News

Recharge Resources Ltd. Secures Strategic Advisory Mandate with Eden Capital Markets for Pocitos Project Financing

Vancouver, BC – March 26, 2024 – Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL50: Frankfurt) is pleased to announce it has entered into a Corporate Advisory Mandate with Eden Capital Markets Pty Limited (“ECM”), marking a significant step towards the exploration and development of the Pocitos Lithium Brine Project (the “Project” or “Pocitos”), located near Pocitos township in Salta Province, Argentina.

This mandate highlights Recharge’s dedication to progressing its project financing goals, specifically through the structured minimum raise of CAD$11 – $15 million in multiple tranches. This considered approach is designed to enhance the exploration efforts and overall development of Pocitos.

ECM has expressed its enthusiasm about working with Recharge on this pivotal capital raising and working capital facility, in addition to providing ongoing corporate advisory services. These services aim to support the Company’s long-term goals, offering expertise in areas including debt project financing, facilitating introductions to major auto manufacturers, potential Australian Stock Exchange (“ASX”) listing and/or mergers and acquisitions activities. It is anticipated that these advisory services will enhance Recharge’s strategic positioning and operational efficiency.

“We are thrilled to announce our partnership with Eden Capital Markets, a move that represents a significant milestone in Recharge’s journey towards developing the Pocitos project. This strategic agreement is not just about securing capital; it’s about leveraging ECM’s  industry expertise and advisory services to ensure our long-term success. As we embark on this exciting phase of exploration and development, we are confident that ECM’s guidance will be invaluable in helping us navigate the complexities of capital markets and strategic growth opportunities. Together, we are committed to unlocking the full potential of the Pocitos project for our shareholders and for the future of sustainable energy resources,” stated David Greenway, President, and CEO of Recharge Resources Ltd.

Terms of Service

The agreement with ECM outlines a comprehensive fee arrangement for the duration of the mandate:

  • Retainer: ECM will receive a monthly corporate advisory retainer fee, payable monthly in arrears. This retainer will start accruing from the date of the mandate and is required to initiate the process described, followed by regular monthly payments.
  • Advisory Fee: Upon the successful completion of any capital raising activity, an advisory fee of $20,000 will be due to ECM by the Company.
  • Equity Success Fee: A cash success fee amounting to 6.0% of the total equity capital raised will be payable to ECM. This fee is intended to cover third-party expenses, with the remaining success fee to be paid by the Company from the capital raising proceeds, prioritizing this payment above all others.
  • Debt Success Fee: A cash success fee of 3.0% of the total amount of debt funding (or similar instruments) raised will be payable to ECM. Similar to the equity fee, third-party costs will be deducted from this fee, with the balance due to ECM upon successful debt financing completion, also prioritized over other payments.

This strategic mandate between Recharge and ECM signifies a pivotal advancement in the development and financing of the Pocitos Project. Through this collaboration, Recharge aims to secure the necessary capital to drive the Project forward, leveraging ECM’s expertise to navigate the complexities of capital raising and strategic growth initiatives.

About Eden Capital Markets Pty Limited

Eden Partners, based in Perth, Western Australia, is a dedicated funds management and corporate advisory firm with a strong commitment to fostering positive change in the global natural resources sector. Symbolized by the Eden tree, the firm’s values and commitment  in addressing sustainability, ESG issues, climate change, and reducing carbon emissions. This is reflected through both their managed investments and operations. Eden operates its funds management business through Eden Asset Management Pty Ltd, holding an Australian Financial Services Licence (the “AFSL”), and its corporate advisory services through Eden Capital Markets Pty Limited. For more details, visit Eden Capital.

