022/12/Recharge-Prospectair.png
Source 28: https://www.electrive.com/wp-content/uploads/2022/10/mercedes-rock-tech-min.png
Source 29: https://finance.yahoo.com/news/paradigm-drillers-mobilizing-brussels-creek-080100272.html
Source 30: https://recharge-resources.com/docs/RechargeResources-PRESENTATION-October2022.pdf
Source 31: https://finance.yahoo.com/news/recharge-resources-intercepts-first-lithium-080100873.html
Source 32: https://ml.globenewswire.com/Resource/Download/25bc69fb-c766-4f67-a0a9-7b75011a3b6c
Source 33: https://ml.globenewswire.com/Resource/Download/606273c8-c26f-4a67-b53b-545e3fcc25ed
Source 34: https://schrts.co/bNqakixJ (RECHF) chart
Source 35: https://intelaresearch.com/wp-content/uploads/2022/11/RR-Intela-Report-Final-2022-10-30.pdf
Source 36: https://finance.yahoo.com/news/recharge-resources-lithium-brine-sample-070513616.html
Source 37: https://thenewswire.com/data/tnw/clients/img/e9861de2c0f6d524ba5f5536868b856b.png
Source 38: https://thenewswire.com/data/tnw/clients/img/f00a18767276b57136bb8d9441c16f3f.png
Source 39: https://finance.yahoo.com/news/recharge-makes-gold-discovery-brussels-070632643.html
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Source 42: https://electriccarhindime.com/wp-content/uploads/2023/02/photo_6302875549697160291_y.jpg
Source 43: https://recharge-resources.com/news/recharge-resources-ltd-announces-effective-date-of-share-consolidation/
Source 44: https://www.barchart.com/stocks/quotes/RECHD/price-history/historical
Source 45: https://recharge-resources.com/news/recharge-resources-enters-into-an-agreement-to-acquire-100-interest-in-the-pocitos-1-project-in-salta-argentina/
Source 46: https://recharge-resources.com/news/recharge-resources-sends-core-samples-for-ni-43-101-resource-estimate-at-pocitos-1-lithium-brine-project/
Source 47: https://www.abnewswire.com/uploads/e359b32cd8a4bfc0c5e8a377134b07f0.png
Source 48: https://schrts.co/EwSeZmrb
Source 49: https://schrts.co/AJWfMVFn
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Source 51: https://www.siliconexpert.com/wp-content/uploads/2021/10/Lithium-Prices-Surging-High-2021.jpg
Source 52: https://recharge-resources.com/news/recharge-resources-engages-wsp-australia-for-ni-43-101-resource-estimate-at-pocitos-1-lithium-brine-project/
Source 53: https://www.wspservices.com.au/