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Recharge Resources Ltd C.RR

Alternate Symbol(s):  RECHF

Recharge Resources Ltd. is a Canada-based mineral exploration company. The Company is focused on exploring and developing the production of high-value battery metals to create green, renewable energy. The Company’s projects include Murray Ridge, Georgia Lake West and North Lithium, Pocitos 1, and Pocitos 2. The Company has a 100% interest in three mineral claims located in the Omineca Mining Division, British Columbia. The Murray Ridge property of the First Point Minerals, approximately 60 kilometers (km) northwest. Georgia Lake North & West lithium properties are contiguous and on trend with RockTech Lithium (RCK-CSE) Georgia Lake lithium property that is located approximately 160 km northeast of Thunder Bay within the Thunder Bay Mining Division and is host to a number of spodumene-bearing pegmatites. Pocitos 1 is an 800 hectares lithium brine project located in the Salar de Pocitos, in the lithium-rich Puna region of northwestern Argentina.


CSE:RR - Post by User

Recharge Resources Ltd
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Post by MarketMakersson Mar 02, 2023 6:40pm
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Post# 35316340

RR w/ potential to replicate the $1.47B MBG deal

RR w/ potential to replicate the $1.47B MBG deal
Lithium stocks have been performing well over the past few weeks with automakers and mining companies aggressively looking for supply ahead of the forecasted lithium demand increase.
 
One company that is set to benefit is Recharge Resources ($RR.c $RECHF). With an aggressive spring 2023 field program incoming, RR has approved an initial recon prospecting program at its 100% owned Georgia Lake lithium project in the Thunder Bay Mining Division in Ontario.
 
Notably, this property is immediately contiguous to Rock Tech Lithium ($RCK) who recently signed a supply agreement with Mercedes-Benz ($MBG) for ~10,000 tonnes of battery-grade lithium hydroxide per year. This partnership has a value over 5 years of US$1.47B and will provide enough lithium hydroxide for 150,000 cars a year; hinting at what's to come for RR
 
Posted on behalf of Recharge Resources Ltd

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