“Partnering with Recharge Resources on their journey to develop the Pocitos project is a pivotal moment for both our companies. At Eden Capital Markets, we’re not just focused on the financials; we’re  committed to supporting projects that have a lasting positive impact on the environment and society. This advisory mandate with Recharge allows us to blend our financial expertise with our dedication to environmental, social, and governance (ESG) principles. We are excited to assist Recharge in navigating the financial landscape to secure the necessary funding, all while ensuring the Pocitos project aligns with sustainable and responsible development practices. It’s about creating value that benefits shareholders and the planet alike,” remarked Nicholas Boyd-Mathews, Executive Director ESG and Chief Investment Officer.

Drilling Permits

As previously reported on February 6th, 2024, Recharge announced securing drill permits for two wells in Pocitos 1 and three in Pocitos 2. Negotiations with a driller for a five-well campaign are concluding. Applications to the Ministerio de Produccion y Desarrollo Sustentable‎ del Gobierno de Salta (Minister of Production and Sustainable Development) (the “MPSD”) propose drilling 6 wells in Pocitos 1 (2 for production at 20-25cm diameter) and 4 in Pocitos 2 (2 for production). All 10 wells will be drilled in HQ, with selected ones expanded for pumps, and the rest monitoring aquifer levels.

The objective of this drill program will be to upgrade the recently announced NI 43-101 Inferred Mineral Resource Estimate (“MRE”) by providing drill hole, porosity, and permeability. Given the drill hole spacing, the Company’s geologists will be targeting a proven and probable category as well as collecting pre-engineering pumping data in preparation for building a Ekosolve™ direct lithium extraction (“DLE”) pilot plant and follow-on full scale 20,000 tonne per year plant (“TPY”) at the project.

“Embarking on this journey with Eden Capital Markets, under the guidance of Nicholas Boyd-Mathews and his team, signifies a monumental step forward for our operations in Argentina. The financing and upcoming five-well campaign are not just pivotal for our growth but also embody our commitment to ESG principles in every aspect of our work. Eden Capital Markets commitment for ESG and strategic financial planning will undoubtedly enhance our efforts to implement sustainable practices while driving our projects to new heights. This partnership is a testament to our dedication to responsible development and our ambition to set new standards in the industry,” said Phillip Thomas, COO and Director of Recharge Resources Ltd.

About Pocitos Lithium Brine Project

The Pocitos Project is located approximately 10 km from the township of Pocitos where there is gas, electricity, and accommodation. The Pocitos Project is approximately 1,332 hectares and is accessible by road. Collective exploration totals over US$2.0 million developing the project, including surface sampling, trenching, TEM, and MT geophysics, and drilling three wells that had outstanding brine flow results. Locations for immediate follow up drilling have already been designed and identified for upcoming exploration.  Lithium values of 169 ppm from drill hole 3 packer test assayed from laboratory analysis conducted by Alex Stewart were recorded during the project’s December 2022 drill campaigns. A double packer sampling system in HQ Diamond drill holes were drilled to a depth of up to 409 metres. The flow of brine was observed to continue for more than five hours. All holes had exceptional brine flow rates.

Ekosolve Ltd produced lithium carbonate at a purity of 99.89%, where extraction of the lithium from the brines was above 94% i.e. 159 ppm of lithium would have been recovered from 169 ppm.

The company has published a NI 43-101 compliant Inferred Mineral Resource Estimate (“MRE”) for the Pocitos Lithium Brine Project which has been estimated at 143,000 tonnes of in-situ lithium metal, and 13,000 tonnes lithium metal yield (using porosity estimates) which equates to a lithium carbonate equivalent (“LCE”) of 760,000 tonnes and 69,000 tonnes respectively. The LCE is calculated from the ratio of lithium carbonate (Li2CO3) to Li metal (5.32:1). The calculations assume no process losses. See press release dated December 20th, 2023.

The full NI 43-101 Report dated December 18, 2023, and entitled “Technical Report For The Pocitos 1 and II, Salta Province, Argentina”, can be found on SEDAR+ under the Company’s issuer profile at www.sedarplus.com.

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.

