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Recharge Resources’ 2023 Drilling Campaign At Pocitos 1 Lithium Brine Project Plans Another Milestone Under Offtake LOI To Supply Up To 20,000 Tonnes Per Year Of Lithium Carbonate Equivalent
Vancouver, BC, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL5: Frankfurt) announces the Com
About this update from Uranium One Mining Corp.
[{"type":"text","content":" Vancouver, BC, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL5: Frankfurt) announces the Company has applied to Argentina’s Department of Mines for Recharge to drill a fourth hole after the success of the now three previous holes hitting the targeted lithium bearing brine aquifers at its “Pocitos 1” Lithium Brine project in Salta, Argentina. The position of the next drill hole has been positioned to maximize the size of the potential resource using the previously completed TEM geophysics and drilling data. As previously announced, the basis for the NI 43-101 report is well underway after Mr. Thomas set up the drill program in Argentina when he was there in November 2022 and again in January 2023 to measure and review core, flow rates and assays to create the anticipated NI 43-101 compliant report. Thomas, BSc Geol, FAusIMM MAIG, has spent the past 22 years exploring for lithium brines, including building and operating a pilot plant for production at Rincon Salar (sold to Rio Tinto for US$825 Million) as well as he and his team developed the Pozuelos salar, producing an indicated and inferred resource, from four exploration wells. (Pozuelos was recently sold in 2022 to Ganfeng for US$962 million). Mr. Thomas is independent of the Company and is not a shareholder of Recharge. This is another planned milestone in the Company’s endeavour to build up to a 20,000-tonne lithium extraction Ekosolve™ plant at its Pocitos 1 Project in order to supply Richlink Capital Pty Ltd battery materials clients up to 20,000 tonnes of lithium chloride/carbonate per year as previously announced under letter of intent. Their clients were given an update in China on plans and progress Recharge has made. Lithium is selling in the spot market at 477,500 Yuan per tonne or the equivalent of US$70,752 per tonne according to TradingEconomics.com. (January 30th, 2023). Stakeholders are encouraged to visit the company’s website to learn more about Ekosolve™. CEO and Director, David Greenway states, \" The world needs more lithium battery materials and Pocitos 1 continues to present that it may be a significant contributor to the supply puzzle being solved by Gigafactories of lithium product. The future of the Pocitos 1 Project continues to improve and we couldn’t be more excited by these ...