Vancouver, BC – September 13, 2022 – Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL50: Frankfurt) is pleased to announce the Company has added co-founder and former CFO of International Battery Metals Ltd. IBAT:CSE (formerly Rheingold Exploration Corp, RGE:CSE), Mr. Richard Robins to its Senior Advisory Board to advise the Company on deal structuring, M&A and strategic partnerships. International Battery Metals Ltd. is a lithium exploration and extraction technology company with a current market capitalization of approximately $555 Million.
Mr. Robins is a financial executive with two decades of experience in banking, financial technology (FinTech), mining and public companies. He has held progressive leadership roles at TD Bank, Citibank, Peoples Trust Company, and Vancouver City Savings Credit Union. Mr. Robins was CFO at International Battery Metals Ltd. (formerly Rheingold Exploration Corp.) (IBAT:CSE) $555.0 Million market cap company), a company which he successfully took public on the TSX Venture Exchange and subsequently moved to the CSE.
CEO and director, David Greenway, states, “Mr. Robins is a great addition to the team’s senior advisory board as ahead of Recharge’s two fully funded drill programs at Brussels Creek and the Pocitos 1 Lithium brine project while working towards NI 43-101 resource establishment. We welcome Mr. Robins to the team.”
Richard Robins, Advisory, stated, “I’m excited to be joining the Recharge advisory team at a time when the company endeavours to take their advanced lithium brine project through to establishing a resource and just prior to the fully funded drilling of their production diameter well in Salta, Argentina.”
About Pocitos 1 Lithium Brine Project
The Pocitos Project is located approximately 10km from the township of Pocitos where there is gas, electricity, mobile telephone, and internet services. Pocitos 1 is approximately 800 hectares and is accessible by road. Previous exploration teams have spent over USD $1.5 million exploring the project, including surface sampling, trenching, TEM geophysics and drilling two 400m holes that had outstanding brine flow results. Locations for immediate follow up drilling have already been designed and identified for upcoming exploration.
Lithium values of up to 125 ppm from Laboratory analysis conducted by Alex Stewart were recorded by A.I.S. Resources Ltd (“AIS”) during the project’s first drill campaign in May 2018. AIS used a double packer sampling system in HQ Diamond drill holes drilled to a depth of 409 metres. The flow of brine was observed to continue for more than 5 hours. Both drill holes had exceptional brine flow rates. Recharge’s plan is to drill a third production ready drill hole to work towards a NI 43-101 mineral resource calculation.
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.
On Behalf of the Board of Directors,
David Greenway, CEO
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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.