RECHARGE RESOURCES COMMENCES DRILL PREPARATIONS TO UPGRADE AND EXPAND MINERAL RESOURCE ESTIMATE OF 760,000 TONNES LITHIUM CARBONATE EQUIVALENT AT POCITOS LITHIUM BRINE PROJECT

Vancouver, BC – March 12, 2024Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL50: Frankfurt) is pleased to announce the Company has arranged for Jason Van Den Akker, a senior hydrologist and geologist with WSP Australia to visit Pocitos 1 and 2 with Recharge’s COO Phil Thomas during the week of March 18, 2024 in preparation for the company’s 2024 production diameter drill program for the expansion and upgrading of Recharge’s previously announced mineral resource estimate of 760,000 tonnes LCE at its Pocitos Lithium Brine project near the town of Pocitos in Salta, Argentina. (See press release dated December 20th, 2023)

Figure 1: Shows the approved drill locations (PCT 24-1 to 12) of which 6-8 will be converted to production wells to pump brine to the proposed 20,000 tonne Ekosolve™ plant.

The Company’s key milestones are:

  • Complete analysis of MT geophysics with WSP to confirm exact well hole locations.
  • Complete contract with Cuartz Drilling Co for drilling wells and start date
  • Complete contract with downhole borehole magnetic resonance geophysics for selected wells  
  • Complete drill core porosity tests for resource calculation in Australia
  • Select wells for production from flow tests
  • WSP to prepare and complete upgraded Mineral Resource estimate
  • Cuartz drilling converts 6-8 of the exploration HQ diameter wells to production wells and conducts further flow tests
  • Ekosolve provides engineering data and WSP complete a Proven and Probable reserve MRE estimate.

Figure 2: Graphic showing Pocitos salar, proximity to Rincon, Arizaro, Cauchari salars and extinct volcanoes contributing lithium in blue. Orange area is Pocitos 1 and 2 claims.

MT Geophysics Analysis

Resistivity is a key indicator and the values less than 1.0 0hm.m are considered exceptional.  The drill hole is shown 24-12 is intercepting an area 0.4-0.6ohm.m.

Figure 3: Cross section on Pocitos 2 with drill well PCT 24-12 shown to 400m depth.

CEO and Director David Greenway expressed his enthusiasm for the company’s growth trajectory.  “We are delighted WSP are able to visit the Pocitos project in March with the Recharge Resources team. The Company will progress from an explorer to a pivotal stage defining our Mineral Resource estimate from a resource to a reserve when drilling is completed.  This will lead to the pilot plant phase when we plan to build a small Ekosolve plant prior to expansion to 20,000 tonnes name plate production capacity.”

About Pocitos Lithium Brine Project

The Pocitos Project is located approximately 10 km from the township of Pocitos where there is gas, electricity, and accommodation. The Pocitos Project is approximately 1,332 hectares and is accessible by road. Collective exploration totals over US$2.0 million developing the project, including surface sampling, trenching, TEM and MT geophysics and drilling three wells that had outstanding brine flow results. Locations for immediate follow up drilling have already been identified for upcoming exploration.  Lithium values of 169 ppm from drill hole 3 packer test assayed from laboratory analysis conducted by Alex Stewart were recorded during the project’s December 2022 drill campaigns. A double packer sampling system in HQ Diamond drill holes were drilled to a depth of up to 409 metres. The flow of brine was observed to continue for more than five hours. All holes had exceptional brine flow rates.

Ekosolve Ltd produced lithium carbonate at a purity of 99.89%, where extraction of the lithium from the Pocitos brines was above 94% i.e. 159 ppm of lithium would have been recovered from 169 ppm.

The company has published a NI 43-101 compliant Inferred Mineral Resource Estimate (MRE) for the Pocitos Lithium Brine Project compiled by WSP geohydrological consultants which has been estimated at 143,000 tonnes of in-situ lithium metal, and 13,000 tonnes lithium metal yield (using porosity estimates) which equates to a lithium carbonate equivalent (“LCE”) of 760,000 tonnes and 69,000 tonnes respectively. The LCE is calculated from the ratio of lithium carbonate (Li2CO3) to Li metal (5.32:1). The calculations assume no process losses. See press release dated December 20th, 2023.

