Vancouver, BC – August 19, 2022 – Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL50: Frankfurt)
Mr. Segerstrom is a bilingual professional engineer and geologist with more than 38 years of technical, operational and business experience, including exploration, mine geology and operations, and 20 years as a senior executive. Past management positions include manager of the Los Reyes gold-silver project for Prime Mining, chief operating officer of Paramount Gold and Silver Corp., and manager of geology of the Grasberg mining district for Freeport-McMoRan.
After receiving his MSc at the University of Arizona geology department, studying under porphyry copper specialists Dr. John Guilbert and Dr. Spencer Titley, Mr. Segerstrom has focused a good deal of his professional life on porphyry copper-gold and copper-molybdenum deposits in Indonesia, Chile, the United States and Mexico.
Mr. Segerstrom has been involved in several discoveries, including leading the teams that developed new ore reserves totalling 3.4 billion pounds of copper and 3.6 million ounces of gold at Freeport’s giant Grasberg copper-gold porphyry district, as well as a new inferred resource of more than 750,000 ounces of gold and 60 million ounces of silver at Paramount’s San Miguel epithermal project in northern Mexico.
Most recently, he worked for Azucar Minerals Ltd. from 2015 to 2020, exploring and developing the El Cobre project in the state of Veracruz, Mexico, an 11,860-hectare property that contains copper-gold porphyry mineralization over a strike length of four kilometres. To date, Azucar has discovered five copper-gold porphyry zones within the property along an approximately four-to-five-kilometre trend, stretching from Norte down to Encinal in the southeast.
Mr. Segerstrom holds an MSc in economic geology from the University of Arizona, an MBA in global management and is a qualified person under National Instrument 43-101. David Greenway, president and chief executive officer, commented: “Recharge is extremely delighted to have Mr. Segerstrom, an experienced professional geologist with extensive experience operating in the Lithium Triangle, join our board. Larry will be an exceptional source of guidance as the company advances its battery metal and critical elements portfolio forward. On behalf of myself, along with the rest of the board, we welcome Larry and we look forward to his valued insights as the newest part of our team.”
“I feel honoured to be joining the board of Recharge. The company has done excellent work on moving its battery metal and critical element portfolio forward, and I look forward to lending my skills to assist with the company. I look forward to working with David, the board and the senior management team,” stated Mr. Segerstrom.
The company wishes to thank Mr. Warawa for his service to the company and wishes him all the best in future endeavours.
Further, the company has granted an aggregate 2,694,312 restricted share units (RSUs) to consultants of the company. The RSUs are valid for a one-year term and are governed by the company’s RSU plan, approved by the company’s shareholders on Aug. 16, 2022.
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.