Post by
MarketMakerss on Dec 13, 2023 5:01pm
RR Adopts Formal ESG Policy
With a range of upcoming milestones, Recharge Resources (RR.c RECHF) has adopted a formal environmental social governance policy ahead of its highly anticipated NI 43-101 maiden resource estimate at the Pocitos One Lithium Brine Project in Argentina.
Previously, RR announced it had executed a technology license agreement for the countrywide use of Ekosolve Lithium Solvent Extraction equipment to build a lithium plant capable of producing up to 20,000 tonnes of lithium carbonate annually at the project.
Notably, "The process can efficiently manage the processing of the brines to produce lithium chloride or lithium carbonate with a grade higher than 99.5% and a recovery of more than 95%, far exceeding any published Direct Lithium Extraction method available to date."
The high rate of lithium yield targeting 95%+ is the key advantage of the Ekosolve system, as operating costs are reduced by more than 90% as more than 98.5% of the solvent is reclaimed after each cycle, with the solvents being biodegradable.
RR CEO David Greenway commented:
“Recharge aspires to become a leader in the battery minerals industry to support the transition to a carbon-free economy, while growing shareholder value through the sustainable development and operation of our assets.”
” As we embark on our journey at the Pocitos Lithium Brine Project we look to embed our new ESG policy into every corporate, development and operational aspect of our business throughout their lifecycles, we do so believe that this approach will maximise the benefits our organisation delivers to all stakeholders for the long term.” Recharge’s Greenway said.
Having completed drilling the third hole at Pocitos which achieved 169ppm lithium assay, RR is currently awaiting permits for its upcoming 3 well 2023 drill program to expand on the maiden resource and reclassify it to the proven and probable category.
Posted on behalf of Recharge Resources Ltd.
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