The full NI 43-101 Report dated December 18, 2023, and entitled “Technical Report For The Pocitos 1 and II, Salta Province, Argentina”, can be found on SEDAR+ under the Company’s issuer profile at www.sedarplus.com.

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, energy storage 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.

RECHARGE RESOURCES ISSUED DRILL PERMIT FOR POCITOS ONEDRILL PROGRAM TO FURTHER DEFINE ITS NI 43-101 INFERREDMINERAL RESOURCE ESTIMATE OF 143,000 TONNES LITHIUMMETAL 760,000 TONNES LITHIUM CARBONATE EQUIVALENT

Vancouver, BC –February 6th, 2024 – Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL50: Frankfurt) is pleased to announce that it has secured drill permits for two wells in the Pocitos 1 block and three wells in the Pocitos 2 block.  Negotiations are being finalised with a driller to start the initial five well campaign.  Applications have been made to  the Ministerio de Produccion y Desarrollo Sustentable‎ del Gobierno de Salta (Minister of Production and Sustainable Development) (the “MPSD”) to drill a total of 6 wells in the Pocitos 1 block of which two will be earmarked for production at 20-25cm diameter  and a total of 4 wells in the Pocitos 2 block of which two will be production diameter.  All ten wells will be drilled in HQ and then the selected production wells will be expanded in diameter and fitted with pumping equipment.  The remaining wells will be used to monitor aquifer levels. 

The two wells for the Pocitos 1 block approved that were recently announced (January 2nd, 2024) at the Pocitos Lithium Brine Project (the “Project”), are located 10km from the Pocitos township in Salta Province, Argentina.  Ancillary preparations for food and housing are currently being arranged.

The objective of this drill program will be to upgrade the recently announced NI 43-101 Inferred Mineral Resource Estimate (“MRE”) by providing drill hole, porosity and permeability. Given the drill hole spacing,  the Company’s geologists will be targeting a  proven and probable category as well as collecting pre-engineering pumping data in preparation for building a Ekosolve™ direct lithium extraction (“DLE”) pilot plant and follow on full scale 20,000 tonne per year plant (“TPY”) at the project.

The recently announced MRE for the Pocitos Lithium Brine Project was prepared by WSP Australia Pty Ltd (“WSP”) and was estimated at 143,000 tonnes of in-situ lithium metal, and 13,000 tonnes lithium metal yield (using porosity estimates) which equates to a lithium carbonate equivalent (“LCE”) of 760,000 tonnes and 69,000 tonnes respectively. The LCE is calculated from the ratio of lithium carbonate (“Li2CO3”) to Li metal (5.32:1). The calculations assume no process losses.  In the latest pilot plant test at Ekosolve 94.9% of the lithium metal was extracted as lithium chloride and converted to battery grade lithium carbonate .

See press release dated December 20th, 2023 here.

The geophysics and block model prepared by WSP shows a sandy unit extending across Pocitos 1 that has higher porosity – refer Page 14-4 NI 43-101 Report “NI 43-101 technical Report- Pocitos I and II, Salta Province, Argentina” . Our geology team is keen to drill this area to define the magnitude of the sandy halite unit and the brines it contains.

WSP indicated in the Report at the December 4, 2023, Li2CO3 price of USD $16,573/tonne, the annual revenue is estimated at USD$338 million (for a 20,000 TPY plant).  Operating costs were estimated by Ekosolve Ltd  to be $2,300 – $2,750 per tonne or USD$55m at $2,700 per tonne in the WSP NI 43-101 report.

