RECHARGE COMPLETES AIRBORNE MAG SURVEY AT GEORGIA LAKE LITHIUM PROJECT TO DEMONSTRATE ‘STRUCTURAL CONTINUITY’ FROM NEIGHBOUR ROCK TECH AND INTELA RESEARCH HAS COMMENCED INITIAL ANALYST COVERAGE ON RECHARGE


Vancouver, BC, Nov. 15, 2022 (GLOBE NEWSWIRE) — Recharge Assets Ltd. (“Recharge” or the “Firm”) (RR: CSE) (RECHF: OTC) (SL50: Frankfurt) is happy to announce that Prospectair has accomplished the high-resolution heliborne magnetic survey on the firm’s 100% owned Georgia Lake North and West Lithium Properties. The property is straight away contiguous to Rock Tech Lithium Inc’s (RCK–V) (“Rock Tech”) Georgia Lake Lithium Property and positioned roughly 160 km northeast of Thunder Bay, Ontario, throughout the Thunder Bay Mining Division.

Picture 1: Prospectair Magnetic Survey Helicopter

Picture 2: Preliminary photos from Airborne Magazine Survey at Georgia Lake Lithium Mission

Preliminary imagery is encouraging and is now being additional analyzed for the creation of NI 43-101 compliant technical report to incorporate proposed aggressive floor exploration targets for prospecting, geological mapping and additional sampling. 

CEO, David Greenway, acknowledged, “We’re making progress on all fronts throughout our portfolio of initiatives. With our ongoing drill program on the Pocitos 1 Lithium Brine Mission, a now permitted and funded drill program at Brussels Creek drilling, the proposed spin out of Pinchi Lake in to NextCharge Battery Metals Ltd. and now, our airborne magnetic survey at Georgia Lake is accomplished with preliminary imagery wanting very encouraging. We’re thrilled the workforce at Prospectair had been in a position to lock in an engagement and deploy to the property on such a right away time-frame because the climate was cooperative.”

“The purpose of this airborne survey is to determine the potential for structural continuity from neighbouring Rock Tech’s energetic improvement at its Georgia Lake Mission. Rock Tech signed a serious lithium provide settlement with Mercedes-Benz AG and Recharge is dedicated to advancing and monetizing its portfolio of belongings to the good thing about all stakeholders,” Greenway continued.

On October 20th, 2022, Mercedes-Benz (MBGn.DE) signed a provide settlement with Canadian-German Rock Tech to obtain on common 10,000 tonnes of battery-grade lithium hydroxide per 12 months. The deal, which comes shortly after the 2 teams mentioned they’d discover a strategic partnership, has a price over 5 years of 1.5 billion euros (US$1.47 billion) and can present sufficient lithium hydroxide for 150,000 vehicles a 12 months, the businesses mentioned.

Lithium is promoting within the spot market at 597,500 Yuan per tonne or the equal of US$84,484 per tonne in line with TradingEconomics.com. (November 14th, 2022)

The 548 line-km airborne survey consists of masking neighbouring recognized lithium-bearing pegmatite constructions, mobilization and demobilization, room and board, provide and supply of gas, knowledge gathering and processing. All closing outcomes shall be introduced to part 4.4 with a closing report signed by QP and NI 43-101 compliant. 

Moreover, Intela Analysis a Dublin, Eire primarily based funding analysis firm, producing and distributing analysis to a worldwide viewers, together with, funding banks, institutional traders, in addition to skilled traders and related members of the worldwide funding group — printed an preliminary fairness analyst analysis report on Recharge.

The analysis report dated October 31st, 2022, entitled “Recharge Assets Ltd. (CSE: RR / Frankfurt: SL50 / OTC:RECHF) Exploring a Cleaner Future By means of the Energy of Battery Metals” was written and produced by Intela analyst Matthew Levy, CFA.

All studies on Recharge ready by analysts characterize the views of such analysts and should not essentially these of Recharge. Though the Firm has paid a payment to Intela Analysis to offer its unbiased analysis opinion (simply as charges are paid to bond-rating businesses and auditors for his or her opinions), the Firm isn’t chargeable for the content material, accuracy or timelines contained in an analyst’s report and the payment was not depending on the opinion offered.

