Business
Recharge Resources To Develop Phase 1 Exploration Program At Georgia Lake Lithium Project
Vancouver, BC, Sept. 01, 2022 (GLOBE NEWSWIRE) -- Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL5: Frankfurt) is pleased to an
About this update from Uranium One Mining Corp.
[{"type":"text","content":" Vancouver, BC, Sept. 01, 2022 (GLOBE NEWSWIRE) -- Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL5: Frankfurt) is pleased to announce it has commenced planning for a Phase 1 Exploration Program at its 100% owned Georgia Lake North and West Lithium Properties contiguous to Rock Tech Lithium Inc.’s (RCK – CSE)(“Rock Tech”) Georgia Lake Lithium Property, approximately 160 km northeast of Thunder Bay, Ontario, within the Thunder Bay Mining Division. On August 23rd, 2022, Rock Tech announced a strategic partnership with Mercedes-Benz. Rock Tech and Mercedes-Benz AG jointly announced that the companies are about to enter into an agreement which provides for a strategic partnership to produce high-quality lithium hydroxide for the automaker and its battery suppliers. Under the intended binding agreement, Rock Tech has agreed to deliver up to 10,000 tonnes per year (A USD $670 Million Dollar Per Year Value at today’s Lithium prices) of its planned production to the premium manufacturer and its partners starting in 2026. Furthermore, on August 19th, 2022, neighbouring Rock Tech recently announced the closing of a $40 million private placement and intends to use the net proceeds of the offering to finance the development of the company's proposed high-grade lithium hydroxide converter and refinery facility in Guben, Germany, and to finance the continued exploration and development of the company's Georgia Lake Lithium Property. CEO and Director, David Greenway, states, \"While we continue to advance our two fully-funded drill programs at Brussels creek and Pocitos 1 lithium Salar in Salta, Argentina, it is hard to ignore the developments by our neighbours Rock Tech Lithium and their new strategic partnership with premium automaker Mercedes-Benz. Recharge Resources will plan a surface reconnaissance exploration program on our Georgia Lake projects with a goal of identifying the potential for continuity of mineralization from Rock Tech’s active development at Georgia Lake.” Georgia Lake North & West - Lithium Properties – Ontario The Georgia Lake North and West properties are located approximately 160 km northeast of Thunder Bay, Ontario, within the Thunder Bay Mining Division. Recharge’s property is contiguous to the North and West boundaries of Rock Tech Lithium’s Georgia Lake Lithium Property and con...