Supply and Demand

Benchmark Minerals have confirmed in their “Trillion dollar battery” 2023 paper that there are 238 gigafactories currently producing LFP and other lithium batteries requiring an estimated three million tonnes of lithium carbonate by 2030.  There are more than 60 additional gigafactories being built to achieve a total  estimated 8.9 terawatts of capacity (8,900,000,000,000 watts). The top 10 lithium producers in the world are currently producing a total of 715,000 tonnes in 2023.  This represents just 23% of the 2030 demand estimate.

Figure 1: View of the pad and rig at Pocitos 1 in November 2022.  (Pocitos)

About WSP

WSP is a leading global consultancy with expertise in hydrology and lithium brine resource estimates. WSP provides strategic advisory, engineering, and design services to clients seeking sustainable solutions in the transportation, infrastructure, environment, building, energy, water, and mining sectors. Its 67,000 trusted professionals are united by the common purpose of creating positive, long-lasting impacts on the communities it serves through a culture of innovation, integrity, and inclusion. In 2022, WSP reported $11.9 B (CAD) in revenue. The Corporation’s shares are listed on the Toronto Stock Exchange (TSX: WSP).

Figure 2: View of the mining road to exploration well PCT-22-01 (Pocitos I) with rig mast in background.

This is another milestone in the Company’s endeavour to build up to a 20,000-tonne Ekosolve™ direct lithium extraction plant at the Pocitos project in order to supply Richlink Capital Pty. Ltd. (“Richlink”) up to 20,000 tonnes of lithium carbonate per year, as previously announced under a letter of intent of offtake.

Figure 3: shows the location of the Project, and the road access to the project from Salta including the projects proximity to the Rincon project, originally explored and developed by Recharge’s COO and QP Phillip Thomas which was later sold to Rio Tinto for $825 Million

David Greenway, President, and CEO commented, “I am delighted with our drill permit progress and the recently announced inferred mineral resource estimate of 760,000 tonnes LCE prepared by WSP geologists, hydrogeologists, and project engineers. I am thrilled to now have drill permits in hand to continue developing this project both to reclassify the resource to proven and probable but also as a pre-engineering step in preparation for a pilot plant and the company’s ultimate goal of producing 20,000 tonnes per year at the Pocitos lithium brine project.”

About Pocitos Lithium Brine Project

The Pocitos Project is located approximately 10 km from the township of Pocitos where there is gas, electricity, and accommodation. The Pocitos Project is approximately 1,332 hectares and is accessible by road. Collective exploration totals over US$2.0 million developing the project, including surface sampling, trenching, TEM and MT geophysics and drilling three wells that had outstanding brine flow results. Locations for immediate follow up drilling have already been designed and identified for upcoming exploration.  Lithium values of 169 ppm from drill hole 3 packer test assayed from laboratory analysis conducted by Alex Stewart were recorded during the project’s December 2022 drill campaigns. A double packer sampling system in HQ Diamond drill holes were drilled to a depth of up to 409 metres. The flow of brine was observed to continue for more than five hours. All holes had exceptional brine flow rates.

Ekosolve Ltd produced lithium carbonate at a purity of 99.89%, where extraction of the lithium from the brines was above 94% i.e. 159 ppm of lithium would have been recovered from 169 ppm.

The company has published a NI 43-101 compliant Inferred Mineral Resource Estimate (MRE) for the Pocitos Lithium Brine Project which has been estimated at 143,000 tonnes of in-situ lithium metal, and 13,000 tonnes lithium metal yield (using porosity estimates) which equates to a lithium carbonate equivalent (“LCE”) of 760,000 tonnes and 69,000 tonnes respectively. The LCE is calculated from the ratio of lithium carbonate (Li2CO3) to Li metal (5.32:1). The calculations assume no process losses. See press release dated December 20th, 2023.

The full NI 43-101 Report dated December 18, 2023, and entitled “Technical Report For The Pocitos 1 and II, Salta Province, Argentina”, can be found on SEDAR+ under the Company’s issuer profile at www.sedarplus.com.