As well as, readers must be conscious, and are cautioned, that opinions, estimates, or forecasts contained in analysis analyst studies should not topic to the necessities of Canadian Nationwide Instrument 43-101 (“NI 43-101”) “Requirements of Disclosure for Mineral Initiatives” and haven’t acquired any endorsement or approval by RR. As such, RR doesn’t suggest or in any means characterize that any of the studies, opinions, estimates, or forecasts relating to RR made by analysis analysts complies with NI 43-101 or characterize the opinions or beliefs of Recharge or its administration or representatives.

Along with data filed by Recharge as discovered on SEDAR (www.sedar.com), readers ought to check with the NI 43-101 Technical Report(s) of Recharge regarding its undertaking ready in accordance with NI 43-101.

The Intela report is at the moment obtainable to view, or to obtain, from Intela’s web site – www.intelaresearch.com or upon written request from Intela: e-mail: data@intelaresearch.com

Certified Individual

Joerg Kleinboeck, P.Geo (JMK Exploration Consulting)  has reviewed the technical data that varieties the idea for parts of this information launch, and has authorised the disclosure herein. Mr Kleinboeck is unbiased of the Firm and is a professional particular person as outlined underneath Nationwide Instrument 43-101.

Georgia Lake North & West – Lithium Properties – Ontario

The Georgia Lake North and West Properties are positioned roughly 160 km northeast of Thunder Bay, Ontario, throughout 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 consists of two declare blocks totaling 320 hectares and 432 hectares.

Picture 3: Georgia Lake Lithium Mission Overview

The Rock Tech Lithium Georgia Lake Mission is host to a number of spodumene-bearing pegmatites. Lithium mineralization was found in 1955 and subsequently explored by a number of historic homeowners. Rock Tech’s property hosts an NI 43-101 Mineral Useful resource, as reported in Rock Tech’s Preliminary Financial Evaluation filed on Rock Tech’s SEDAR profile, with an efficient date of March 15, 2021. The Mineral Useful resource is summarized within the following desk:

  Tonnage (MT) Grade (Li20%)
Measured Assets 2.31 1.04
Indicated Assets 4.31 0.99
Measured & Indicated 6.62 1.01
Inferred Assets 6.68 1.16

Recharge’s administration cautions that previous outcomes or discoveries on properties in proximity to Recharge might not essentially be indicative of the presence of mineralization on the Firm’s properties.

About Recharge Assets

Recharge Assets is a Canadian mineral exploration firm centered on exploring and creating the manufacturing of high-value battery metals to create inexperienced, renewable power to satisfy the calls for of the advancing electrical car and gas cell car market.

All stakeholders can observe the corporate on its social media profiles on LinkedIn, Twitter, Facebook and Instagram.

On Behalf of the Board of Administrators,

David Greenway

David Greenway, CEO

For additional data, please contact:

Recharge Assets Ltd.
Joel Warawa
Telephone: 778-588-5473
E-Mail: info@recharge-resources.com
Web site: recharge-resources.com

Neither the Canadian Securities Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the CSE) accepts accountability for the adequacy or accuracy of this launch.

Disclaimer for Ahead-Trying Info
Sure statements on this launch are forward-looking statements, which replicate the expectations of administration relating to Recharge’s intention to proceed to determine potential transactions and make sure company modifications and functions. Ahead wanting statements encompass statements that aren’t purely historic, together with any statements relating to beliefs, plans, expectations or intentions relating to the long run. Such statements are topic to dangers and uncertainties which will trigger precise outcomes, efficiency or developments to vary materially from these contained within the statements. No assurance may be provided that any of the occasions anticipated by the forward-looking statements will happen or, in the event that they do happen, what advantages Recharge will receive from them. These forward-looking statements replicate managements’ present views and are primarily based on sure expectations, estimates and assumptions which can show to be incorrect. A variety of dangers and uncertainties might trigger precise outcomes to vary materially from these expressed or implied by the forward-looking statements, together with Recharge’s outcomes of exploration or evaluation of properties that Recharge does purchase. These forward-looking statements are made as of the date of this information launch and Recharge assumes no obligation to replace these forward-looking statements, or to replace the the reason why precise outcomes differed from these projected within the forward-looking statements, besides in accordance with relevant securities legal guidelines.



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