Recharge Resources Ltd C.RR

Expanded Drill Plan Following 99.89% Grade Lithium Carbonate

[MarketMakerss]

Driven by the demand for electric vehicles, a market expected to reach $35 trillion by 2035, Recharge Resources (RR.c RECHF) has emerged as a high-potential contender in the lithium industry with the delivery of 99.89% grade lithium carbonate.

Awaiting its much-anticipated NI 43-101, RR recently announced its expanded production and resource well plans at its Pocitos 1 Lithium Brine Project, with 3 additional holes to be drilled to expand on the maiden resource and reclassifying it to the proven and probable category.

Notably, one of three wells will be drilled to a production diameter in preparation for the installation of 4-6 other production wells to allow up to 20,000 tonnes per year of lithium carbonate/lithium chloride to be produced from the proposed plant at the Project.

RR President and CEO, David Greenway, commented:

"Recharge Resources is looking forward to its upcoming NI 43-101 compliant maiden resource estimate with follow on drilling with an objective of increasing the size and confidence of the resource as well as preparing the project for the company’s ultimate goal of being production ready in preparation of the construction of an Ekosolve plant at the Pocitos 1 Project.”

Spanning 800 hectares, lithium values of 169 ppm have been recorded at RR's Pocitos 1 Project and RR is currently awaiting the completion of process engineering work to produce and assay the lithium carbonate being produced.

The recent delivery of 99.89% grade lithium carbonate from RR's Pocitos 1 Lithium Brine Project using Ekosolve's lithium carbonate production system is a major milestone for the project as it far exceeds the purity requirement for battery grade lithium and is the quality for pharmaceutical grade.

For more information, refer to the latest news release: https://recharge-resources.com/news/recharge-production-well-and-resource-expansion-well-drilling-plan-at-the-pocitos-1-lithium-brine-project/

Posted on behalf of Recharge Resources Ltd.