(TheNewswire)
Vancouver, BC – TheNewswire - January 16 , 2024 - Recharge Resources Ltd.("Recharge" or the "Company") ( CSE: RR) ( OTC: RECHF) (Frankfurt: SL5 ) is pleased toannounce the Company has appointed Mr. Richard Robins, MBA, to therole of Corporate Secretary and Chief Financial Officer ( “CFO” ).
The Company would also like to announce the resignationof Natasha Sever from her role as CFO and Corporate Secretary. Natashahas been an invaluable asset to our team, demonstrating exceptionalleadership and dedication throughout her tenure. She has decided topursue new endeavors, and while we are saddened to see her go, weextend our deepest gratitude to Natasha for her significantcontributions, unwavering commitment, and the invaluable expertise shebrought to the Company.
About Richard Robins, B.A.,MBA
Mr. Richard Robins is a seasoned financial executivewith over twenty years of distinguished leadership and extensiveexpertise across multiple sectors, including banking, financialtechnology (FinTech), mining, and public companies. His impactfulcontributions have left an indelible mark on the financial landscape,demonstrating remarkable acumen and strategic prowess.
Notably, his tenure as Chief Financial Officer atInternational Battery Metals Ltd. exemplified his exceptionalleadership, steering the company through a successful public listingon the TSX Venture Exchange before strategically transitioning to theCSE. This pivotal move marked a significant milestone, shaping thecompany's trajectory under Mr. Robins' guidance. International BatteryMetals Ltd., an innovative lithium exploration and extractiontechnology company, currently boasts a market capitalization ofapproximately $200 million, a testament to Mr. Robins' exemplarystewardship during his tenure. His strategic insights and pivotal rolehave been instrumental in the compa ny'ssuccess.
Before his impactful role at International BatteryMetals Ltd., Mr. Robins honed his skills through progressiveleadership positions at esteemed banking institutions, including TDBank, Citibank, Peoples Trust Company and Vancouver City SavingsCredit Union. His diverse experience equipped him with invaluableinsights that have consistently contributed to his success.
Beyond his professional endeavors, Mr. Robins iscommitted to philanthropic endeavors and serves on the Board ofDirectors of Odd Squad Productions Society, a registerednot-for-profit charitable organization delivering prevention programsfor youth in the Lower Mainland, throughout BC, across Canada, andworldwide.
Mr. Robins earned his B.A., in Economics from McGillUniversity in Montreal and holds a Master of business Administrationspecializing in Marketing & Entrepreneurial Studies from theSchulich School of Business at York University in Toronto.
CEO and Director David Greenwayexpressed his enthusiasm for the company's growth trajectory and thestrategic appointment of Mr. Robins: "We are thrilled to welcomeRichard Robins to the Recharge Resources team. His extensive financialexpertise and strategic acumen will undoubtedly bolster our efforts as we progress from an explorerto a pivotal stage defining our 760,000 tonnes inferred resource tothe pilot plant phase."
Greenway further commented,"Natasha Sever has been an integral part of our journey, steeringthe financial aspect during a crucial period of transition. We extendour sincerest appreciation for her dedication and wish her the verybest in her future endeavors."
"Recharge Resources is enteringan exciting phase, and I am honored to join this dynamic team,"said Richard Robins, incoming CFO. "I look forward tocontributing to the company's continued success as we progress towardoperationalizing our resource potential and creating sustainable valuefor our stakeholders."
The company has agreed to issue to Mr. Robins 150,000Restricted Share Units (“RSU’s”) and 100,000 Stock Options(“Options”) exercisable at $0.40 for a period of twelve months.
About Pocitos Lithium BrineProject
The Pocitos Project is located approximately 10 km fromthe township of Pocitos where there is gas, electricity, andaccommodation. The Pocitos Project is approximately 1,332 hectares andis accessible by road. Collective exploration totals over US$2.0million developing the project, including surface sampling, trenching,TEM and MT geophysics and drilling three wells that had outstandingbrine flow results. Locations for immediate follow up drilling havealready been identified for upcoming exploration. Lithium values of169 ppm from drill hole 3 packer test assayed from laboratory analysisconducted by Alex Stewart were recorded during the project’sDecember 2022 drill campaigns. A double packer sampling system in HQDiamond drill holes were drilled to a depth of up to 409 metres. Theflow of brine was observed to continue for more than five hours. Allholes had exceptional brine flow rates.
Ekosolve Ltd produced lithium carbonate at a purity of99.89%, 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 compliantInferred Mineral Resource Estimate ( MRE ) for the PocitosLithium Brine Project compiled by WSP geohydrological consultantswhich has been estimated at 143,000 tonnes of in-situ lithium metal,and 13,000 tonnes lithium metal yield (using porosity estimates) whichequates to a lithium carbonate equivalent (“LCE”) of 760,000tonnes and 69,000 tonnes respectively . The LCE is calculated from the ratio of lithiumcarbonate (Li 2 CO 3 ) to Li metal(5.32:1). The calculations assume no process losses. See press releasedated December 20 th , 2023 .
The full NI 43-101 Report dated December 18, 2023, andentitled “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 explorationcompany focused on exploring and developing the production ofhigh-value battery metals to create green, renewable energy to meetthe demands of the advancing electric vehicle and fuel cell vehiclemarket.
All Stakeholders are encouraged to follow the Companyon its social media profiles on , , and Instagram .
On Behalf of the Board ofDirectors
“David Greenway”
David Greenway, CEO
For further information, pleasecontact:
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 itsRegulation Services Provider (as that term is defined in the policiesof the CSE) accepts responsibility for the adequacy or accuracy ofthis release.
Disclaimer for Forward-LookingInformation
Certain statements in this releaseare forward-looking statements, which reflect the expectations ofmanagement regarding Recharge’s intention to continue to identifypotential transactions and make certain corporate changes andapplications. Forward looking statements consist of statements thatare not purely historical, including any statements regarding beliefs,plans, expectations, or intentions regarding the future. Suchstatements are subject to risks and uncertainties that may causeactual results, performance, or developments to differ materially fromthose contained in the statements. No assurance can be given that anyof the events anticipated by the forward-looking statements will occuror, if they do occur, what benefits Recharge will obtain from them.These forward-looking statements reflect managements’ current viewsand are based on certain expectations, estimates and assumptions whichmay prove to be incorrect. A number of risks and uncertainties couldcause actual results to differ materially from those expressed orimplied by the forward-looking statements, including Recharge’sresults of exploration or review of properties that Recharge doesacquire. These forward-looking statements are made as of the date ofthis news release and Recharge assumes no obligation to update theseforward-looking statements, or to update the reasons why actualresults differed from those projected in the forward-lookingstatements, except in accordance with applicable securitieslaws.
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