Diversified Portfolio
Recharge Resources focuses on exploration and development of the three high demand battery metals including Lithium, Nickel, and Cobalt. With projects in mining friendly jurisdictions, Recharge Resources is capitalizing on numerous opportunities for expansion within the battery metals industry.
Lithium
Lithium-ion batteries (LIBs) are currently the dominant technology for electric vehicles. Typical automotive LIBs contain lithium (Li), cobalt (Co), and nickel (Ni) in the cathode, graphite in the anode, as well as aluminum and copper in other pack components. Lithium faces the steepest increase in demand, a six-fold increase from the battery sector by 2030. Experts predict that the EV market alone will see a 599% increase in lithium demand from 2019 to 2025.
Nickel
Nickel makes a vital contribution to the lithium-ion batteries that power much of the electric vehicle revolution. LIBs were incorporated into the next generation of electric cars, as their superior power density became critical for moving vehicles over long distances. Using nickel in car batteries offers greater energy density and storage at lower cost, delivering a longer range for vehicles, currently one of the restraints to EV uptake. (Source)
Cobalt
Cobalt is considered the highest material supply chain risk for electric vehicles (EVs) in the short term as battery demand increases. EV batteries can have up to 20 kg of Co in each 100 kilowatt-hour (kWh) pack. Currently, cobalt makes up to 20% of the weight of the cathode in lithium-ion EV batteries. (Source). Cobalt plays an important role in battery production and use. Cobalt boosts the energy density and the life of the battery as it keeps the layered structure stable, while preventing the battery from blowing up.
Projects
Pocitos I & II – Salta, Argentina
Pocitos I and II combined compose a 1,332-hectare lithium brine project located in the Salar de Pocitos, in the lithium-rich Puna region of northwestern Argentina. The basins in this region produce over 52% of the lithium brine resources in the world. After a successful drill campaign at Pocitos I, Recharge Resources signed an option agreement with Spey Resources Corp. for the opportunity to acquire up to 100% undivided interest in the Pocitos II project.
Georgia Lake West & North
The Georgia Lake North & West lithium properties are located approximately 160 km northeast of Thunder Bay within the Thunder Bay Mining Division and is host to a number of spodumene-bearing pegmatites. Based on a total of 351 drill holes with a combined length of 47,384 m an NI43-101 compliant resource estimate of 6.58 million tonnes in the measured and indicated category and 6.72 million tonnes in the inferred category was published in August 2018.
Murray Ridge (Pinchee Lake)
Murray Ridge is composed of approximately 75% nickel, 25% iron and 0% sulfur, and therefore it is considered “natural steel”. Absence of sulfur allows a concentrate to be shipped directly to steel mills without incurring smelting and refining costs, and minimal environmental problems. Geological mapping, prospecting and geochemical soil sampling have confirmed the occurrence of favorable geology and structure on the property, and localized serpentinization associated with ultramafic rocks.
Brussels Creek
The Brussels Creek Project is an early stage gold, copper, palladium exploration project located in the Kamloops Mining District of Kamloops British Columbia. The mineral tenure consists of 66 cells and covers approximately 12.5km2. The claims are located approximately 10 km west of the currently producing New Afton Mines (New Gold Inc) and exhibit a similar geological setting. There are no known abandoned historic precious metal mines or other related facilities within the property boundaries.