News

RECHARGE RESOURCES ANNOUNCES INTENTION TO SPIN-OUT PINCHI NICKEL PROJECT TO CREATE A NEW PUBLIC COMPANY “NEXTCHARGE METALS” OWNED BY EXISTING RECHARGE SHAREHOLDERS

Vancouver, BC – October 20th, 2022 – Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL50: Frankfurt) announces plans to transfer it’s 100% owned Pinchi Lake Nickel Project, located approximately 15 to 30 km northwest of Fort St. James and 120 km northwest of Prince George in central British Columbia, to a new subsidiary (“SpinCo” or “NextCharge”), provide funding to SpinCo, then spin-out the shares of SpinCo (“SpinCo Shares“) to Recharge’s shareholders of record on a 1 for 3 basis. Recharge’s shareholders would end up owning shares in both Recharge and SpinCo in these proposed proportions.

RECHARGE RESOURCES DRILLING UNDER WAY AT POCITOS 1 LITHIUM BRINE PROJECT

Vancouver, BC – October 17, 2022 – Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL50: Frankfurt) is pleased to announce it has commenced drilling this past Saturday after the Company received final approvals from Argentina’s Department of Mines, mining court for the Company’s drilling for exploration and production diameter well at its “Pocitos 1” Salar Lithium Brine Project in Salta, Argentina.

RECHARGE RESOURCES RECEIVES MINING COURT APPROVAL FOR DRILLING PRODUCTION READY WELL AT POCITOS 1 LITHIUM SALAR

Vancouver, BC – October 13, 2022 – Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL50: Frankfurt) is pleased to announce it has received final approvals from Argentina’s Department of Mines, mining court for the Company’s drilling for exploration and production diameter well at its “Pocitos 1” Salar Lithium Brine Project in Salta, Argentina. The drill rig is being moved to the property today with the expectation of the commencement of drilling in the next 7 days. Drilling will be ongoing for 7-10 days thereafter. Upon completion of drilling the production diameter well, samples will be sent to Ekosolve to convert the lithium brine to battery grade lithium. During that time, flow testing will take place for 5 days and then an additional 30 days.

RECHARGE RESOURCES DRILLING CAMP CONSTRUCTION COMPLETED FOR IMMINENT PRODUCTION-READY DRILL PROGRAM

Vancouver, BC – October 11, 2022 – Recharge Resources Ltd. (‘Recharge’) (RR: CSE) (RECHF: OTC) (SL50: Frankfurt) announced today that its drill camp, including accommodation, is complete for the fully funded production-ready well drill program at the Pocitos 1 Lithium Brine Project in Salta, Argentina. Recharge’s CEO, QP, and consultants will be on site for the commencement of drilling.

RECHARGE RESOURCES ADDS FORMER GENERAL MANAGER OF INVESTMENTS AT BARCLAYS BANK NZ TO SENIOR ADVISORY BOARD

Vancouver, BC – October 5, 2022 – Recharge Resources Ltd. (‘Recharge’) (RR: CSE) (RECHF: OTC) (SL50: Frankfurt) announced today that Mr. John Percival is joining the senior advisory board. He will advise the Company on plant financing for the recently announced Ekosolve Agreement to build up to a 20,000-tonne lithium extraction plant at the Pocitos 1 Project in Argentina for supplying lithium to Richlink and its clients, as announced September 30th, 2022.

RECHARGE RESOURCES EXECUTES OFFTAKE LETTER OF INTENT TO SUPPLY BETWEEN 10,000 AND 20,000 TONNES OF LITHIUM WITH RICHLINK CAPITAL PTY LTD

Vancouver, BC – September 30th, 2022 – Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL50: Frankfurt) ) is pleased to announce the Company has executed a Letter of Intent (the “LOI”) with Richlink Capital Pty Ltd. (“Richlink”) for the supply of a minimum of 10,000 up to 20,000 tonnes annually of lithium chloride or, at Richlink’s discretion, lithium carbonate to two of their clients in China (the “Proposed Supply Transaction”) from the Pocitos 1 Lithium Brine Project in Salta, Argentina where the Company is about to embark on a production ready well drill program.

RECHARGE RESOURCES EXECUTES TECHNOLOGY LICENCE AGREEMENT FOR UP TO 20,000 TONNE LITHIUM EXTRACTION PLANT FOR POCITOS 1 PROJECT

Vancouver, BC – September 27th, 2022 – Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL50: Frankfurt) is pleased to announce that the Company has executed a technology licence agreement for countrywide use of Ekosolve™️ Lithium Solvent Exchange Extraction equipment to build a lithium plant capable of producing up to 20,000 tonnes of lithium carbonate annually at the Pocitos 1 Lithium Project in Salta, Argentina.  According to Trading Economics, lithium is currently selling in the spot market at 501,193 Yuan per tonne or the equivalent of US$70,259 per tonne.

RECHARGE RESOURCES CONSTRUCTION UNDERWAY FOR DRILLING PRODUCTION READY WELL AT POCITOS 1 LITHIUM BRINE PROJECT

Vancouver, BC – September 22nd, 2022 – Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL50: Frankfurt) is pleased to announce that road construction and preparations are underway for the Company’s imminent drilling campaign at its “Pocitos 1” Lithium Brine Project in Salta, Argentina. The Pocitos community has been extremely helpful and signed a memorandum confirming the Company’s drilling program.

RECHARGE RESOURCES DRILL CONTRACT EXECUTED FOR UPCOMING DRILLING OF PRODUCTION READY WELL AT ITS POCITOS 1 LITHIUM BRINE PROJECT

Vancouver, BC – September 20th, 2022 – Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL50: Frankfurt) is pleased to announce the Company’s project manager has entered into a drill contract for the Company’s imminent drilling campaign for its “Pocitos 1” Lithium Brine Project in Salta, Argentina. The Company has advanced an additional USD $141,880 to the fully-funded production diameter well drill program.