Figure 4. Pocitos Lithium Claim Map

Qualified Person

Phillip Thomas, BSc Geol, MBusM, FAusIMM, MAIG, MAIMVA, (CMV), a Qualified Person as defined under NI 43-101 regulations, has reviewed the technical information that forms the basis for portions of this news release, and has approved the disclosure herein. Mr. Thomas has joined the Company in the capacity of COO and Director on 21 November 2023. He is a shareholder. 

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.

RECHARGE RESOURCES ISSUED DRILL PERMIT FOR POCITOS TWO DRILL PROGRAM TO FURTHER DEFINE ITS NI 43-101 INFERRED MINERAL RESOURCE ESTIMATE OF 143,000 TONNES LITHIUM METAL 760,000 TONNES LITHIUM CARBONATE EQUIVALENT

Vancouver, BC –January 2nd, 2024 – Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL50: Frankfurt) is pleased to announce the Ministerio de Produccion y Desarrollo Sustentable‎ del Gobierno de Salta (Minister of Production and Sustainable Development) (the “MPSD”) has approved the Company’s drill permit for an additional two 2 wells on the Pocitos 2 block at the Pocitos Lithium Brine Project (the “Project”), located near Pocitos township in Salta Province, Argentina.

POCITOS I AND II  LITHIUM NI 43-101 INFERRED MINERAL RESOURCE ESTIMATED AT 143,000 TONNES LITHIUM METAL 760,000 TONNES LITHIUM CARBONATE EQUIVALENT

Vancouver, BC –December 20, 2023 – Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL50: Frankfurt) is pleased to announce the Inferred Mineral Resource Estimate (MRE) for its Pocitos I and II Lithium Brine Project (“the project”) in Salta Province Argentina has been estimated at 143,000 tonnes of in-situ lithium metal, and 13,000 tonnes lithium metal yield (using porosity estimates) which equates to a lithium carbonate equivalent (“LCE”) of 760,000 tonnes and 69,000 tonnes respectively. The LCE is calculated from the ratio of lithium carbonate (Li2CO3) to Li metal (5.32:1). The calculations assume no process losses.

POCITOS LITHIUM NI 43-101 INFERRED MINERAL RESOURCE ESTIMATED AT 143,000 TONNES LITHIUM METAL 760,000 TONNES LITHIUM CARBONATE EQUIVALENT

Vancouver, BC – December 20, 2023 – Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL50: Frankfurt) is pleased to announce the Inferred Mineral Resource Estimate (“MRE”) for its Pocitos I and II Lithium Brine Project (“Pocitos” or “the Project”) located in Salta Province Argentina has been estimated at 143,000 tonnes of lithium metal, which when calculated for lithium carbonate equivalent (“LCE”) is 760,000 tonnes – enough for a 38 year mine life at 100% recovery assumption.

RECHARGE RESOURCES ACQUIRES POCITOS II

Vancouver, BC – December 19, 2023 – Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL50: Frankfurt) is pleased to announce that it has finalised negotiations to acquire the adjacent concession Pocitos II Lithium Brine Project (“Pocitos II”) that covers 532 hectares increasing the Pocitos area project to a total of 1,332 hectares, located near Pocitos township in Salta Province, Argentina.

POCITOS ONE WSP FINAL DRAFT NI 43-101 INFERRED MINERAL RESOURCE ESTIMATE RECEIVED FOR INTERNAL REVIEW

Vancouver, BC –December 14, 2023 – Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL50: Frankfurt) is pleased to announce the WSP Inferred Mineral Resource Estimate (MRE) report for its Pocitos One Lithium Brine Project (“Pocitos 1” or “the project”) in Salta Province Argentina called “NI 43-101 Technical Report Pocitos Project, Salta Province, Argentina” has been received and is currently being reviewed by our QP and other data providers such as Ekosolve.  The report contains information and estimates on the next milestones of drilling, a production well and a 20,000 tonne Ekosolve plant.